Flood says he didn’t get rich off his parents’ money Flood: “A lot of people are like, ‘Oh, well, how does he have this family office? … He must have grown up rich, or it must be family money.’ It’s actually not. … I don’t really know where that rumor came from or started” Rasmr: “Okay, bro, you’re posting, like, ‘I have rich parents and I’m proud.’ … You said that” Flood: “I lean into the meme. Yeah, of course I lean into the meme. But if I could set the record straight here about life stuff, like, I definitely didn’t grow up poor” Rasmr: “I will explain this in a way that doesn’t reveal anything, but I met someone that grew up with you, and they revealed a personal detail that does confirm, in my opinion, beyond a doubt that you did not grow up rich. … I could vouch, I guess”

Sylvester Stallone says he broke his neck at 21 but was too broke to get it fixed “I was doing a fight scene in Expendables with Steve Austin… So I go to the doctor. They go, ‘Oh, you broke your neck. Again.’ I go, ‘What do you mean, again?’ He goes, ‘Yeah, you have double autofusions.’ I didn’t realize that at the time” “I was doing a bench press when I was maybe 21, in a wrestler’s bridge, which means you’re putting all your weight on the back. It’s really ridiculous. And it snaps. And I think, ‘Oh, I just strained it a little bit.’ I couldn’t move my head” “So literally, for maybe five weeks, I take a towel, twist it, and walk around. Go buy some eggs, cottage cheese, come back, and then do the same thing. I didn’t realize I’d broken my back, but I couldn’t afford to have it fixed. So it autofuses… 17 degrees forward. So I’ve got to constantly go back”

Flood says buying a Lamborghini only makes you happy for a few months before it becomes a pain in the ass “A lot of people will make a bunch of money and then they’re like, ‘Dude, I need to buy a BMW M3.’ No you don’t, man. You’ll realize that these material things make you happy, but they make you happy for less time than you think” “It’s this reversion to your baseline happiness that actually leads to unhappiness, because you’re like, ‘Why isn’t this Lamborghini making me happy for a year? It only made me happy for three and a half months’” “‘And now it’s actually a pain in the ass because I have to go get it wrapped, I have to put new tires on, it needs maintenance. Oh, the center console doesn’t turn on anymore.’ These are all problems that I have”

Sylvester Stallone says someone tried to sell him back a Monet painting for $130 million that he originally bought for $110,000 “You could buy Picasso, you could buy Renoir. These are very famous paintings. Francis Bacon, $75,000. And then I would sell it for $3,000,000. Not bad, right?” “Ten years later, 12 years later, guys come back and try to sell it to me for 75 million. I’m not joking. So the point is, if you’ve got art, don’t sell it unless you have to pay the mortgage, because it’s appreciating. You don’t have to feed it” “I had a collection that you can’t replace because of the shift in finance. It’s unbelievable. This one Monet, it’s $110,000. It’s called the Haystacks, right? I paid like 110. Guy wanted to sell it back to me for 130 million”

Flood says he underestimated a guy selling airplane parts whose business makes $300M a year “I was talking to some people around the bar of the community. It’s like a clubhouse, golf course, wellness type of thing. Super bougie, super luxe. I’d never really seen anything like it” “I’m talking to this guy at the bar, and I’m like, ‘What do you do, man?’ … ‘I run this trading firm, and I have this front end trading business’ This is a few years ago. And he’s like, ‘Oh, that’s cool, man. What are your revenues?’ He’s like, ‘Oh, that’s cool. I sell airline parts.’ I was like, ‘Oh, cool, man. I respect small businesses’” “Maybe egoing this guy. He’s like, ‘Yeah, we have about 300 million of EBITDA, and I own the entire business.’ And you just realize, dude, there’s so much money out there in the world”

Rasmr says it's insane to have FedEx drivers making $20 an hour deliver $1M Pokémon cards “You think FedEx drivers are gonna put their life on the line for your Pikachu card, bro? The FedEx driver makes like $20 an hour, and you’re delivering a million-dollar Pokémon card. You think he’s putting his life on the line for your Gengar?” “PSA and all these card grading companies, they’ve lost their minds, bro. They’ve lost their minds. They need to do armed security pickup and delivery, with eight stormtroopers in the back, armed up delivering this shit” “How are you gonna ship a million dollar product with no escort? It’s ridiculous”

Rasmr says Bitcoin could be the exit ramp for investors getting nervous about AI “When AI was going up, Bitcoin was going down. And now with AI retracing, Bitcoin is steady and going up slightly” “So it’s like, what’s the take? The take is you have to look at the fucking charts and say they’re uncorrelated. They are uncorrelated” “And so when AI gets spooked and there’s like a run on GPUs and whatever fucking Alexander is saying, it’s like the uncorrelated thing to buy when everybody’s spooked about debt obligations and all these weird things is like, you just buy Bitcoin. You buy the exit ramp, right?”