Episode Transcript
[00:00:00] Speaker A: I bet, though, there's people that have no data center signs in their yard that they use ChatGPT to design.
They went to Printful and printed them and then had Amazon deliver them.
[00:00:10] Speaker B: Probably. Yeah.
[00:00:11] Speaker C: It's Brian and Brad.
Grab your seat.
Real talk served with a boozy beat.
Tune in, don't even blink.
Cause real estate makes us drink.
[00:00:33] Speaker B: Feel like you're getting closer and closer.
[00:00:34] Speaker A: Well,
[00:00:35] Speaker B: hey, everybody. Welcome to Indiana Success Happy Hour. We're happy that you are here. Feel like it's been a while since we've been here.
[00:00:42] Speaker A: Well, we were in Cabo San Lucas the last time we did.
[00:00:45] Speaker B: That's true, actually. Yeah. Because we had recorded the Libby episode before we left for Cabo, so. That's right. Dang, man.
[00:00:51] Speaker A: We got some. We got some stuff to talk about
[00:00:53] Speaker B: in a while.
[00:00:54] Speaker A: What are you drinking?
[00:00:55] Speaker B: Something you pulled out of your fridge.
Schlafly. I don't know if that's pronounced correctly, but. Vanilla Pumpkin Ale. Funny label here.
Vanilla Pumpkin Ale blends classic pumpkin pie spices with the creamy sweetness of vanilla. Life is short.
Drink dessert first.
[00:01:14] Speaker A: I love that.
[00:01:15] Speaker B: That's. That's very clever.
[00:01:19] Speaker A: So for me today,
[00:01:20] Speaker B: I asked what you're drinking, but there's no gossip.
[00:01:23] Speaker A: Today's been a rough day.
[00:01:24] Speaker B: Has
[00:01:24] Speaker A: it? If you've seen that The Dow closed 1800 points now.
[00:01:28] Speaker B: Oh, my God, it was so up yesterday.
[00:01:30] Speaker A: Today was a really rough
[00:01:31] Speaker B: day. So
[00:01:33] Speaker A: I think today's
[00:01:34] Speaker B: gonna. Oh.
[00:01:35] Speaker A: Really require a little bit of drinking.
So I want to.
[00:01:40] Speaker B: This is about to be the greatest episode in the history of the podcast.
We're going full in. Wow.
[00:01:48] Speaker A: Thank you.
[00:01:49] Speaker B: Thank
[00:01:50] Speaker A: you, Blanco.
[00:01:55] Speaker B: Oh, Anastra.
Wow.
What is Valens? I don't think I've heard of this
[00:02:01] Speaker A: one.
[00:02:04] Speaker B: Wow.
Wow.
I'm not driving anywhere.
[00:02:08] Speaker A: The launch is a fantastic. Tequila made it. Nom. 1579 El Tendio, which is Felipe Camarani.
[00:02:16] Speaker B: Sure. Yeah.
[00:02:17] Speaker A: And it is.
That's good.
So we're gonna have a little balance. We're gonna. We're gonna wash this incredibly horrible day
[00:02:28] Speaker B: away. Oh, delightful.
Greatest episode in the history of this podcast.
Okay, so the Dow is down. Well, there's. That.
[00:02:45] Speaker A: There's a lot of
[00:02:45] Speaker B: things. Triangle Ventures is up. So we're happy there.
[00:02:48] Speaker A: We're happy there.
The.
Today. You know, yesterday everything was up.
[00:02:55] Speaker B: Yeah.
[00:02:56] Speaker A: And I had the opinion that, you know, the market likes certainty. Of course. And now you have a.
[00:03:04] Speaker B: After months and months of uncertainty. Yeah. It was finally certain,
[00:03:08] Speaker A: but now it's not so certain anymore. Actually, what I read. Reason was up yesterday is because there was a, a dip in, in oil.
[00:03:15] Speaker B: Oh,
[00:03:16] Speaker A: oh,
[00:03:16] Speaker B: yeah, that's
[00:03:16] Speaker A: right. They really expected that to continue and. Oh, it didn't.
[00:03:19] Speaker B: No.
[00:03:20] Speaker A: Went away.
So there's a lot of governors that ran on stopping data centers. And we have this hatred of data centers.
[00:03:31] Speaker B: Very much so.
[00:03:32] Speaker A: And we have this fear of data centers. And, and we think there's two kinds of, we think there's one that's
[00:03:39] Speaker B: here. Two kinds of data.
[00:03:40] Speaker A: Two kinds of data. Okay. That, there's one that's for like Facebook and those are okay because I use that every.
[00:03:46] Speaker B: Well, yeah, of course.
[00:03:46] Speaker A: But then there's the other AI stuff.
[00:03:49] Speaker B: Right. So I don't use or won't use.
[00:03:52] Speaker A: Right.
Because, you know, one of the biggest data centers being built today in Indiana is being built in Lebanon, Indiana, and that is being built by this company, Meta.
[00:04:06] Speaker B: I'll tell you what, around here, Meta is putting so much money into advertising.
Like I see it all the time about how Meta is helping the city and town of Lebanon. And they've got, you know, Lebanon residents who are promoting and how good it is for their talent. And I like, wow, Meta's really getting behind. They
[00:04:26] Speaker A: also have donated over $700,000 to the school tools,
[00:04:29] Speaker B: which is great.
[00:04:30] Speaker A: Yeah. So, so that one must be okay because Meta, for anybody who doesn't know, that is Instagram and social media. That is Instagram, Facebook and their, their muse, their WhatsApp.
That's, that's one of the biggest data centers here. Then the other largest data center in Indiana is one that's being built by a company called Alphabet.
Now that sounds like they're probably a good company. That's probably schools.
[00:04:58] Speaker B: Well, they own Google.
[00:04:59] Speaker A: Oh, it's Google. Okay. And Google, they're not a part of anything. Like driverless automobiles.
[00:05:05] Speaker B: Oh, God no.
[00:05:07] Speaker A: Oh, they own Waymo.
[00:05:09] Speaker B: Oh, okay.
[00:05:10] Speaker A: All right, so AI, if you really want no data centers and you want no AI, you need to go and purchase a dial up telephone and plug that into your wall in your house and get rid of your cell phone. But oh, wait, that won't work either because your utility companies no longer run just regular phone lines. They're running fiber optics and it's also run by AI. So it's also a data center.
[00:05:39] Speaker B: So you got to go off the grid. That's what I'm hearing.
[00:05:41] Speaker A: Yeah.
[00:05:42] Speaker B: Okay.
[00:05:43] Speaker A: So now this war on data centers, everybody, everybody wants to use the stuff, but it's not in my backyard. Right, but everybody has a backyard.
So they're going to build them someplace.
And what I watch today happen in this, the stock market, Nasdaq now, they're all down, horribly down. One of the biggest downturns in a really, really long time.
Trillions of dollars and a lot of it is in tech. And that same person that is screaming no more data centers probably has a large portion of their 401k invested in companies like Apple.
[00:06:24] Speaker B: Yep.
[00:06:24] Speaker A: Google.
[00:06:25] Speaker B: Yep.
[00:06:25] Speaker A: Facebook.
[00:06:26] Speaker B: Yep.
[00:06:26] Speaker A: Nvidia, Palantir, OpenAI, you know, all of the stocks that have had great returns. Microsoft. Microsoft, yeah, don't forget about Microsoft. You know, stop using your computer.
So this war on data centers may really turn out to be a really large war on people's retirements.
Now if you're 30 years old, who cares? Right. But if you're 60 years old,
[00:06:54] Speaker B: it matters.
[00:06:55] Speaker A: You could lose a large portion of really well dividend paying stocks.
And you know, back when Elon Musk was a great guy because he was doing everything only for the environment and you know, he was as blue as they came until they're like, wait a minute, he likes Trump, we hate Teslas and everything he does.
There's a lot of people still driving around in their Tesla that's connected to a satellite that's utilizing a data center.
[00:07:22] Speaker B: Yeah.
[00:07:24] Speaker A: So I think it's an important thing for people to actually do some research on what those data centers do and how does it really affect your, your real estate. Right. Because that's what we're worried about, our utility bills and our real estate.
[00:07:36] Speaker B: You know, it's interesting listening to a recent podcast. Mark Cuban was the guest and he is not as skeptical about the future of AI and what it could do to humanity as others, which I found that take interesting in his explanation. But that's not what I'm getting at. He actually makes a joke about data centers in that they are going to be the largest pickleball courts in the country. Because he says what, what's going to be realized is we don't need the data centers because smaller is bigger when it comes to tech. And you know, it's a. He was kind of disgruntled with the amount of money being put into it and the fact that people are going to realize they were not needed at all.
[00:08:24] Speaker A: Sure.
[00:08:25] Speaker B: And yeah, that's going to piss a lot of people off if that eventually comes to fruition.
[00:08:29] Speaker A: Well, think about the size of our televisions. Correct. Years ago.
[00:08:31] Speaker B: You're absolutely right. And helm the computer itself.
[00:08:34] Speaker A: Right.
[00:08:34] Speaker B: You know, the size of where that started. And there is
[00:08:37] Speaker A: now used to be the size of a, like a what, four story building.
Yeah. Like, this can do more than what NASA's computer could do when we supposedly put people on the moon.
[00:08:48] Speaker B: Yeah. So, you know, and there's, I've seen at least one article of a South Bend data center and that the farmers and landowners around there are struggling for water.
There's one woman particularly interviewed who said that her well has all but dried up in her backyard. And that's never happened in the entire, you know, 20, 30, 40 years that she's lived in the house.
And, you know, she's made pleas to, to the company out there, like, hey, you know, I'm losing water here. Is there something we can do about it? And, you know, making pleas with the city.
So that is an example of somebody who's struggling because of the water that's being consumed. My take is a, I, it hasn't affected me, so it's hard for me to be, you know, somebody who complains about it.
But I feel that we're too early in the stage of what this is all really going to lead to in the long run. And it sucks, because then Lauren could be terrible. But in the long run, it may not matter at all. And all the, you know, hubaloo that's going on now, you know, could be for nothing.
[00:09:59] Speaker A: My son bought a house that had 100-year-old well.
[00:10:01] Speaker B: There you go.
[00:10:02] Speaker A: And there's no data center anywhere near him. And his well went dry.
[00:10:06] Speaker B: So
[00:10:06] Speaker A: just
[00:10:07] Speaker B: happened.
[00:10:07] Speaker A: Wells go dry.
[00:10:08] Speaker B: Absolutely.
[00:10:09] Speaker A: So the, the world's most convenient thing for me to say if my well goes dry, it's because of these big warehouses that are over here, right? Yeah. The problem is, is none of those, well, none of those buildings are on wells. They're on city water, and I'm not on city water.
And if the city still is pulling water from the aquifer, does that automatically make my well go dry? I don't know. I don't know.
[00:10:33] Speaker B: I have no idea.
[00:10:36] Speaker A: So I don't know. I, I, I think that there's.
If everybody doesn't want them, they have to put down their phone and their computer.
[00:10:44] Speaker B: Yeah.
[00:10:44] Speaker A: And they gotta stop posting about data centers on Facebook, on social media, because it's being stored on a data center somewhere on a cloud.
[00:10:54] Speaker B: Yeah, exactly.
[00:10:55] Speaker A: So I think it's a crazy thing. So I really hope that we don't have this massive, you know, stoppage and see some of these companies that hold a lot of America's retirement in their 401ks and their Roths.
[00:11:12] Speaker B: Yeah.
I hadn't at all considered your argument that you Know, it's a war not just on data centers, it's a war on 401ks. And it's very logical.
[00:11:21] Speaker A: Yeah. I mean, go look at who lost the most today.
[00:11:24] Speaker B: Yeah.
[00:11:25] Speaker A: You know, and I, I hope you don't own Tesla
[00:11:30] Speaker B: or a Tesla.
[00:11:31] Speaker A: Yeah. But Tesla, not the stock. With stock. And SpaceX, which I have, I have quite a bit of both. I'm not, I'm not going anywhere. I think that company is amazing. I think some amazing thing is going to happen because of that company.
But I think, you know, there's going to be a war on Elon Musk, you know, because there's this thing where because he has so much he shouldn't have it and he should have it taken away. That's not fair.
And I, I'll say this. Because Elon Musk is a trillionaire doesn't mean that's why I'm not.
[00:11:59] Speaker B: Yeah,
[00:12:00] Speaker A: right. He didn't. We don't live in this pie society because I have mine, you don't have yours.
Face it, none of us are as smart as him.
[00:12:10] Speaker B: True.
[00:12:10] Speaker A: And I don't know anybody that's worked. Like, I've read that he has
[00:12:15] Speaker B: worked. I, I've seen that and read that as well.
[00:12:18] Speaker A: Down to a single person.
[00:12:19] Speaker B: Yeah.
[00:12:19] Speaker A: In, in my lifetime that's worked as hard as he's worked.
[00:12:22] Speaker B: And you know, you don't know the billionaires and what they're truly doing with their money, you know, on a, on a give back basis. Okay. Some of them do kind of advertise, you know, where there's, where they're sending money, how they're helping causes, things like that. But you know, there is a segment of their finances that they donate and they help out causes and you know, they give a lot back that they may not give a damn if anybody knows that they do that. And they, but they do.
So, you know, I find it hard personally to say, yeah, we just need to continue taxing the rich.
You know, the other argument being, you know, they could never spend all that money. And honestly, they got rich because of money that a lot of us, you know, citizens poured into their business. And so as a way to give back, not
[00:13:16] Speaker A: as a non sir, we, we paid for a service. You are correct. Right. Jeff Bezos. I don't care that he gets richer and richer because he keeps bringing me the things I need faster and faster.
And just so you know, Amazon requires a data center to order from there.
AWS is one of the largest cloud computing companies in the world.
So when you're ordering from Amazon. You gotta stop that if you don't want a data center. I bet, though, there's people that have no data center signs in their yard that they use chat GP to design.
They went to Printful and printed them and then had Amazon deliver them.
[00:13:56] Speaker B: Probably. Yeah, yeah. It's interesting referencing the podcast that I was listening to with Mark Cuban and he says he believes that what's eventually going to stop the advancement of AI is going to be money.
He said people don't realize these AI companies are operating at a huge loss and they continue to borrow money from, you know, banks and financial institutions and things like that. And he goes, eventually these institutions are going to say we can't keep lending money to companies that are billions of dollars in the hole. Which I did not know. And that was it. I was like, wow, that certainly can put things to a halt.
[00:14:40] Speaker A: Well, I mean, Facebook is running out of profit.
Google was running that a profit.
Amazon, they, they're making money.
AWS is making money. So I, I don't. Maybe he's probably talking about maybe open AI and Claude. And
[00:14:57] Speaker B: I'm gonna say yes, but I, I won't say 100 for sure that's accurate
[00:15:01] Speaker A: because I don't know, like Nvidia, I, I believe they had really good.
[00:15:05] Speaker B: Yeah. And I will say the reference was tech companies.
And you know, Meta, of course, is a tech company. Amazon, sorta.
But you're right, the open AIs, the clods, the companies that own that. Yeah, I mean they're.
[00:15:20] Speaker A: Or is it Nvidia and Palantir and those companies
[00:15:25] Speaker B: that he did talk a lot about,
[00:15:26] Speaker A: those stocks took a big hit today.
I have a lot of those.
[00:15:32] Speaker B: Really feel it. Hence the gigantic glass.
[00:15:35] Speaker A: Probably need another bottle.
Here's the thing though. I'm not ready to retire.
So those will come back.
[00:15:44] Speaker B: Yeah,
[00:15:44] Speaker A: right. I truly don't believe AI is going to go anywhere. I think.
[00:15:47] Speaker B: No,
[00:15:48] Speaker A: we've been using it for so many years. That's the thing that people don't really realize.
AI has been a part of a lot of things. It's just advancing faster and
[00:15:58] Speaker B: becoming. It became a public thing. You know, it wasn't in the background of businesses that we didn't know were using it
[00:16:05] Speaker A: that. And it comes down to the growth thing people are when they're not getting part of it.
Like if you're the farmer that's getting the $13 million to sell your, you know, a hundred acres so they can build a building, you're not mad.
But the neighbor next door who doesn't have, you know, has a little plot of land is, says, you know, these guys are taking advantage of the farmers. They're like, no, they didn't kidnap the farmer and then hold his land for ransom. And then
[00:16:33] Speaker B: I don't think so
[00:16:34] Speaker A: dump it. No, because I know a couple of them, okay, They've moved.
They're very happy to move to someplace warm and take their, you know, literally millions of dollars that these buildings out here where we live have gone on.
So it's the guy next door that didn't get it. But if the building came over and said, hey, we're giving him 11 million, and we want to go and give you 11 million too, all of a. Let me take that sign out of my yard, you know, because I, I want to get a new phone.
[00:17:01] Speaker B: I was just about to take that sign out of the yard.
[00:17:03] Speaker A: Right. So I think it's, it's more of. I think it's more of I'm not getting any, so no one else should, you know, Buc ee's is getting rich. Everybody loves Buc ee's. That I'm gonna have to drive past Buc ee. So no buc EE's.
[00:17:15] Speaker B: Yeah.
[00:17:16] Speaker A: I wish they'd build a Walmart closer to me.
All right. Like, it's all selfish,
[00:17:22] Speaker B: and you're a hundred percent correct there.
[00:17:25] Speaker A: So
[00:17:25] Speaker B: it's, it's, it's selfish. It's a Not in my backyard.
It's, you know, and I will use myself an example. It's not a problem for me until it's proud.
[00:17:35] Speaker A: Right.
[00:17:36] Speaker B: And so, you know, till we get to that point, like,
[00:17:39] Speaker A: okay,
[00:17:39] Speaker B: it is what it is.
[00:17:40] Speaker A: They're gonna, they're proposing a data center one mile and a half from my house, maybe a mile and a quarter from my house. Right across from the big Walmart distribution.
[00:17:48] Speaker B: Yeah, right.
[00:17:50] Speaker A: And I don't care.
So as a, as a homeowner, how is that data center a mile and a half down the road going to negatively affect my house's appraised value? Where does a data center go on the appraisal?
[00:18:04] Speaker B: I'll be honest. I, I, I don't have any idea.
You know, from my understanding of, you know, appraised values of homes. It's not, it's not just about the homes that are in the area. It's about business that are in the area as well.
And I don't know that a data center increases value necessarily if it. As opposed to, like a store or a restaurant or something that, that, you know, I, I don't know, I'm rambling.
[00:18:34] Speaker A: So think of your appraisal. When you look at an appraisal, what are the, what are the things used to create the value of your house?
[00:18:40] Speaker B: Comps in the area that have
[00:18:43] Speaker A: comps. So like is a data center a comp?
[00:18:47] Speaker B: I, I would not think so because it's not comparable to my house.
[00:18:50] Speaker A: Right. It's not a residential property.
[00:18:52] Speaker B: Well, that too. But also like, you know, sheer size and.
Yeah, square footage, all that.
[00:18:59] Speaker A: Two million square footage.
[00:19:00] Speaker B: Exactly. No, it's
[00:19:01] Speaker A: with my own nuclear power plant. My
[00:19:02] Speaker B: own. It is not comparable. My
[00:19:04] Speaker A: own water system that redoes all my own water.
[00:19:07] Speaker B: So my thought would be, realistically, it shouldn't affect my appraisal.
[00:19:10] Speaker A: Correct. We had this whole discussion. They were going to build a neighborhood behind my house that was going to be owned by one company. And all of those homes in that neighborhood were going to be rentals and none of them were going to be individually deeded. It was going to be 1D commercial property with 300 homes on it.
[00:19:31] Speaker B: Interesting.
[00:19:32] Speaker A: Similar to an apartment building. But they were all single family homes. Some of the neighbors threw a fit. These are going to ruin our value.
They're not going to be used in any of the value of your home.
[00:19:42] Speaker B: I'm saying. Not based on what you just said
[00:19:44] Speaker A: because they're not being sold individually. So they're not comps.
[00:19:47] Speaker B: It
[00:19:48] Speaker A: can't be a comp. It's one chunk of ground.
Now if Pulte decided to build a neighborhood back there and they built 300 homes, now each one of those homes that sell could eventually become a comp. But the problem is my house is built in 1971 and those are brand new built homes. So they're not really comps either. They will become comps over time.
[00:20:07] Speaker B: Sure. Yeah.
[00:20:09] Speaker A: And they were like, well, we don't want rental properties. So I thought, well, I'll buy 12 of them that line the back of our houses. I'll rent them all out.
Because there's not anything in that HOA that was going to say none of the homes could be rentals. Right. So Pulte is actually looking at building back there today. So we may have a new neighborhood, which I'm perfectly stoked about because it'll selfish regions and bring water down the road. And I.
[00:20:31] Speaker B: That's right, baby. Closer to the pool.
[00:20:32] Speaker A: Build those houses.
So when you think about what affects the value of your house, somebody may say, you have a data center down there. I don't want to live where you live.
[00:20:43] Speaker B: That's. And I I don't know if you were gonna go this direction. That becomes an opinion value of your house, not mathematical. So somebody like, you know, if I'm talking to buyers and they're wanting to buy a house in this particular area, they may be turned off by the fact that there's a data center and a bunch of warehouses here and they don't want to live near. That has nothing to do with the value of property. That's just more of an intrinsic value, you know, that's something they want to live by.
[00:21:11] Speaker A: Could be the same as if I painted my house with white and pink polka
[00:21:14] Speaker B: dots. Absolutely
[00:21:15] Speaker A: right. So.
So it doesn't create any problem with your value. It may create a problem with your ability to sell. A great example is right down the road, the power company wanted to build a power center. It's a giant transfer station,
[00:21:30] Speaker B: right?
[00:21:31] Speaker A: And the neighbors wanted to create an HOA so we could stop the power company.
And my first thing I said to him is, well, first of all, you're gonna have to stop using electricity. Let them know that you really don't need this.
This is useless. They said, it's gonna ruin the value of the house.
[00:21:50] Speaker B: Oh, boy.
[00:21:50] Speaker A: It was the main person that stopped the parking lot from going across the street.
[00:21:54] Speaker B: Okay?
[00:21:55] Speaker A: So the power company, believe it or not, did not been to the nine houses that didn't want it there. So they built it. Okay? It's big, it's bright. I wouldn't necessarily want it across the street from me. So that person listed their house for sale. It sold in 11 days in this market.
[00:22:13] Speaker B: Wow.
[00:22:15] Speaker A: I don't know. You know, I don't know when it closed out to list price, I didn't go look it up. But I bet it's sold pretty close to whatever they listen
[00:22:21] Speaker B: for. In 11 days, you say, most likely
[00:22:23] Speaker A: so.
And it didn't make their house worth nothing because there's no way to comp that power grid across the street, right? So there's another way, you know, another place where these people uprooted their lives. They threw a fit, they left their house. They didn't lose any value, and someone moved in right away.
It's the same with this deal. Across the street from us is unfinished parking lot. My neighbor's house went up for sale. They listed it $100,000 more than what it possibly would appraise for. There was no comps to justify it. Once they dropped the price down to the actual value, I now have the coolest neighbors in the world next door. So,
[00:23:02] Speaker B: Chris.
[00:23:02] Speaker A: And it didn't hurt the value of our homes. So you have to get out of your head and think, you know, oh, they're going to build this. It's going to hurt my value.
[00:23:10] Speaker B: Right.
[00:23:10] Speaker A: It may just hurt your ability to sell,
[00:23:13] Speaker B: you know, and similar to a normal neighborhood. And you brought up the paint, you know, the paint being a bit outstanding. Right.
[00:23:22] Speaker A: I did
[00:23:23] Speaker B: pink
[00:23:23] Speaker A: and white poke
[00:23:24] Speaker B: a bit outlandish. Right. But let's say someone has a pool in their backyard. There are going to be people looking for a house who aren't interested in your house because they don't want to have a pool.
[00:23:32] Speaker A: Yeah. They wouldn't even see it.
[00:23:33] Speaker B: Right? No, I would be kind of. In that case. I love a pool. I don't want to be a pool pool owner. So I'm not even going to come look at your fantastic house because I don't want to have to deal with the pool.
[00:23:45] Speaker A: Yeah,
[00:23:45] Speaker B: I don't. I mean, same idea.
[00:23:48] Speaker A: Yeah, absolutely. You know,
[00:23:49] Speaker B: what is what, what somebody values.
[00:23:52] Speaker A: So if you're worried about data centers, I'm just gonna ask you to stop.
Just for me.
[00:24:00] Speaker B: I don't want to see it anymore.
[00:24:02] Speaker A: But make sure you don't put any comments because all the comments are going to be held in a cloud that YouTube uses to put this out there.
[00:24:09] Speaker B: And I use ChatGPT to do some of the editing things on this podcast.
[00:24:13] Speaker A: Yes, we, we do
[00:24:14] Speaker B: don't put it on
[00:24:15] Speaker A: there. Be careful.
And maybe, maybe we're stupid and it's going to ruin our lives,
[00:24:21] Speaker B: you know, and again, that, that goes back to what I said. That's a future problem. Who knows,
[00:24:25] Speaker A: right? Yeah. If I was a 20 year old bulldozer driver, I may be concerned, but I'm a 58 year old.
What am I lately? I don't know what I
[00:24:34] Speaker B: am. Well, you're a lender. You're. You're a content creator. There hasn't
[00:24:39] Speaker A: been a lot of Linda
[00:24:40] Speaker B: Pod show host still
[00:24:43] Speaker A: closing loans.
[00:24:44] Speaker B: Liquor distributor
[00:24:45] Speaker A: they're closing loans, just don't have any new ones sliding into the DMS right now.
[00:24:49] Speaker B: Let me ask you this, and I know we talked about it earlier with Kevin, but when you started the liquor distribution or got into the liquor distribution business earlier this year, it was great. Yeah, like you were, you were gung ho, talked about all the time. And somebody actually asked me about it recently, like, how's that going for Brad?
I said, I don't think it's going. At least not as well as it was. It's
[00:25:11] Speaker A: actually, it's actually going well. Which
[00:25:13] Speaker B: is good.
[00:25:13] Speaker A: It's going, it's going about as good as I thought it would, to be honest with you.
My business partner Dave had bigger ideas and that, that it would happen faster and, and I just didn't see this path that, you know, we're going to have a giant warehouse in semi trucks and 40 employees in six months because it doesn't happen that way. And the infrastructure has to be built.
[00:25:39] Speaker B: I would imagine initially, as my outside observation, it started out like gangbusters. But I think part of that is because you were brand new.
[00:25:48] Speaker A: Yeah.
[00:25:48] Speaker B: You were introducing great products to liquor company, sorry, liquor stores that had never, not necessarily never seen it before, but they weren't carrying it. And so you were making a lot of sales early on and it was great and awesome and eventually that, that's going to hit a plateau.
[00:26:05] Speaker A: The curve hasn't slowed down either. Okay. I mean we still are selling more and more all the time.
One of the inroads that we've made that's been really great is restaurants and having cocktails on menus. You know, we've, we've never had a cocktail on a menu before. Now we have two restaurants where our. One of our tequilas is Zumbador. It's the. Well tequila. So they're going through cases of it a week. Which
[00:26:27] Speaker B: restaurant is that?
[00:26:28] Speaker A: The Bakata Takia in Noblesville. The brand new Bakata Takia that's opening on 41st in college. That actually tonight was family night and it opens on Friday.
And the livery downtown, we have a cocktail on their menu.
The Bimberg, we have a cocktail on that menu. And then there's several restaurants in Evansville that now have cocktails on menus. So where we were moving cases to new, new liquor stores, now we're resupplying liquor stores, still adding new liquor stores and we have cases being sold weekly to restaurants. So influx of new product as well.
So it, it's growing at the level that I really anticipated.
What's become more of a thought on it is the sellability of it.
[00:27:15] Speaker B: Of what?
[00:27:16] Speaker A: Of the distribution company.
We just ran across a company that's they're 10 years old, they have less product than we have that they distribute less, less SKUs or brands and they just sold for $11 million.
[00:27:32] Speaker B: Holy moly.
[00:27:33] Speaker A: So there's that side of you build this up and you build this client base and this great portfolio and you know, once you sign like if I just brought in by lawns and they were coming to Indiana, I'm the only one that can Sell the lawns in Indiana.
[00:27:47] Speaker B: If
[00:27:48] Speaker A: you. So if you're a distributor that, you know, that's a hot product and you really want it, and you see that my. My portfolio is full of those kind of products.
We just buy the company and we're little enough to acquire
[00:28:00] Speaker B: a
[00:28:00] Speaker A: big company. So that. That becomes
[00:28:04] Speaker B: kind
[00:28:04] Speaker A: of a neat idea
[00:28:05] Speaker B: as
[00:28:05] Speaker A: well. So it's. I don't know. Who knows?
[00:28:07] Speaker B: Yeah.
[00:28:08] Speaker A: Who knows what happens?
[00:28:09] Speaker B: Exactly. By the way, is Dave coming to casino?
[00:28:12] Speaker A: Oh, yeah.
[00:28:12] Speaker B: Okay.
[00:28:14] Speaker A: You want some?
[00:28:15] Speaker B: No, I. I doubt it's better for me Through a straw.
Gigantic straw, too.
[00:28:22] Speaker A: Could really get it in there.
Well, I had to build the straw. Oh,
[00:28:26] Speaker B: yeah. A couple
[00:28:27] Speaker A: of straws. Yeah.
[00:28:28] Speaker B: I'm sure. Good for the environment, though. Look at you with your metal straws.
[00:28:32] Speaker A: Well, I don't want to, you know, I don't want the turtles around.
[00:28:35] Speaker B: You don't want our turtles here in Indiana.
That's a great thing to talk about. Oh, boy. What do you think about paper straws? Oh, God. Nobody likes. I. Nobody likes paper straws. I truly do not know a single person that likes paper straws. That being said, I don't know anywhere. There was only one business around here that I can remember actually had them, and they're no longer in existence.
That's
[00:28:59] Speaker A: what
[00:29:00] Speaker B: it was. Johnny Rockets.
Yeah. I think they're still in business. Just not anywhere that I go.
I've been to, you know, the West Coast. I've been on cruises and Caribbean and things like that where the paper straws are there and, you know, they never last an entire drink.
[00:29:15] Speaker A: No, they don't. No. What about plastic bags at the grocery store?
[00:29:21] Speaker B: Well, we have gotten very used to just bringing our own bags. Oh,
[00:29:24] Speaker A: you're one of those people.
[00:29:25] Speaker B: Yeah, we are. That's. That's a Stephanie Quinlan thing. And I will say, when we were in Cabo, the day Stephanie and I went for our walk and wound up swimming out in. I don't even know which body of water we were in. Ocean, sure. I mean, it's all connected. So we're on the ocean and, like, the amount of debris that we were swimming past that was full of plastic and trash and stuff. It was very disappointing.
[00:29:52] Speaker A: But there's a reason why it was like that,
[00:29:55] Speaker B: because.
[00:29:56] Speaker A: Well, when you have the storms that they have.
[00:29:59] Speaker B: Yeah.
[00:29:59] Speaker A: The storm water runs down the streets and straight into the ocean, so.
[00:30:03] Speaker B: Oh, yeah, sure.
[00:30:04] Speaker A: If you would have seen what it looked like three days before we got there, you couldn't see the sand on the beach for the trash.
[00:30:11] Speaker B: There you
[00:30:11] Speaker A: go. If you've seen the videos after we left, did you see the cars washing all the way
[00:30:17] Speaker B: out?
[00:30:19] Speaker A: So, you know, it took days for them to fish those cars out of the ocean. There was actually a boat that sunk in the marina.
There were three cars that went into the marina as well, along with people.
[00:30:29] Speaker B: Yeah,
[00:30:30] Speaker A: people got washed out in there. They swam, they swam to piers. People got them out of there. But so when, when you're having the stormy time, like when we've been there when there's no storms, you would never have seen that in the ocean. It been spotless. But the I. The last I seen they were on Storm Vance.
So they. They're
[00:30:51] Speaker B: cruising
[00:30:52] Speaker A: all the way through the. The
[00:30:53] Speaker B: Alphabet has been rough.
[00:30:55] Speaker A: So they've had so many really bad storms. And, and that's the. You know, you may have put your trash out that day for the trash man to come, and it all just ended up in the ocean because of the storm. So.
[00:31:05] Speaker B: Yeah, and, you know, that's the thing you can't control. And there are just dirty people, you know, who don't give a shit and they will throw trash wherever.
[00:31:13] Speaker A: Yeah,
[00:31:13] Speaker B: I get that. It's
[00:31:14] Speaker A: in
[00:31:14] Speaker B: my
[00:31:14] Speaker A: front yard all the
[00:31:15] Speaker B: time. You know, the. The people who are out on their boats and stuff that they have, whether it's on purpose, people just chucking in the water or, you know, high wind comes up and you have things that are loose. You know, we've all seen a backyard picnic and your shit all blows off the table. Well, when you're out on the boat that all blows in the ocean, that's going to happen,
[00:31:33] Speaker A: right?
[00:31:34] Speaker B: You have, I don't know, second and third world countries who don't have a, maybe necessarily a system of taking care of their trash and, you know, cleaning things regularly and all that. They get a bad storm and all that shit washes out into the ocean, and then
[00:31:51] Speaker A: some of them take it out of the
[00:31:52] Speaker B: ocean. Yeah. And then you have the unexpected hurricanes and stuff where, I mean, you're not just having trash that's in people's yards and streets and whatever going on. You got fucking cars.
[00:32:04] Speaker A: Oh, dude,
[00:32:05] Speaker B: that's. That's insane.
[00:32:07] Speaker A: Incredible.
[00:32:08] Speaker B: And so I actually saw something not too long ago that said, in reference to AI we were talking about earlier, why haven't we invented something with AI at this point that can literally just go out there and clean up the ocean? Like, know, large, you know, computerized mechanisms that are some way somehow gathering all that together? Like, that'd be a good use for AI
[00:32:30] Speaker A: I. I'll Tell you probably why that's not there.
[00:32:33] Speaker B: No money yet.
[00:32:33] Speaker A: Yeah, the ocean's not paying them to clean it up.
[00:32:35] Speaker B: Exactly.
[00:32:36] Speaker A: See? So you have to follow the money.
[00:32:38] Speaker B: Well,
[00:32:39] Speaker A: but maybe eventually there'll be so many things done that then money will be able to be used for those now.
[00:32:44] Speaker B: Be great.
[00:32:45] Speaker A: Who knows? Elon may have something right now that's out there picking up papers. Straws
[00:32:49] Speaker B: maybe.
[00:32:50] Speaker A: You just never know.
[00:32:52] Speaker B: Paper straws. They disintegrate. You're okay with those.
[00:32:54] Speaker A: Do they though? Do they? Or do they turn into micro. Paper? Plastic.
[00:32:59] Speaker B: Micro paper, plastic.
[00:33:01] Speaker A: They're probably using some form of plastic to make paper.
[00:33:04] Speaker B: There is some version of paper in there. Or, sorry, plastic. It's
[00:33:08] Speaker A: recycled bottles somehow turned into paper.
Who knows?
It's craziness. I don't know. Who knows where the world's going to end up. I just.
I'm happy to be in it.
[00:33:17] Speaker B: That's true.
All
[00:33:19] Speaker A: right. As bad and crazy as these times are, there were still worse times.
[00:33:25] Speaker B: Yeah.
[00:33:26] Speaker A: Like we could be in the 1800s.
Where villages would dive. Distant.
[00:33:32] Speaker B: Oh my gosh.
Occasionally I'll see this kind of questioning pop up on social media, whether it's a tick tock or Instagram or something like that, where, you know, it's a couple or whether it's a.
A group of friends all sitting together and they. Somebody asks a question.
What if you could be born anytime in history, what would it be?
And I hear that and I sort of contemplate. I'm not sure. And I obviously have no reference because I haven't lived at any other time.
[00:33:59] Speaker A: Right.
[00:33:59] Speaker B: That I know
[00:34:00] Speaker A: that we know we could be in another dimension
[00:34:02] Speaker B: right
[00:34:02] Speaker A: now.
[00:34:03] Speaker B: What I know about the past, there's a lot of bad stuff that happened that people had to deal with with no way of making that better. You said bring up dysentery. You got the plague. You got, you know, all. I mean, before vaccines for measles and mumps and stuff like that ever existed and people dying from stuff that now is crazy to think that people still get sick from that. It's like, I don't know that I'd want to be at any other time.
[00:34:29] Speaker A: Did you? There's less violent deaths in the 1900s than in the 1800s.
[00:34:34] Speaker B: Oh, okay.
[00:34:35] Speaker A: I think you have world wars in there.
[00:34:36] Speaker B: Oh for. I mean, that's. That's another thing.
[00:34:39] Speaker A: But take think of how many people died in the 1900s and more people died in the 1800s in a violent manner, but it's because they were eaten by bears and bitten by rattlesnakes And I mean, think of what the 18. Think of 1800.
Yeah. So then let's go back to the 1600s where you're, you're poop was just in the street.
Like how many people just died because they were sick? I mean, there's so many things that people think, you know. Oh, you, you died because you had this. No, you died because you're, you were living
[00:35:12] Speaker B: in. You died because the village up here that's upstream takes their bath and cleans all their in in
[00:35:18] Speaker A: the
[00:35:19] Speaker B: street water that you're down here drinking out of it and making your food with it and all that. Yeah,
[00:35:25] Speaker A: yeah. And
[00:35:25] Speaker B: I mean, hell, you think the Civil War.
More people died in the Civil War from infection,
[00:35:32] Speaker A: right? Yeah.
[00:35:32] Speaker B: Than anything else.
[00:35:34] Speaker A: Yeah. Because they didn't get shot by guns that killed. They didn't, you know, they weren't getting hit with 50 cows that blew their head up. They were getting hit by a musket or a really large bb.
[00:35:41] Speaker B: Yeah.
[00:35:42] Speaker A: Right. And then it's stuck in them.
[00:35:43] Speaker B: Yeah.
[00:35:44] Speaker A: And then they die.
[00:35:45] Speaker B: You ever, you ever been to a Civil War battle site? We've been to Gettysburg. That's
[00:35:50] Speaker A: why. I have not. No. I've been to like the redos of like the 1820s, 12. You know,
[00:35:55] Speaker B: there's a famous church in Gettysburg. You take a tour of the city and they say that during the battle of Gettysburg, the church was used as a hospital.
And they show you this window, and I tell you when you go outside, look at how high this window is up off the ground. And it's like 20 to 25ft from ground to the bottom of this window. And they said during the battle they would amputate limbs from these soldiers and they would just stick them out this window and like body parts from the ground to that window piled up like that is massive to think about.
And you just think about all of the infection and just the grossness going on there.
I would not want to live during that time.
[00:36:42] Speaker A: No. No. So I, I, I like growing up in the 80s.
[00:36:47] Speaker B: Yeah.
[00:36:48] Speaker A: And I like the amount of change that we've seen. Seen.
Somebody said, you know, we've seen more change in our lives. But I think if you were born in 1901 and you, you lived to be 80 or 90 years old,
[00:37:01] Speaker B: massive change.
[00:37:02] Speaker A: A huge change.
[00:37:03] Speaker B: Oh, massive.
[00:37:03] Speaker A: It's a change in the way we live. We went from people who were villages and agriculture to how do we amass the most stuff.
[00:37:13] Speaker B: Villages, agriculture, people who got around by animals.
[00:37:17] Speaker A: Right.
[00:37:17] Speaker B: Or their own feet. You think about the Airplane was invented in 1903.
And where that is now is just a massive change in 120 years.
[00:37:28] Speaker A: But think, think of the change of how our lives have changed. We, you know, if you think of before modern day education, we taught people to read, we taught people to write, and, and most of them were in agriculture of some kind. You, you grew your own food, you had your own animals. Maybe you were a blacksmith or you know, maybe you were a carpenter, but you still were in agriculture as well. But then when the industrial revolution happened
[00:37:53] Speaker B: and
[00:37:53] Speaker A: Henry Ford needed people to come to work and work in a factory, we changed the way we educated. We, we now educate you to get a job because you have to provide for your family because you're no longer going to provide for your family on your land. You're going to move to this city.
And that changed the whole way that people live. Like we went from being able to gather what we needed and take care of those around us to how do we get more than everybody else?
And that guy that has more than me is not fair. How do we take that
[00:38:26] Speaker B: away?
[00:38:26] Speaker A: I think that's where that's come from.
So if AI takes all the jobs.
[00:38:31] Speaker B: Right.
[00:38:32] Speaker A: And we, we go to universal high income because we don't have to go do anything.
[00:38:39] Speaker B: Yep.
[00:38:41] Speaker A: What changes in education?
[00:38:46] Speaker B: The fact that education is provided for and for what purpose? I guess just for the fact of just learning. Right.
[00:38:56] Speaker A: Yeah. You don't want people to just be dumb.
[00:38:58] Speaker B: Yeah. I mean, why not? Because you're not like training people to be.
To an iron worker. Yeah.
[00:39:04] Speaker A: You're not
[00:39:04] Speaker B: teaching
[00:39:05] Speaker A: for employment.
[00:39:06] Speaker B: You know, education becomes even more on demand than it is now. Of course, you know, school systems may not be necessary unless you want someone who's physically there to teach you. But you know, you can access, you know, that information at any time for you individually, which is what AI can provide.
[00:39:26] Speaker A: I think it's even one step further. And it goes back to a guest that we had on our show.
I think education goes.
We got to teach you how to read because it's important to know how to read.
[00:39:38] Speaker B: Yeah.
[00:39:40] Speaker A: Even though you don't drive. So you have to read signs. Even though you, you don't have. You should read. You should be able to read.
[00:39:45] Speaker B: Yeah.
[00:39:47] Speaker A: We probably should teach you basic math, although you're, you're probably not going to use it for anything. Right. Because you'll just talk and chat. GPT.
[00:39:54] Speaker B: Right.
[00:39:55] Speaker A: But if you're really excited about this thing, we're going to teach you that thing better than anybody's Ever learned
[00:40:02] Speaker B: that
[00:40:03] Speaker A: thing before?
[00:40:04] Speaker B: That's absolutely true.
[00:40:05] Speaker A: Yep. And then you have. Because if we don't have to work, think about this. If we didn't have to do our jobs, what would we do all day?
[00:40:12] Speaker B: Honestly, I don't know.
[00:40:14] Speaker A: Well,
[00:40:15] Speaker B: golf.
[00:40:16] Speaker A: Don't you think maybe you'd be creative in an area that you've never had time to figure out that's something that you're creating?
[00:40:21] Speaker B: You know, I probably would fall. Find something that I want to know more about and, I don't know, maybe become good at.
That's, I will say, almost a bit of a generational thing. And I say that because. Because if
[00:40:39] Speaker A: you're 17, it's only going to be porn.
[00:40:41] Speaker B: Honestly, that you're right.
Because, you know, like us in our 50s, there are. And I, I can't name anything off top of my head. Okay. But let's say that there's something I've always wanted to learn, haven't had the time or the opportunity to do it, haven't had the resources to go and pay a professional and teach me how to do this or whatever. You know, if that's something that I can investigate through AI and data that's online by myself, I'm okay with that. I had the intrinsic want and desire to go do that.
No offense to the younger generation, but I'm not sure that, that, that exists there.
[00:41:20] Speaker A: Well, think of this. Nick and I had this conversation today. Shout out to Nick.
You know, he said, well, there won't be any actors. There won't be any musicians.
[00:41:28] Speaker B: Right.
[00:41:29] Speaker A: I, I, I think that somebody like me, like, I love to play guitar, but I have time to play guitar. I still do these jobs, but what if I could just play guitar? And now there's not, I'm not doing it to. Because I need to create income. Right. To survive.
I'm doing it out of a pure passion. Correct. Maybe then I'm somewhere playing the music that I'm incredibly passionate about that you hear, and go, man, I love that music. I want to go listen to that music.
[00:41:57] Speaker B: Yep.
[00:41:58] Speaker A: And, and it doesn't become about, you know, I'm, I'm gonna, I'm not gonna take a hit as a quarterback because I'm getting paid and I don't want to get hurt. So I'm not gonna get hit. Right. I'm gonna lay down.
Now. It becomes playing not because of the money, but playing because you want to play. You want to be the best, you know, like it used to be in college football.
So maybe it changes all of Those things that we think could be replaced may get even better.
[00:42:26] Speaker B: And honestly, that's a lot of people who are big proponents of AI as opposed to the doomers who, you know, think we're out of here in 10 years.
[00:42:35] Speaker A: Oh, it could kill us completely.
[00:42:36] Speaker B: Absolutely.
Those who believe that it's not going to kill us in 10 years has more to do with the humanity of, of where society will go. And that's a lot of what you just said. You know, you got people who will connect with others through music and through acting, art, you know, art, all that kind of stuff. And maybe if we don't have to work because AI has taken away our need to work and we're getting paid some other way now I have time to be able to go and see artists and learn how to do their thing. And, you know, that interests me. And that's awesome.
[00:43:14] Speaker A: And you may find it passionate. What about, what about the fact that maybe we don't live till we're 80 in a nursing home, but we live to 180 healthy because they learn how to utilize so many.
[00:43:28] Speaker B: That's why AI
[00:43:30] Speaker A: even more
[00:43:31] Speaker B: can be so great and, you know, and gives hope to the future has to do with medical discoveries that can come because it doesn't have the restrictions of, you know, the human brain and just, you know, it can only do so much. I, I think, you know, that has tremendous upside.
[00:43:50] Speaker A: I think it's all exciting. Personally, you know, I, I talk about.
[00:43:53] Speaker B: I know you do. I, I, I'm a bit more skeptical than you on all of that. There's, I find a much more scary element to all of it than anything, but at the same time,
[00:44:03] Speaker A: I'm the guy that would have got in the Wright brothers playing with him. Dude, I think this is going to work, you know,
[00:44:07] Speaker B: you got room for another one? Let's go.
[00:44:09] Speaker A: Henry. I believe we'll all be driving your cars. I'm never working for the Buggy Whip company ever again. Right. Like, I, I guess I'm that guy that goes, okay, this, this can work. You
[00:44:19] Speaker B: want a flying car?
[00:44:20] Speaker A: Oh, I want a flying car. And I, but I don't want to fly it. I want, I want, want AI to do what they do in planes today. That's why we don't all crash into each other all the time.
I don't want to go into the ground, though, at 700 miles an
[00:44:34] Speaker B: hour. That was bad.
[00:44:36] Speaker A: No, that was,
[00:44:37] Speaker B: that was bad.
[00:44:37] Speaker A: That was ugly. But you know, it think of, AI drove everybody's car. If Tesla, if every car was a Tesla and every car had no human messing with it, they. They wouldn't crash into each other.
[00:44:48] Speaker B: Absolutely should
[00:44:50] Speaker A: be correct. They could malfunction. No,
[00:44:51] Speaker B: you're right.
Should be correct.
[00:44:53] Speaker A: But there probably won't be 12 crashes at this. I
[00:44:56] Speaker B: would say the percentage of crashes outside of, you know, the malfunctioning one.
[00:45:02] Speaker A: Right.
[00:45:03] Speaker B: Would be probably less than what humans do now.
[00:45:06] Speaker A: Yeah. Because there's a guy driving behind me going, I freaking hate AI. I'm gonna put that on my Facebook right now. And bam, right in. And if he had an AI in the car, put your phone down.
[00:45:17] Speaker B: There you go.
There you go.
[00:45:19] Speaker A: Well, I think this was a. Interesting.
[00:45:21] Speaker B: Very
[00:45:21] Speaker A: interesting.
If you could watch it be great.
And if you could comment, that'd be great.
[00:45:28] Speaker B: What is wrong with this hat?
[00:45:30] Speaker A: I mean. No, it's not your hat. I do this.
[00:45:32] Speaker B: My head.
[00:45:32] Speaker A: Yeah, yeah, you just made it crookeder, if that's a word
[00:45:37] Speaker B: I think I have. All right, well, I'm disappointed that you didn't
[00:45:40] Speaker A: argue. It's a whole bottle
[00:45:41] Speaker B: finished by. I expected better. Well, thank you for watching Indiana Success Happy Hour. We'll see you next time. Cheers.
