Back to episode — Episode 2502 CWSA 06/11/24
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's called bad moral turpitude. Moral turpitude. You can lose your liquor license if someone else decides you have bad moral turpitude. What exactly is that? Well, I'll tell you from my brief experience getting a liquor license. So when I owned some restaurants, I had to go through this. So I got checked the same way in California. They checked to see if you have moral turpitude. But I was told, a…
← Previous segment →the assets they can basically just take from you if they say that you caused climate change, and the AI regulations and the crypto regulations. It's basically everything bad for business at the same time.
Trump campaign is launching a Latinos for Trump effort to show that they're trying to get a lot of commitment. I have mixed feelings about this. One of the things we like about Trump is he's not pandering to demographic groups. I mean, compared to most people. And this is a little pander, but maybe it is the right time because they're trying to get more attention to the fact that other people are already moving to Trump in the Latino community. So maybe it's good. I think this one's a coin flip.
But maybe, you know, if you were a member of a demographic group that a candidate targeted and said, hey, you guys in particular should be for us, how would you feel about that? Would you feel it's like, oh, so pandering. Why are you treating me special? How about just I'm a citizen? So I've got mixed feelings about it. It might work. It might just make people say, oh, they really want me.
One of the rules of persuasion is the ask. And Trump is good at that. The ask is, I want you to vote for me. I'm asking you to vote for me. And if you don't actually ask for it, it's weird. People won't do it even if they support you. They might not cross the street to do anything about it. But if you ask and it forces them to answer you, you're much closer to closing a deal. So always do the ask. So that's the part that this gets right.
I think Laura Trump is going to be a superstar when the election's done. I've got a feeling she's going to get a lot of credit if Trump wins, and it looks like it would be warranted.
There's a new study that says that if at first you don't succeed, you should probably give up because rarely do people who fail go on to succeed later. Are you buying that? So apparently if you look at all the situations, such as let's say taking the LSAT test, the people who fail at once are unlikely to pass it later. Some do, but they're unlikely. So the thinking there is that it's a big lie that failing is how you succeed.
All right. Since I wrote a book called "How to Fail at Almost Everything and Still Win Big," allow me to correct this. Number one, do not give the same career advice to smart people as you do to dumb people. That's a very good rule. Don't give the same career advice to smart people as you'd give to dumb people. A smart person, you might say, you know what, you should go as far as you can with your education because a PhD is going to open more doors than a master's, opens more doors. So that's what you do to a really smart person.
If somebody can't do that, you don't say keep taking that LSAT, you'll get it, if you know they can't. So you don't give the same advice to people who don't have the ability to win as you would to somebody who does have the ability to adjust, correct, try harder, and make it work.
And it is true that every time you fail, you do learn something unless it's just taking a test and you don't learn much. But in life, if you fail, you're usually learning something. So the other day I was playing tennis and I extended myself going for a ball and I pulled a hamstring. Now I failed, so I had to stop playing. Did I learn anything from it? Yes. Yes, I learned what my new limit is of my current body. You know, because my brain was still back in my old body, so I didn't know what I can and ca
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nnot do. So I adjust. So next time I play, as soon as I heal, I won't do that. I just won't do what I did before. So no, people do learn from failure, but not dumb people. All right. There's a billionaire, Pierre Omidyar. He's I think he's American but he was born in France. And where did he get rich? Was it eBay? I forgot anyway. He's figured out how to do with George Soros. So you know how Geo…
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