Martin Shkreli Reveals How He Made His First $100 Million (
HTML-код
- Опубликовано: 3 авг 2024
- No more small boy spreadsheets, build your business on the free HubSpot CRM: mfmpod.link/hrd
-
Episode 445: Shaan Puri ( / shaanvp ) and Sam Parr ( / thesamparr ) talk with Martin Shkreli ( / marty_catboy ) aka "the most hated man in America", about why he spent time in prison, how he got started in pharma, his logic behind raising the price of Daraprim, and what business he's starting now.
Vote for MFM to win a Webby: vote.webbyawards.com/PublicVo...
Click here to sign up for our event in Austin, TX on Saturday April 29th: www.eventbrite.com/e/my-first...
Check Out Sam's Stuff:
* Hampton - www.joinhampton.com/
* Ideation Bootcamp - maven.com/samparr/ideation-bo...
* Copy That - copythat.com/
Check Out Shaan's Stuff:
* Power Writing Course - maven.com/generalist/writing
* Daily Newsletter - www.shaanpuri.com/
-----
Links:
*Dr. Gupta AI - www.drgupta.ai/
* @-martinshkreli15 - martinshkre...
📧: Sign up for The Hustle Daily Newsletter: mfmpod.link/xon
🎙️: Download Our Podcast: link.chtbl.com/Xq6lWi3m
A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us.
------
Show Notes:
(00:00) - Intro
(00:30) - Intro to Martin Shkreli
(02:12) - When Martin worked with Jim Cramer
(20:31) - How he turned $2M into $1B in pharma
(32:44) - Why did you jack up the price of the drugs?
(52:38) - What do you do with your money?
(58:47) - The Fun Strikes Back Movement
(01:06:51) - Introducing Martin's New Company: Dr. Gupta AI
(01:31:58) - Who are your heroes?
------
For more quality videos subscribe here ➡ / @myfirstmillionpod
🔔 Turn on notifications to stay updated with new uploads
#shorts
#youtubeshorts
Like || Share || Subscribe
Actually one of the most articulate and forward thinking people I’ve ever seen.
He really has no fear.
and no shame
Yep, he has no fear of scamming innocent hard working people and also emotionally manipulating vulnerable women; hope you know those stories
@@armenstaubach9276 Which stories?
The ones the media told him 😂@@god2112
@@armenstaubach9276 who did he scam ?
Martin is by far much more intelligent than his interviewers are. You can tell some of them don’t like him.
nah.
@@weirdo3116 Yup
factual statement, they don't respect him.
they're all NPCs
You watch NPC channels? @@guilimasp
Chill out Sam at least try and hide the fact that you hate him 😅- did anyone else get that vibe? I very much enjoyed this interview though
He swore we couldn’t tell 😂👌
I was wondering if I was the only one. Sam is likely Jealous. Or...
I think Sam may have a crush on Martin.
Sam said: “I don’t know if this true or not”, then made a big hypothetical allegation. This shows to me he didn’t do enough research in preparation for this. Otherwise great interview so far.
@@deastermanIt was a great interview Sam just seemed arrogant and dismissive. I think he is in Love 😘 with Martin.
Oh ok so it wasn't just me
I decided months ago HE WAS targeted by the media because he didn't have the right legal and PR team to shut him up at the right time. I find him very likable and enjoy watching his content whenever possible. When he breaks down companies for investment it's very insightful. People can decide for themselves, but I'd bet his Dr. Gupta will be a success and even if it isn't he'll create a breakthrough that helps mend his image. He's a builder and what makes America great is builders like Martin!
martin shkreli gave me $3000 for literally no reason in 2016 just because i tuned into his stream with less than 30 viewers
actual legend
Giving you money isn't legendary
@@realbigugly giving me it is. Send it over
@@realbigugly it was to me. he was doing giveaways to people who wanted to try trading but couldn't afford it. why so salty? who have you helped lately?
@Dave Nash that's actually a super wholesome story thank you for sharing ❤ hopefully you turned it into more too 🎉
@@DaveNash I'm not salty. I donated food yesterday, but that's pretty irrelevant.
U guys are the best for having him on. Thank u
I listened to the whole episode yesterday and I will go back to listen to the parts of the interview again. This by far is one of the best interviews. Premium content. Big fan of Shkreli
agree
He’s sharp
You very well might be a perfect corporate psychopath
How is Dr Gupta a legitimate business when Open AI is open source?
Admittedly one of the many who just followed the headlines and didn’t look into anything past surface level. Not at all like the the persona that had developed in my mind over time.
Bro , the fact that Sam is 100% less snarky during this interview is a testament to how badass Martin Shkreli really is . 😁💯
come on. i treat most all guests respectfully.
Sam wasn’t holding back on this…. so idk where you’re getting this from…..
@@moneywisebyhampton not this one
I thought Sam didn't hold back at all.
@@FloydTaylor which?
This was one of your top episodes so far this year.
I agree! Just watched it for a second time.
This is the most fired up I've seen Sam and Shaan is in the middle being the peacemaker! 😅
Martin is intelligent and resourceful dude! If you've watched his content, you'd know how much value he provides.
Yeah, overcharging by 1,000% for a drug and profiting from it made him such a great guy 🤦♂️
@@happytoberu do you even know the story behind it?
@@iykyk000 yes, and his utility theory of price is complete nonsense. People should have access to life saving medication for not an arm and a leg but instead available. Sure, you can argue capitalism exists but at the same time, without this person living, they can’t contribute to society. So in theory, it has a net benefit for saving their life for FREE. As long as they are a contributor to society/others
@@happytoberuSo you just want life saving drugs to fall out of the sky?
@@nathanlewis5871 nope, not what I’m saying at all. There can be regulation on these types of drugs. And they should be EXTREMELY affordable, especially to people who contribute to society. For example, insulin, is a life saving drug, 33% of the word is pre diabetic or diabetic. THEY NEED IT TO LIVE. Whether insurance covers it or not, it should be affordable. Right now, people pay hundreds of dollars a month for it. But what if one day, the insurance companies say, ALRIGHT WERE NOT PAYING FOR IT. And people like Martin are at the helm of these companies… you think they’ll make it AFFORDABLE? No, they’ll do everything they can to maximize profit AT THE SAKE OF CUSTOMERS LIVES. I think if your family’s lives or your own were at risk, you’d have a different perspective…
Great as always convo gents!!
Watching Martin's early finance videos on RUclips is how I made my first million. Can't wait to see this interview
You mean his series on analyzing financial statements to calculate company valuations?
I'm curious if you can share some of your "story" how it led to your first million :)
Yeah you’re lying big time.🧢 Show your receipts (if actually true) 😏
How so?
@@katielowen Exactly.
@@katielowen why on earth would i make this up
Thanks for having this interview.
Excellent discussion about Martin Shkreli and his dramatic roller coaster ups and downs.
FINALLY! waited so long for this interview. Great stuff. Keep it up.
Why?
I usually never comment, but I've been following your podcast from a long time.
I have a business of my own, and im fascinated by the way you guys interview people.
Having someone you hate yet giving them a chance to justify why they think a certain way is truly amazing. This was by far the best podcast as its easy to sit with people who agree with us but having people who think differently gives perspective.
What business do you have?
by far one of the most informative and eye opening interviews.. martin is a different breed we should all have his glass half full mentality.
yeah, getting millions out the misery of people in need. What a shark
@@franciscobarbosa6733 You clearly weren't listening. He didn't make millions off the people. He made his money from hedge funds, then ran a pharma company. He raised drug prices which cost INSURANCE companies, not the users.
@tenishotshot That makes insurance cheaper or more expensive? And what if u dont have insurance cuz ur poor?
@@jonascreations1 Poor people have the BEST insurance!!! Are you kidding me?! Have you never used insurance to get medicine before?
@@jonascreations1 people could just ask him directly for the drug and he gave it away for free.
I just finished listening to the Scott Harrison episode and now we have Martin Shkreli ! I don’t think there is another show on earth that’s more diversify.
I'm disappointed you didn't get him to talk about why he was indicted. Only talked about why he was NOT indicted.
He commited securities fraud, conspiracy to commit securities fraud, and conspiracy to commit wire fraud
44:00 trolling is priceless. Great response (and patience with Sam)
Sam was going after him there for real lol. Wild
@@TheChessNeck i was ready to buy some butthurt cream stock
a classic case of "you can either be right and lose or play ball and win." he chose the first. a fockin rockstar if you ask me.
Shkreli was imprisoned for telling people the truth about economics.
No, he went to jail for breaking the law. As do virtually all federally convicted white collar criminals. Him telling the truth about how capitalism works is what got the FEDs interested in him.
@@Bear_Arms Only you have to abide to the law.
Ken Griffin in the most hated man in America.
No he is a scumbag and imprisoned for doing something illegal
@@Bear_Arms Economics, like love, war, religion, politics, is a topic that many humans choose to be ignorant about, including prosecutors, judges and juries. That's one reason why it's called the "dismal science".
This is a great interview, Steve is one of the best guests on your show!
I was already loving this guy then he whispered the words Wu -Tang. This is the first pod i have stopped on my phone to watch on RUclips. Great interview!
one of the best episodes I gotta say
Obviously intelligent, well spoken and likeable. It's insane how distorted media made him out to be.
Sociopaths can be very charming and likeable. In fact it's a key trait of sociopathy
@@genesmolko8113 stop watching MSNBC
Martin has changed quite a bit after prison. My hope is that he stays on this new path.
@@HPhenomenal Stop watching Fox, they lie to you
@@genesmolko8113 he's helped many people by restructuring unprofitable drug companies so they can scale and survive, and in turn saving lives. Production is a tiny cost of drugs, most of it is r&d. so how many lives have You saved?
His situation sounds like an episode of Billions
Y’all dropped some jewels on this one! It’s true that every great entrepreneur should strive to continually challenge themselves by the way of being uncomfortable.
Meta SUCCESS defiantly brings out the INSECURITY in broke co-hosts. 😂
Fantastic interview !
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@c.t.u.o Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 930k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2018, and I return at least $58k ROI, and this does not include capital gain.
@@sherryie2 Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@@Aziz__0 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@sherryie2 I just checked her out and I have sent her an email. I hope she gets back to me soon.
As a premium AI language model, I’m not able to stop watching this video. It’s like a drug, a premium addiction. 💉
this is my favorite podcast man
after hearing Martin in numeras interviews I’ve come to respect and admire his character and how his brain works we need people like him in this world
Crazy to hear Vivek was Martin's biggest investor PRIOR to Retrophin, here we all thought Martin was the youngest OG slangin pharmaceuticals, but vivek's a couple years younger
Absolutely Fantastic! This is a great interview. Well done gents.
Yes siiiir!! Great guest. Great interview.
Such an amazing and interestig episode!
bro got suspended from twitter right after this interview... coincidence?
dr gupta is a threat to the medical industry so i think not.
I'm waiting for a Martin Shkreli movie 🙌
Great interview your objectivity and open-minded approach, and you let Martin talk without interrupting, which very few interviewers seem capable of doing.
This interview has been a long time coming!
BEEN WAITING AGES FOR THIS
No small boys stuff, only premium content 👏🏻
So glad he's out of prison. This guy sent me on my entrepreneurial journey all those years ago. I 100% believe that the billionaires are thanking him. The man is a genius.
What a great interview
The production quality of RUclips MFM has gone up significantly. Nice work.
Great interview
I tried the Dr Gupta Ai, I asked it how to fix knee pain from a playing sports. It took about 30 seconds to answer. But the advice was actually something a real doctor or physical therapist would tell me. I didn't ask about my blood pressure, but I entered it, the AI threw in a line about lowering my blood pressure.
Amazing interview!
Either SAM is jealous or envious. Comes right out. When you interview high profile people one should learn to keep their emotions in check. Let people be the judge, that's why they come to listen to video podcast.
I really appreciate you guys bringing on a diverse set of people to talk too. You didn’t hold back even though Martin may not have the best reputation and for that I thank you. I will continue to share your videos with my friends.
Martin pulled this entire interesting "interview" by himself they didn't really add anything to it
Well, that went south pretty quick! 🤣
This guy is illustrating how grossly corrupt this industry is.
BRILLIANT, all around. hats off to Mr. Shkreli
The ethics of a big pharma company, the personality of a sociopath and the business savvy-ness of Bernie Madoff 😂
A person who inadvertently steps on an ant is not necessarily a sociopath. Shkreli is a genius beyond the understanding of most people who are crippled by excess negative emotions.
@@CoreyChambersLA to step on a human and say they are an ant is the exact definition of being a sociopath or psychopath
I doubt he is a sociopath, probably aspergers. He did give that drug to people who could not afford it. This is the part the media left out to push their agenda/story
Going to call a little BS on what he said about Mark Cuban and his company. I am on an anti seizure med. It was costing me with Insurance 90 bucks for a 90 day supply. I looked it up on Cubans company and it is mailed to me now for 20 bucks with the same supply. 60 dollars in saving. No insurance! That $280 a year ( I know not a lot) So for me and I emphasize for ME what he is saying is not correct. Cuban is helping and I have heard many more stories like mine and a lot more in savings.
Glad to hear
1 of the best podcast
Extremely talented interviewers. I hope this podcast blows up!!!!
Great interview - look forward to a follow up
I’ve never heard someone’s voice change more times
Top epsiode of mfm 100%
Great interview!
His comments on how big customers have law enforcement controlled so easily by their huge law firms who previously worked in government is like hearing about the modern day mafia.
I didn't realize he was freed, congrats.
Great pod. But i wish these hosts would tighten up their delivery. They cheapen every epi with their interruptions and weak questions. All the best.
Everyone hated on the schaub episode so skrelli was brought in for a reckoning 😂
One of the most valuable videos ever. Worth watching over and over 12 to 36 times.
yup im learning to grift before everything collapses. im closely studying him, andy neumann, elon musk and others.
Big fan of Martin, hugely misunderstood. Looking forward to this one - cheers guys!
How the f@ck is he misunderstood? He was convicted for spiking a price of lifesaving drug by 5,000% for no other reason but greed. But hey, at least he seems nice in an interview...
@@kwkarol 😂 I love this response. It is like a big sticker on someone's forehead reading 'I am an idiot'.
@@kwkarol you’re such an idiot he was not convicted of that. He was convicted for fraud, which had nothing to do with that had to do with his hedge fund.
@@kwkarol He didn't face any time in prison for the drug price hike, every Pharma exec does it and nobody went without the drug as a result. He was arrested for securities fraud in the hedge funds mentioned in this video. You, my friend, are an absolute fool.
@@firstspar oh the irony
"I think profits are a great thing."
Lovey this episode.
What’s up with the audio?
This is wild
Fascinating interview - this all happened on the heels of Valeant Pharma
which made his case much harder
I am glad that Sam and Shaan called him out for things he could improve. And also complimented him for things he is amazing at.
I don’t understand how it’s their place to tell another man how he should act.
@@igrowsalons agreed
This interview is SICK!!!! Definitely bringing on really distinguished guests!!! Keep doing it😊😊
@AL S who did he scam? The IRS?
Parrot alert, reads headlines then repeats like it was there thought
@als
@@als6308 Try watching the video next time instead of reading headlines.
i agree, pretty sick to bring on a really disgusting guest
great interview love that you pushed back. Is that youtube prime thing still going?
At what point do they push back ? Sam and Shan are afraid of him. You think he would come on if they push back on anything ?
44:40
I always liked Martin Shkreli ,all pharma companies jack prices up its business . Those boys just wanted to use him as a example because he not in the club. He always give back by teaching and giving free game.
Yep, he's not part of the tribe. That's why they even got the FTC to personally go after him. But Bankman fried who stole billions, free as a bird. Tribes.
His prices were extortion mate, it was a standard average industry rise... He is a sociopath and he surely doesn't care about others
best pod yet❤
Shkreli, despite all his flaws, really has a way to articulate complex stuffs and make it easy to understand.
Loved that one
I randomly found this video I saw you at cap con 6
I'm surprised the milk road interview isn't plugged here
The world wants you to be vanilla.
My best episode yet!
the way Parr tried to act "tough" lecturing skreli was cringe
it's not the first time he's talked like this to a guest (far wealthier and more successful in business than him) to look "cool and badass" by being artificially confrontational
Sam: you seem to be unaware you're not a real tech entrepreneur. you're a glorified blogger that sold a news a newsletter to hubspot
when you can build a real company and bring a physical product to market then Maybe you're fit to breathe the same air as skreli and talk down to him
until then: Rember skreli built pharmaceutical companies, brought drugs to market, has literally patented medicine under his own name and could wipe his rear end with your net worth and still be richer than you
humble yourself
not sure how wealthy skreli really is. he had to give a lot of money back when he was convincted.
yeah that part was weird...
Great guest! Martin rocks
Thanks for this interview. Shkreli is an absolute genius and it’s always a pleasure to listen to him.
It’s been a lesson for me over the years seeing people’s reaction to him.
People are literally NPCs and will do and believe ANYTHING they are told by media.
Yep, they'll believe anything. Like the holocaust lol
as a psychopath, i also can relate to martin shkreli :)
Definitely points to your own psychosis.
Yeah its silly how easily it is to get a mob against someone. Just put it on the TV and boom. Scary man!!!! ahhh
@@sensationsuperthrust You are an NPC
the irony of martin removed from twitter again less that 24 hours after this interview. unban him now.
Sam chill. Also, Martin is a powerhouse
3 bottles of empty hint waters were in my field of vision wen u mentioned it… lol
what did you use to interview Martin? Zoom or RingR or something else? Looks great
Great podcast yall should have him back.
Nobody hated this episode, they hated you. Everybody loves Shkreli
Been waiting so long for this one. Let’s go
The pitbull reference 😂😂😂
Ahhh! I was just thinking he should be on the pod! Lol
Fascinating tp hear his life and his side of yhe story
Premium PharmaBro content gents.
already changed my opinion on Martin. He’s a really smart and intelligent guy the media portrayed him completely different around 2015.
The first 100 million is always the most difficult after that it’s easy
Still trying to get to a 100 million any suggestions
Very happy this interview took place. Go Shkrelli!