Episode 811 Scott Adams: Iowa Proving the Best Movie Plot Wins, Impeaching Pelosi, Dems Going Crazy
Date: 2020-02-06 | Duration: 48:37
Topics
My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a President Trump, the best troller of all time The “bipartisan” vote concept Where are all the people who said trade wars never work? Twitter dustup with a nest of Democrats
If you would like my channel to have a wider audience and higher production quality, please donate via my startup (Whenhub.com) at this link: https://interface.my/ScottAdamsSays
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## Transcript
[0:09]
buh-buh-buh-buh hey everybody is time for coffee with Scott Adams that's me and you don't need much to enjoy coffee with Scott Adams no you don't you're probably already prepared many of you you're sitting there hand-done cup ready to go but if you're not all you need is a cup of bugger class a tanker challenger stein a canteen Joker flask a vessel of any kind fill it with your favorite liquid I like coffee and join me now for the unparalleled pleasure of the dopamine the end of the day the thing that makes is everything better the site will tidy except here are Cubs go I would say that is beverage delicious beverage deliciou so what a fun day I don't know if there are horrible things happening in the world somewhere but the news is not reporting on those horrible things today mostly is
[1:09]
on those horrible things today mostly is reporting on funded interesting and weird things about politics and others so I'm happy about that president Trump retweeted I don't think I'm wrong I think he retweeted two memes yesterday by carpe doubt them you know one about the impeachment process itself and that an older one there was a big hint they showed him in office you know into infinity so the fact that Trump tweeted it out was something while he's being accused of trying to be a king or a dictator who will will be in office for life he tweets out the Beame of him being president for life now nobody nobody will ever troll this well he is the best troller of all time I say this a lot but the problem that his critics have in understanding him is that he adjusts his technique for each platform
[2:11]
adjusts his technique for each platform so when he's giving a row speech he goes into Trump you know stand-up comedy mode and he hit he crushes it he's really just great at just being entertaining in front of a crowd when he goes into a meeting with a foreign leader he acts like a you know more like a regular president and subdued and polite and all that professional yeah but what he's on Twitter here's the part they don't get being on Twitter is not where you take your normal personality I mean you can there's nothing to prevent you from taking your adorable personality to Twitter but if you do nobody's gonna retweet you because Twitter is a place where there's a certain I don't culture expectation style fashioned whatever you want to call it in which things are a little a little amped up you know hyperbole is a little more understood and accepted everything's a little bit
[3:12]
and accepted everything's a little bit more and in that world Trump absolutely rules he just becomes a a Twitter personality in the best possible way and he tweets the most provocative stuff that doesn't hurt anybody nobody gets hurt it just makes people's head hair catch on fire and their heads explode so best tweet best Twitter tweeter ever the president all right Nate Silver who of course as you know is famous for being an expert on statistics on elections and stuff like that he had a tweet in which he said that the Iowa situation with the the votes still coming in feels a little like a simulation where somebody's you know like we're living in a simulation and the creator of the simulation is just testing some different outcomes so now what if we do this yeah what if we tweaked it a little bit like this now I thought it was a of course people sent it to me because he talked about
[4:13]
sent it to me because he talked about the simulation but I I proposed this to you people who are experts on the odds just understanding what is likely versus what is less likely I have a feeling that almost all of them believe that were a simulation because the entire argument is based on the odds and the odds are overwhelmingly in favor of the fact that we're not an original you know organic species that were a simulation so it would be no surprise that somebody was literally famous for being an expert on the statistics would at least have some affection for that idea he doesn't say he's a believer so I don't want to put any words in his mouth but it wouldn't be a surprise it would be the most adorable thing of the world all right remember my prediction filter that said the best movie script is why you can depend on happening in politics
[5:14]
you can depend on happening in politics in other words if there are two potential paths you know could come out this way or things could come out this way and you don't know there's just no way to know which one is more likely always better the best movie now does it work every time yeah but it's a little subjective but in this case the best movie for Iowa would be a photo finish and here we are turns out that as the results continue coming in Bernie has closed the gap with Budaj edge he's pulled further ahead in terms of popular vote Bernie has giving him really I would say fairly credible grounds to say he won he won at the same time boo judge has slightly more delegates so he can say he won but here's the fun part there's still one one area that hasn't reported and if they report the same you know sort of percentage distribution as
[6:15]
know sort of percentage distribution as everybody else Sanders comes from behind and wins you know hasn't happened yet but smart people are saying ah by the time you count that other district if that district unless it's some kind of a weird outlier it's gonna put Sanders in the lead now am I wrong that that was the best movie script you see this right once you see it it's it's just it's maddening how often it happens and I can't think of any reason why I can't think of any logical cause of the fact reason maybe it's a could it be just a delusion is a cognitive dissonance is a confirmation bias am i hallucinating that whatever we're trying to predict one of these political things and I think it works best in the political realm by the way not in every realm not in science for example but in the political realm here we are it was exactly the best movie script so doesn't
[7:18]
exactly the best movie script so doesn't work every time but keep an eye on them alright I guess Sanders hauled in 25 billion dollars which is a lot so Sanders is on a on a rage and once again I point out how many times do we have to see a mistake that works against Bernie Sanders how many times we have to see a rules change that coincidentally works against Bernie Sanders just keep an eye on it see if there's any kind of a pattern all right sue moly Hemingway had the the best quote about Mitt Romney being the being the trainer who who turned it bipartisan so apparently apparently the vote was bipartisan because because one person one Republican voted to convict on one account so I guess that's bipartisan and
[8:22]
account so I guess that's bipartisan and so I tweeted that Benedict Arnold doesn't get enough credit for making the Revolutionary War bipartisan because you probably thought it was a partisan war the United States against you know Great Britain you know the the well it wasn't the United States but the colonists against Great Britain that's probably what you thought but no it turns out it was more of a bipartisan war because Benedict Arnold changed sides and apparel you only need one if one person changes sides your bipartisan so it gives me a whole new whole new opinion about the Revolutionary War I thought it was one side against the other but it was strangely bipartisan thanks to that one guy Jonathan Turley famous constitutional scholar lawyer type as well as back gates independently are going after Pelosi for ripping up those
[9:24]
going after Pelosi for ripping up those papers I think totally was her to resign or be censor censured or something back eights thinks maybe she she should be that enough she should be somehow penalized I don't know the details censured or something else based on destroying destroying government documents now I'm a big back gates fan and I think he will most likely be a future president maybe 2024 because he's coming on fast but I'm not so sure that Pelosi destroyed government documents in a room full of the same document so I'm not going to say this is a strongest argument but from a political perspective it's very entertaining and one of the things that Matt Gaetz understands better than most people in politics which is one of his super powers it is how to get attention and how to you know how to capture your imagination how to make you look at his
[10:25]
imagination how to make you look at his direction and he's doing it again so from a persuasion perspective not bad not bad pretty good play alright so far that correct me if I'm wrong but I talked about this a lot people don't remember everything that happens it would be impossible so we we shortcut the trick to what we need to remember so we we sort of don't pay attention to things that work the way they're supposed to work when things are working okay we say okay that's the part I don't have to pay attention to that's all working okay your brain is designed to ignore things that are normal and exceptions other things you remember so what are you going to remember about the Democratic Party and their accomplishments for the past several months well I correct me if I'm wrong but I only remember two things I remember that they failed at running a caucus well three
[11:27]
failed at running a caucus well three things they fail that the Russia collusion thing they failed to run a good caucus and they failed at an impeachment can you remember anything else the Democrats did in the last I don't know year now I believe the truth is correct me if I'm wrong but if the truth is I think a whole bunch of you know lesser bills have been approved in a bipartisan way the u.s. MCA was approved in a bipartisan way and a bunch of other stuff too but we think of the u.s. MCA as more of trumps accomplishment don't we so even though the Democrats were productive that you know one matter it doesn't feel like it the way we remember it is that it's Trump's accomplishment so correct me if I'm wrong the only things we know about the Democrats the parts that are memorable are three failures and they're gigantic ones I mean the Russia
[12:29]
gigantic ones I mean the Russia collusion thing was one of the biggest failures of all political in history the impeachment was another gigantic failure not only that but it was a failure that you knew would be a failure before you started that's as hard as you could fail and then of course running a caucus that without didn't go well either all right so things are bad for Democrats here's here's what Stefan Collinson might be Stephan Stephan I can never remember how to pronounce any of the Stefan Stevens so mr. Collinson writes for CNN this is an actual sentence that he wrote but the underlying cause of impeachment okay wait a minute we're gonna learn the underlying cause of impeach you probably thought the underlying cause was that Democrats are angry because they're not in power they're just trying to get rid of the president so they could take power back you might
[13:31]
so they could take power back you might have thought that was the underlying cause of an impeachment but mr. Khalid said it's going to tell us what the real underlying cause of impeachment was he says but the underlying cause of impeachment maybe most maybe the most crucial issue on the ballot and that he tells us what that underlying cause of impeachment was he says the president's determination to wield sweeping unrestrained power and his refusal to accept the checks and balances invested in Congress what what what weird reality is he living in what what does he know about the president's inner thoughts the president's determination how determined is the president to quote wield sweeping powers and have a understand have unrestrained power I can't read the president's mind either but if I had to
[14:33]
president's mind either but if I had to place a bet I would confidently place a bet if there were if there were some way to check the president's inner secret thoughts maybe I'd be certain about it I would place a very large bet that he has never once had this thought how can i wield sweeping unrestrained power I don't think that's ever even crossed his mind do you I think probably every situation he looks at he figures you know what's what's the best most you know what's the most I can do in this situation but would that be every president is there a president who says I have this much power but you know I don't want to take it to the limit I have this much power but I'm only going to use half of it to get stuff done said nobody will will we ever have a president who has this much power but only decides to use half of it because it doesn't want to look like a king doesn't want to look like he's wielding the sweeping powers
[15:33]
like he's wielding the sweeping powers doesn't want to look like he has unrestrained powers so I better all use half of my powers never we're not gonna have that president and if we do we should impeach him or her if there's a president who fails to use the powers of the office to get the work done of the people that's no president I want the president I want most is the one who uses a hundred percent of the powers given and then it pushes a little bit more that's the sweet spot that's the one you want if I were to describe three types of presidents let's say hypothetically you don't know anything else about the president it's not Trump it's just a president and you have three choices one who does not use the power of the office only uses a fraction of the power of the office that's one choice another one does be trying to become a king and and just ignores everything it just tries to become a king well you know what Alan I would
[16:35]
king well you know what Alan I would argue that the very best look for a president in terms of efficiency and effectiveness there's somebody who readily uses a hundred percent of the power that's given it just pushes a little bit extra that's the one you want if you don't get that one I don't care who it is I don't care if it's Elizabeth Warren I don't care if it's Obama I don't care if it's Bernie Sanders they should use all the power of the office push it a little bit more just to find out if they've used it all if they can't if they in an obstacle called Congress or if they had an obstacle called the people or if they hit an obstacle called the law well that they've pushed far enough but I know what the president who doesn't push that's not the personality you want as a leader you want a leader who says I'm taking everything you're giving me you try to get a little bit more you know we'll just push it a little bit find out where that limit is any good negotiator would do the same thing so that's in the CNN world that's
[17:41]
thing so that's in the CNN world that's what's happening there's a dictator he's a dictator he's expanded the powers of the office now he just beat he beat a coup beating the coup attempt doesn't really expand the powers of the presidency I will we ever see an example so the people who are crafting this view of the world this filter of reality is that it's a it's a president who's got too much power now but what does that predict well it predicts that you would see him using that power in a way that the public would regard as done their best interest do you think you're gonna see that do you think you'll see President Trump abusing his new power that he got because of this impeachment process to do things that his base the people who voted for him don't want vote you know of predicting against that I think that he will push wherever wherever he promised wherever his base was to push
[18:43]
promised wherever his base was to push you gonna expect that but that's okay maybe that's how the system works all right where are all the people from a year ago and two years ago and three years ago who's said to be Scott Scott Scott you poor ignorant bastard don't you understand this simple truth trade wars never work let me say it again Scott you dub dub bastard I don't have you not been paying attention to all of human history there's one thing we know with complete certainty trade wars do not work and I it by an invisible way you said sure they do sure they do they totally work what's the alternative give the other side everything they want how does that work how does giving an enemy country you
[19:46]
how does giving an enemy country you know roughly speaking at a big country let's say China how does it work to give them everything they want that's bad for us well was that the other choice no I said trade wars wait for it work every time trade wars work every time well but there's a catch for the strongest party we were the strongest party if China had started to trade deal with us well probably a bad idea if Vietnam starts a trade war with the United States I'm gonna say that probably won't work out for Vietnam so you have to have a little bit of sophistication when you're looking at the individual situations and say now in the situation where one has a lot of power and a super strong economy and the other has a Trembley economy and much less power and depends on you and they have an unfair trade trade situation
[20:47]
have an unfair trade trade situation already that's just grossly unfair under that specific situation I would expect a trade war to work every time you just have to stick with it and that's what the president did the president stuck with it that was the only thing he had to do because it wasn't anyway you lose if you're the stronger power and you've got you know more margin in your economy and more safety and so that's where we are but I don't see any of those people who mock me mercilessly for being so dumb to think that trade wars could work you know there's a u.s. MCAS your your other example where are they now I would expect those people to come out and say Scott you know I was so wrong back then I would like to apologize to you Scott because well let me call in Dale Dale don't you owe me an apology for saying that trade words never work yes I do
[21:48]
that trade words never work yes I do Scott I would like to be completely out of character and say that you are not only correct you are wise beyond your years and you had a lot of years muhahahaha you can a lot of you it's called you old you're wise beyond your years trade wars do work under certain circumstances and you were right about that you were so so right see Thank You Dale it's almost like I was putting those words in your mouth all right let's see what else we got going on it's it's a weird it's a weird day because there was so much news yesterday yes somebody's saying breaking news China has cut tariffs by 50% on some imports so I don't know how big a deal that is but sounds like a big deal somebody's apologizing to me here on the comments
[22:49]
apologizing to me here on the comments Scott I was wrong I'm sorry all right so well some intrepid intrepid democrats tweeted i think it was a response to somebody saying something bad about nancy pelosi and this person tweets allure be web pelosi sexually assault somewhat mocks the disabled tears a child from their parents pays off a porn star insults a gold star family calls nazis fine people deny science steals from a charity or starts a fake university until then take a seat so i just for my own entertainment i waited to this conversation and i noted that several of things on the list didn't happen they're just fake now what do you think happened to be what i waded into this little democrat nest to tell them that their list of what they believe
[23:50]
that their list of what they believe about the world several of them are fake news did that go well for me do you think people said oh well thanks for the correction it's a good thing you told us because we thought of this was all true so I I baited them for a while and they kept saying oh yeah oh yeah you see something you Scott you think there's something on that list that's fake well let's see your link let's see your evidence you know if you Scott if you think there's something fake on this list can you give me any link I'm waiting and of course as idiots on Twitter do if it takes you five minutes to respond to a tweet they'll start saying crickets you know waiting well apparently you had nothing it's been five minutes I couldn't imagine that you have anything going on in your life except to respond to randos on Twitter so I guess you got nothing and person after person I said
[24:54]
nothing and person after person I said yeah there's plenty of evidence it's been strongly debunked but I intentionally didn't give them the link until they were really riled up I don't feel I'm not proud of it I'm not proud of what happened next but it happened I got them really excited about how crazy I am and how there's no evidence of it being debunked and then I sent him a link to Steve Cortez his video they did from Prague review thoroughly debunking the fine people oaks and then of course he got real quiet and then I waited a little bit and I sent the debunking link for the the the the hoax that he mocked a disabled guy with a bad heart because if you see the compilation clip you can see that he uses that same motion for lots of people including what he mocked Ted Cruz so and of course before I sent any of these links I really wound him up and
[25:56]
of these links I really wound him up and I said you know the people on the right have seen what you see but they've also seen the debunking but you've never seen their debunking so so you're in a silo so I got people all wound up about being into new silo and then subs of that so then I got the people who said oh it's Scott so and of course they use that tell if you start a word a sentence with so so you're saying whatever follows that is just ridiculous it's not something you're saying so they said so you so tell us got tell us God which wishes these things on this terrible list of accusations are you okay with because you said some of them are fake so tell me which one you're okay with Scott are you okay with you know sexual assault Scott are you okay with with stealing from a charity or starting to fake University paying a poor sir which one of those are you okay with to which I said I didn't say I was
[27:00]
with to which I said I didn't say I was okay with anything but I'll tell you what I haven't yet told them there's some things that well let me put it in a better way I'm interested in your best interests yours the people watching this periscope right now as well as the people of debating a twitter who have very different views of what I'm interested in I'm getting the best deal I want them to have the safest country I want them to have the you know the best economy I want them to have good jobs another way to get there is to not care that the president paid a porn star okay can you get over that it if your best way to have a good life is to simply not care does somebody paid a porn star can you do that is that too hard because I don't care I don't care at all somebody says in the comments she paid him which i think is technically true because of the
[28:01]
think is technically true because of the the lawsuits or whatever she ended up paying his court costs I think which is funny then there are other things like the stealing for the charity of the fake University the charity one this this was the legal system to handle I don't think we've heard we haven't heard the whole story you know if something bad happened there he paid for it does that affect you does it affect me not really and as far as Trump University people who don't understand to have a licensing work have a different view of what that was I am somebody who licenses or have license lots of things so I've license Dilbert properties to people who make different kinds of products they put it on those when I license Dilber to my calendar maker or by reprint bookmaker they do an amazing job that they really turn my content into more than it would have been by the form they put it in at
[29:02]
have been by the form they put it in at cetera so that's a really good license to deal but there are other licenses I've I've granted and I got paid for it which they turned it into a product that wasn't so good yeah it was good enough that I ultimately approved you know it was a t-shirt or you know something like that but nobody bought it so there are certainly cases where I license things but I don't have control over the outcome Trump licenses the name Trump to a whole variety of things including people who build buildings and put the Trump name on it I think you could fact check me on this but I doubt that Trump knew a lot about what was going on with Trump University so what they said was he started to fake University I don't think that was his intention do you do you think there was any time that the president was presented with this opportunity and they said okay it's all a scam well we're
[30:03]
said okay it's all a scam well we're gonna put you know if you want we'll put your name on it you can share in the scam do you think that conversation ever happened I don't think so I don't think so
so far more likely some people he knew or trusted incorrectly as it turns out told them that everything would be great and all I did is for him to make a video and say he's associated with it put his name on it and they'll do the rest was he aware of what they were doing and that they were they were not producing something of value well eventually he was and then it became a big legal problem but I doubt that's what his intention was because really why would you it wouldn't make any sense so when you go down this list under he insulted a gold star family how much does that affect you did did your 401k go down because that time in 2016 he insulted a gold star family after they insulted in first did that make any difference to you I
[31:05]
did that make any difference to you I don't think so didn't make me less safe to make me less money it didn't do anything so the Democrats are living this this world of awfulness in which they they believe that Trump called Nazis fine people didn't happen you could just check the transcript he sent the opposite of that that T he mocked a disabled guy didn't happen you could check the compilation clips to see that uses that same gesture all the time sexually assaulted someone not that I know of I know there are allegations but I'm not aware of anything credible so I don't know how to deal with allegations that are not credible tears a child from their parents put it in context same thing to Obama dead and it was better than the alternatives because the alternative was to let the traffickers take the child into the United States and have them sexually abused for years that was the other choice because the
[32:07]
that was the other choice because the the separating the parents for the kids that was the only way the only way they could do it given the resources they had there says he did I science is that true first of all is there anybody who would deny science anybody anybody there's nobody would deny science what they're talking about is climate change when he when he said that I just saw another quote he said you know parts of it or hoax now the last time he used the word hoax at least on video in which he was talking about climate change he was careful to say there there parts of it that are hoaxes and I think that's true that is just true the the part about the wild hysteria the part about the you know all the predictions that have been made that haven't worked the part about the Paris Accord where we would spit you know we would lose a lot but we would gain anything there are a whole bunch of parts of it that are clearly you know
[33:10]
parts of it that are clearly you know questionable but given that he has just approved two trillion trees and the only reason for the tree is there's no other reason other than climate change that kind of puts him squarely on the same side as the scientists because you wouldn't do the trees unless there was some reason so I don't think he's been good a the climate question so I'm a critic of the way he's handled it because I think he should be pushing nuclear much harder and making you know making up making a positive argument instead of just a negative argument about it or a passive approach planting trees is bordering on passive anyway so looking at how the Democrats see the world is a combination of things that don't matter allegations that have never been proven to any reasonable standard and stuff that it literally
[34:13]
standard and stuff that it literally didn't happen and that's their worldview it's completely constructed from fake news and not knowing what's important now were the people that I was dealing with were they Economist's if you guess now you'd be correct were the people I was arguing with about this topic were they scientists no no were they artists yeah they were the other word no surprise all right if any of you enjoyed the prank I suggested no I don't think I have to suggest this prank because I think it was going to happen anyway but I like it better framing it as a prank because it's more fun and the prank goes like this and by the way this is a long-term multi-decade prank this is not a prank that you run for a week and then reveal it this one you just you just
[35:15]
reveal it this one you just you just live with because it's so funny it goes like this insisting that the president was not impeached because he was acquitted that sort of erases the record now of course the Democrats have said it doesn't matter if the Senate votes one way or the other the house is a peach them so he's forever an impeached president they have their argument I don't care if it's true or false that's not the point it's worth thinking in other words we're just we're just deciding which our favorite words are to assign to the thing that we all agree happened because we all watch the same set of facts it's not adding anything to it to say he was impeached forever he wasn't impeached doesn't change anything because we're all looking at the same set of facts we're just putting different labels on them so the prank is to insist that it's a demonstrated fact that he was not impeached and don't ever argue the details this is the prank part never argue the details just say well
[36:19]
never argue the details just say well they tried it was a failed impeachment so therefore he wasn't a peach they tried they failed don't give any other arguments just say yeah they made it he could try it just didn't happen there was no impeachment it will drive Democrats absolutely crazy because they will be sure that you should adopt the way they label it you don't have to you can simply say he wasn't a peached and by the way you have Alan Dershowitz on your side famous constitutional scholar and someone who was on the winning team in defending the president and by the way which arguments what the day of all the people who argued stuff you know there were a number of lawyers arguing things in the entire Pietschmann which one was the only one that mattered Alan Dershowitz it's the only one that mattered because he's the one who gave the the Republicans complete cover to say these are not even a beatable there
[37:19]
say these are not even a beatable there are no impeachable allegations doesn't work that way and that's how the vote went I think most people covered their political butts by agreeing with Alan Dershowitz so let's agree with them again because he says no impeachment happened because if you don't go all the way into completion his analogy and you know you do what I say about analogies I'll just tell you what he said it's not logical but it's kinda persuasive is that it's it's similar to being accused of a crime and then you go to court and they find you not guilty you're not still the guy who maybe did a little bit of crime but wasn't found guilty you're just called innocent or not guilty but we'd call that innocent and practical in a practical sense so I agree with dersh ones all right I want to run by you oh here's one another interesting story in Washington State
[38:21]
interesting story in Washington State High School Principal got placed on administrative leave over a Facebook comment this was on her personal Facebook in which she was she said something about Kobe Bryant and this is Lisa said Korra principal at commis High School wrote on her personal Facebook page she's deleted it but she said quote not gonna lie seems to be the car got caught up with a rapist today talking about Kobe now she got put on administrative leave for that to keep in mind that was her personal page I'm gonna go out on a limb here what percentage of adult women have not been sexually molested or raped what would you guess and I think the manot of the women might have different guesses what percentage of adult American women will just say American adult American
[39:22]
will just say American adult American women what percentage by the time there she looked at the picture like she's in her 40s maybe early 40s by time they were in their early 40s what percentage have been sexually molested and or raped seeing numbers go by from 25 percent to 50 percent 60 40 70 percent ninety nine point five forty nine I don't know the answer but my estimate is a hundred percent a hundred percent and I think I could defend that do you know how I could defend that ask any woman you know and I'm gonna say by a certain age let's say by the age of 45 ask anybody over the age of 45 if they've been sexually molested and/or raped woman it's gonna be a hundred percent I think it is you know there there are women I'm not going
[40:23]
know there there are women I'm not going to name names but I know women who get sexually you know molested and were abused in some way on such a regular basis it's like once a month once a week maybe it's so common that there just becomes part of the tapestry of their life in a horrible way so here's my assumption without knowing so it's just speculation this principal Liza is probably in the same class as just about every other woman in America in which she's had a bad experience with a rapist or a molester do I have a problem with the fact that she said on her personal Facebook page that karma caught up to Kobe I do not object to that I do not object to that even a little so I'm going to say I'm totally in support of this principle she got she's on the administrative leave it
[41:25]
she's on the administrative leave it could be that they just do that so they look into it a little more or maybe she's still getting paid but I think this is unfair because her opinion was first of all a personal opinion - very personal I would guess I'm guessing again just speculating because every woman in the United States gets sexually molested I'm guessing that this is personal to her I completely support that opinion you know you don't have to agree with the opinion that's a different question but I absolutely support her her ability to say this in public without repercussions so but I hope that turns out well for her anyway I want to give you a a an investment philosophy now I have to say this before during and then after this is not investment advice I am NOT giving you investment advice and I'll go further if you were to take investment
[42:27]
further if you were to take investment advice from a cartoonist you would not be smart that would not be a good idea I I do not invest above average the meeting I begged no claim that I'm better at it then you know flipping a coin because I'm not I have no evidence that I am and so I'll just tell you an investment philosophy just to think about you know just put it put it with all of your other investment philosophies and it goes like this and I've I've used this technique to good effect I invest in companies that I can't avoid buying their products so when remember when gas prices were spiking years ago and I would buy gas and I would say to myself if I had a choice a buy gas or not buy gas I would I would not buy gas or I'd buy something else but I didn't really feel like I had a choice and so I bought some stock in an
[43:29]
choice and so I bought some stock in an index fund of you know gas companies basically oil companies and it did well so I I bought stock in a company or a group of companies because that was safer so we safer to buy a basket of companies than what because I didn't have a choice of buying their product and that was all I that's all I looked at if you don't have a choice here's another one several years ago I bought a bunch of stock in Apple well that's our Dow pretty well as you might imagine it's up a hundred sixty percent or something since I bought it now the reason I bought it was not because of their their pee ratio not because of their earnings not because who recommended it I bought it from one reason I owned Apple equip and would I go to buy a new phone I don't really have a choice I mean I do I could switch to Android but it's so much trouble and it's not going to be a better product how we really have a
[44:31]
better product how we really have a choice and now I've got this whole constellation of Apple products to sort of work together they're not iCloud and now I've just locked in so I bought Apple stock because I didn't have a choice about buying their products I just just yesterday I bought another pair of earbuds if you haven't tried the air buds by the way they're not for everybody some people don't like the way they feel in their ear or they fall out or whatever but if if you do like them they're one of the most amazing products I've ever seen in my life not just for headphones but in all products ever made in the history of the world the Apple earbuds are superstars I mean it doesn't get much attention but my god are those well designed I mean just crazy good engineering into those things you know from the user interface everything but look the feel so I bought Apple stock recently I bought some Amazon stock not because I thought it
[45:31]
Amazon stock not because I thought it was a good price because it looks like it's not the p/e ratio is way too high etc but here's the thing try not buying stuff from Amazon good luck with that I mean it's possible you could drive to the store you don't have to buy from Amazon but in a practical sense I kind to do I mean it's just so much easier and the the selection is better and the physical store never has what I want I don't have a really much of a choice so I bought their stock that it went up recently I bought some stock in Twitter a few months ago now it's not because I think Twitter's earnings are spectacular they're peas great nothing like that it's just that if I want to be a citizen who cares about politics I have to be on Twitter I don't have a choice big on Facebook wouldn't get me there
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big on Facebook wouldn't get me there right so Twitter is another one of those companies that for some percentage of the public if they want to be engaged in you know thoughts and ideas and politics and and stuff like that they kind of have to be on Twitter so I'm not saying you should buy any of those companies so let me say that again as clearly as possible do not take financial advice from cartoonists it's a bad bad idea yeah Twitter's up 15% today on on lots of new users so exactly what I was saying is that you kind of don't have a choice especially going into an election year if you want to know what's going on you kinda need to get into Twitter so I'm not telling you you should buy into any of those I'm really not telling you to buy any of those but all of that and by the way this advice I got from a a billion so the advice I'm giving you is the same advice I got from a billionaire
[47:33]
the same advice I got from a billionaire now I'm not going to name the billionaire it's one of the famous ones but in a private conversation told me that he only invests in monopolies now he laughed when he said monopoly because he said we don't call it that we call it the network effect meaning that if you joined Facebook good luck going to Facebook's competitor because they don't really have one right so you would invest this is an example I think he's probably invested in Facebook I don't know that for sure buy anything that you just can't avoid he invested it and that's why he's a billionaire among other reasons all right so put that out there that's all I have for today wasn't word Buffett you'll you'll never guess turns out there were so many billionaires so many billionaires it's not Peter Thiel no all right so that's you would never guess so don't even try all right I will talk to you later