Summer is Coming, the Markets Are Crashing & I Better Win Some Money on the Golf Course 4-3-25

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Becker Private Equity & Business Podcast 5 min 1 speaker transcribed

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0:00

This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is summer is coming, the markets are crashing, and I better win some money on the golf course. So one of the things I'm looking forward to this summer is I play golf with a very sort of embarrassing group of different people. And I'll just note a few of them here in this discussion. But one of the things I get very excited about, particularly when I see the market so down today, down 3% or 4%, is the chance to take money from this motley group of golfers. It is a group of untalented, untalented people. One of them plays all winter at some place called the Polo Club. You'd think this was the fanciest place in America, but it's really not. It's fine. It's beautiful.

0:51

But it's not like, you know, what you think of as a Polo Club, unless you think of a Polo Club as surrounded by a certain type of people. But it is no Polo Club in terms of the real world. This golfer hits the ball a mile away. You know, can be can be on when he's on, but could be wild when he's wild and just generally an easy mark for winning money. He's also one of the few guys that's about the same height as I am. I actually feel like Bill Walton or, you know, Walt Chamberlain next to him. So I love, love, love to play with him. The second guy that I often get a chance to play with come winter, and again, one of the deals come summer is, and one of the deals on this is if you could name the four people we name, then we'll send you a $200 Amazon gift certificate, but you can't be one of these four people, and you've got to be the first one to name them and text me at 773-766-5322.

1:44

The second one is a tall, gangly guy who's got sort of the – Mental IQ on the golf course of something close to a cousin of mine who wasn't bright enough to get into college. He plays with a mental IQ that's really low. He plays with the same mental IQ in paddle tennis. Really good guy. Really good father. A little awkward. He is truly an acquired taste. The inside game is a little bit like Brad Sellers used to be and hits it right there. The third guy who I'm so sick of taking money from is one who always complains, you know, you're supposed to give me strokes, you're supposed to get strokes, you're supposed to get strokes. It is what it is. He's a Buckeye, one of the finest people in the world, politically leans a little bit center-right, but very rational person, I think is an apoplectic, somewhat... constant watcher of the markets, which makes it a tough time as the markets are up and down and tariffs are hitting and so forth.

2:56

But also one of these guys that's a gifted, gifted, good, good guy and hasn't taken money from me in years. So I can't wait to play with him. The fourth guy is a guy that I get a chance to play with almost every week who is sort of like, you know, ridiculous in his own way. Comes out loaded for beer. Hits the ball all over the place. Again, doesn't play what I think it was a highly intelligent game of golf. More sort of an... A game that is a little bit wild, a little bit out of control. Also, what we think of as an easy mark in the business. He himself is a marketing guru. The thing I'll talk about all four of these people, one of them's a brilliant real estate developer and investor, one of the best in the business in our area, as good a guy as they come. The second is the 13th greatest tax attorney for real estate in Chicago, but actually a tremendous professional, tremendous, tremendous person. The third was a highly successful Wall Street guy.

4:00

And the highest compliment you could pay about a guy who's a highly successful Wall Street guy is he is the least seeming like a highly successful Wall Street guy that you could get. The most down-to-earth, unpretentious person you will ever find. The best of the best. And that's the same with all these guys. The fourth guy is more of a wild card. We love him to death. He's built this incredibly brilliant marketing practice. He's one of the most creative, engaged, trying to learn people that I know, an evolving learning type of person. You know, I do fault him once in a while for being the kind of guy that says, I'm going to take my paddle someplace else if I can't play on the court I want to play on. But he's grown past that, and we love him regardless.