Why Elon Musk is Selling His Possessions | Joe Rogan

the Joe Rogan experience now you're in the middle of this this strange time where you're selling your houses you say you don't want any material possessions and have been seen all that and I've been really excited to talk to you about this yeah because it's an interesting thing to come from a guy like yourself like why are you doing that I'm slightly sad about it actually but what if you're sad about it why are you doing it I think I make possessions kind of weigh you down then they're kind of an attack vector you know you'll say hey billionaire you got all this stuff like no I'm done our stuff now what are you gonna do attack vector meaning like people targeted yeah mmm interesting yeah but you're obviously gonna so you're gonna rent a place yeah okay and get rid of everything except clothes no I said like almost everything so it's like keep a couple Tesla's yeah shows house kind of have to yeah that's the product and stuff um yeah there's things that have sentimental value for sure keeping those yeah yeah so do you feel like is what's worse think it'd happen yeah you're fine yeah yeah you could always buy more stuff if you don't like it though yeah I mean from the money that you sell all your stuff you could buy new stuff but do you feel like people define you by the fact that you're you're wealthy and that they define you in a pejorative way for sure I mean not on your own but right you know there's for sure in recent like you wrote years billionaire has become a purge ah you like it's in a pejorative like it's like that's a bad thing which I mean I think don't doesn't make a lot lot of sense in most cases if you if you've done if you basically organized the company like what's like kind of how does this wealth arise it's if you organize people in a in a better way to produce products and services that are better than what existed before and you have some ownership in that company then that that essentially gives you the right to allocate more capital so it is it's that there's a conflation of consumption and capital allocation so let me say Warren Buffett for example Andrea totally Frank I'm not his biggest fan but I know he does like capital allocation and he reads a lot a lot of sort of annual reports of companies and what will be counting and it's pretty boring really and he's trying to figure out is he does Coke or Pepsi deserve more capital I mean that's I mean it's kind of a boring job if you ask me but you know it's still a thing that's important to figure out like which it is a company deserving of more or less capital should that company grow or expand is it making products and services that are better than others or worse and you know should you know if we kind of a company is making compelling parts and services it should get more capital and if it's not it should get less well got a business well there's a big difference - between someone who's making an incredible amount of money designing and engineering fantastic products versus someone who's making an incredible amount of money by investing in companies or moving money around the stock market or doing things along those lines it's it's a different thing and to put them all in the same category seems it's it's very simple and as you pointed out it's an attack vector yeah for sure I mean I think it's really I I do think there in the in the United States especially there's an over allocation of talent in finance and law basically to many smart people go into finance and law so you know this is both a compliment and a criticism we should have I think fewer people doing law and your people are doing finance and more people making stuff yeah yeah well that would certainly be better for all involved if they made better stuff yeah yeah absolutely and and you know manufacturing used to be highly valued and the United States and these days it's not it's it's often looked down upon which i think is wrong yeah well I think that people are kind of learning that particularly because of this whole pandemic in this relationship that we have with China that there's a lot of value in to making things into making things here yes somebody's got to do the real work yeah you know and you know like making making a car at Solano stays as honest day's living that's for sure you know or making anything really or providing a valuable service like providing you know good or entertainment get information that these are all valuable things to do you know so yeah the trip should be more more of it did you have a moment where is this something that this idea of getting rid of your material possessions is something that built up over time or did you have a moment of realization where you realize that yeah I've been thinking about it for a while you know part of it is like I like I have a bunch of houses but I don't spend a lot of time in most of them and that doesn't seem like a good use of assets like somebody could probably be enjoying those houses and get better even than me so don't you have Gene Wilder's house I do that's amazing it's awesome Wow yes it's exactly what he's expected did you request that the buyer not [ __ ] it up yeah that's a requirement requirement that's a good requirement yeah not in that case in that house yeah it'll probably self last but still I don't care he's a legend you want his soul you'd want his essence yeah in the building it's and it's there that's a real quick is it quick yes yeah what what makes you say it's there look what do you get out of it I mean all the all the cabinets are like can't handmade and they're like odd shapes and there's like doors to nowhere and strange like corridors and tunnels and really odd odd paintings on the wall and yeah did you ever live in it it's very clear I did live in it briefly yeah but why do you buy houses like if you own all these houses do you just get bored and go I think I'd like to have that well I you know had one house and then the gene Wilder house right across the road from me from from my main house and it was gonna get it was gonna get sold and then torn down and turned into you know be a big construction zone for three years and I was like well I think I'll buy it and preserve the spirit of gene water and not have a giant construction zone and then the you know I start having like some privacy issues where like people would like less people I come to my house and you know start climbing over the walls and stuff don't hate man so then I started like what a house some of the houses around my house and then I thought at one point well you know it'd be cool to to build a house so I acquired some properties at the top of Samara Road and which has got a great view and it's like okay well these some bunch of sort of small older houses they're gonna get torn down anyway I was like well you know like collect these like little little houses then I can build something you know I don't know artistic like a you know dream house type of thing what's a dream house for Elon Musk like some Tony Stark type [ __ ] yeah definitely yeah you gotta have the dome that opens up with the stealth helicopter and that kind of thing you know yeah for sure [ __ ] yeah yeah okay but but then I was like man Doralee what it doesn't really make sense for me to spend time designing and building a house and I'd be real you know get like OCD on the little details and the design and or should I be allocating that time to getting us to Mars I should probably do the latter so you know like what's more important Mars or a house I like Mars okay [Applause]

Channel: JRE Clips

Views: 1,378,607

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Keywords: Joe Rogan, JRE, Joe Rogan Experience, JRE Clips, PowerfulJRE, Joe Rogan Fan Page, Joe Rogan Podcast, podcast, MMA, Joe Rogan MMA Show, UFC, comedy, comedian, stand up, funny, clip, favorite, best of

Id: 1v--NMCwXqw

Length: 8min 59sec (539 seconds)

Published: Thu May 07 2020