Transcript
Look perfect. What a wonderful Purdue show live. From a CEO's blockchain verified inflated ego. It's an all-new terrific. Tuesday edition of business pants joined by analysts whole Matt mcard On today's Warren, Buffet brunch, Warren Buffett. What's funny here? Warren Buffett brunch or Warren Buffett it's like it's like when we used to call Target tarjet, I like Warren Buffett called November 11th, 2025 Biz nuggets, okay. Oh analytics.com, the only platform measuring board power connections before performance for free. Yeah, free that's free. Is zero still right? Yeah, but I don't know. Is it gonna help me buy more toys for my triplets? This winter? You would not be here if you had triplets you would be in a car or I would be a mental All right, let's just ready for some nuggets because I you know, what the Dems caved. And and I don't want to think about anything else except jokes that we can make that are horrible jokes. Although most of my jokes will probably make you feel worse. None of my jokes are funny, so it's an hour. That chainsaw better be filled with disgusting and manly gas and oil, and have really giant testicles headline of the week, the Tories, you know, the Tories are right. That's the conservatory Pelicans over there in the UK Tories. Vow. To take a chainsaw to ESG rules to boost London listings. Take a chainsaw. Uh, how many of those stories have actually ever held a chainsaw? You think? I just want to think about a chainsaw with actual testicles on it. And instead of that dangling, I bet you that, I bet you that the UK actually Has laws about getting rid of loud gas chainsaws, right? They probably do have a lot of ya operated changes. Yeah, probably. But like they're men and they want to get rid of data. They want to get a chainsaw and get rid of data. Didn't we already do the chainsaw thing with Elon Musk on stage holding a chainsaw. And even he said he regretted it. Look you have to when you're a Conservative Republican tour or whatever you are. You have to constantly resort to political theater. That's all you really have. You have changed saws. You have getting rid of its data that they think is a man not manly enough, they're like the Silverback gorillas, they like pound their chests and make sounds like Like, you know, all right. I think we can end the show after that weird moment and our I tried to get Doug. To buy a haunted mansion Lego set for 89 dollars and ninety nine cents. But for some reason, he wasn't really that interested headline of the week. Affirm CEO says, furloughed federal employees are starting to lose interest in shopping. Hi. This is a guy named Max levchin. He's he's formerly a PayPal. He owned 2.1 billion dollars of a firm shares or almost 24 million. Haunted Mansion Lego sets. Wow, is that so, is there a real question is? Is that the real price for a Honda mention, like, that, really, I was almost gonna Win like the Bobo Fett, like, Lego set. That was like, 1899. But I thought that was too unbelievable, I thought. Yeah, I know, they wouldn't have been buying that, anyway, that was always out of the price range. and our Meet subtle, sexism. Where a stacked resume is treated like proof of confidence for women, but men are assumed Confident by default headline of the week. That's not really funny. That's just me being angry. Yeah, that's just That seems angry. Yeah me and here's that like meat Zara, Rahim. The 35 year old with a stacked resume, who masterminded zoron? Mum Don is winning mayor. Earl campaign. Why do we need to point out her stack presence? Why do we have to say this like, say like to all the D? The anti people like, she's okay. Because like, I don't get this, um, a Muslim Millennial won the mayoral election. I don't think there's a right. It's about a woman. Yeah. It's because she's a woman I guess. Maybe you're right. It's double d e. I write double d e. I so she was bulshit though. Yeah, I don't I don't like it. I'm calling you out fortune and this is from Dave Smith. Can you imagine that articles right? Dave Smith, this Dave Smith have a stack resume. It's a really. Yeah. Whereas his stacked resume. and our That half day on Thursday. has been technically, reclassified as Soul, throttling, half Thursdays headline of the week. Jamie dimon predicts. AI will shorten the work week quote? My guess is the developed world will be working three and a half days a week. Oh, that's why why would one half? Why are you dragging people in on that Thursday? Jamie, what are you doing? What do you? I mean, imagine that all the all the horror show Finding like daycare of like figuring out Transportation. What are you doing to people? I love a good half day. Come on, like take the half. So sip it, by the way that he does, he have like a slide rule that the German that like, what is he doing that? That's my favorite person. Whereas the lab that he came up with this at some point, he was just like cuz saying a four-day Work Week. Doesn't sound cool. Saying, a three-day work week is ridiculous. That is a four-day work week. I mean you can you can taste the blowhard like it's so stupid that half is just for the narrative, right? So that so yeah, because showing up that fourth day of the week is not a four-day work week, that's not afford it. Yeah, no. and our I'm sorry. What did you say? I have drilling fluids in my ears headline of the week, Elon musk's boring company, find nearly 500,000 dollars. After it dumped drilling fluids into Las Vegas manholes then feigned compliant and was caught doing it again. Yay. I mean, Jesus Christ. This guy. Every week, one of his companies is breaking and something. You know what? I, you know, what I'm I'm a little sad. We haven't had. A neural link headline in a while. Like they Were ship made. Someone kill someone or something like it's coming but it has happened yet. Give me some. I want to do just a couple Um, okay, ready. Yeah. In our In a poll of nearly 1,000 musicians back, pipes raided as difficult headline of the week. Yeah. Difficult future for Great Barrier, Reef under climate change, new model shows. Well, you really, you went for backpacks on that one. Well, I just like, like things that you would consider difficulty our bagpipes. Yes. Like the flute. Absolutely. Or like learning like Pro Adobe editing for a 70 millimeter film or something? That sounds difficult. Yeah. Things that I don't consider difficult or the future of the Great Barrier was, like, dire and horrible, not difficult, Bill Gates says, don't worry about it. in our, Elon Musk says, His robot is the only way to eliminate poverty. After he gets one trillion dollars headline of the week. Elon Musk says, Optimist will eliminate poverty in speech. After his one trillion, payback is a proved Elon Musk better. Be careful, right? Because depending on how they program, Optimus what if, what if Optimist determines based on its AI understanding of the world? That one way to eliminate poverty, would be to eliminate the wealth hoarders like Elon Musk, like what takes aim at? Because I was doing some work with Chachi Pete today. Try to understand that if we invested one trillion dollars, right? And you lie. It even if it had like a like a yield of like five to seven percent, something pretty low, I guess how we could fund anti-poverty programs and it sounds like especially like in the US. You could you could just solve poverty right there. Yeah. Right with? Yeah. With this I was invested in annually and and you contributed to, to anti-poverty, so he better be careful is what I'm saying. Well, the reason why I basically did not rewrite a headline, there is because the headline this headline was written by. I don't even know that. I'm so out of it, that I the both like, yeah, but it is a joke in and of itself, but inside, her left out the most important word because must did say, this is a quote at his annual general meeting. After he got awarded a trillion dollars that his robot was the quote, only way I heard that. I saw that the only poverty, can you imagine the only way? But it might not be because in our Elon Musk says, he's building a robot that could eliminate the bottom third of low income households. If you get five trillion headline of the week, yeah, Bank of America, nearly 1/3 of low income us, households are living paycheck to paycheck so this side rather than eliminating the wealth hoarders just Eliminate the poor and you've eliminated poverty. Well, I gotta tell you the way Doge Doge. Slashed, a lot of international Aid, right? That has already been attributed to killing people, elon's, buddy. Donald Trump is like, refusing to release full SNAP benefits. I mean, it's kind of what they're doing, right there? Yeah, their systematically kind of edging. Poor out of the world. Yeah. If not by helping them, if you're all dead. Yes. Did you don't have to help them anymore? Yeah. Oh you better cheer me up after that. Oh yeah. How about this one in our Elon Musk says that his next AI will get you a sandwich in a beer from the fridge and Promises not to talk about eliminating poverty during the football game. If he gets 10 trillion dollars headline of the week. Yeah, Elon boast. That, his AI can generate a beautiful woman saying I will always love you. I don't that's it. Well, I I don't understand that well like that's is this elon's understanding of like love and partnership? No, no, any chip. That is the whole thing. We have to ask Sergey and Larry Mark Zuckerberg Jeff Bezos because all they ever wanted was to just validated when they were 13 and have a beautiful woman of their dreams say they love them. Oh telling you the whole reason. Is this what? Jeff Bezos like shut down the city of Venice and made sure the whole world knew about it in 5000 headlines that he was getting married. Is that why? That's why? Because, and that's why you divorce, McKenzie, Scott. Because she's not, she's just the woman that you married. She is not the one with the fake. She must in the lips and the like, the whole thing. This is the whole. This is it, this is the whole reason, but the next love you. Yeah, next step is go. Get me a sandwich. Is that the next step is not the 13 year old boys dreams like isn't that the way that works? Yeah, unfortunately. All right, I'm gonna take over and unfortunately, I have more musk headlines for you. It's a big musk week. I mean, he, you know, a trillion dollar payout in our Is musk style, an acronym for greed headline of the week you can do the math. You know while it musk style greed acrisure yeah EV maker rivian gives CEO, a musk style pay package worth up to five billion dollars. Must style. Yeah. Musk's which means what like a basically. A failed EV company. Yeah. Company you buy from someone else. Call yourself. The founder of, you're really good at raising money and then you meme stock your way to. They're like package. They're barely have any market share. And did you see this? Yeah, they have. Like, they may or may not be better cars. I don't really know. Did you see The scene, the free float put out this oh yeah I did actually I got it sent to my inbox my email they so you can go to free flow LLC and sign up for it or free flow analytics.com and buy signing up for an account. There you get it for free too but in the scene it actually it pointed out that the operational goals they set for musk like the impossible operational goals. Are all there's there. They wrote Into the contract that if there's a covered event which includes government inaction or regulations, that don't allow them to market the way they want to market, then they can just say he hit the operational goals. That's even because because he has his own insiders working in Doge, maybe they can just make that happen. He can literally just call somebody and be like, tell me, I can't put out that ad and I've hit my operational goals as the retail best. There's a plot. Yeah. Then they get the retail investors can stand up and applaud fabulous. It's fabulous in our Is the joke that I agree with the greedy guy worth 160 billion dollars. Or that we all fell for warrants cuddly. Every man routine had line of the week. Warren Buffett takes aim at Elon musk's 1 trillion dollar. Tesla PayPal package. Ace investors says he says envy and greed walk hand in hand so he's falling out. Elon Musk for being created. Now how Much. Are you on here? Did you fall for? Did you fall for Warren? Being a regular Joe. Or do you agree with the greedy guy like does he get to call out? I'm just confused by this one. I did fall for it. Easy I almost did this one too because it is a, this is like a David Fincher movie or like it's like, it's making my head spin a little bad, I don't really know. A big comical that a guy with 160 billion dollars says to another guy with 500 billion dollars like you're greedy. Like, that's a guy here. A guy who can't really manage also to hand out the money through Charities, but gives it to his kids foundation, too. Like I, I don't really know in your warrant is the greatest marker and our ever Century right like ever really, ever so many people loved him and no one calls him greedy, but Elon gets a lot of shit. He eats delightful candies and drinks, drink soda, or whatever Coke and our Hey, Ma. The fake Economist wealth. What is saying something important? Turn your radio down headline of the week. Do you like that? Radio that this? He and his mother? They still listen to the radio like that. I love that, I love that AM radio or not. Sure exactly where they're from because that made me WSC, maybe the fan, I don't know, somewhere between Boston. Elon Musk warned, I love when. CEOs Warren, thank God they're musk warns, mum Donnie policies which haven't even been established yet, by the way, whatever, mum Donnie policies and low Universal income would trigger catastrophic decline in us living standards. Wow, this guy I didn't realize this guy was like a University of Chicago, trained Economist or something. This guy. I mean, it's impressive. I don't think you understand how bad it would be. Nice everybody made money. I love that. He's doing. He's doing all this work. You know, talking about the economy on policies that don't even exist yet. Like there's not fully flushed out. Look that's incredible. Mom. Donnie gives poor people money, right? A minimum Dignity of living, right? Like a free ride and a grocery store right now, Street to what 54th Street is that he does that. Yeah, they will not need an optimist robot and they're going to die. Oh, I didn't think about only way to keep the bus for that for that to happen. Hello, the trillion dollar payback is a 10-year vast, so but its mandate now is the mayor of New York is to help New Yorkers. And he you know, he was elected by a coalition of New Yorkers across all the boroughs and races and so it's like, how long should I wait? How long should you wait? Listen that sorry. Sorry. in our, College Dropout, you see the there's a lot of college dropouts going on a College. Dropout wealth, hoarding culture Destroyer. Wow, amazed. That Hollywood wardrobe department at a movie studio in operation since 1924. For a director whose films have been nominated for 40 Academy Awards. Had the non AI brainpower to look at a photograph of him. Headline of the week. I hate this guy. I'm sorry suck. I don't really like you Mark. Zuckerberg says The Social Network nailed his wardrobe every single shirt or fleece. They had in that movie is a shirt or fleets that I own, I Like I like simpleton. This guy is so it if you haven't seen the show from now, simple, that it is a fabulous movie. But, yeah, it looked, they looked at a photograph, they got it right, Matt. I would, I like, is they paid the director and the movie paid such attention to detail that they made? Sure everything is wardrobe was perfect and even Zuckerberg. But the thing they missed, if you asked Zuckerberg is, he didn't do it to get girls, like, he doesn't, you know, like, he's a movie. Yeah, this is a movie from Columbia Pictures by David Fincher, written by Aaron Sorkin. Another award winning writer literally like that you created Drake's, my favorite blow her. He thinks that he controls, you know, the trajectory of human intelligence. That's what he's praising the shirt, the shirt, right? Yeah, right. Sure what a water and, finally, in my section, and our another call Dropout in our College. Dropout says, humans are unique While his Ada AI design company proves, they aren't headline of the week. Oh, I kind of stumbled over there. I'm gonna say they're going College, Dropout says, humans are unique. While his AI design company proves, they aren't had learned of the week. Figma CEO says Charlie xcx's brat album. Cover is an example of why AI won't replace humans anytime soon, that's the The Fabulous College Dropout Dillon field who I? I'm just so glad that he's weighing in on this important matter. Right. I mean, why would a why would we think the AI is going to replace us, replace designers, right? He's running a he's running an AI design company but so he's covered. Yeah. It's like a very simple cover, right? It's a green cover. That just says, brat on it. Yeah. But now that that exists AI is probably already stable in it. And now, I mean, this guy, I mean, I just like that the college dropouts are here to like, kind of guide us there. Thank God, yeah. Thank God. Someone's guide and I love that. There's a network of like, creepy, heated. Peter tilian. VC, investors over there in the Silicon Valley, who are giving billions of dollars to these dropouts to help shape the future of our culture and our world. While we all sit back and and what, like scroll, like, Doom scroll through Instagram. Like, what are we look, if if they hadn't if these people hadn't pointed these things out, I would be happily listening to the album brat, wearing a fleece, riding on a free bus. I mean, I imagine the dystopia. That would have been horrible. That's true. All right. What do you got? A couple more to round us out and there's a, there's a little bit of a theme going on with the rest of you ready, penis? Joy. No, not happiness. In our Jamie dimon says he never shits at work. His bathroom door doesn't have a handle headline of the week. Jamie dimon shares. Why he never reads text messages at work? I don't have notifications. Oh, I think I think you're wrong about that. I think he probably has an what an amazing private bathroom. Like one of the greatest private bathrooms in the history of the world, you think so? Yes. Absolutely. What percentage of of CEOs, do you think? Should it work 100s? Because I think they all exactly. They have the dream that we all wish for. When we worked in Corporate America, it's a private bath and that's the dream, just your own private gilded bathroom, right? Maybe that's why they don't want us to have free bus rides because they might have to share a bathroom. But because if there might be taxed enough, I should bathroom, people are always busy comparing like Europe to America. The only thing that matters is this is the only, the only thing that your opinions are better at us. Is this is that they have designed into a bathrooms in public spaces with full doors that go from the ceiling to the floor that lock. That's the only thing they got better. That's what they did. That was not like weird gaps. Not like yes they just doors. I love the doors. In our Jamie dimon says, you see the pattern here? Jamie dimon says, he never tokenized his deposit, interoperability at work. He doesn't have the app headline of the week. Yeah. JP Morgan and DBS. Explorer tokenized deposit, interoperability in quest. For multi-bank framework. Did you just make that up? This is a real headline. I I read this headline and I only chose it because I have no fucking idea what it says. This is, that sounds like every Eric Trump headline. He's always talking about, like, yeah, some tokens and Crips. Like you think Jamie Diamond somewhere has any idea what tokenized a positive interoperability multi-bank Frameworks. Actually, what that means isn't that just Transferring like well using blockchain to transfer deposit accounts between Banks, but they have a fight it. They have to write it in a way that literally impossible for anyone to understand. Oh, yeah. All I know. I don't like it. All right, this one. Just bear with me, there's nothing. I'm gonna, I'm gonna stick with this one in our At just Capital. Yeah, just come. We strive to Foster an economy and society that works for a Verizon. I mean everyone. Yes, everyone not just for Verizon well maybe mostly Verizon Verizon ranks 17th in our top. 100 rankings. She's weird because we're here to help everyone. Not just Verizon headline of the week, I'm confused. Yeah, just Capital strengthens board of directors with six strategic appointments. Wait, what do you mean? What's going on here? They so just capital is, if is a non-profit, founded, by Paul Tudor, Jones forth or whatever, he was the basis for the Led Zeppelin for Led Zeppelin? No, not at all. Um, they added six directors to the board. Now, the board has three people. On their board from Verizon Dan Schulman. Who's the new CEO of Verizon? Yes, was the CEO of PayPal laxman narasimhan who's on the board of Verizon and Friends paschke, who's the an Executive Vice President at Verizon not to mention the fact that another guy on the board came from PayPal a new one. In the new guys with Dan Schulman worked at PayPal. So just capital Has. I'm not kidding. This is all real. This is just Capital board. This is the just Capital board just about ranking companies on like do the best for like society and like they're great. They're great and there's Verizon as their and pool. Yeah. Not only that we just talked about in our proxy countdown and three Patricia Russo and Mark Weinberger As two of the most connected directors in the entire us board ecosystem, both of whom are on this board. I don't understand what happened when we decided that a non-profit Foundation, whose job it is to, this is a quote Foster and economy in society. That works for everyone. Shows mostly Verizon PayPal and the most connected directors on Earth. To represent everyone. It makes no sense. I don't I saw that you. He's a cheese. The chair. He's the chair. He's the chair of that board. He's a chair. Yeah. Wow. It's quite the board. We actually know a person on that board. Who's a our boy Roosevelt Childs? He's a real. He's a, he's a legit human. I love that dude. Abigail but Disney board America? Yeah, she was on the board. Yeah, there's just people that's just weird. So obviously people I don't understand. Obviously there was, was there a cash injection from Verizon to just I mean there must have been a cash. I don't know how he gets some of that cash. I'll take some Verizon. I don't know. I don't know. Yeah. In our ISS and glass Lewis reported. It was just a coincidence that they are targeting an individual director, whose job is diversity and not the CEO or chair, who is the longest tenured and that, no, it had nothing to do with getting rid of the white guy on the logo thing. This is just about Merit headline of the week. What's going on? Proxy, firms, recommending Cracker, Barrel director, but not the CEO. Okay, who are we targeting here? There are targeting. The one director, I put I put that away his name. I don't remember where I put it. The one directors. There it is Gilbert Davila. Oh yeah, his whole job. His job is firm. Does diversity search. We talked about him. Yeah. That's the one director that the proxy advisors said they should vote out. A Dei specialist is what he's being referred to. He he literally is like that makes sense, right? But what is Lewis and ISS why are they weigh? I get the data, I get like the New York Post and Robbie Starbucks would want that I know idea what's going on like anymore. According to the data is like 7% influence, he's not like an important powerful guy. His his only thing is that he's a Dei specialist. They didn't Target the longest tenure, or who happens to be the chair. They didn't Target the CEO who made the decision to do the logo. They targeted. The person of color who specializes in Dei. As the person to vote out. That's that's going on. I love that we can like, pin this on one brown guy though. Thank God. I'm just like, again, like I the political theater of it, like, I'm not, I'm okay, if that's like the Robbie Starbucks or like, you know? Whoever Fox Business is targeting him, but glass Lewis, glasses and ISS. I mean they're shooting against anybody but they're going to get some guy. There should be like a pretty substantial list of objective reasoning behind this, right? Why they should be announcing the objective reasoning. Why they're keeping everybody else and why they're targeting him, right? I mean otherwise It's just a bunch of nonsense, right? Am I wrong? This is this is on the back of an activist shareholder. Who is pushing to fire as a CEO and remove this guy. Oh, so it's a deal. Get rid of the, get rid of the brown person, okay? And the only one that they said to get rid of, was not the CEO was never forget what's not forget. The Cracker Barrel has been failing as a corporation long before this whole sign thing happened. It's been failing for a decade. Yeah. Because no one eats there and you're not gonna keep eating there now, just because they still have the same grease because 2025 and meatloaf still sucks, right? Like we don't need it, even get a chance to change the signs. Or was it did they actually physically change? The signs are just announced, I drove by one. I didn't have the white guy on it but it wasn't the sign in the top of the store. It was like at the entrance and I like this. Yeah. I wonder if the Silver Lining here is that they did replace the signs. And at least when they they put the old signs back in, they have You were clean ones. They like actually not the old greasy disgusting. They're using one dead flies. All you think, okay. About. Our announces, he's launched a new campaign against the Lincoln Memorial. Oh no, after discovering a black man, may have been hired over a white man for a job once headline of the week. Abraham Lincoln wrote a job reference for a black friend and 1861, it's on with the president for Library Museum. The first year, I hire maybe right. That's a Robbie Starbucks. Where are you buddy? Like I don't What why are we not? You know, basically knocking down the Lincoln Memorial because it's you know it's a Dei Monument. Now I mean there really is no joke there because there was a article in Time Magazine. The headline, male drivers Sue Uber and Lyft over women only ride hailing So, and the reason why there they wanted to have women, only ride-hailing at these at these companies because the there's just a man, kept assaulting the way. There's just a huge unfortunate, horrible problem with assault and in these and that they've known about it for years and haven't really haven't saw the problem. And there they calling that they're suggesting. It's violating sex discrimination laws. I mean the whole we're just in a batshit crazy like I hope the elections last week. Also featured in the scene was some of the All-Stars. From last week's election part of this, you know, auntie auntie Dei wave. That went on in America last week, I hope that we're going to see the beginning of the end to some of this, some of this ride, Robbie Starbucks nonsense. Now that he's at meta working at meta platforms. Maybe he's gonna go away or something question. Do if I get a massage and ask for a woman to do it? Is that sexist against? And now, you're just being dumb. I just sound like one of these CEOs who's still in Middle School? Speaking of CEOs. Yeah, let's finish up here. Oh yeah, finishing, we're done in our Robbie Starbucks. Announces. He's launched a new campaign against CEOs who used the Wii pronoun? When apologizing. Yeah saying it unfairly discriminates against white men who do nothing wrong. Oh instead he prefers CEO CEOs use they them when apologizing. Okay. CEOs. This is the headline CEOs. Don't use Wii when apologizing. That's yeah, they want to use. I not we write. I know they want them to use I. But that seems discriminatory since 95% of CEOs are men, doesn't that mean like taking personal responsibility discriminates against men? Yes. Because like, no women's taking responsibility for the failings of the male CEOs. So it's not the CEOs that fails the ESG data. So that's what's happening. Oh, proposals and ESG data. That's it. That's a little rolly or Damien. His mommy called that. I am your analyst told me to start. We are on. Yeah, that's it. Come back on Friday. When we wrap up the week, There's a shareholder Primacy coming on Wednesday. She go get that podcast. That's not us. I don't have to listen to us like, Anne, who are there more Regal. They're always like, in the New York Times. Yeah. And was just stated by Matt Levine and his wife. We made recently to Fortune to the, to the London times, but we don't get the New York there. Yeah. They're like Wall Street Journal and we're like Fortune. That's that's the yeah that's that's the Gap. Come back later until then good. Bye.