you know me 'd i'm famous for my views than. yours truly ready. hey folks next up on dennis miller plus one kevin o'leary from shark tank level leary i think he's the pragmatic voice the simon cow in the middle tells people it's time to as he says take something out back and shoot it i admire the artist state and he makes for a great television kevin o'leary right after that then i smell it plus what. hey folks welcome to dennis miller plus one i'm excited big fan. kevin's love him on the halftime report i'm always hoping that he and josh brown would get their own siskel and ebert on fiscal matters show but as a venture capitalist entrepreneur you of course known from shark tank or he's the

what say these are the sensible simon cowell core of the show he's also the founder and chief some a gay of the larry fine wines 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 posited in certain types on these shows and i owe it never find you is the grinch i find you is the some small 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 it could ruin your life so i never fired 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 they 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 then and oftentimes not the people who come into the tank they seem to be intrepid to some degree but the people in the 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 or viral bore 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 she got her member something about shark tank it's been around now for 12 years shooting it's 13th season it's created dozens of multimillionaires so billions of dollars worth of product it doesn't you know lightly 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 seen on shark tank that same 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 that 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 in an angle to pass excrement and all did with adam milner was it 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 and i love cash flow this state 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 kiddies check in on a dutch 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 sell is to get want kit for he should have none. there you go there that is what you get out of. it who would have ever thought of that that's the whole point you know so he walks to the door shark a cat the in a kid i think that's nuts and then she gave me her 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 the firemen that's one of the sweetest moments i've seen and his coach what a what a living testimony to the a goodness of the man that those 3 kids commit like that await me at but there are the one like i said i think you do them a service warning them off certain things because it does get dangerous you know kind of as i watch this recent acquisition of the step and fall ever enter nod way

it made me think of ellsworth too he said i play the stock market the human spirit right now and so it short unfortunately in the times we live there seems to be great fortune to be made playing the. you know we're almost like. chaos the stair experience 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 screens 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 say goodness i'm there for you another opportunity to help you survive in a world just teeming with disease and left far for me to say the products not good at 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 shark thank you. i love your i love your glengarry side because indeed coffee as for clothes here it's just that will tell you that coffee is bad for you we live in times where i think we've just emotional him affiliate 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 of a larry fine wines and he's really picked this business up and ran with it was it the was it your palate early or was it your ear or portfolio that 1st brought you to wines i assume back then you liked wine before you were able to invest right.

well my dad my stepdad lives in switzerland and he's really was was into wines when i was a teenager and he started teaching about the different varietals burgundies bordeaux's of the r.c. region the italians you know the cabin a scot all of these different in i just learned in europe people are is 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 learned how to blend wine in so you know i finally but i was very fortunate i started investing in in vain years 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 here to stay i ship 150000 cases a year. and fun to what a perfect staging ground you had parentally so far stepfather given in the fleming sort of cache and then your mother i love the advice earlier it's one of the truest things you can say to a kid 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 and she 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 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 are 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 leverage goes up at 70 percent a year and just leave it alone magic happens and sell works. didn't that grain silo sized cookie jar she had in the kitchen hip you to something different that you're not good that you're not read serially tell me what. having a mom who put it in the telco what would she make of bit. 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 believes in getting paid to wait she would never own anything that didn't send the check to 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 point they should 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 measure explicit about bit coy billionaire i said i still don't understand it completely but i see where you've said that you will only invest in bit coin 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

bit and i think right after nakamoto births it isn't used by guys on the web the so . 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 these the 2 shell 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 mind in china because of human rights issues 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 in the atmosphere because i've got 10000 employees in my supply chain and all the companies and they're all into 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 to 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 wonder 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 $1.00 day. dislike 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 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 pronto my favorite 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 but 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 to talk about all things fiscal kevin o'leary right after this sunday on a spiller plus one.

'd i think the average viewer just after watching a couple segments understands that we're telling stories there are critics can't tell you know why because their advertisers more let them. in order to create change you have to be honest you have to tell the truth artie's able to do that every story is built on going after the back story to what's really happening out there so the american public what's happening when a corporation makes a pharmaceutical chills people when a company in the environmental business ins up polluting a river that causes cancer and other illnesses they put all the health risk all the dangers out to the american public those are stories that we tell every we can you know what they're working.

hey folks welcome back and then a smaller plus one interesting chat with a man i well. people throw fandom are traditionally a click but if i flip through and i see this guy as i watch it because i always find him interesting he's a venture capitalist entrepreneur longtime star of shark tank also some of yea at leary fine wines as he said he's won 10 awards now he's shipping morris' of a 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 adam nomen book is. i don't know if it's

a naive today or an urge to do well or some some sort of dangerous all true as i do believe all truism can lead up to lessons at some point of tender 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. it is there is a new movement of for 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 don't want your 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 and 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 a cell so you get a sustainable use over and over again you drop it inside with 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 pattern we can take

any cleaning fluid crystallize 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 you just people give a you know they care they 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 says i could tell that the new blood was in the water for you on that lawn when you just went 6 from 8 you didn't ask for a 1st sale piece of it i know 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 designed it so you didn't scuff your shoe because most of them have little you know the teeth on so you stick your shoe on and you scratch your whether 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 piggish it bought it i don't think you have to spend this much to procure them i think they'll come to you if they feel you're doing the right thing. 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 you know 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 you have 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 it just i keep looking at these examples here's another one is a company that that makes greeting cards love reading cards are right it's a great income have seen us they went from retail june the pandemic and shifted 79 percent of the 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 boat we just exploded and they have millions of people ordering the carts i mean i'm all

amazed at the power of television the power of social media the power podcasting 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 given that what i was one thing about than that 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 anymore it's almost like a brick and mortar is going the way of the cabbage patch kids or something but that's going to be a big challenge in the future isn't it the malls 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 they think 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 in will cubicles and i want that in yes they have no interest in working cubicle so they're not coming back and if i can accommodate them they're going to work for somebody else that's going to become a feature of employment or 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 this technology says 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 why can't you just do 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

the sapulpa 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 golfed that he you know i knew it was a wizard site pick his brain and he told me he was golfing once and the crescent died in 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 then the guy says it's a follow richard where like the 3rd oh i said it's a what these are it's a photo. i said i can't finish the round he went back to the club us best and said we're going to liquidate and 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 where you've got to glean it 1st then yeah very very quickly you're right kevin yeah because it's not just a mess the competition is a guy in shanghai or mumbai and once a kick your willing 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 and 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 number the snotty there's a 1000000 knock offs 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 myrna 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 gandhi was

a sweat act but penny's a a get that guy in the 2nd chair over and knew he had to go but you look at some of these guys at the mics and the mix of listen folks people get whacked in television they're not like an anybody over there hardly because whoever picked picked the right crew. you know i remember that breakfast with her dad in a place you know call 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 so 2 in the afternoon together shutters never talking about shark tank what are bunch of other stuff and he said look lou is going to pick up the morning when to shoot in the paramount lot. anyway as 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 honor of the guy. and i 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 mean 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 don't see they're going to say 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 easy the really fun got to work out smart guy i'll 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 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 market 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 someway 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 savvy advice thanks for your time kevin o'leary and of course shark tank stories good to meet you brother. thank you very much sense enjoy it take care my friend. later gator that's kevin o'leary this is dennis miller plus what.

could 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 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 but if you drill down to look at the real numbers and especially the rent numbers right 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. arts in america brings you stories of significance news the proper media uses to show you some social movements to civil wars to tech breakthroughs to epidemics

because our journalist and audience ally dear to question more. thanks thanks thanks. greetings and salutations u.s. immigration policy is a maze with vulnerable families caught in the middle of never ending red tape the trumpet ministration was known for its cruel policies but honestly both sides of the aisle are to blame for kicking the can down the road for years leaving migrant families in limbo and contributing to chaos in our nation's southern border and again this isn't simply a republican a thai immigration nationalism or america 1st idiology problem for their part haitian migrants refugees and those actively seeking legal status in america have been fighting since the ninety's.