4.2 • 7.1K Ratings
🗓️ 18 August 2023
⏱️ 90 minutes
🧾️ Download transcript
(0:00) Sacks' big night
(2:56) Sacks on spirits
(14:27) "Rich Men North of Richmond" goes viral and debuts at #1 on Apple Music, upward mobility issues in America, solutions
(53:01) Michael Burry's bet against the market: overblown?
(58:33) Real estate capital crunch
(1:12:26) Trump's newest indictment
(1:23:31) What Adyen's big drop means for Stripe's valuation
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Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://www.azlyrics.com/lyrics/oliveranthony/richmennorthofrichmond.html
https://ricochet.com/942803/qotd-solzhenitsyn-on-the-liars
https://www.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html
https://fred.stlouisfed.org/series/MORTGAGE30US
https://twitter.com/rothcre/status/1691910066952351963
https://twitter.com/chamath/status/1691789175786246246
https://d3i6fh83elv35t.cloudfront.net/static/2023/08/CRIMINAL-INDICTMENT-Trump-Fulton-County-GA.pdf
https://www.lawfaremedia.org/article/what-the-heck-happened-in-coffee-county-georgia
Click on a timestamp to play from that location
0:00.0 | My god sacks looks like I got hit by a match rock you okay little fella whoo whoo whoo how long were you out last night? |
0:05.8 | So you see this message. I got the text messages |
0:10.5 | I was like what the fuck is going on? |
0:12.0 | I got to get back to the United States time stamp one thirty nine a.m. Pacific |
0:18.1 | I'm still out drinking tonight. There's no way I'm making nine a.m. I'll do 10 a.m. to noon |
0:23.5 | This is sacks the negotiation has begun and I'm waking up |
0:27.4 | It's my last day on the boat. I'm trying to get off the boat in a reasonable manner |
0:30.8 | And that's the first text message again. That's the first text that's six minutes later |
0:35.4 | Drake just came in better make it a lot |
0:37.7 | I |
0:56.0 | Do you want to tell you the story? So the thing I would compare it to is do you remember that episode of Seinfeld where |
1:01.8 | Kastanza stumbles onto the model bar, you know |
1:06.4 | He finds the place that all the supermiles are hanging out and he calls it Shanger Law because it's like this mythical place |
1:12.2 | And he spends the rest of his life trying to find Shanger Law again. We can never find it. Yes |
1:17.3 | That was you last night in LA. Well, so we were just out having a few drinks at this private club |
1:22.9 | That's a new in town. This is me and you know my whack-pack and the room is it's just you know a few of us having drinks |
1:30.0 | I'm sorry who who is your whack-pack? We can bleep out these |
1:35.4 | Yeah, yeah, yeah, he's not gonna be a player. It's like you rolls it with six people |
1:39.7 | What percentage of the payroll to our percentage or are your friends? Yes |
1:45.3 | He's gonna calculation about I guess about half |
1:48.8 | Receives some sort of monetary payment for me. No, I'm a George Rect employee somewhere vendors |
1:53.8 | Come revenge. Okay, got it |
... |
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