unwinds and shark tank just wrapped its 12th season on a.b.c. the estimable kevin o'leary kevin our. very good thank you very much. you know i it's funny. i know that the people are positive in certain types on these shows and i know it never find you is the grinch i find you as the sun swell guy some of the some of these people listen i love dreamers but some of these people it looks dangerous to me when they're going to push more chips in and i think at some point somebody should step in and say listen you got to as you say take it out back and shoot it because this could ruin your life so i never find you mean i just find you the quintessential pragmatist. well i think that's kind words because you're right my mother taught me years ago if you always tell the truth you never have to remember what you said but you know the thing of a business is binary either you make money or lose it you see

a really bad idea and you start to feel sorry for the person mortgaging their home you know it's going to 0 and frankly you know if you can't get through me in the shark will the real world gets ahold of is going to chew you up and spit you out so you know i really care about their money not so much their feelings and that may sound cruel but in the end of the day it's lucky they met me that's what i think yeah your interaction with them when they come into the shark tank for god sakes people are so whiny these days and oftentimes not the people who come into the tank they seem to be intrepid to some degree but the people protectorate out there talks about the nicety of it i never get that there if you if they met you in regular life and had a problem i can see what your boxes far as when you get emotional i think it helped that this is this is an exchange of information here they've got a product you have an expertise on gleaning whether products are viable or not and i always think god he owes them his honesty what good do they do to take them

further down the road. i mean i agree with you but you know you got to remember something about shark tank it's been around now for 12 years shooting its 13th season it's created dozens of multi-millionaires so billions of dollars worth of product it doesn't you know likely doesn't strike every time but every once in a while you get this incredible idea fantastic concept and they've got the benefit of millions of eyeballs through syndication 8 minutes of prime time television i mean your customer acquisition costs go to 0 and you make a ton of money it's not uncommon to sell $5000000.00 worth of a product that scene on shark tank that's a night that happens all the time. now it is like a visual i.p.o. or the road show or something and when the guy comes in with a smiley face to claims a glass at least he's got something i just finished that book about that moron adam newman and i thought you know the it's like gertrude stein said at the end of the day there's no good there there what what was happening what we were what what

makes that any more viable than a squatty potty indeed a squaddie party puts it an angle to pass excrement and all did with adam milner was he was the was coming out of his mouth for god's sakes. well i've got one for you if you want to go down that path check this out this is a cat d.n.a. kit now you're going to pay me $29.00 and i'm going to tell you when kid is going to bite the big one or you can spend a lot less and just buy a new kitty but hey i'm not a cat guy you know what i mean i don't like cats but i love cash flow this thing makes a ton of money because there's 110000000 cats in american people want to know where their kitty came from and i know after you send me back the data when katie's chicken out of dodge forever and you need a new kitty test kit it's this is a fantastic business listen forget the litter each cat has 9 lives the up sale is to get want kit for ensure that. there you go that is what you get out of like it

it who would have ever thought of that that's the whole point you know so he walked to the door shark a cat the in a kid i think that's nuts and then she gave me your numbers i said not so nuts i'm in. listen i get the whole potpourri of the show imo i'm a little incredulous that cubana started to believe that he's a potentate that that's the aspect the show i don't get as much anymore but i get that some of these are light things you get the touching one that that cutting board with a fireman that's still one of the sweetest moments i've seen on his couch what a what a living testimony to the a goodness of the man that those 3 kids commit like better wipe me out but there are other more like i said i think you do them a service warning them off certain things because it does get dangerous as i watch this recent acquisition of the step and fall ever in or not way it made me think of ellsworth too he said i fled the stock market of the human spirit right now and so it short unfortunately in the times we live there seems to be

a great fortune to be made playing the. you know we're almost like. chaos the sterett sers something. i always think oh let this code thing go away can we move on can we just push through this and eventually and now i can see some people are trenching in for the long run we're going to start opening doors with our feet and eventually you'll have to get carpal tunnel playing for shaking with your elbows there's all bunch of screams coming off this i didn't see it you're right but i'll tell you that product is going to be huge because people over the last year have come to the conclusion that if you touch a public door handle in a latrine somewhere you are going to die and so the only way to save your life is to use your shoe so open the door and thank goodness i'm there for you another opportunity to help you survive in a world just teeming with disease and look far for me to say the products not good

selling by the millions of dollars because people just do not want to touch the handle and nor should they dennis that's what i love about star pay. i love your i love your glengarry side because indeed coffee is for clothes your city just. will tell you that coffee is bad for you we live in times where i think we've just emotional him ophelia runs rampant across the land we're going to kevin o'leary and of course you know him from shark tank he also has a chief some oh yea of a larry fine wines and he's really picked this business up and ran with it was it the was your palate earlier was that your your portfolio the 1st braccia wines i assume back then you'd like wine before you were able to invest right well my dad my step dad lives in switzerland and he's really was was into wines when i was a teenager he started teaching about the different varietals burgundies bordeaux's

of the r.c. region the italians you know the cabernet mumma scott all of these different in i just learned in europe people are uptight you know kids drink wine water down with water when they're 7 years old that's just how they do in switzerland and so you learn early on and i've learnt how to blend one in so you know i finally but i was very fortunate i started investing in inventors and. the best way to turn yourself into a poor guy is to invest in the wine business because there's 3 tiers of distribution and then along came the last changing about 6 years ago we can ship from your wine in california to 42 states direct and that changed everything for me because the whole shark tank thing i became the wine guy and now i could go online and say look i've selected you know these 12 wines for you that i blooded myself i've won 5 words or 10 awards because i have and we started selling direct and that business

is huge they i ship 150000 cases a year. and fun too and what a perfect staging ground you had parentally so your father stepfather give janine fleming sort of cachet and then your mother i love the advice earlier it's one of the truest things you can say to a kit who wants to go through life juggling all these balls trying to figure out which story you told who you tell the truth and you your head hits the pillow and you can sleep your mother was also very smart economic affairs right yeah she actually. sort of gave me my investment philosophy she used to take 20 percent of her salary when she was in you know her early twenty's and put it into the stock market dividend paying stocks you had that portfolio a secret portfolio from both of her husbands she was married twice and you can't do that today but she pulled it off in those days in the late fifty's and when she died i got a call from the executor i was the older brother and he said you got to come down

here your mother died a really wealthy woman so this portfolio of help telco bonds and s. and p. stocks for 55 years i always wondered how she had all this money around all the time and that's what it was and so i went and looked at that and said i'm going to do the same thing you stash a little bit away of what you make each each week when i was young i was doing that put in the market average goes up it's 70 percent a year just leave it alone magic happens that's how it works. didn't that grain silo sized cookie jar she had in the kitchen hip you to something different that you're not good did you not read that scene early so we were. having a mom who put it in the telco what would she make of bit coy try to think of she would i see that you're pushing in the aisle after some of skepticism what would she make up. she believed in getting paid to wait she would never own anything that

didn't send a check through each month or each quarter and she would live off those distributions but it didn't pay in money she didn't get it she didn't consider an investment she call it a speculation so that's why she had bonds and big fat juicy dividend paying stocks it's not a bad strategy she would have never done the big going thing she'd say what the hell is this where swears my check you know it's that kind of thing. well you know i was skeptical too and i was trying to find some sort of strunk and white printer to understand a little so i read ben mezrich spoke about bit billionaire i say still don't understand it completely but i see where you've said that you will only invest in bitcoin where it comes from for lack of a better word a fair place like fair trade practices or something like that but the very birth of that car and i think right after nakamoto births it isn't used by guys on the web the so crowed initially isn't it sort of scarface illegal tender isn't that its

birth the bit caught yeah it is 64 percent of a coin mine comes from china and there's a lot of compliance issues that china 1st of all many of them burn coal which you know i'm talking from the institutional perspective what happened to me was i said ok i'm going to go 3 percent waiting and then i started getting phone calls all over the from all these institutions that i work with because i've got other businesses that service institutional financial services and they called me up and said hey wait a 2nd where's this going coming from i said who cares they said we care we care we don't want to invest in anything that's mined in china because of human rights is used because they're burning coal and you know i had to listen i so i started looking at it and said well i've got to find miners that are doing this on a compliant basis that are you know burning coal and sticking it in the atmosphere because i've got 10000 employees in my supply chain and all the companies and they're all in sustainability so they had questions too and i've discovered that

there's a whole market emerging pretty fast about people are saying i want big coin but i want to remind sustainably and i have to go mine that myself so i'm i'm investing in a whole bunch of miners now that i just got my coin direct it's virgin or it came from and they make it for me that's the best way to do it and other institutions want to do the same thing because it is going to break into 2 s. a classes blood coin from china and clean coin and they're going to trade a different price one day. just like the blood diamonds folks if you want to put it in layman's terms and i am the quintessential layman that that is going to become a very big part of the investing in the future is finding out what the the 1st origins of that are because let's face facts kids are in the fairness business right away and they're they're not going to get on board with people who are gaming people early on in the process for their they're worth i want to talk to them about

kids now when i was a kid it was all about the house and that all that's changing we've got a good brain to pick care a big one as i said along with josh brown 2 of my favorites and i am a layman you can watch both these guys and up your game a little it's like playing tennis with somebody who doesn't leave you in the dust that plays really well and makes you play a little better it's kevin o'leary you know him from shark tank very shark cat we'll be back we'll talk about the use of america right now and where they're going about all things fiscal with kevin o'leary right after this sunday distiller plus one. can you source the story about the fact that delayed maxwell will likely take others down i guarantee you there's a lot more going on. in our nation's capital this is the news with

rick sanchez and protesters who are not happy this is what we're going to drill down on right here on news breaks entrance where we really do believe it's time to do news again. this type of american is doing very well but then there's these guys over here who aren't doing so well if you drill down to look at the real numbers especially the rent numbers right there. it's pretty bad there's people who are not paying the rent and say they're not going to be able to pay their rent for the foreseeable future. hey folks welcome back the honest miller plus one interesting chat with

a man i well. people throw fandom are pretty quickly going to flip through and i see this guy as mug i watch it because i always find him interesting he's a venture capitalist entrepreneur long time star of shark tank also some of yay a leary fine lines as he said he's won 10 awards now he's shipping north of 100000 cases a year shark tank by the way just wrapped its 12th season on a.b.c. you know kevin when i was the kids today that's one thing i learned from the outer newman book is. i don't know if it's a naïve today or an urge to do well or some some sort of dangerous all truism i do believe all truism can lead azza lessons at some point if you hold your own garden at some point but i do see that they're less interested than i was when i was young and i didn't feel like an outlier in making

a killing they're more interested in being comfortable and then helping everybody else that's a big tectonic shift isn't it. this there is a new movement of ford about sustainability about caring about your neighbor i mean maybe this is post pandemic kindness i don't know but if i see it in a lot of the people that that work for me in various companies and i've noticed something really interesting the companies that are successful that i invest you know in over 50 and probably right now 34 of those 50 look like they're going to do very very well and those are the ones that have a mission they're very driven by something they really care about and they have a sustainability theme so the customers favor their products and services not from some marketing scam because that used you know i used to think the green thing by this product that will plant a tree i thought that was a marketing scam it's not there's a whole bunch of consumers today that really care so if you're polluting and you're

making your stuff out of plastic bottles and shipping it they'll watch a product anymore they want people to give a damn about the things they care about and this is become a really interesting change and i think unique in some ways because usually you have to be a skeptic but when you see products i'll give an example this is another one i've got dozens of these this is a company that takes cleaning fluids and crystallizes them into the civil tablet like an elk assessor you get a sustainable use over and over again you drop it inside the water bingo that's your toilet cleaner there's no plastic bottle throw out these guys came on shark tank and i said what the hell is that he said well this is our patent we can take any cleaning fluid crystallise it and we ship this direct to consumers are going to get rid of 85000000000 plastic bottles wow so i invested in them they did 80000000 bucks in the 1st 24 months business i mean there are exploding because in his people given you know they care they care and that's the new the new model of

sustainability i'm i'm in a joint venture with comcast on that one and i think we're going to make a ton of money on it. you know kevin i know after watching you for years that well 2 things and that was one of the thing about the stepan poll that fascinated me you didn't ask for a little stipend on each sale it's just i could tell that the new blood was in the water for you on that lawn when you just went to 6 from 8 you didn't ask for a 1st sale piece of it i thought oh he really likes you know that products going to sell you know when the airs every guy and his dog wants one and that's exactly what happened people are really freaked out after that year we've never had anything like this and now no i'm not touching that door handle never going to happen and the thing about that product was they paid designed it so you didn't scuff your shoe because most of them have little you know the teeth so you stick your shoe on

it you scratch your leather it's stupid not these guys they figure that out smart. i think i think the. good heartedness moving into the marketplace is going to eventually skew customer acquisition cost or do you think it'll remain a constant i know that's important to you if the word gets out on the street amongst young people that you're doing the right thing making a buck but not being cricket should bought it i don't think you have to spend as much to procure them i think they'll come to you if they feel you're doing the right thing around. and you're right because of social media what happened is now because of the immense power of the direct communication with your customers that these successful companies are utilizing because they grew up with it they understand how to tell their story and people smell mile away yeah you can't scam them anymore so if you're a big company and trying to b.s. about sustainability don't believe you in the 1st place which is why all these new brands are merging so quickly the you know that they're basically saying look i'm not a scammer this is exactly what i'm doing and i do care about sustainability and i've

done this or that and it's an honest dialogue and you know it really really makes a difference i'm amazed i'm amazed you know i'm it just i keep looking at these examples here's another one there's a company that that makes greeting cards love pop greeting cards or i didn't answer greeting kind of seen us they went from retail joining the pandemic and shifted 79 percent of their business direct to consumer by telling their story saying you've got to buy direct from us we're going to go out of business if you like our stuff and you said it's your mother and whatever and those that direct communication boom it just exploded and they had millions of people ordering the cards i mean i'm all amazed at the power of television the power of social media the power podcast and all of these direct to consumer vehicles have changed how business is it is emerged in america and if you're not hip to that and you're not doing it you're going to 0 as was going to happen. while that was one thing about the the newman book that i

read that that makes sense to me as you said those guys i think as i've read they now realize they don't need the office space setting morea it's almost like a brick and mortar is going the way of a cabbage patch kids or something but that's going to be a big challenge in the future isn't it molls stuff like that places you have to go to that have many door knobs and it's a seam so much easier to do it from home right. and the right now it looks like a got some data just my own companies out of those 10000 supply chain people about 15 percent have no interest in coming back to the office they were the ones that work in compliance accounting and logistics they they they work those little cubicles and i want that he knows they have no interest in working in a cubicle so they're not coming back if i can't accommodate them they're going to work for somebody else that's going to become a feature of employment they're raising their kids or in the suburbs or taking care of elderly parents whatever it is they may know with certainty they can run their

business remotely like we're talking right now all those technologies and power this digital pivot and frankly i think the economy is more efficient that way why they have them fly all over the place to do business anymore like a just to assume call work out a deal and you know fulfill it it's so much easier than saying a crappy motel eating bad food flying all over the place and particularly in the winter would travel. who knows willie loman might still be alive if we had zoom back then you know i'm fascinated by entrepreneurs and i always think that part of it is well they do an ether but also part of it is i think when they see something in the supposed to happen they realize they want to steps through that stargate as quickly as possible i used to go off with richard rainwater up there and he was just that ah shucks guy when we golf but he you know i knew it was a wizard site pick his brain and he told me he was golfing once in the crescent

diamond dallas and a guy put a phone out that was the size of a walkie talkie from the old t.v. show combat he said what's that the guy says it's a follow richard where like the 3rd oh i said it's a what these are it's a follow. up i said i can't finish there are around he went back to the club us of said bass and said we're going to liquidate push everything there's a phone out there now that you carry with you so i think at some point is it not an entrepreneur well you've got to glean it 1st then yeah if they act very very quickly or at kevin. because it's not just a mess the competition is a guy in shanghai or mumbai and once a kick you're going to work 25 hours a day to do it i mean i see that all the time you know i mean great ideas here or you know any great idea anywhere can hit the market in a matter of weeks if and if you're not 1st you're going to have and even if you are going to have competitors to come after you it really is a global competition is no question about that and i watch it happen all the time

so i'm in the same boat when i see something i like and vested in trying to blow it up really quickly the best way to defend yourself is to get market share even if you don't have a proprietary technology if you've got market share that's hard to emulate hard to get so you know the people that bring products of 1st tend to really like the snotty member the snotty there's a 1000000 knockoffs of the snotty but the snotty made all the money and everybody else tried to beat them too late. you know you look back and i'll tell you as good at their job as burnette because geez i wonder if he sat in the casting room because i look at the mix there and i just think was somebody was super smart here the one guy early on was a little too close to laurie and gotti was a sweat act but penny's a a get that guy in a 2nd chair over i knew he had to go but you look at some of these guys the mics and the mics listen folks people get whacked in television they're not like and anybody over there hardly because whoever picked picked the right crew. you know i

remember that breakfast with pretty had a place you know called shutters he called me up when i was working in england for discovery channel at the time he said get over here i want to have breakfast with you the meeting was only supposed to be like half an hour we spent 2 in the afternoon together and shutters never talking about shark tank but our bunch of other stuff and he said look lou is going to pick up the morning when to shoot in the paramount lot. anyway solves a pick up at 7 o'clock and some so what's this all about he said i'm looking for a real this new show i got called in here the guy. said ok that sounds good let's go i didn't know the show is about i just sat there in the morning and i said to him you me you want me to invest my money in this stuff it's my money that that was the 1st thing i remember saying. and we never look back we never look back you know he used to say them and see them perform so he mark i'm getting i'm getting all this hate mail he says don't go changing don't

go changing you know it's no it's history if it is a really fun guy to work at smart guy tell you what kevin in a in a world where i don't quite understand what's going on but i realize i'm in the you middle of a huge shift in many ways i still periodic lee need the totem of of the meritocracy and i will run towards it takes not perfect i know it's a t.v. show but at some point i am still as i know many of your viewers are highly in their mode of somebody who sits at home thanks of something axon it pushes it to the point where they have the balls to walk down an aquarium hallway and sell it to a bunch of people get the money and push it further down the road to me it's almost the last outpost of the american dream and someways so i'm appreciative i know your fans are and you play a key part in that as the the cool pragmatist in the middle knows the reason you're

still in the middle of the panel it's good television and it's savvy advice thanks for your time kevin o'leary and of course shark tank stories good to meet you brother. thank you very much janice enjoyed it take care of me for tara later gater that's kevin miller this dennis miller plus while. our breed our breed i turn on the t.v. on the back the world of what's happening around me i see shows on the screens but in last every day because the big news near it sits at a spade lead to maybe cooling its last little to no christmas with the farm after

the plum brick by brick school is the make you smile how plenty off that in this war but i found a network that old question science great was that space civil strife climate change savile will be called simply lists all the mainstream wants to do was keep us cool like you watch the right you can't keep a silence critical poissy is full perspective question and sad to read we don't take sides we walk the walk artsy america of means real talk. our culture is awash in logs dominated by streams of never ending electronic hallucinations that merge back fiction until they are indistinguishable we have become the most deluded society on politics as

a species of endless and needless to the computer politicians have morphed into celebrity are 2 ruling parties are in reality one party to corporate control and those who attempt to puncture the vast breathless universe of fake news just signed to push through the rule changes and exploitation of the little corner of force so far to the margins of society including by a public broadcasting system that has sold its soul for corporate money we might as well be mice squeaking against an avalanche of us we must. see america brings you stories of world wide significance news the corporate media refuses to show you from social movements to civil wars to tech breakthroughs to epidemics because our journalists and audience ally dare to question more.

hello there i'm military and you're watching in western broadcasting from our to america's national news headquarters in washington d.c. here's tonight's top stories 1st a new global poll reveals who the world believes is the biggest threat to democracy . may surprise you we will discuss it plus there's an international black market for human trafficking trafficking happening right under our fingertips on instagram we'll discuss that and finally the biggest awards night for international sports who are this year's winners that's straight ahead all right it's time to boost your news i think you.