Allright, we'relive.Sean, I've got a story for you and thisstory, I'm gonna take a weird take on this I have a weird take on this and I'm gonna appeal to all the young single men outthere.
Allright, this is your specialty young single man Allright, listen the story is about EdThorpe.
Have you ever heard that name EdThorpe?
Sounds like aswimmer.No, it does sound like aswimmer, but he's not so Ed Thorpe I'm reading his biography called Man for AllMarkets.
So Ed Thorpetoday. He's91.
So what does thatmean? He's born in the 1940s 1930s Ed Thorpe he grew up as a math whizkid.
He was like a Prodigy at a young age grew up in a very poor household didn't have a lot of money But as a young kid when he was like 12 and 13 years old He got moved up a bunch of grades and he took a bunch of standardized tests and at the time when he lived in California He got something like the highest scores in California for high schoolers when he was like 13 years old and at the time They didn't havecalculators, but they had like little counting devices and he would take these tests without these counting devices Because he couldn't afford them and he still crushedit.
He killed it So eventually Ed Thorpe he gets a scholarship to Berkeley and then he goes to UCLA where he gets his PhD in mathematics and He becomes a professor and he starts going down this track where he's in his 30s and he's this brilliant professor and whatever But then he does something interesting He gets interested in applying his theories to real life situations because he's like reading these academic papers And he's like this is cool and all but we got to apply this stuff and his specialty was probability and statistics And he got super interested in how he could use his theories to beat blackjackOh, this is the gamblingguy.
I saw this guy on TimFerriss.
So this guy's interesting It's because he's done so much more than just these few little stories him gonna tell But basically you could actually verify this blackjack is what51% chance the house is gonna win Is thatright?
Is it like51? 51.52 something likethat.
Yeah, so it's a small Margin but back in the 60s when he was kind of getting going He had this theory where he thought that if he saw the the cards on the table He could have a higher probability of getting 21 because he basically could count cards changing the ratio of51% in the Users Perspective so he was51% chance of winning the house was49% chance So he creates this paper where he explains all of this and inevitably people are likeMan, this is just some academictheory.
There's no way that you're gonna be able to do this and So Thorpe is is is a fun guy and he's like we got to prove it So he builds out this blackjack table at his house and he gets his wife to smoke cigarettes and blow cigarettes smoke into his face While she's talking to him and like annoying him and then he has friends come over who like are drinking alcohol and like Young in his face as if he's out of casino to distract him and he spends a handful of months doing this and it starts working He's like I think this actually canwork.
I think I can do this and he publishes this paper and all these people reach out He gets hundreds of letters But eventually he gets those one letter from this guy named Mani and Mani He doesn't really know it at thetime, but after a while Ed kind of realizes that Mani is basically in the mob He helped make bootlegging a thing in the 20s when alcohol is illegal and Mani goes hey Ed Let's see if you can actually pull thisoff.
I'm gonna front you 10 grand and we're gonna split the winnings 10 grand at the time the 60s is something like 80 grand So it was a lot of money particularly for a professor who's making the equivalent of 100 150,000 dollars back then and so they go and they spend this week this weekend at a casino in Las Vegas And they make $11,000 in profit and Ed's like holy moly this thing works But he doesn't really want to become like totally a professionalgambler, but he's really interested in proving his theories and He eventually he writes a book on this and if you google Ed Thor blackjack book he wrote this book at the 60s that was a massive hit And to head to Ed this was all just a big like fun game a way to like prove that his research wasn't just academic But it could actually be used and this book was a massive hit and it was one of the first times that academic research was like used in real life And it went straight to the masses as opposed to him publishing more papers But this met now that he was known in the casino world and the casino world back then Vegas was just getting going and so it was small enough that they all the casinos could know what Ed looked like And all the dealers would know what he looks like and what his name is and so he eventually goes back at every handful of weekends And he has to wear disguise and he's but he still sends up ends up cleaning them all out And next he goes well blackjack wascool.
Let's see if I can do this with roulette Allright, let's take a quick break I gotta tell you ever seen those Coachella posters where it's got all the artists names and you're like Oh mygod,wow, they got you know friend again and scrillex and this That's what the hub spot inbound conference looks like this listen to the speaker list up They have I don't know how they pull this off but look at listen to this Ryan Reynolds Serena Williams Kara Swisher Matt Wolf darmash they got Brian Halle they got tons of good speakers at hub slots inbound It's comingup.
It's September 18th to the20th.
It's live in Boston And it's where you go if you want to learn marketing sales AI trends You want to know where the puck is going so that you can be there before everybody else tons of great talks on stage where you're going to learn sales strategies and proven marketing tactics But also the networking where you get to meet other people and understand What are other people in the industrydoing?
How are other people gettingahead?
So check it out go to inbound.com to see the lineup and grab your tickets today And so he goes you know roulette is a little bit Unlike blackjack where I don't even know if there is necessarily at least it doesn't appear So there's a lot of skill because it's all like where the ball lands on the spinning wheel But he asked this weird theory that if he can see if he can like quickly count How fast the wheel is going and where the ball starts and where it hits the wheel Somehow he's able to calculate51% in his odds where the ball is going to land and this sounds like a crazyidea,right?
I mean that just sounds Impossible to me as somebody who has spent a lot of time at roulette wheel Being able to figure out while the wheel is turning Where the ball is going to land and it I mean when the ball hits it bounces like in a random direction based on the spin and the speed and everything Like for somebody to do that in their head would be I'd have to see that to believe that It soundsimpossible,right?
And that's what interested him is he was a master and he was really fascinated with the game of proving his theories correctly And so what he did was he took a small Computer and he basically assembled a small computer and the way it worked is he would have a two person team And so he would be at the table placing the pet and he had to have two people on the side And they have these little small computers and they had little buttons in their shoes And they would calculate where they thought the ball was going to roll to and they would tap their feet in order to keep the cadence of the wheel And it would help him predict where the ball was going to go and that music the the taps It kind of sounded like music would go into his his earpiece that he was wearing and he would make a bet And this was actually the world's firstwearable, you know like an iPhone or like like an iWatch as a wearable This was the world's first wearable and it worked and he killed it He made a lot of money and he wrote a book on this he did it again But now we're going to fast forward to him ten years doing these experiments He's got some money Something like a hundred thousand dollars at thetime, which was a lot of money for a professor And he needs to invest his money because he just doesn't want it sitting there And so he spends a few months learning everything he can about investing basically just reading books He just read lots of books and as he said he wanted to understand the math behind all of this and So he starts investing in publicly traded companies and he loses a lot of money at first He said I had to pay my tuition to mr Money marked it because it gets a lot of it wrong But then he discovers discovers options and this part is a bit out of my expertise to explain how he does this But it involves both shorting a company and buying the company's actual stock So predicting the company's stock is going to go down while buying the stock But in doing that he studied the the option that he was going to purchase as well as the current stock price And in doing that he was able to hedge it so he would only lose a little bit of amount of money But make a whole bunch of money and for him He actually didn't look at any of the stock information as in what the company was selling So you know you have guys who like you value investing and they're like well I think that those brand is undervalued that wasn'thim.
It was all just a math game to him But after a year or two it starts working and he starts making a little bit of money And so now we're in the 70s and there's another professor at his university who starts hearing that ed is now investing in stocks And he's doing quitewell.
He's telling some of hisco-workers.
He's like I might make more of my more than my salary this yearinvesting.
It's going quite well And so one of his professors has invested his money the professors money in the small little fun called buffet associates And of course it was run by this guy Warren Buffett out of Omaha And this professor was like hey this guy who I invested in warm He's gonna wind down hisfun.
He's crushed it for me But he just wrote this letter saying he can't find any more good deals Which in the 70s Buffett actually paused investing for like five years He didn't want to invest because he's like I can't find any good deals right now I'm just gonna sit and donothing.
I'm gonna wind down my fun And the professor goes hey look This guy's running down his fun Why don't you you know he's got some freetime.
I'm friendly with him I'm gonna invite him over to myhouse.
I'll invite you over and we'll just shoot the shit And maybe you'll have a new friend in the investing industry because you don't really know Anyone else doingthis.
I'll help make the introduction Buffett comes over for dinner and Ed Thorpe and him get along beautifully hand in hand like pots and pans They're really close They become great friends and they love hanging out that day And a few weeks after the dinner the professor goes hey look Ed I was kind of testingyou.
I kind of wanted Warren to like Sit like kind of see what's up withyou.
He gave he gave his thumbs up He said you're really smart and that your ideas are good Can I take this money that I got back from Warren Buffett and give it to you to invest and it's like Taking other people'smoney.
That's not really what I've beendoing.
I've just been doing this for my own If you guess I'll try it and so he teams up with another guy and they raise something like five million dollars over the course of six months And they have Buffett stamp of approval and so they start basically one of the very first hedge ones ever and particularly a He's a quant which is commonnowadays, but Ed Thorpe was the first quant where he didn't really look at the companies He just looked at the numbers and he killed it So over the course of 30 years he made something like 20 to 25 percent per year Which ismassive.
I don't know what is Buffett made you know probably something like that but over the course of Buffett is like20.
Yeah, it's like 20 but over the course of like 60years.
Yeah, yeah for a lot longer And so Ed Thorpe basically invented counting cards with Blackjack and then made a book on it He invented this roulette game and the world's first wearable which all of these things by the way eventually became illegal They weren't illegal or I don't know if it's illegal or against the rules But they basically are banned in casinos because of him And he parlayed all of this learning and all this experience into creating the world's first hedge fund and becoming the one the first quants And he knocks it out the park the guy kills that I think he made something like 800 million dollars and then eventually fast forward to today Or at more like 2005 he shuts down his fun because he's like I haveenough.
I don't needanymore. This has been fun while it lasted I'mout.
He's one of the few guys to just be winning and he just says that'senough.
I'm done So he completely shuts itdown.
So now he's 92 yearsold.
He still does push-ups and pull-ups He's really intofitness.
He does not look90. I saw him on the Tim Ferriss podcast I can't have been that longago.
He was 89 then on the Tim Ferriss podcast like he looks honestly like somebody's early 60s He looksgreat.
Yeah, and here's the part where I promise I'm gonna try and weave this into advice to the young man Ed Thorpe is so fascinating to me and the reason he's fascinating to me is because I don't know if you'll admit to this You probably will if you didit.
Did you ever read that book thegame?
Did you ever read like books on like how to meetwomen?
Not only did I read the game Not only did my girlfriend in high school buy the game for me before I went to college as a goodbye gift Was that her breakupgift?
We're not gonna staytogether.
We're not gonna staytogether, but let me help you out here Not only do those two things happen Two nights ago I reread the game and I'm a married man I reread the game because I was like that book was amazing back then I wanted to learn the style ofit.
I was like what was great about thatbook?
So I went back and I reread it two nightsago.
So it'scrazy. You brought it up So that's a greatbook.
So anyone most men in their in their 30s nowadays probably read that when they're 14 It was like the Bible because all of us nerds are like I test really one of you love how do I be love whatever and there was a lot of bullshit in that book Brother number of times I use the cube test like there's not a one-on-one do campus that didn't get the cube test for me Which one was the cubetest?
It's like a cold read where you're like I want you to close your eyes imagine the cube It's it's in floating in thedesert.
How big is the cube if they say it'sbig?
They're self-confident if they say it's small they have no we go is the cube see through is itcolored?
Oh, it's it's kind of see-throughWell, you you don't let people ineasily, but when you do you really do connect with people at a deep levelOh, that's so me and then you just go on so on and so forth about their relationships and about their way they view the world and by the end of it They're like this guy This guy's gonna be the friend zone is really what happened tome, but just I think for better looking people We probably work better than that They are like a cat and you're just holding a string just like trying to entertain them and they're like yeah I'm done withyou.
That's another thing in the cat stringtheory.
That's actually another principle they haveWell, then this is where it gets really nerdy But one of the parts of that book and that whole movement there was a lot of bullshit in that book and then that movementUm, but one of the parts that I always took the heart Was the best way to attract others both men and women is to be an interesting person And what that means is basically People like ambitious people and being passionate about hobbies is under that umbrella of being ambitious And I remember as a kid I love that because I'm like wait You're telling me I could just like work on myself and I'll attract others That sounds like the greatest thing ever and and and I believe it to be true As I've gotten older I've noticed I've gotten less interesting and the reason I've gotten less interesting There's a few reasons there the first is that I've developed higher expectations towards most things that I do Orrather, I've just developed expectations as opposed to just doing something just for fun Like you do thing as a kid just because you'reintrigued, you know Like I don't know where this is gonnago, but I'm just gonna I'm just gonna follow it Whereas now there's expectations for everything that I do and I want to have I'm a little bit more interested in the outcome The other thing that I've noticed lately about me and why I've become less interesting is because I've been distracted with social media Just like how you're typing right now as I'm talking to you It's so much easier to be distracted nowadays with Twitter and Slack and email and text I find myself getting so distracted and so I don't have a significant amount of like deep thought or like going deep on something It's more so like I'm being on the defense where people throw information at me And I react to it as opposed to like spending time pursuing something that interests me just because it interests me And so The reason why I'd thought the reason why I like reading about him and particularly for young men listening is He's kind of inspired me to just pursue more hobbies just for the sake of learning and here's an example When he was developing his roulette game He basically went and bought all the roulette table at auction for like $500 And he just sat at home in the evening with his wife and they're likehey, let's just see if we can like count this game It was almost like what's that one get board game called settlers of cattonyeah, you know how like people just like get into that random stuff And they're like let's just see if we can master thisgame.
It sounds fun And that's exactly how it started with him a lot of these things that became massive outcomes for him They were just like interesting little hobbies for him and they started very rudimentary have you ever read about doctor RichardFeynman?
Of course So Feynman was one of the guys who was important for a variety of reasons including Helping make the atomic bomb and all these things and he had little like weird things about him where it's like Why can dogs smell sogood?
He's likewell, I asked myself that and then I just Will put my head close to the floor and I notice I can smell things on the floor and like that's like like it's like Really simple ways to like through or disprove a theory where you start out like very basic principles and you're like Let's just see if thisworks, you know Justin Kahn used to call himself But he had some tagline for himself when he was makingcontent.
He used to say hey It's me Justin your favorite founders favorite founder and that was like how you always talked about episodes your favorite founders favorite founder And I feel like Feynman is kind ofthat.
It's like your favorite gurus favorite guru or your favorite thinkers favorite thinker It's like everybody who you love their thoughts they love Feynman and the Feynman technique And they love all the Feynman's books and hiswritings.
However do you respect respectsFeynman?
Yeah, I think Tim Ferris is holding companies called Feynman Inc or something like that Did that's actually genius to just be like yeah Feynman and Ferris associatesYeah, with them just likeoh,yes, this is the purine muskconsultancy.
Well, how can I helpyou?
Yeah, just like borrow from their credibility But there's guys like Feynman and Ed Thorpe is now in that sphere Where they just get interested in some things that seem so silly and they do it at a very rudimentary level and it goes From level to level to level tolevel, but it starts at level one You know who's exactly like this JacksonSmith.
Jackson Smith is likethat.
Yeah, Jackson Smith is who he's one of these guys Jack is a buddy ofours.
You're really good friends with them I think you've known him for a lot longer than than I have But he is such an interestingguy.
He builtcompanies. He's so built a company called vungal sold it His whole origin story was one of the very first podcasts on this that feeds If you go back Jack was in there and he talked about you know when he was a high schooler What he was doing flipping things on eBay and then how he hacked his way into an accelerator Then once he was in the accelerator how he figured out this ad tech company how the experts told him There's no way son you don't understand how the ad businessworks.
He's likeyeah, that's my strength I don't understand how this works so when I approach it It's I'm gonna approach it differently and what he did was the whole the way the whole ad industry work It was all based on cpm impressions So it's a billboard how many people are gonna see thisbillboard?
That's how I charge you and he's like well That's kind of stupid if I wasadvertising.
I don't want people to see it I want people to buy for me or I want people to download myapp.
I want the action So what if we just paid for the action and it became cpa instead of cpm And so he reinvented in a way That's a little bitgenerous.
I would say there's other people doing this But jack and his co founder created vongol sold it for $700 million and it was really based around this mobile gaming ad network That was gonna do things a little differently the way other people were doing them He sold it for 750 million when he was 29 years old like crazy stuff and for example Like in thinking from firstprinciple.
So like what should the ad be everybody else did videoads?
And so you would be playing a game It would stop a video would take over the screen and it would be a video commercial and then you'd be like I wouldn't when can I click thex?
So I can get back to playing a game and what jack realized was he's like well the best way to advertise a game Is actually just play the game for asecond?
Oh, it's it's about shooting the ball into this hoopWell, like let them try to shoot a couple times They miss and they want to make it and they make it and then now they got a sample So they created an ad unit that was just a mini version of the game that worked way better than the video ad And it was again many times over of just thinking from firstprinciples.
How could I dothis? But now since selling the company he had his Thorpe enough moment where he did not need to go create another company And instead got really into otherthings.
He'slike, youknow, I need to buy an office chair He goes and he looks kind ofuninspired.
He's like well certainly There's been some studies on the best way to sit So what is the best way to sit and he'll go and he'll read research papers about the rest way to sit And he'll test chairs and he ultimately ends up building this crazy ergonomic chair himself in his garage over the period of about six or eight months Did you see thechair?
It looks like a dentist chair He's laying down in this crazy position and it's like a a work chair But at any time if you ask him like hey jack what do you have twonowadays?
He felt zero pressure or at least Caved to zero of the pressure of having some important sounding answer Because he just did what was important to him rather than what sounded important toothers.
So he'd be likeUm, just you know just messing around you likenow.
What does that mean like what do you do every dayjack?
He's likewell, I'm really working on trying to build achair.
Youknow, I got really interesting chairs and you know sitting It's a sit for six hours a day and I just thoughtwell, why don't I sit in a better chair and so I can start researching chairs So I've got 52 chairs and I've been testing them and then I've decided to build my own this the best of each of these That's what he'll do for one year and then actually he'll do something completely different just off of his curiosity And the cake one year for his birthday the cake that his wife made for him at his party was shaped like an Amazon box Because he'd orders so many chairs or so many whatever things that he's interested in That he had a room in his home just dedicated to all theboxes.
Yeah, he had a small like FBA fulfilled by Amazon Facility in his in his pantry just to test out every single product and at one point they banned him on Amazon They banned him on Amazon for returning too much stuff because he would buy all this stuff to test it out Butyeah, Jack is perfectly like that But does this resonate with you where you're like I need to just pursue more things without having in big outcome In mind we have been talking aton, but that's become the theme of my I don't know the last 12 15 months orso.
I heard this quote of all said this thing on some podcast and he goes Too many of us live where we're doing things today for some future Reward some futurepayoff.
I'm not doing what I want to be doing now But I'm putting in the time I'm putting in the work and putting in there for some future payoff It goes that'sunderstandable.
We all start there He'slike, but the day you start doing things where the the thing you're doing and in of itself is the reward That's the day you've retired people think retirement is when you stop working you go sit down you chill you do nothing It's not that you donothing.
It's that you do the things you want to do because the act of doing them itself is the payoff and you're not sure there might be some upside in thefuture, but that's not why you did it and When I heard that I was likeOkay, that's what I need to bedoing.
I don't know how I'm gonna get there And I've many times had little detours off of that where I start to do something opportunistic because oh It's gonna pay off in the future But I've just continued to bring myself back to that that moment which was I want this next chapter of my life to be all about I'm doing things where the only criteria is the act of doing it Has to be rewarding enough for it to have been worth it And that one criteria eliminates like98% of the possible things I want to do because if I'm honest with myself And I saywell, why do I want to dothis?
It's because it might make a bunch of money or it might pay off in this thing later It doesn't it might it could be businessrelated.
It could be relationships related It could be a why do I want to meet this person or go to thisevent?
Oh because it might lead tosomething.
I don't know I'm only going to this event if the event itself is the payoff I'm only hanging out with this person if the hang out is the payoff not because it's gonna lead to something else It can be but did you determine what thatis?
Do youdetermine? Haveyou?
Well, what I realized that's actually really hard is figuring out what the play is what I realize is it's less of a thing So I thought like you're just asking me thisquestion.
I thought it's athing. I got to find my thing my new thing That's the thing I just love to do and I'm doing it for the sake of doing it What I realize is it's fundamentallydifferent.
It's not athing. It's a approach and it's a filter And so actually it's a question that I ask at the beginning of any Anything I'm going to do thatday, which is am I doing this for some deferred payoff some deferred benefits or am I doing this because I actually enjoy doing this And so it changed the way I did everything so for example with my workouts There was a version of workouts that I did because Whatever just just bite bite the bullet just do this and you're gonna it'll pay off later when you get fit versusWell, why don't I just do workouts that the workout itself is sosatisfying?
Of course if I do that I'm gonna do it moreoften.
I'm gonna do it with my full effort And I'm gonna still get the reward in the end So I started working with this like boxing coach or playing basketball different things that I wasn't doing before Because I was willing to settle for Doing something that today kind of sucks But in the future maybe it's gonna turn out great And I realized I had lived basically like 35 years of my life with the this kind of sucks now Butoh, it's gonna it's all gonna pay off in the end I realized it's a falsechoice.
You don't have to do that You can just filter every activity on is the act of doing this gonna be worth it Even if it's challenging it doesn't mean everything is so happy But is the act of doing this the reward or am I doing this only for some futurepayoff?
So it became a a filtering criteria and not a one thing so for example I told you I was reading the book the game the other day Why did I dothat?
I was reading a book in the middle of the day Especially an old book that I'd already read before that had no relevance to me because I'm not trying to be a Pickup artist or or hit on womenanymore,right?
That's not what I was doing But it was the thing I was most interested in that moment And so I did it because the act of doing it was the reward because I was most interested in it And I've done that with other hobbies like picked up playing the piano and I started doing other things That are all falling into this bucket And I've never been so you can hear it in my voice I've never been so switched on after making this sort of shift in the way I Chose what to work on And that's a very I'm gonna say the P word I was a very privileged way to go about it Which is if you hit the lottery like maybe we have or I mean we've worked hard But we've got lucky as well where that's a very privileged way to go about it And so I do think you have to eat shit for a certain period of time and also get some luck butYeah, I'm very drawn to this way ofliving.
I'm not sure that that'strue.
It's100%true. The reason I say that is First Whenever somebody calls meprivilege.
I'm like that's a compliment I think they they mean it as an insult they people use it as an egg not you in this case But I'm saying most people if you call someone privilege you try to tear them down I want my life to be described as one ofprivilege.
That's the point You're giving me acompliment.
That's like saying wow you're really good at this This comes effortlessly to you or whatever I want my life to be described that way that is a goal of mine And I just mean that because most people will treat that as a negative and that they try to make themselves smaller Right so a little bit of like the tall poppy syndrome where If you have the freedom to do something And you are not doing it because you're worried about how it looks or how it sounds or how it others don't have that privilege You're a waste to yourprivilege.
I think that's a badthing.
Let me answer the other part which is I would say that the most successful project I've ever done More than any of the companies ever built or any job I ever had has been this this podcast this podcast from a Usage like people listen to this they likeit.
So customers are happiest financially It's very lucrative product that forwards a very good lifestyle But also just the in my enjoyment ofit.
They act of doingit. I don't do this episode So for some future payoff I do this episode because it's going to be fun to do I enjoy this conversation with this conversation enough by the time we click stop I've got my pay off And when I started the podcast I literally wrote down that I'm going to lose money doing this That I expect that nobody will listen to this and I'm going to do it anyways because it'll be so fun to record these episodes talking to interesting people And learning that it will make it worth it and I wrote down I have this GoogleDoc.
I'll share it It says my forecast as I will lose $10,000 a year doing this My forecast is that really nobody but my mom is going to listen to this thing and it's still worth doing What were the otherpredictions?
So I got into this position because I made a choice like that four years ago Right like that that and so I don't think I also thought well you got to eat shit for a while before you get to go do the fun things I don't believe that that's actuallytrue.
I know a lot of people think aboutit.
Let's say you're a 40-year-old landscaper One way kids It is one way to do things I know a bunch of engineers who work on projects that they are personally interested in they build Personal projects and one goes kind of nowhere two goes kind of nowhere But it doesn't matter they're building up theirskills.
They're having fun doing it And sure enough by the third the fourth the fifth either they built up skills where they're a highly valuable person That gets brought into a project that's already working and they get paid handsomely for it or They're one of their projects takes off But the whole time they were just doing the thing that they really like to do I think that there is one way to win which is grind and eat shit and Pay your dues work up the ladder pick whichever cliche you want and that is a way to win I know several people that from the beginning they were driven by working on the things that were interesting to them Like any in the work type of guy right And when they when they're working on things that were interesting it led to good outcomes because when you work on things that are interesting You work on it longer harder than than a person who's just doing it for a reward You get better at it and when you get really good at something that's when the payoffs tend to comeWell, I believe that can be true and also it can be true that it's more challenging logistically for certain people for example You're a blue collar labor with three kids at 40 years old you work from 6a.m.
To 7p.m. And you're like there's just no time and I just got to pay thebills.
I do think that It's just more challenging for many of the people listening right now I believe you are Totallyright, which is we probably have a lot of college educated particularly college aged kids who don't have Too much responsibility and they should lean into this this thing and I completely believe that to be true And I believe it also to be true that as you grow This type of mindset gets stamped out of you the world wants you to bevanilla.
Yeah, absolutely Let me ask you a different question of the people we know that are successful just give me a rough number What percentage do you think got there through thegrind?
Do shit they didn't like that paid off in an unsexy way and then now they work on things that are more interesting pleasure Bullshelves that they're driven by curiosity they're driven by fashion the driven vote ever versus people that Made it by following things they were curious about maybe it was a bit of a lonely road for a bit Maybe other people maybe it wasn't a hotmarket, but it becamehot, but they were there already right that happens a lot What percentage would you say in each I'm just curious roughly how you would think aboutit?
Is it like only5% Got successful through following their own their own interest fundamentally or do you think that it's 50 50 they got it got successful Falling their interest versus following what was more proven if I had to guess 60 to70% of the people who we know who we would consider wealthy enough that money doesn't really matter Probably made money in a way that looking back they were like that was really hard in miserable And I don't think I can do that again And then a large percentage of them now I would say only50% of them then go and pursue something that truly interests them And the other50% just do the playbook again in our miserable while earning a great livingYeah, so roughly let's say 20 25 percent you think maybe we're in the The bucket that I'm talking about which is they were just doing what's interesting to them and that happened to become something that was very successful versus peopleYeah, chose things that were not as interesting or not as fun for them But they thought we're gonna have a payoff and it did and here's why Why commentator is like the stereotypical Silicon Valley like story you go to white commentator how long is white commentator eight or 12 weeks threemonths?
Yeah,okay, so you go with one idea and you only have 12 weeks to decide if this is going to work or not and by week six They say dude thissucks.
You should pivot this amazing idea you had to do credit card processing or to do something else that people want to give you money for and so they just go Ah fuck itwhatever.
I gotta go down that path But that path that they're signing up for is a 10 year journey or more And so there wasn't too much thought with it And so they're just likeman, I just got to get a win however way I can and I only have another six weeks until I've got to go do demo day So I've got to just settle on something and move forward and do it And I think that that mentality is often what a lot of internet-based businesses are built on So I think that's a little unfair to YC because for example if I think that does happen But One of the things that happens in those pivots because I've invested a lot of YC companies at pivot And also if you read a program I say one of these program advises heavily against is the what he calls playing startup It's like playing house where you sort of just try to manufacture a startup idea that you think might work or think might be good And he's like the best way to figure out a startup idea is to scratch your own edge And to look at your own life and figure out in what place am I already living in some future that other people aren't But I can build a product that would help them get there or what's a pain point We've discovered along the way of doing this that we could solve Soyes, they pivot quickly and they pivot in the middle of YC but usually the advice is that you should pivot to something Like the it's that you want scratched the problem that you are currently having or the thing you You uniquely understand because of the way you live your life versus What other people do and the biggest success is out of YC have typically been thatright?
I agree that that Airbnb guys Renting out their own apartment to make what hey or Brian Armstrong doing coin base because he lived in Argentina And dealt with the currency issues and was interested in Bitcoin These are not ideas that Fun at least sounded good The biggest successes I think are done that wayyeah, but not the average success I think that's exactly right I think the most successful people will work that way But the average or the majority are not that way and I think that's probably the true statement I would have to go look through a white commenter companies But there's not that many 23 year olds that know anything about payroll processing software But there's a lot of 25 year olds or whatever who have created something really cool like that Our friendJack.
Why did he dovongole? I think he was curious of solving problems But he didn't have a problem he wanted success more than he wanted to he was like this just seems like intriguing I guess likeyeah, let's just let's talk aboutit.
He's someone who made a shift I would also say something there's a confounding factor which is that for a lot of the people who are friends The thing that they are interested in is the game So it's not the industry that they that was the passionate thing the passionate thing was playing the game of Business can I give you two related things that came up forme?
I don't know if you remember this But when the open AI drama was going on with the fired Sam Altman One of the things that came out was maybe they have a GI internally and everyone's like no They probably don't have a GI interms, but maybe there was some breakthrough because he had gone at some conference and said There are these moments with open AI where you're sitting in a room and you get to see a demo and your mind gets blown You've seen the future the world is not the same because of what you just saw He goes that just happened about three weeks ago and people didn't know what it was But he was kind of just like teasing a little bit and just he wasn't even trying to make a hype thing He was just trying to say like what it's like to work there He was trying to use it for some otherreason, but people took that and they're like man They must have something say I'm Altman said that or an employee said that same Altman had said that and so people started Speculating what is it and then these leaks happen they start talking about this thing called Q star I remember this do you remember this Q starthing?
Yeah, I don't know what it is though So Q star Imean, I'm not a AI PhD research or so I don't know exactly But the ideas like there are different algorithms or different methods you can use to do something and Q star Is a certain technique and so people were like oh Q star does that mean they're using the Q they're the Q technique of the star technique or whatever That's not what people are usingtoday, but maybe there's something there and so this thing leaks It's not been confirmed yet whether that's was or wasn't a thing But what ended up happening was there was a whole bunch of smart people that suddenly started sniffing around that technique And just recently a bunch of research papers got published saying that they're seeing amazing performance using this technique And so this guy came on and he talked about that this is actually a phenomenon that happens frequently So I'll just tie this together This guy Robert Clancy was tweeted this I don't know this guy But he tweeted this little story that I liked and he said cloud Shannon once told me that as a kid He ever been stuck on a jigsaw puzzle and his brother was passing by and said you know I could tell you something that would help you with this puzzle But now I'm not gonna do it That's all the brother said But that was enough of a hint for cloud to solve the puzzle The great thing about the hint is that you can always give this to yourself So basically there's this there's this phenomenon that happens in human behavior Which is that if you knew that there might be a win You don't even need to know what the thing is that alone will increase your probability of success You know one I don't know what else cloud Shannon did remember how I told you Ed Thorpe went to the roulette table And it required two people to be in the crowd he was his buddy that was the other guy So in fact if you look it up the there's like it's called I think it's like the Thorpe Shannon principle And it's like the theory of so cloud Shannon who does guys referencing he was the guy who was tapping his foot to tell Ed Thorpe's which is pretty funny So the second story that's the same principle is about Kaggle so Kaggle's this online competitive place for solving you know problems riddles puddles puzzles whatever it is I think I don't know if it's all coding or if it's just math puzzles So this guy replied in the thing he goes One of my favorite Kaggle facts is that anytime that the leaderboard gets stagnant for a while in any competition If one team suddenly makes a jump that will automatically cause multiple independent teams to quickly reproduce the same breakthrough With no knowledge of how the first team made the breakthrough It isn't that kind of amazing how it's like it's the four-minute mileright?
Uh, what's the name of Ren the Rogerband?
So when prior Roger Bannister running four-minute miles People were only like three seconds like four or three four or four which is quite a long distance away from four minutes But basically when Roger Bannister did it roughly Four other runners also broke four-minute miles within like three months of Roger Bannister doing itRight, so the same thing just happened to me and one of my businesses So in one of my businesses we had there was a marketing tactic or channel That we had looked at we'd even kind of dabbled with but we didn't exactly know how to do it It kind of seemed like apuzzle.
We didn't know how to solve so we put it on a shelf for a while and Then I heard a whisper that somebody else Was just crushing it using that channelnow.
I don't know what they're doing I don't know the technique that they'redoing.
I don't know how much they're crushingit.
I just heard enough to know that they are crushing it and immediately We mobilized and that same channel that looked kind of like a dead thing before to us We didn't really know how to make any progress We still didn't have any technique nobody gave us a tool of how to make progress Just the knowledge that somebody else was making progress in that same channel fired us up Got us going and we immediately found a breakthrough and over the weekend we did like 30 grand in revenue on this one channel and it reminded me of the same principle of Just the knowledge that there is a solution Actually increases your probability of getting to a solution Just the knowledge that somebody else has found a solution without telling you how at all will increase your probability And I think that's one of the things about this podcast that should help people It's one of the ways to use this podcast is that you're not going to do exactly what any of the stories we tell in this podcast do But just hearing other people's success just healing other people ran a four-minute mile will make you run a four-minute mile We've had this with our friends too people who are saying Within youknow, I'm gonna make X amount of money in whymonths?
Allright, we had a friend that was like I'm gonna try to make a million dollars in three months And just hearing that question I didn't have that question before just hearing that question got me to start thinking about ways you could do it Then hearing that somebody did it Immediately made me want to figure out how and even though I was not going to do any of the things that they did It allowed me to figure out a solution that would be able to do that I think that's one of the most underrated learning techniques you can have or like success techniques you could have What's that called the MFM paradox that you can The become more successful following somebody else even though you don't know what they did just the fact that they get it This and this is like way less cool than artificial intelligence But similarly when morning brew in the hustle we're first getting going with the newsletter business We have the exact same thing happened multiple times where eventually I became one time Austin came over after we had both sold and I was likehey, you want to see somethingcool?
And then I go pull up yourcomputer.
I'll pull upmine. I know you got a document that shows everything that you guys were doing per month Let me show you mine and you show me yours And it was the exact same thing by the way it was we were we were seeing little inklings of what the other person was doing as it was happening And we kind of replicated each other's success and it absolutely happened the same way before we started this podcast You said what topics do you haveit?
I'm feeling a little uninspired and I have to say You win a blue ribbon today because you have completely put a beautiful bow tie on this thing that I brought you You brought so many good interesting tidbits to add to the story of EdThorpe.
That was pretty goodWell, can I can I leave you with one framework and I have onestory?
So the framework is you know when Ed Thorpe was beating blackjack or beating roulette What's the first step that he had to do before he beats thehouse?
What a step absolute step zero before he even figured out how to beat thehouse.
I don't know just how to do it at home Believing that it could bedone.
Yeah, right Believing that it could be done and this ischeesy, but it is very true And by the way things that are cheesy but true are underrated because smart people ride off cheesy things because they're cheesy Because they've heard them before but they haven't actually acted on it So their underpriced assets are things that are cheesy and true because they're ignored by other smart ambitious people I remember when I went to this Tony Robbins event on the second day There's another guy who who hosted so the other guy he starts off with a game of Simon Says to kind of warm up the audience And you just think this a warm up because they want you to be engaged as an audience They want you to be active do something interact a little crowd work to start So he starts the Simon Says you we're gonna play Simon Saysnow.
This is a room of about 6,000 people So there's 6,000 people we're gonna play Simon Says and he's like the winner gets to come on stage Or like that the yeah the winner gets to come on stage and you're gonna get thisthing.
I forgot what it was some some good prize Butagain, there's 6,000 people so you know whatever good luck So he starts and he says Simon Says blah blah blah and then like he immediately gets I half the people in the firstone.
So for example he goes all right you guys ready to play stand up And everybody standsup.
He says he didn't say Simon Says stand up So you only do the thing as Simon Says but if he just says an instruction and you do it without saying Simon Says you're out This guy clearly read the book the gameExactly.
He's got us on the cat stringtheory.
We were just obeying his commands So the game starts half people get out on the first round it widdles it down within five minutes He's down to the winner winner gets up on stage blah blah blah and he had the final 10 people He said stay standing you don't get to come on stage just stay standing and Then he called on somebody he's like the guy who's standing you got to the final 10 the guy next to you When did you getout?
He's like I got out in like the second round He goes let me ask you something Did you believe you were gonnawin?
And the guy was likeno, I mean so many people a sillygame.
I don'tknow. I didn't even think about it He goes that'sinteresting.
Ask nextperson. Did you believe you were gonnawin?
No, he goes So raise your hand if you when we started the game you believed that you could win Only like you know five percent of the audience raise yourhand.
He goes so all of you thought you were competing with six thousand people The only competition was amongst these 50 people Who actually believed that there was a way to win and he's like I'll be leaving you with two two ideas Number one if you're gonna play the game decide to win that's so funny He's like you don't have to win every game But if you decide to play you should decide to win and because the second thing is that In life you believe you're competing with a much bigger pool of people that you actually are Because the majority of people aren't even playing the game and other people who playing the game most of them don't even believe that they can win You're only competing with the people who actually believe that there is a way to win And so similarly with this guy cracking blackjack cracking roulette That's agame.
I thought was impossible to crack Until I read thebook.
I think it's called bringing down the house or something like that That's the other blackjack card counting book and immediately my mind shifted into a black check is a beatable game We can beat this game and suddenly I started to learn things suddenly I started to understand how do you actually beat the game of blackjack and it compelled me into action Allright, let's pause realquick.
I got to do the thrill of the shill where I'm gonna give you a thrill here But it teaches something that I think is a very important principle that any founder should know and I'm gonna tell you about a company That's doing itwell.
Allright, so the thrill of the shill is Have you ever heard of the law ofcategory?
Are you familiar withthis?
I've not I think it's from the book the 22 immutable laws of marketing and in that book it's talking aboutmarketing.
How do you actually standout?
How do you Do the hard thing inbusiness?
Which is stand out get your brand out there get customers and get them coming to you versus you Just chasing them down and hunting them one byone.
How do you get market pull and the law ofcategories?
Very simpleprinciple, which is that you'd rather own a category then participate in one if you can't be the first in a category You'd rather create a new category altogether And that is something that many people havedone.
So forexample, I'll give you I'll give you one in the podcasting space So we're a podcast and this podcast started off very undifferentiated We started off just as interviews with successful people guess what that's what every business podcast is interviews with successful people How did you doit?
It's all past past facing how did you doit?
We started to stand out when mean you got onhere.
We started going a little future facing which isHey, what trends what opportunities do you see what's going on right now in the market that you think somebody could be capitalizingon?
So suddenly we were in a new category So how many podcasts were there that we're talking about Stuff that you know opportunities and trends that you could be capitalizing on for the next 12 months versus What did you do 15 years ago successful person and even when we invited guests on we said you got to bring some ideas What opportunities do you see todaynow?
We're not just going to ask about the thing you did in the past Even further than that is you ever seen hot ones that show where the guy interviews celebrities But instead of just interviewing them they're eating hot wings while they're doing it escalating and in hotness It's the law of category that show became super popular gets millions of views on YouTube And he gets the best guess because he's the only podcast that does that he's the only show doing that He created his own category and now if you came in and you try to do a show like that Guess what they would sayoh, it's kind of like hot ones They own thatcategory.
They own that that niche And so the law of category is a very small principle which is that without taking more effort if you simply just define a new category You now have a reason to buy an RTP a reason for customer to come use your product come use your service Well the company that sponsored today's podcast wander is a great example of exactly that These guys basically saidwell, you have luxury hotels you got the four seasons you got what's that fancyone?
Aman that everybody's going to nowadays you got the luxury fancy hotels And then you have stay in a house like Airbnb where you get the home you know get to stay in a home Multiple rooms and a kitchen and all that But it's not as luxury and turnkey and just a beautiful everything taking care of your experience So they created a new category which is Hotelified homes So luxury homes that are on par with the nicest luxury hotels But it's a house instead of being in a building in a skyscraper you get a you get a a backyard a pool a sauna You get a kitchen you get everything you want in a home But you get the guarantee that it's going to be luxury unlike an Airbnb So I think that they've done a great job as why they've grown so fast They did I think like 12 million in bookings in the last 12 months because they created their own category There isn't anybody else who's really in that category where they actually manage the property And therefore can guarantee a certain quality of service great thrill Pretty goodshow.
I love the show and so I show pleaseno.
I think your show was great So if you want to use them wander it got wander.com slash MFM What do they get I think they get $300 off their first day if you go to wander.com slash MFM So that's our personal code that's it just for listeners of this pod you Download the app if you do that you get 300 bucks off a stay So you get 300 bucks off and you're entering into a giveaway that's going to be they're giving away a free wander stay So if you're one of the people who are doing this and remember the principle that's in this podcast You if you enter you got to believe that you can win go ahead and enter and you might win the free wander travel thing So check it out wander.com slashMFM.
I think you said last time I go Youknow, I'm not sure how many people are going to do this So if you're one of the people that actually does it you've got a pretty good chance of actually winningExactly.
So it's W-A-N-D-E-R.com slash MFM all right back to the episode So I have a funny story to I'll tie it up with this which is that people have heard of a vicious cycleOh, that's a vicious cycle and they'll say it's you know poverty is a vicious cycle you don't have money so therefore You don't you can't buy the best food or or education and therefore you end up staying Youknow, you don't get the best opportunities and therefore you stay poor vicious cycle right we've all heard of vicious cycle Well good thought experiment is what is the opposite of a vicious cycle A virtuous cycle what's a virtuous cycle and a virtuous cycle a virtuous cycle is again a ton of robincy is basically If you believe so if you have high conviction that something can happen We've all had moments in our life where we are like I'm convinced that I could do this or that it can happen Then you'll take a different level ofaction.
So belief drives action the amount of belief drives the amount of action So little belief will drive little action which drives a little result A lot of belief takes you to drive take a lot of action which drives a bigger result and guess what once you see that result It reinforces the belief So if you start with a little belief you take a little action get a little result You'll be like I knewit.
I knew this shit wasn't gonna work It lowers your belief even more takes even lower action lower result And the opposite happens where if you're a heavy believer you take a shitton action Shitton action will start to yield a result and your belief will say I knew it I knew we could dothis.
I knew we'd get progress You take even more action and it just becomes a virtual cycle and so that is one of the things that I think is Most important if you are stuck or if you're at a plateau or you're not exactly where you want to be Step zero is you have to somehow Trick yourself into raising your level belief that it is possible One way is to read books about other people who have already done it or talk to other people who have done it Imagine yourself doing it whatever ask yourself questions until you are worked up into a fever That this this is going to work because that's the only chance you have of taking enough action to actually get a result I want to hear from the listener The people who have made it this far If they feel like I feel rightnow, which is like I want to run through a fucking wall You've just like you're like a guy you're like a pastor right now You know you're like what one of these like black churches where you're like dancing and screaming and shit And I'm just like in the crowd like dancing aswell.
I feel good I Now let me tell you a quick blackjack story of this So I read this book and I become convinced that we could dothis.
I tell my buddyTrevor. I said Trevor We could do this we could bring down the house we can countcards.
We can get rich up blackjack He says say no more Trevor's Trevor's abeliever.
He'sdown. What age are you perfectperfect?
Perfect trait of partner beingdown.
We're I don't know 21 years old in we're seeing in college Did you read the whole book read the whole book Allright, but again because we have a ton of belief we find a way to take action I'm living in NorthCarolina.
There's no casino in NorthCarolina.
What am I gonna do fly toVegas?
No,no, no the belief drives action the belief causes me to find a way I realize hey in SouthCarolina.
There's a riverboat and that boat was like boat out into international waters And then you can gamble because it's internationalwaters.
That's the beauty of theworld.
It's got international waters Anything goes so we drive down the South Carolina we get on this riverboat And we drive out but before we do that we spend three weeks practicing and the same it's the same system You have a counter who's gonna be will keep in count You have the signaler who's gonna signal in the whale so Trevor's the counter Trevor's got the focus on the communicator on the signal guy and our buddy Dan is gonna be the whale And what was your signal the whales job is to come over he's ag he's a gregarious character Because the trick when you count carriages you need to wait until the deck is stacked in your favor where there's more It let's say aces and bad of the low cards are out so the count is high and then you need to vary your bet side So that's actually how you win is you bet more when the deck is hot you bet less when it's not But if the casino sees you varying your bet like that they kick you out So that's why you need two players you know one guy who's counting and the guy who comes in to make the bet He needs to start with a big bet so he only comes in when the deck is hot And so he comes in and we're like Dan you've got to act like a drunken idiot And you're just plopping down your whole stack on this one hand And then you're gonna double oh screw it we win play it again as long as the deck is hot and when the deck is not hot We're gonna signal you to leave what your signals to him so we have two signals You have the signal where you're supposed to come over Which is basically it was me with my arm like you know kind of like like this was where I'm holding my arm like this But I'm behind it's like standing behindme.
It's hard to sit down Just a standingposture.
So I'm standing behind Trevor Trevor's counting Trevor has a verbal signal to me So you create a word for everynumber.
So let's say you know the deck is if they count just one Which is a very bad count he would just say um is just like all right all right Uno Moss Uno Moss like one more hand But that just signals me the count is one one if there was two he'd be like I'd be like ah shit ballsballs.
We got twoballs. That's why there's two And then he'd be like three and he'd be like you know he'd have to think for three And we use like basketball player names or whatever and like we had and you want to get the guy in when the counts like 10 11 12 something like that and he'd be likedude.
I've had a dozen chances now And so we practice for weeks on this and we're in our dorm room We're skipping class and we're just practicing practicing practicing signals Boom boom boom bets and we're running simulation So we have our friend this girl like who was our friend she was the dealer and she would deal it out We're like every time clean it up this shit works And so we drive down the South Carolina we get on the riverboat we go Dan's got his drunken drunken tourist costume on Trevor's the the guy who's justbored.
He's just sittingthere.
He's betting the minimum But he's counting and I'm thesignaler.
I'm Trevor's buddy and so and so what ends up happening is Count gets hot we get to 10 and I signal but in the rural world conditions are a little different Dan's not as flawed different Is he so busy being in his drunken character that he's actually acting like anidiot?
He's not paying attention to anything that we're doing so he's actually getting a drink so he misses 10 Count starts to drop but but is thateight?
Oh mygod.Okay, whatever still eight still good enough Let's signal him and might go back to 10 so I say don'tdance.
He's thesignal. He starts coming over Now our dorm room was kind of small He's at the he's farther away so it takes him a little bit of time by the time Dan gets a table And he tries to cash in is he tries to put down the bet when the counts like you know six or something like that And he puts his money down though likewell, we have to color it upfirst.
We have to exchange a cash for chips no bet on this one So the hand gets dealt out it nukes the count back down to two Dan's hand is visibly shaking You cash this is like a thousand dollars or thechips.
This is like big money forus.
He takes thousand dollars with the chips He's ready to bet big but the count is now two and Trevor's like ballsman.
Oh balls dude And Dan he's supposed to take balls and he's supposed to leave Dan is in he's blacked out at this point and he's not drunk and blacked out But he's just got tunnel vision like he's so locked into his character and the stupid things that he's saying to the dealer He's completely ignoring the signal and so he just puts the thousand dollars on and we're both like balls balls balls balls Why are you betting this is the worst time to bet and we just get wiped out into it And you're gonna sell your money last all of our money and we were like The book made it seem a lot easier than this because in the book it immediately works and it starts to series of events That just escalates into them being ballers andYeah, that's sort of like thegame.
It's kind of the same stuff with the gameOkay, so we go backhome.
We're licking ourwounds.
We're like damn what the hell man And he's like I'msorry.
We was harder in reallife.
We're like allright.Whatever.
It's all good man We got to get the belief is still high thathey, there's a way to use blackjack to make a lot of money So we said you knowwhat?
Screwit. What if we're the house and so we decided to create an underground blackjack club at school Where will the house these movies go one or two ways now you're on you're on option B for a great movie exactly So we we try to become the house now we're playing Molly's game basically so we Again start running these simulations for like this is great like the house has anedge.
We'rewinning. This is like it's a no-brainer So we And our friend the whole time was just like you guys are idiots like you've already wasted It's you know one month of time on the stupid plan number one now you're on stupid plan number two He's like this isn't even a dumberplan.
Where are you two what do you talk about where the house you ever heard about the house's edge Like we can't lose where the house and he's likeOkay, so we're like again two weeks into our like every night we're simulating this we're trying to run like It's we're like typing Excel like how much money were we like so I think you're losing you're not gonna cheat you're just gonna know we're gonna be thehouse.
That's it Andum, so he's like okay Watch this so our friend comes in it just like Owns us he walks in and he's like allright.
Yeah, I want abet. Hebets.
He loses I have a bit more Luses and we're like see told you told you thisconvert.
He's like cool And he's likehey, give me all my fucking money back And we're like nodude.
He's just like you're gonna give me all my money back right now or And we're like what are you to beat usup?
He's likeno, I'm just gonna call the cops Tell me you're running a blackjack ring in your room right now That's actually like a youknow, that's like a serious crime And you're gonna get kicked out of school or you're gonna give him my $800 back And we were like oh you winYeah, we get him the $800 back and we're like damn itYeah, you didn't you didn't see the part of the scene in Molly's game where she gets beat up for doing this And this guy just instantly pointed out the fatal flaw which isbasically, you know This is a crime they can anytime just bust us We would have to move the game every week And like somehow know that this guy's not gonna screw us over but every player who loses money Would always have the ultimate leverage So that's what I learned about leverage and I learned that leverage is more important than an edge You should have went back to thecasino.
It's sound like this stupid idea actually could have maybe worked If you're buddy Dan gonna shit together the reality is that Casinos and I don't know why people don't I mean I guess people do talk about this But casinos use six decks and they use auto shufflers now And so the ability for the deck to get really hot is been cut down dramatically And so you know they basically use six decks which will smoothen out the variants And then they auto shuffle and they shuffle before you get through the whole shoe So the whole point was like you need to get where a lot of the cards have been used There's only a small number of cards left and that that small number of cards is gonna have a higher proportion Of a face cards for you But that just doesn't really happenanymore.
So I don't really know where theedges.
I don't think there's an edge This has been a roller coaster I feel like I've got my money's worth after listening to this episode And I should have just been learning out of code the whole time in college I should have just been learning how to code and I would have made a lot more money than all of my hair brain schemes to To make money or playing League of Legends One of the two This was verygood.
This was a goodepisode.
Oneepisode.Um, is that thepod?
That's it I'mfine.Alright, that's thepod.
I feel like I could rule theworld.
I know I could be what I want to I put my all in it like nodays.