Pejman Ghadimi
๐ค SpeakerAppearances Over Time
Podcast Appearances
so i mean first off i wouldn't tell you to walk around with a 300k watch if you didn't know where you were going or there was a risk that you could get robbed but you can do safety deposit boxes and banks when it comes to putting watches away for cars they are safe storage places that are primarily focused on storing uh exotics fine wine art etc and their car condos we call them that are usually available in every city or state or you can even buy like a very cool very cute warehouse
and very small warehouse in a good part of town, put a lot of security on it and end up actually tax deducting that in its own right, you know, as a business. But that's a whole story for another time. But the core of it is most major cities where these things are generally used and there's a large enough audience have things like car condos and safety box boxes where you can leverage for that.
and very small warehouse in a good part of town, put a lot of security on it and end up actually tax deducting that in its own right, you know, as a business. But that's a whole story for another time. But the core of it is most major cities where these things are generally used and there's a large enough audience have things like car condos and safety box boxes where you can leverage for that.
So my view on that is you always take the money as long as the it's the replacement cost is less than what the offer you're getting. So whenever I gauge like, should I sell what I have today? Am I going to miss it? Or am I getting maximum money?
So my view on that is you always take the money as long as the it's the replacement cost is less than what the offer you're getting. So whenever I gauge like, should I sell what I have today? Am I going to miss it? Or am I getting maximum money?
I usually ask myself, if I was going to buy it myself today, knowing what I know that people don't know, could I buy it cheaper than this person is offering me?
I usually ask myself, if I was going to buy it myself today, knowing what I know that people don't know, could I buy it cheaper than this person is offering me?
So if a jeweler came to me and said, hey, I'll give you $100,000 for your watch, and I'm like, hmm, but I can't really replace it for less than $110,000, and it would take a year, then I go, well, that's not really worth it because that offer is probably going to be on the table all the time.
So if a jeweler came to me and said, hey, I'll give you $100,000 for your watch, and I'm like, hmm, but I can't really replace it for less than $110,000, and it would take a year, then I go, well, that's not really worth it because that offer is probably going to be on the table all the time.
But if someone came and gave me $150,000 and said, hey, I'll give you like $130,000 because I really want it and I don't want to go look for it, then I'd be like, okay, well, I can replace it probably for $95,000 to $100,000. So I'm just going to go and get that deal done even if I don't replace it immediately. If I change my mind,
But if someone came and gave me $150,000 and said, hey, I'll give you like $130,000 because I really want it and I don't want to go look for it, then I'd be like, okay, well, I can replace it probably for $95,000 to $100,000. So I'm just going to go and get that deal done even if I don't replace it immediately. If I change my mind,
and I can't find it for 80 grand and really make that work, I can always buy it back for 100 and basically still make a profit today. Now, if it's a one-of-one, like I've sold a one-of-one Ferrari that I had that I designed that was baby blue that was like stunning and brought the world record for the most expensive Ferrari piece that sold ever.
and I can't find it for 80 grand and really make that work, I can always buy it back for 100 and basically still make a profit today. Now, if it's a one-of-one, like I've sold a one-of-one Ferrari that I had that I designed that was baby blue that was like stunning and brought the world record for the most expensive Ferrari piece that sold ever.
So when I sold that car, it was a 101 and I regretted it. Then I bought it back again because the owner sold it to me. And I sold it again because I made 200 grand every time, like three times in a row. So I made 600 grand on the car. So I felt really good about it. I was like, oh, I made 600 grand on a car that was like 400 to begin with.
So when I sold that car, it was a 101 and I regretted it. Then I bought it back again because the owner sold it to me. And I sold it again because I made 200 grand every time, like three times in a row. So I made 600 grand on the car. So I felt really good about it. I was like, oh, I made 600 grand on a car that was like 400 to begin with.
So the argument was, well, I made 600 grand, drove a car for a year and the car was 400. That's amazing, you know, but that car is irreplaceable. So if I was back when I sold it, I was in the position I'm today where I'm rich enough to say, I don't care. I'm going to keep all these cars forever. It doesn't even matter. I'll keep buying five cars every single six months.
So the argument was, well, I made 600 grand, drove a car for a year and the car was 400. That's amazing, you know, but that car is irreplaceable. So if I was back when I sold it, I was in the position I'm today where I'm rich enough to say, I don't care. I'm going to keep all these cars forever. It doesn't even matter. I'll keep buying five cars every single six months.
Then I wouldn't have sold that car because that money had come every time I sold that car, meaning the value is probably going to stay the same no matter the mileage or the time because of its rarity.
Then I wouldn't have sold that car because that money had come every time I sold that car, meaning the value is probably going to stay the same no matter the mileage or the time because of its rarity.
Well, you will, and that's okay. You can drive it. The whole argument is this is a progressive training program to begin with, so we're not completely disconnected from the fact that people aren't buying Lamborghinis to flip them, and we're not telling people to flip them. Our program is designed for people to buy their car, enjoy their car for a whole year or two, and then get rid of the car.