In this holiday edition of Sorry We're Closed, the guys engage in a lively discussion about Christmas spending statistics and market reactions to recent economic developments. They explore consumer behavior during the holiday season, including gift spending and the prevalence of Christmas cards. The conversation then shifts to the impact of Federal Reserve decisions on the stock market, with insights into investment strategies and predictions for the future. In this conversation, the speakers discuss various investment strategies, focusing on long-term success through careful selection of companies. They delve into the influence of Elon Musk on social media and government, particularly regarding misinformation and community engagement. The discussion also touches on the impact of Caitlin Clark on the WNBA's popularity and concludes with an optimistic outlook for economic growth in the coming years.

Chapters

00:00 Holiday Business Insights

11:20 Market Reactions and Economic Predictions

21:52 Investment Strategies for Long-Term Success

32:41 Community Notes and Misinformation

53:10 Optimism for Future Economic Growth

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In this episode of 'Sorry We're Closed', hosts Pat and Tevo discuss revelations in business marketing, particularly in the hospitality industry. Pat shares insights from his experiences with the Light Group, emphasizing the importance of marketing and advertising to drive sales. The conversation transitions into sports, focusing on NFL team valuations and the impact of marketing on franchise worth. In this conversation, Tevo and Pat L discuss the evolution of the Detroit Lions and their significance in Thanksgiving football, the controversies surrounding the 2034 World Cup awarded to Saudi Arabia, and the economic implications of hosting such major events. They delve into the global audience of the World Cup, comparing it to the Super Bowl, and explore FIFA's financial dynamics, including concerns about corruption. The discussion also touches on the long-term benefits of hosting major sports events and the potential for community development through sports infrastructure.

Chapters

00:00 Intro

10:30 Restructuring for Future Success

22:53 Transitioning to Sports Topics and NFL Valuations

35:00 The Evolution of the Lions and Thanksgiving Football

40:06 The Global Audience of the World Cup

44:45 FIFA's Financial Dynamics and Corruption Concerns

55:01 The Future of Sports Infrastructure and Community Development

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Summary

In this episode of the Sorry We're Closed podcast, hosts Pat Light and TiVo discuss a variety of topics ranging from the impact of AI on business, employee expectations for raises, and the growth of their social media presence. They delve into economic sentiments, the psychology behind consumer debt, and investment strategies, particularly in the context of the current market landscape. The conversation highlights the importance of understanding the underlying assets in investments and the potential for business growth despite economic challenges. In this conversation, the speakers discuss various investment strategies, the impact of market opportunities, and the role of billionaires in politics. They delve into the concept of deferred money in sports contracts, particularly focusing on the Dodgers' approach. The discussion highlights the importance of understanding market dynamics and the potential for wealth creation through informed investment decisions.

Chapters

00:00 Introduction to the Podcast and Hosts

02:55 Exploring AI and Its Impact

05:51 Social Media Recognition and Growth

08:57 Employee Expectations for Raises

11:49 Business Growth and Economic Sentiment

15:04 Credit Card Debt and Consumer Psychology

17:52 Investment Strategies and Market Insights

28:20 Investment Strategies and Market Opportunities

36:14 Contrarian Views in Investing

46:30 The Role of Billionaires in Politics

57:09 Deferred Money in Sports Contracts

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In this Thanksgiving episode, Pat and Tevo discuss their podcasting tradition, the economics of Thanksgiving, turkey preferences, consumer spending, house fire safety, insurance implications, and the importance of customer experience in business. In this conversation, Pat and Tevo discuss their personal experiences and reflections on Black Friday traditions, the evolution of shopping habits, and the impact of online shopping. They delve into the psychology behind consumer behavior during the holiday season, the average discounts seen on Black Friday, and their personal preferences regarding shopping.

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Chapters

00:00 Thanksgiving Traditions

03:10 The Economics of Thanksgiving

06:01 Turkey Preferences and Family Dynamics

09:01 Thanksgiving Spending and Consumer Behavior

11:54 House Fires and Safety Concerns

15:01 Insurance and Financial Decisions

17:59 Starbucks and Customer Experience

27:53 Black Friday Traditions and Experiences

30:13 The Evolution of Black Friday Shopping

32:50 The Shift to Online Shopping

36:30 Understanding Black Friday Sales and Discounts

39:51 The Psychology of Shopping and Discounts

42:35 Personal Shopping Preferences and Experiences

46:07 Health Routines: Saunas and Cold Plunges

51:57 Thanksgiving Plans and Reflections

In this episode of 'Sorry We're Closed', Pat and Tevo discuss the recent launch of the Christmas theme at the Waiting Room, the challenges of managing a busy/growing restaurant. They also explore Gen Z's perception of success in terms of salary expectations, comparing it to millennials and boomers, and conclude with insights on the average US salary. They explore the financial realities faced by young professionals, the changing dynamics of the bar industry, and the opportunities presented by the creator economy. The discussion also touches on the struggles of living in high-cost areas like New York City and the evolving expectations of financial success across generations.

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00:00 Welcome and Introduction

02:50 The Waiting Room's Holiday Launch

06:02 Challenges of Managing a Busy Restaurant

08:57 Streaming Trends During COVID

11:53 Gen Z's Perception of Success

21:11 Average US Salary Insights

21:36 Challenges in Hiring and Managing Costs

30:44 Changing Demographics in the Bar Industry

32:41 The Struggles of Young Professionals

34:23 The Cost of Living in New York City

36:43 Pricing Strategies in the Bar Industry

38:09 Transforming Business Models for Success

46:14 Generational Perspectives on Financial Success

In this episode Tevo and Pat cover a variety of topics but out main two are how the Ohtani Effect continues to grow in regards to business and advertising in a way we have not seen in Major League Baseball before! We also discuss Bitcoin this week as it reaches new all time highs at $93,000. The stat that caught Pat's eye in how BlackRock (yea the bank that basically runs the world) is operating in the space). It is a fascinating discussion around the world of finance and we hope you will enjoy!

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00:00 Introduction and Podcast Dynamics

02:51 The Bizarre Case of the Faked Death

10:22 Ohtani's Impact on Major League Baseball

25:12 Introduction to Bitcoin and Cryptocurrencies

32:48 Understanding Bitcoin's Value and Adoption

42:59 Mining Bitcoin: What Does It Mean?

49:01 Bitcoin vs. Gold: A Comparative Analysis

56:47 The Future Utility of Bitcoin

01:01:04 Investor Psychology and Market Dynamics

01:05:15 Bitcoin vs. Traditional Assets

01:10:29 The Role of Bitcoin in a Changing Economy

01:21:34 Bitcoin's Accessibility and Global Impact

In this episode of the 'Sorry We're Closed' podcast, hosts Pat Light and Tevo discuss the recent election results, market reactions, and the implications for various industries. They delve into the staggering amounts spent on political ads, particularly in swing states, and reflect on the effectiveness of media strategies employed by candidates. The conversation also touches on the Super Bowl ad spending and the broader economic landscape post-election. In this conversation, the speakers delve into the impact of long-form podcasts on political engagement, particularly among young voters. They discuss the effectiveness of advertising strategies in political campaigns, the importance of authenticity in messaging, and the role of media in shaping public perception. The conversation also touches on the future of political leadership and the dynamics of current political figures.

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YouTube and Socials

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00:00 Introduction and Podcast Overview

02:05 Post-Election Reflections

06:57 Market Reactions and Predictions

10:41 Super Bowl Ad Spending Insights16:55Election Spending Breakdown

27:19 Media Strategies and Election Outcomes

36:00 The Power of Long-Form Conversations

39:13 Engaging Young Voters Through Podcasts

42:03 Advertising Strategies in Political Campaigns

46:06 Authenticity in Political Messaging

49:53 The Role of Media in Political Perception

54:03 The Future of Political Leadership

Special pod with a special guest today! If you want to jump right to the Bob Menery interview go to 35:23. Bob gives us a deep dive into how he got started, the truth behind the Buffalo Wild Wings partnership, and SOME WILD STORIES YOU NEED TO HEAR including Dana White and a parrot.

The episode with Pat and Tevo kicks off with a World Series recap on how viewership was highest in Japan with the Ohtani effect and how Tom Brady became an owner of the Raiders!

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Chapters

00:00 Introduction to the Podcast and Guests

10:00 The Ohtani Viewership Numbers

13:00 Tom Brady the Owner

35:00 Bob Menery Interview

In this episode of 'Sorry We're Closed', we discuss the success of the Jordan brand, the importance of personal branding, and the power of storytelling in business. The gang explores how Michael Jordan's brand has surpassed his basketball earnings and delve into the significance of building a personal brand in today's market. The conversation emphasizes that a compelling story can enhance brand value and attract customers. In this conversation, Sean and Pat discuss the importance of startup stories and the hunger for real-life experiences in business. They delve into the significance of brand building in professional sports, particularly in the context of the new Intuit Dome for the Clippers, highlighting how technology is reshaping fan experiences as Steve Ballmer spent $2 Billion for this new facility. Overall you will learn some awesome facts around powerful brands you know and hopefully some strategies on how you can look at your own personal brand as well!

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Chapters

00:00 Introduction to the Podcast and Guests

05:04 The Jordan Brand: A Business Phenomenon

15:03 Building Personal Brands in Business

25:10 The Importance of Storytelling in Branding

38:56 Brand Building in Professional Sports

44:12 The Intuit Dome: A New Era for the Clippers

52:01 The Future of Fan Experience in Sports

In this episode of "Sorry We're Closed," Pat, Sean, and Tevo discuss a range of topics including obstacles in Pat's real estate investment ventures around tenant eviction challenges and the complexities of landlord responsibilities. Pat shares his experiences with Section 8 tenants and the difficulties of deciding when to evict, balancing compassion with business needs. The hosts also explore Walgreens' decision to close stores, citing reduced consumer spending and cost-cutting measures, as well as Starbucks scaling back its discounts in favor of emphasizing quality and customer experience. The episode wraps up with a lively discussion on creative marketing strategies, including the successful use of $5 espresso martini promotions at Pat's bar, The Waiting Room, and ideas to keep customer engagement high.

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YouTube and Socials

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0:00 Intro

04:00 Discussion on Section 8 tenant eviction challenges.

17:48 Walgreens' store closures and consumer spending decline.

25:41 Starbucks' strategy shift away from heavy discounts.

45:24 Marketing success with $5 espresso martini promotion.