5-hour Energy billionaire launches podcast for the average investor

The Street

The Business of Everything aims to be your ultimate guide to success, with your questions answered by a proven business leader.

Transcript

00:00I would love to talk about why you decided to start this podcast.

00:04Well, I've built a few large businesses, each one over a billion dollars,

00:09and I see so much stuff that's just nonsense because it's taught by people who've never done business.

00:15You've got professors, you've got consultants, you've got all of these people,

00:19and they teach you this stuff which is just wrong.

00:23What we're going to do is give everybody a different perspective

00:26as to how we disagree, how I disagree.

00:30They can take it or don't take it, but definitely it'll be fun,

00:33and it'll be funny because some of the stuff you can't make up.

00:37I would love to talk about one example of a common one that you think is just really worth discussing today.

00:44So I interview people a lot, you know, all the time for hiring,

00:48and several people I've interviewed said, I said, what do you do all day?

00:53And he goes, well, 35%, 40% of my time goes to making PowerPoints.

01:00Some say, sorry, when do you actually do your work if you're spending 40% of your time doing PowerPoints?

01:08So what I did was in our company I said internally PowerPoints are illegal

01:14because we're not five years old, we don't need pictures, just make bullet points.

01:19Just one page, bullet points.

01:21I don't need circles and stairs and charts and graphs.

01:26And why? It made no sense, especially if you're wasting all this time.

01:31As you've said, people can expect to hear a lot about all of these things that maybe they do every day

01:36and maybe aren't the most efficient practices, and you're trying to help people do away with that.

01:41And so I would love to know who this podcast is for.

01:43It's actually for the investors, retail investors that buy stocks and whatever,

01:49and they don't really understand investing because nobody really taught them.

01:53And all you've got is Wall Street speak, which is really a lot of nonsense.

01:58You've got people who predict stuff all the time.

02:00Predictions are wrong almost all the time, and yet we keep listening to the same predictions.

02:05So somebody's got to really say, OK, how do you actually do this to make sense?

02:11If someone only had 60 seconds to hear your best piece of investment advice, what would that be?

02:15Here's the thing. There's some parts of investing that are broken out into several pieces.

02:20One is gambling, where you say, oh, the stock's going to go through the moon.

02:24Or speculation, where you're putting money in a company that makes no money.

02:29Then there's investing in companies that make money.

02:33And then you look at them and say, what's the risk here?

02:37I don't want to lose my money.

02:39And then there's the fourth kind, which is you put in a bank and inflation eats it away.

02:44So you've got to understand all of them and what their position is, because if you don't understand it, you can't do it.

02:51Absolutely. And I want to know if there's a key takeaway that you could give to the listeners from your podcast.

02:55What would you want that to be?

02:57I think everybody wants to really know how everything works.

03:02And the funniest stuff is the truth.

03:07And when you look at it, you're going to say, oh, my God, why didn't I think of that?

03:13That's what this podcast is about.

03:16It's getting to the obvious.

03:19Talk to me about how you want the community to engage with you and what you want to receive from your audience to best serve them.

03:25OK. Well, I think lots of people want questions.

03:30Look, I've got this investment. Should I do it? Should I not?

03:34Right. Or I'm doing this. I'm going to buy this company.

03:38Should I do it or not? I'm hiring people. What should I do?

03:43Every business has several business within it.

03:46There's hiring, there's making, there's buying.

03:50So everybody, there's questions for everything.

03:54So whatever my experience is from that, I'll be answering those questions.

04:00And if I don't know the answer, I won't answer it.

04:03But you invite all questions then.

04:05Invite all questions. And I mean, there's stuff that I don't know anything about.

04:12No, I don't know anything.

04:14It's a good business practice. Don't preach what you don't know, of course, right?

04:17So it's going to be available on YouTube at bizwithmanoj, that's B-I-Z-W-I-T-H, Manoj, M-A-N-O-J.

04:25And then it'll be available on Spotify, Apple Podcasts, and everywhere else that people would like to consume their podcasts.

04:30And if people want to submit questions, they can email manoj at businesswithmanoj.com or in the comments on YouTube.

04:37Or they can call and number 877-424-1004.

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