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Kevin O'Leary

👤 Speaker
977 total appearances

Appearances Over Time

Podcast Appearances

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And every once in a while, when I hear something like that, it's usually in industries that are well-established.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And I'll give you an example.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

Watch insurance.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

The insurance market

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

is incredibly difficult to break into because it's highly regulated in every state and it's impossible to acquire customers from the behemoths and you know who they are.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And I'm a watch collector.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And so I'm not happy with my insurance options and many other watch owners are not happy either.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

Cause the basic problem is you put it on your home plan, you know, as a rider,

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And then 10 years later, your Rolex is stolen or lost, and it's worth five or 10 times what you bought it for.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And they're paying you out a depreciated value.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

That's one of the problems with many houseplants.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

But I remember people saying to me, oh, you can't get into that business.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And I say, bullshit.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

Watch this.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

My secret sauce is my army of followers that I tell the truth to.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And millions of them, over 10 million of them.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And I say to them, hey, guys, does anybody want to try a different idea for watch insurance?

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

If you don't want it, don't worry about it.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

But I'm going to create this company called WonderCare.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And it's going to do an incredible job on watch insurance.