00:00 And you guys got 400 million, you know,

00:02 under management now. And is it to get

00:04 to a billion? Is it to exit? What's the

00:07 goal?

00:07 >> Uh, right now the goal is to scale it to

00:10 a billion.

00:11 >> You're like in the Matrix. You You got

00:12 out of the Matrix.

00:13 >> Yeah. It's kind of a red pill situation.

00:15 Remember Wizard of Oz?

00:17 >> Yeah.

00:17 >> Like it's this big thing and then you

00:19 realize it's just the old man when you

00:21 look behind the curtain. Right. So,

00:23 >> um, that's what we're trying to help

00:24 people understand. The industry itself

00:26 spend a lot of money creating the

00:28 illusion that they can predict the

00:29 future, which they can't.

00:30 >> Yeah. And they do a lot of stuff that

00:32 isn't necessarily on the up and up for

00:34 me.

00:35 Welcome back to another episode of the

00:37 M19 podcast. Today we are going to go

00:39 over how you can have better financial

00:42 planning and it's going to be from a guy

00:43 who's managing over $400 million of

00:46 assets right now, helping people save

00:47 money on their taxes, hit their goals,

00:49 and everything else. I've got Alan

00:50 Camori. What's up, man?

00:52 >> How's it going, man?

00:52 >> It's good to see you. We are out here in

00:54 beautiful Celane, Idaho.

00:57 >> And uh man, I'm excited. Day one of this

00:59 trip.

00:59 >> Me too. Me too.

01:00 >> Yeah. How'd you like uh Pebble last time

01:03 we were out there?

01:04 >> It was It was epic. I wish it would have

01:05 played better.

01:06 >> Yeah. We didn't play great, but man, the

01:08 weather was great.

01:09 >> Yeah, it was. It was It was a good

01:10 group. I think

01:12 >> that being my first trip, that was the

01:13 best part was getting to see it

01:14 firsthand.

01:15 >> Yeah.

01:15 >> More than just knowing that it's

01:17 probably going to be like that.

01:18 >> Yeah. You know, getting to walk the walk

01:19 was fun.

01:20 >> Yeah.

01:20 >> So, let's jump into your story a little

01:22 bit. Um you are in the financial

01:24 planning space. What exactly do you guys

01:27 do?

01:28 >> Um well the the industry itself is kind

01:30 of broad right and you know a lot of

01:32 people everybody and their mom knows

01:33 somebody in this industry and on one end

01:36 the industry you got your insurance guys

01:38 and the other end you got your

01:39 warehouses like your marrows and all

01:41 that stuff. Um typically we sit

01:44 somewhere in the middle where we're

01:45 trying to make sure that we can help you

01:47 create whatever outcomes you're trying

01:49 to create. So, it's all about making

01:50 sure that you can do what you say you

01:52 want to do using money as a tool,

01:54 >> right?

01:54 >> And within that, you have all the

01:56 different pieces of financial planning

01:58 all the way to estate planning, tax

01:59 planning, all that other stuff. But, um,

02:02 essentially, the thing that we want, the

02:03 thing that we care about the most is

02:05 that you understand what you're doing,

02:07 that you can do it, and that you

02:08 actually get there.

02:10 >> Yeah.

02:11 >> Yeah. Yeah, cuz I think a lot of guys

02:12 when they they think about tax savings

02:15 or just financial or wealth management,

02:17 let's just say, they're like, I don't

02:18 know, I made some money. Invest it. Hey,

02:20 I made some money. I have a tax problem.

02:21 Yeah.

02:22 >> Like it's reactionary.

02:23 >> Yeah. And and even when you when you

02:25 invest it, if you commoditize it,

02:27 >> then it's the cheapest provider is going

02:29 to be the winner. Right.

02:30 >> Right. That's why everybody is always

02:31 like, "Oh, just drop it in a S&P 500

02:34 ETF, right?"

02:35 >> You know, with expenses below five basis

02:37 points. But expense is not the only

02:41 factor that you have to to weigh out. So

02:43 there's a lot of research that's

02:45 published. It's a lot of people a lot of

02:47 people don't use it. But there's

02:49 academic empirical research that shows

02:51 you if you start tilting the portfolios

02:52 down to the smaller sizes and more

02:55 towards the the value side of things

02:56 which are more distressed companies that

02:58 there's more juice you can squeeze out

03:00 of the same fruit of of risk. So when

03:02 you say you're you're getting them to

03:04 these smaller companies, like are we

03:06 talking publicly traded companies that

03:08 are just smaller or

03:09 >> Yeah. So you might you might not be in

03:10 Apple for example as much, right?

03:12 >> Which everybody's tilted. When we look

03:14 at

03:14 >> everybody's in like the top eight, what

03:15 do they call them?

03:16 >> Mag seven. Yeah. Which is like 35% of

03:18 the S&P right now. And it's just um it's

03:22 companies not like Apple that you've

03:23 heard of that you're familiar with. It

03:25 might be the people selling something to

03:26 Apple,

03:27 >> right?

03:27 >> I mean, if you look at a small cap

03:28 company, it's $2 billion. It's a big

03:30 company.

03:31 >> It's just that you've never heard of

03:32 them.

03:33 >> Yeah. I mean, a $2 billion company's

03:35 huge.

03:35 >> Yeah.

03:36 >> They're just not 100 billion.

03:37 >> Yeah. Exactly.

03:38 >> What do you think of uh SpaceX and

03:40 what's happening right now? I mean, at

03:42 the time of filming this, they just went

03:44 public this week

03:45 >> and Yeah,

03:46 >> a lot of people ask a lot of there's a

03:48 lot of demand because everybody knows

03:49 what happened to Tesla. Um,

03:51 >> but it's it's tough. I mean,

03:53 statistically speaking, IPOs

03:54 underperform. So

03:57 the way that we do things is we invest

03:59 in broad-based markets according to the

04:01 academic research of Dr. Eugene FMA and

04:05 Dr. Harry Marowitz. Marowitz has passed

04:06 already, but um basically if if there is

04:10 going to be SpaceX in the portfolio,

04:12 it's got to go through its paces a

04:13 little bit in order for it to be u to

04:16 hit all the metrics in order to

04:17 >> Yeah. want to make sure it's not just

04:19 doing a

04:20 >> not not that it's a pump and dump but

04:22 like

04:22 >> but that's what happens a lot is I know

04:24 everybody's excited it goes up and then

04:26 typical investors looking at it from the

04:27 side

04:28 >> typical investors know in intuitively

04:30 buy high I mean buy low sell high but

04:31 what they do is they buy high sell low

04:33 because they're waiting

04:34 >> for it to come up they get confidence

04:36 and then they start buying in

04:37 >> I don't know that I believe in it let me

04:38 go buy it at the peak

04:40 >> and then when something happens when the

04:41 when the sexiness of the deal is done

04:43 and you see a little bit of a pullback

04:45 they go oh no I don't like that and they

04:47 pull out. So, you know, just kind of

04:49 creates a downward spiral.

04:50 >> Yeah. So, with the investments you're

04:52 talking about, you like people in

04:55 smaller companies because they're going

04:56 to perform better.

04:58 >> Um, generally, you still you're still

05:00 going to own the big companies, right?

05:02 So, a lot of people think the S&P 500 is

05:04 diversified, for example, but is it

05:06 really because it's 500 of the largest

05:08 US growth stocks that and it's like a

05:11 third of it is those seven companies we

05:12 talked about earlier. So if you can

05:15 tilt, you still need those because in

05:17 certain times those are going to

05:18 outperform everything else,

05:20 >> right?

05:20 >> But if you you don't tilt it smaller and

05:22 you don't have any international

05:23 exposure, you don't have any of that

05:24 other stuff or you don't have any fixed

05:26 income that you can use to buy when the

05:27 equities are down,

05:29 >> then it's going to it's not going to

05:30 turn out the way that you

05:31 >> So do you guys create your own basic

05:33 like S&P 500 that you put your clients

05:36 in or what?

05:37 >> No, it's a it's a fund of funds model

05:39 that we use. We don't um we don't

05:41 actually trade on it ourselves. It

05:43 trades on an algorithm with a investment

05:45 advisor partner that we have and

05:47 basically what that does is it creates

05:49 automatic discipline because it can't be

05:50 overwritten by human emotion.

05:52 >> Right.

05:52 >> Right. So within that there's going to

05:55 be international exposure in the

05:57 different sizes. All the things are

05:58 according to those Nobel Prize winning

06:00 research principles.

06:01 >> Yeah.

06:02 >> Um so that's really the only way we do

06:03 it. It's not it's not the sexiest

06:05 though.

06:06 >> Yeah.

06:06 >> Right. Because they they the industry

06:08 packages things for people to

06:11 >> want to do. Yeah.

06:12 >> Not necessarily what's good for them,

06:14 but I always joke around with people

06:15 like the way we do things is like the

06:17 female peacock.

06:18 >> Okay.

06:19 >> As opposed to the male peacock.

06:20 >> I don't What's the difference?

06:21 >> Like the male peacock has all the

06:22 feathers and and it's bright blue and

06:24 all that stuff. Uh

06:26 >> a female peacock is still nice. It's

06:27 just not as um

06:29 >> doesn't have all the flash.

06:30 >> It doesn't have all the flash. Yeah.

06:32 >> Yeah. I don't like that. I like I like

06:33 the flash.

06:34 >> Yeah. Yeah. Most people do. Yeah.

06:35 >> Yeah. Yeah. For myself personally.

06:37 >> Yeah. Yeah.

06:38 >> So, tell me how how did you even get in

06:40 this industry?

06:41 Um, so I was playing baseball right in

06:44 college and um

06:46 >> I mean really that was like the only way

06:47 you you go to school cuz you want to

06:49 play.

06:49 >> Yeah.

06:49 >> So, um, when I was finishing up, it was

06:52 2008,

06:54 >> so that was when the the housing market

06:56 crashed and everything. I was in LA

06:58 >> and basically it was the only thing that

07:00 you could do or get hired at during all

07:04 that stuff, even though the market was

07:05 down and all that stuff,

07:06 >> right?

07:07 >> Yeah. Um, because they don't pay you a

07:08 salary,

07:09 >> right? So, think of like uh Pursuit of

07:12 Happiness with Will Smith. It was, you

07:13 know, basically they give you a big book

07:15 to call and that's what you're doing for

07:17 the first year and most people don't

07:18 make it out of that,

07:19 >> right?

07:19 >> Um and this is in Beverly Hills, so a

07:22 lot different when you're a kid from

07:23 Hawaii trying to

07:25 >> call on people in in LA and especially

07:27 Beverly Hills. But that's how I got into

07:30 it. But

07:30 >> ended up loving it because

07:33 >> not really from the model that we were

07:34 at in Beverly Hills. That was just a

07:35 strict sales model. That's where I got

07:38 exposed to understanding that behind the

07:40 curtain,

07:40 >> none of this financial industry stuff is

07:42 about helping people. It's about making

07:44 money and it's about sales.

07:45 >> Yeah.

07:46 >> So, even the bonding and rapport that

07:47 people do, they're they're classically

07:48 trained to do that with the client to

07:50 make them feel like you like them

07:52 >> and all they're trying to do is sell you

07:53 something.

07:54 >> Um, I don't believe that that's the

07:57 right way to do it. I think it should be

07:58 consultative. So,

08:00 >> it's more of a what are you trying to do

08:01 and let's figure out the best possible

08:02 way to get there. And maybe there's some

08:04 things that you haven't thought about or

08:06 different problem solving techniques

08:07 that you can have

08:08 >> in order to um to get there

08:12 >> more effectively. Yeah.

08:13 >> Right. So what at what point did you go

08:17 out on your own?

08:19 >> After about six years?

08:20 >> Okay.

08:20 >> I I kind of got tired of the of the

08:23 machine. I was at a big company, but um

08:26 you just I I just didn't agree with how

08:28 they were doing it. Right. Right. Nobody

08:30 would high-five you when you figured out

08:31 this really complex problem or helped

08:32 somebody get to some spot they wanted to

08:34 get to.

08:34 >> Right.

08:35 >> They only high-five you when you did

08:36 what they wanted you to do.

08:37 >> When you made a sale.

08:38 >> Yeah. When you made a sale for their

08:40 thing, right?

08:41 >> And so after that, I went independent

08:43 and I

08:44 >> What was it like leaving like a cushy

08:47 position and and starting your own firm?

08:49 >> Um little bit of a risk because you

08:51 basically have to start all over again,

08:53 >> right?

08:53 >> Right. Um, so that was 12 years ago and

08:57 um, little bit of a risk, but it it was

09:00 one of those things where are you going

09:02 to do what's right and put yourself

09:06 second,

09:07 >> right?

09:07 >> Or are you going to do what you don't

09:10 really want to do for the reasons you

09:12 don't want to do it and put yourself

09:13 first and your comfort first. So that's

09:16 really what it came down to.

09:17 >> Yeah.

09:17 >> Yeah. And since then, I've turned my

09:19 life over a few times even.

09:21 >> Yeah. like what what are some of the

09:22 biggest changes you've had to make over

09:23 the last decade now running your own

09:26 firm?

09:26 >> Uh more on the entrepreneurial side. Um

09:28 you know, we're kind of taught in the

09:31 business

09:32 uh to be more of a practitioner.

09:35 You're the one doing the plans. You're

09:37 the one figuring things out. Um but the

09:39 only way to help more people and scale

09:41 effectively is to be more of an

09:44 entrepreneurial mindset. So own the

09:45 company and and increase the reach. It's

09:47 like why you know people write books to

09:50 increase the amount of people that can

09:51 get you know the knowledge.

09:53 >> Yeah.

09:53 >> It's the same thing. So if you if you

09:55 really are purpose driven and you really

09:57 want to help people out the only way to

09:59 do that is to have more and more of you

10:01 >> right

10:02 >> out there trying to get you know trying

10:03 to get that message out there. So the

10:05 mission is to save as many families as

10:07 we can from this from the sales trap.

10:09 >> Yeah. Of just

10:11 >> you know not necessarily putting the

10:13 client first just trying to get the

10:15 money in the door. Yeah. And then the

10:16 people they the industry itself spend a

10:19 lot of money creating the illusion that

10:20 they can predict the future which they

10:21 can't.

10:22 >> Yeah.

10:22 >> And they do a lot of stuff that isn't

10:24 necessarily on the up and up for me.

10:26 >> Um like a fund that does poorly gets

10:28 absorbed into another fund.

10:30 >> Right. There are big names that

10:32 everybody knows.

10:33 >> Big names have maybe like 1,200 funds.

10:36 >> But if they knew which one was going to

10:37 be a best one, how many would they need?

10:40 >> You just need one.

10:40 >> You need one. Yeah. It would be called

10:41 the best fund ever, you know? So, so

10:44 that's the kind of stuff that that they

10:45 that they'll do. And um

10:48 >> they'll make money five ways from you

10:49 and you don't even see three or four of

10:51 them.

10:51 >> Right. Right. There's a lot of hidden

10:52 cost.

10:53 >> Yeah.

10:53 >> So, you're a golfer. You're a baseball

10:56 guy, too. You know, you played college

10:57 baseball and everything else.

10:59 >> Um what got you into golf?

11:02 >> Was actually after senior day. So, my

11:05 roommate was our second baseman. And you

11:07 know, I don't know if you remember your

11:08 senior day. Did Did you even go?

11:10 >> Well, I got drafted.

11:11 >> Drafted and you went, right? So, so I

11:13 had a senior day and I I'm running in at

11:15 the, you know, last game and it hits you

11:17 like, man, you're done.

11:19 >> Yeah.

11:19 >> Like this was your identity for so long

11:21 and you're not going to do it anymore,

11:22 >> right?

11:23 >> Um I didn't want to go to Sweden, you

11:25 know, on a pro contract.

11:27 >> Yeah. Yeah.

11:27 >> You know, um but uh my second baseman

11:30 was our our second baseman was my

11:32 roommate and he's like, "What are we

11:34 going to do?" And we both were like,

11:35 "Let's play golf."

11:37 >> You guys know I love the game of golf

11:39 and that is why I started M19. It is a

11:41 golf mastermind for entrepreneurs who

11:43 are doing over seven figures in their

11:44 business and who want to go on bucket

11:46 list golf trips together. We already

11:48 have hundreds of members all across the

11:50 country and we've been to some of the

11:51 best courses in the world. Places like

11:53 Pebble Beach, Pinehurst, Bandon Dunes,

11:55 and many others. The course is the best

11:57 place to do deals, make great

11:59 relationships, and have fun. So go to

12:00 mastermind 19.com today.

12:03 >> My dad was a golfer. Um I just never

12:05 really wanted to play when I was a kid,

12:06 but

12:07 >> but yeah, that's how I got into golf and

12:08 it was a mess the first couple years. I

12:10 don't know if it was for you.

12:11 >> Oh, yeah. Yeah. I suck.

12:13 >> Yeah. You blast the ball far but very

12:15 crooked, right?

12:16 >> Yeah. Yeah.

12:17 >> It's big old slices from baseball guys.

12:19 >> Yep. For sure.

12:20 >> Yeah. So, what made you want to join

12:22 M19?

12:23 >> Um

12:25 the the sense of community with

12:27 like-minded people, especially in

12:29 Hawaii, it's kind of hard because um

12:31 you're kind of isolated out there. We

12:32 have clientele across the nation, but

12:35 >> in Hawaii, you seem to be the only one

12:38 that thinks a certain way

12:39 >> in a lot of circles. So,

12:41 >> um, expanding that reach and just having

12:43 a a community that can help each other

12:45 out that's all based on furthering your

12:47 own mission. Um,

12:49 >> and then I'd followed you for a while

12:51 and then when you started posting a lot

12:53 more about your faith is when I was

12:54 like, "Okay, that's it."

12:56 >> And my my business coach was telling me

12:58 I need to get involved in something like

12:59 that. And it was the perfect

13:01 >> combination of the the all that other

13:04 stuff that we want, right? The

13:05 community, the problem solving, the

13:08 having connections in different

13:10 >> areas and fields that can help you out,

13:12 but then and then the golf part was kind

13:14 of enticing.

13:15 >> Yeah.

13:16 Just just going and hanging out.

13:18 >> Yeah. We'll play Pebble Beach and we'll

13:20 go to abandoned dunes, you know. So,

13:22 yeah.

13:22 >> Tough cell.

13:23 >> Yeah. Exactly.

13:25 >> What uh what do you think's the biggest

13:27 thing you've learned? because you you

13:28 you said you already went to Pebble.

13:29 This is your second trip. Um I've seen

13:31 you golfing with guys out in Scottsdale

13:34 and other things too.

13:35 >> Yep. Um the coolest thing is really just

13:38 everybody that I've met through the

13:39 group is cut from a similar cloth. We

13:43 might be in different industries and all

13:44 that, but the the mindset and the fact

13:48 that you want to help people and you

13:49 genuinely want to see people succeed.

13:51 >> Yeah.

13:51 >> And you're willing to do that and

13:52 there's no ego in this group, which is

13:55 really cool, right? Um, and if there

13:58 was, I don't think they would have made

13:59 it through Yeah.

14:00 >> the interview process. So, I really like

14:01 that is

14:02 >> Or they'll get kicked out.

14:03 >> Yeah. Yeah. Yeah. That'll happen, too.

14:05 Yeah. Yeah. Yeah. Which, um, but I

14:07 appreciate that because it keeps it

14:09 keeps the mission going instead of it

14:11 just being a me a membership drive.

14:13 Right.

14:13 >> Right. Um, but yeah, everybody's super

14:16 cool, super willing to help you out.

14:19 everybody. There's so many successful

14:21 people in the group, but if you were to

14:23 meet them on the street, you may or may

14:25 not know that they were running some

14:26 Yeah.

14:27 >> big business, you know.

14:28 >> Have you been able to pick up anything

14:29 from other guys who are in like the

14:31 financial services space?

14:33 >> Yeah, I mean, I I we see it everywhere,

14:35 even in this group, but um yeah, the the

14:38 hard part is just having them understand

14:41 or having anybody understand that there

14:42 is this machine and this trap that

14:44 exists and it may or may not be the best

14:47 thing for the for the client. So if you

14:48 really care about the client then

14:50 >> yeah helping them see the other see

14:52 that. Yeah. So that's actually part of

14:53 the mission too.

14:53 >> You're like in the matrix. You you got

14:55 out of the matrix.

14:56 >> Yeah. It's kind of a red pill situation.

14:58 Um and I and I my hope is that more

15:00 people even in this group even if

15:02 because I don't look at anybody as

15:03 competitors.

15:04 >> Want to help as many people as we can.

15:06 But I would hope that

15:08 >> as I talk to people in the industry that

15:09 they can kind of see that too,

15:11 >> right?

15:11 >> Yeah. Cuz I was, you know, Matrix is a

15:14 perfect example. I was once in there and

15:15 then I saw the other side of it and I

15:17 >> remember Wizard of Oz.

15:19 >> Yeah.

15:19 >> Like it's this big thing and then you

15:21 realize it's just the old man when you

15:23 look behind the curtain. Right. Right.

15:24 So,

15:25 >> um that's what we're trying to help

15:26 people understand.

15:28 >> Yeah. So, what do you think's the next

15:29 stage for you guys? And and what are the

15:31 goals with growing the firm? I mean, you

15:33 guys got 400 million, you know, under

15:35 management now. And uh is it to get to a

15:38 billion? Is it to exit? What's the goal?

15:41 Uh right now the goal is to scale it to

15:44 a billion which we're definitely on road

15:45 uh on our way to do that in the next

15:47 three to five years. Um so that's the

15:50 first kind of you know major

15:53 >> focal point right now because that's a

15:55 marker for us that shows us that we've

15:56 helped save more people from that trap.

15:58 Right.

15:58 >> Right.

15:58 >> And then um and then as we build from

16:01 there Yeah. getting up to two and and

16:03 seeing how far it'll go as the way it

16:05 stands now. I don't plan on exiting. I

16:07 like doing this. Um I believe in the

16:09 mission too. So, I don't really ever

16:11 plan to retire from this. Um,

16:14 >> I do have, you know, I have real estate

16:16 staff and and whatnot, but um but yeah,

16:18 it's it's fun.

16:19 >> What do you think you got to do

16:20 differently to get there?

16:22 >> Um, we got to do a lot of what we've

16:24 been doing over the last year or two.

16:27 Um, all roads to us lead through

16:29 education. So, unless the awareness

16:32 happens and unless you understand the

16:34 context of why we do things the way we

16:35 do,

16:36 >> it's not sticky enough. And then you

16:38 fall into the comm the commoditization

16:40 trap.

16:40 >> Yeah. You're like, I'll just do the easy

16:41 route.

16:42 >> Yeah. Exactly. I'll just do this because

16:43 it's cheaper or I'll just do this

16:44 because of whatever it is. People don't

16:47 pay people in our profession because of

16:49 the investment management. That should

16:50 just be a given. They pay us so that you

16:53 know like if you're if you're a captain

16:55 of a ship

16:56 >> and your flight your flight's going and

16:58 it's smooth and you hit a little bit of

16:59 turbulence. You pay us because when you

17:02 hit turbulence, we stop you from opening

17:04 the door mid-flight. Yeah.

17:06 >> You know what I mean? like people

17:07 selling their Bitcoin.

17:08 >> Yeah. So then when you think about that,

17:09 it doesn't it doesn't matter if your fee

17:12 was 50% but everything in your life that

17:14 you wanted to do still happen, right?

17:15 >> The fee wouldn't be a problem,

17:17 >> right? But I think that's the biggest

17:19 thing that people don't understand

17:20 because they look at it as a cost as

17:21 opposed to

17:23 >> like an insurance policy or

17:25 >> Yeah. Would you say that for most people

17:27 when it comes to wealth management, it's

17:30 like how many people are focused on just

17:32 kind of preservation and being

17:34 riskaverse versus growth?

17:36 Yeah, it depends. Um, generally speaking

17:39 though, you want all of it, right?

17:41 Right. So, even if you're 75 year old

17:43 kind of cruising in retirement, you

17:45 still want money that you need short

17:46 term that you can't really afford for it

17:48 to go up and down, then you want money

17:50 in a second bucket that maybe you'll go

17:52 on another couple trips if the market's

17:54 up or not, but you don't have to touch

17:55 that money for three years even if the

17:57 market's bad. And then you have your

17:59 last bucket generally with with more

18:01 horsepower, right?

18:02 >> And over time, that's what's going to

18:03 offset everything getting more expensive

18:04 and all that stuff. And then

18:05 operationally what you do is you just

18:06 move the profit over in years that the

18:08 market's up and when the market's bad,

18:11 you're holding off and and even buying

18:13 them.

18:13 >> Yeah. What do you what do you think of

18:14 the market right now with just this AI?

18:17 You know, some people call it a bubble.

18:20 >> Yeah, that's that's tough because it's

18:21 kind of like 1999 again with the

18:23 internet stuff, right? So, um,

18:25 >> and then I'm just seeing all these

18:27 companies like, yeah, actually tokens

18:29 are more expensive than humans. Like,

18:30 what are

18:31 >> this isn't working out the way we

18:33 thought. I don't know what's going to

18:35 happen. The thing about what we do is we

18:37 don't we don't even try to predict the

18:38 future because we know we can't. Right.

18:40 But the industry itself is going to be

18:41 huge. I mean, it's already here, right?

18:44 >> Right. And the in the next 6 months

18:45 it'll do what it did from inception,

18:47 right? Or or past that. So,

18:49 >> they're going to be huge companies.

18:50 There's going to be huge valuations. You

18:52 don't know which one they are uh

18:54 beforehand. If you did,

18:56 >> you'd be all in them.

18:57 >> I only need one stock. just give me the

18:59 one that's the 100x

19:01 >> and then you know when to get in and

19:02 when to get out.

19:03 >> Yeah, exactly. I got to know when to

19:04 buy, when to sell.

19:06 >> If it were only that easy, right? Um

19:08 >> but yeah, I mean that's that's it's

19:10 going to be a big space, but again, when

19:11 you stick to the fundamentals and you

19:13 only do it the discipline way. It might

19:14 not be the sexy way,

19:15 >> right?

19:16 >> But it's really the you don't have to

19:17 apologize for anything. You don't have

19:19 to,

19:20 >> you know, chase the one versus you avoid

19:23 shiny object syndrome. So

19:25 >> dope.

19:25 >> Yeah. Well, if anyone wants to work with

19:27 you, where would they where would they

19:28 go?

19:29 >> Uh, they can just go to our website. Um,

19:32 it's uh correlationadvisors.com, but

19:34 it's called

19:34 >> Correlation Advisors.

19:35 >> Yeah, it's correlation with only one R

19:37 though. It's on purpose. Um, C O R E L A

19:40 T I N Advisors.

19:42 >> Um, it was uh

19:44 >> it was available.

19:45 >> No, actually that's a part of it was

19:47 when you own an independent firm, man,

19:49 you run into if you have a good idea, 28

19:51 guys have it already. But

19:53 >> yeah,

19:53 >> it's um it really is based on the

19:56 acronym C O R E.

19:57 >> Okay.

19:58 >> Core.

19:58 >> Yeah.

19:59 >> Um which is creating outcomes requires

20:01 execution.

20:02 >> Oh, I like that.

20:02 >> And then there's, you know, some

20:04 justosition of words like elations in

20:06 there. Relation.

20:08 >> Got it.

20:08 >> So it's kind of how and then correlation

20:10 is a metric that we look at too, like

20:11 how closely linked is something to each

20:13 other.

20:13 >> Yeah.

20:14 >> Yeah.

20:15 >> What would you say to as we wrap up,

20:16 somebody's watching this, they're

20:17 thinking about uh joining M19, what

20:19 would you tell them?

20:20 >> Oh, do it. Do it. If you're the type

20:22 that wants that community, you want to

20:24 meet great people, um, learn in

20:27 humility,

20:29 that's that's definitely the that to me,

20:32 I said this to one of the uh other

20:34 members, you know, Eric.

20:36 >> Yeah.

20:36 >> Yeah. So, I I um I was telling him after

20:38 that second day mastermind that we did.

20:40 >> Yeah.

20:40 >> I told him, dude, that was worth the

20:43 whole cost of the trip.

20:44 >> Yeah. that two-hour session,

20:46 >> but now we get to go play spy glass. So,

20:48 it's like

20:49 >> and we also still get to go play, oh, I

20:52 forgot about that. And then tomorrow we

20:53 play another course. So, I would say

20:55 >> if you're that type entrepreneur, high

20:58 performer,

20:59 >> you know, looking for that community,

21:01 then

21:02 >> yeah,

21:02 >> it's really it's going to be really hard

21:03 to beat this for sure.

21:05 >> Well, awesome, bro.

21:06 >> Well, I appreciate you coming on, man.

21:08 We're gonna have some fun today at uh

21:10 Aendale out here in Celane. It's going

21:12 to be a great trip and uh

21:14 >> uh we're we're playing in the same group

21:16 uh today. So, we're gonna

21:18 >> we're going to have a match.

21:19 >> Yeah,

21:19 >> we're going to have a good match. We

21:20 talked about thousand match um for the

21:23 week and uh it's going to be good. I'll

21:25 whoever loses donating to charity.

21:27 >> Yep. Donate to charity and I'll be 35 to

21:30 40 yards behind you on every hole. But

21:32 >> every most Well, actually, that's pretty

21:34 good for most.

21:36 >> That's actually pretty good.

21:37 >> Yeah.

21:37 >> But anyways, guys, um go check out

21:40 Allen's firm. We will link to it down

21:42 below. Uh if you need help getting out

21:45 of the matrix and you want to invest the

21:46 right way and know like that somebody's

21:48 got your back and that they are, you

21:50 know, not serving their best interest

21:52 but your best interest, go check them

21:54 out. We will link to it down below and

21:55 we'll see you on the next episode.

21:57 Peace.