Takes

The $1.2 billion valuation of the Enhanced Games is a fake number.

The enhanced games just got valued at $1.2 billion. And the enhanced games... are the steroid users alternative to the Olympics. It's being run by Peter Thiel. It sounds like it's a fake valuation because it just sounds good to say $1.2 billion.

AI technology is failing because it doesn't justify its investment costs

I think AI is in hot water. I feel like this is, we're we're in a good spot as humanity right now where AI has not been making enough money to justify all the investment. ... We might beat the robots.

Fighter pay has increased with every new deal and will continue to go up with the Paramount Plus deal

Since 2001, the day we bought this company fighter pay has gone up. Every new deal that we've done, fight, pay has gone up and obviously fight or pay will go up for this deal. It's incredible for the fighters.

Sports owners should be forced to sell if their team doesn't make the playoffs for five consecutive years

I think they should have a new rule in own, in, in all sports that if, what call it five years, if you don't make the playoffs in five years, automatic sale. Like whatever the threshold is, that would be awesome. 'cause relegation is never gonna come to American sports. But if you could relegate owners that would be sick.

The Chicago Bears are the most under-marketed entity in American commerce

I don't believe that there is a more under-marketed entity in American commerce than the Chicago Bears... in this city... it's a football town... and with the Bears, you know, in '85 and like that was, it was just, it engulfed everything. And they've been living off it since.

Jeff Bezos is still interested in buying the Celtics despite reports to the contrary

I'm gonna dispute that report and say [Jeff Bezos] is not done [being interested]. He probably wants to buy a football team... but if you're a billionaire like Bezos, it's probably easier to buy a team that's not in complete disrepair and take that over like the Celtics. You've got a winner, a proven winner already. So I'm gonna dispute that report and say he's not done.

Patrick Mahomes and Travis Kelce's steakhouse, 1587 Prime, will fail within three years of opening.

He's opening up a steakhouse. That's really it. Like, you know, when you finally have made it, you have to. I should say the final, final step is the steakhouse failing in like three years. They're naming it 1587 Prime. So it's Kelce and Mahomes together.

Foreign investment funds will eventually buy American sports teams as prices exceed what US billionaires can afford

As the teams get more and more expensive, there's fewer and fewer people who can afford to pay for these teams. At some point, the foreign investment funds are gonna become part of the shrinking pool of available billions that can buy American sports teams. We might be on that slide down there.

Take $500,000 over a dinner with Jay-Z

[$500,000]. Because most likely Jay-Z has said it a million times in various different ways. So it would be like me saving $500,000 just to spend two days looking at every single interview he's ever done... why do I need to listen to him? I could save $500,000.

Sam Bankman-Fried is the latest Bernie Madoff

My hot seat is crypto in general. Sam Bankman-Fried from FTX is the latest Bernie Madoff right now. It's been in the news. He had I think about $40 billion and now he has $0 because his entire platform went bankrupt.

Jeff Bezos hates fat people, poor people, and people with weak bladders

I'm pretty confident in saying Jeff Bezos hates fat people. He hates poor people. It's people who have like weak bladders, he hates. There's a lot of people that Jeff Bezos finds disgusting. That's a fact.

Late-night TV news commercials for products like CarShield are frauds

When I see them up there, those products are fraud... I mean, they wouldn't be advertising there if they weren't a fraud. I have an occasional check with the FTC site and the Better Business Bureau to see various of these companies have all sorts of consumer complaints against them. And what a shock!

NFTs are becoming more valuable than diamonds

Turns out there's a bunch of new diamonds that are fake, but no one can tell the difference... De Beers is totally panicking because now diamonds have no value. So Hot Seat: Diamond... NFTs are kind of more valuable than diamonds, I think about it.

The Buccaneers had no legal right to reclaim Tom Brady's 600th touchdown ball from the fan

I looked at the season ticket agreement. I looked at the general ticket agreement... there's nothing on the Tampa Bay Buccaneers tickets that would give them the right to go get it... I don't think they'd have a leg to stand on if it would end up in court.

There is a greater than 50% chance Dan Snyder is forced to sell the Washington Football Team

I'd say once somebody with the power to get to the bottom of it gets involved [Congress], it gets north of 50... Once we know about some of the things that Beth Wilkinson, the investigator found, yeah, I think it becomes untenable at that point publicly for Snyder to continue.

Car dealerships are all bullshit and haven't changed in years

The car dealerships have never changed. They advertise what they do, but it's all bullshit... I really believe if I went into one of these dealerships, not so much that I could sell cars, but I could show them what the fuck is wrong with what you're doing.

Mark Davis will eventually have to sell the Raiders because he won't be able to afford the inheritance tax.

And then when Mark gets the team, he's not going to have the money to pay the inheritance tax on it. Correct. And so he'll have to sell that team.

Money launderers finding NBA Top Shot is actually a good thing for the market

I actually think that the money launderers finding Top Shot is a great thing. It's perfect because now that's injecting a whole new level of cash into it.

I'm shorting Robinhood as soon as they go live

I'm shorting Robinhood, though, when they eventually go live.

Wall Street will eventually make it illegal to talk about stocks online once they realize message boards are too powerful

What will probably happen is there's going to be one hedge fund that goes out of business like Bear Stearns or whatever and then they're going to come back, rewrite the laws so it's going to be illegal to talk about stocks online and then boom now they're fucking you again for the next hundred years.

Amazon will eventually buy the entire NFL

Amazon is going to buy the entire NFL eventually. You think it was a one-off [the Amazon game]? It is not. Amazon is going to buy the entire NFL.

A parlay strategy involving five underdogs has a 50% likelihood of profit

I plugged in 32 outcomes, and then once each outcome happens, you see how much money you stand on winning in that moment... this actually has a 50% likelihood of being positive.

The US should implement a $1,000 stimulus check every two weeks for a couple of months

The idea of thousand dollar stimulus every two weeks... when people have money to spend we can boost up the economy... That's not a long-term solution... but if you do it every two weeks for a couple months and you also make it you have to spend it or lose it... that puts money into the economy that has a multiplier effect.

Joe Biden's plan to tax capital gains at regular income tax rates is a huge mistake

The way that even Biden—who I'm going to vote for—is saying that he's going to make the capital gains rate the same as regular income tax rates if you make over a million dollars, that's a huge mistake because that's going to negatively impact investment and creating jobs.

Modern Monetary Theory and sustained stimulus should be given a chance to work

There's this whole thing called modern monetary theory that says that there's a certain threshold of debt that you can keep on adding... We should just give this modern monetary theory approach with the stimulus payments a chance to work and see what happens because you never know where we'll end up.

Mark Cuban made a mistake by not buying 10% of Big Cat's brain for $1 million

I'll go with Mark Cuban up buying 10% of my brain he's an idiot that was a dumb business decision I'm going to make I'm going to make that money back it was for a million dollars he regrets it 1 million dollars and he got all my lifetime earning from that day forward.

Business is the ultimate competition and much harder than professional sports

In basketball, you compete for 48 minutes. You practice a couple hours. You guys know in business, it's 24 by 7 by 365, and everybody's trying to kick your ass. Everybody's trying to come after you, and you got to battle all the time. Sports are easy, easy. Business is the ultimate competition.

If NCAA rules don't change, cryptocurrency will be used to pay college athletes

If instead of way rules don't change something is going to be the new thing because It is again. That's how it works. It has to happen... it wouldn't surprise me if that's the that's the move in the next couple of years if nothing changes.

Flavored 'Water for Dogs' is a billion-dollar business idea

I came up with a billion dollar idea maybe quadrillion or trillion dollar idea: its water for dogs... why not a little flavored water for your dog? So you can either go with the Savory option and have it be like a bacon flavored water or bone broth water.

The markets and real estate will crash in the next 6 to 12 months

Everything's going to crash over the next 6 to 6 months to 12 months. And then you buy it. Gold. Everything's gonna crash.

WeWork is a disaster that will inevitably go to zero.

You are a zero and you're going to zero with a bullet... It always goes to zero because what you're basically doing is taking long-term debt obligations to either lease or buy a building and then you're providing short-term leases to some really shitty companies that don't make any money... It is a disaster on wheels.

I can sense the 'aura of success' or failure in a person before they even speak.

I can actually tell now when they step out on that carpet... and at that moment I can sense their aura. And I know exactly whether we have winners or losers. They don't even have to say anything. I'm right a hundred percent. I can now at this point sense the aura of success or losers.

There is a 90% chance I will sell $1,000,000 in Zillion Beers merch by Sunday

[What percent chance do you think you have to make a million?] A zillion? Yeah. Actually, 90%.

Big Baller Brand is failing because of government regulations

I don't know what the problem was, the big baller brand, because the business plan was solid. They had great spokespeople getting free advertisement all the time. And now they're just relegated to the discount rack at Kohl's. Well, not with all this regulation.

Women over 34 need backs on barstools, while younger women prefer stools without them

When you have women over 34, you put her back on a barstool... Under 34, you don't. And the reason why is over 34, women get very sensitive about their asses... Under 34, I want you to spin around for interactivity.

QuadrigaCX CEO Gerald Cotten fake-died in India to steal everyone's Bitcoin

This guy is alive. He has all your Bitcoin. If you have Bitcoin with him, I'm sorry, but he's fake dead and you're shit out of luck. He went to India and now he's dead? That is the best place to die if you're going to fake it. He is whale fucking with John McAfee.

The Bitcoin exchange CEO who reportedly died with the passwords is not actually dead

There's no way he's dead, right? There hasn't been a good fake death in a while... He is living it high with, he's probably fucking whales with John McAfee in wherever the hell they are.

The craft beer industry is currently being killed by bankers

Craft beer is getting freaking killed right now. And what's happened in the craft beer world... originally when people started making craft beers, they were into the beer. Now they're freaking bankers that are into the money. So half the craft beers now suck.

Millennials ruined the service industry because they prioritize social media gratification over hard work

There is a difference between the people that we hire today and the people we hired 15, 20 years ago... When you grow up with social media today, you can post a picture of yourself looking the worst you've ever looked and somebody's going to say, man, you look great today... So we grow up getting this instant gratification all the time... when millennials now go get jobs, the gratification isn't as quick as they're used to, so they leave and they don't stay very long.

NFL owners should pay for their own stadiums without taxpayer money.

The owners should pay for their own fucking stadium. A segment that we'll throw out there... If the taxpayers pay for the stadium, they get to decide the rules. No laws inside the stadium. Anything you want.

Facebook is officially done as a relevant company

I'm calling my shot. I'm going to put the PFT death stake is going into Facebook right now. Wow. They're done. Have you been on Facebook recently? No. It's trash... it's all ants, trolls, and ants.

Elon Musk is a total fraud.

I'm so here for Elon Musk, like, just having meltdown after meltdown because everyone realizes he's a fraud and, like, promising people to go to Mars. ... Elon Musk... Total fraud.

People with the biggest egos usually have the thinnest wallets

Ever notice that people with the biggest ego have the thinnest fucking wallet? Because he doesn't listen to anybody. His ego gets in the way, they're typically not very successful.

Big Cat should buy Bitcoin, but PFT Commenter should stay away

Should you buy Bitcoin? I would say for Big Cat, I'd say for sure do it. For PFT, I would say not a good idea for you right now.

I'm starting a styrofoam cup and plastic bag company to 'zig' on the green energy market

What do you think the reception would be if we tried to start a styrofoam cup plastic bag company? ... I feel like there's a market for it because a styrofoam cup is a sturdy cup. ... I bet you we could get in on this nostalgia and be like 'hey, remember the cups that like killed all the wildlife in the world? We're bringing them back.'

People with the biggest egos have the thinnest wallets

You ever notice that people with the biggest ego have the thinnest fucking wallet? Because he doesn't listen to anybody. His ego gets in a way that's typically not very successful.

Peyton Manning definitely used insider knowledge to sell his Papa John's franchises

Peyton Manning sold 31, all 31 of his Papa John franchises in the Denver area. Two days before Papa John was no longer the official pizza of the NFL... You are a savvy investor, my friend. Very smart. You read the tea leaves.

NFL players have no leverage in CBA negotiations because they will never strike

I think they're [the owners] going to take us behind the woodshed again. They got us last time. We have no leverage because we'll never strike. They'll lock us out and really kind of just dictate the terms of everything with us.

Bitcoin is the future and will replace physical money

You think that the dollar bill's in your pocket right now? You think they're going to last forever? You think money's going to last forever? Okay, so Bitcoin's the future, baby. There's not going to be money in the future. There's going to be Bitcoin.

Texas is the only state that exercises sovereign immunity on contracts

Sovereign immunity is really appealing to third world dictators. ... the only state, the only state that exercises sovereign immunity on contracts is Texas. ... every state in the country eliminated exercising sovereign immunity on contracts, except for Texas does it to this day. ... And North Korea, I mean, sovereign immunity is a big deal with North Korea, Somalia. And that, you know, that's the company that's being kept if you exercise sovereign immunity on contracts.