Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:13,059 --> 00:00:14,730
It doesn't matter
what I'm saying.
2
00:00:14,763 --> 00:00:16,534
It's just, "Oh, that's nice.
He showed up."
3
00:00:17,101 --> 00:00:19,038
[music]
4
00:00:21,109 --> 00:00:24,448
The season finale of The Premise
is a philosophical fable
5
00:00:24,750 --> 00:00:27,756
about the power of redemption
versus the drive for revenge
6
00:00:28,189 --> 00:00:31,129
and whether it's possible for a
human being to outrun his fate
7
00:00:31,362 --> 00:00:33,066
or rewrite his destiny.
8
00:00:34,068 --> 00:00:35,337
It's called "โButt Plug".
9
00:00:36,139 --> 00:00:38,243
[music]
10
00:00:51,135 --> 00:00:53,674
[dramatic classical music]
11
00:02:28,564 --> 00:02:31,402
We could dip into
the kids' college funds.
12
00:02:33,340 --> 00:02:34,543
That's their future.
13
00:02:35,210 --> 00:02:37,181
I know,
but if we lose the house,
14
00:02:37,214 --> 00:02:40,153
we're going to have to move out
of the school district, so...
15
00:02:40,387 --> 00:02:41,757
I really think you should just-
16
00:02:41,790 --> 00:02:43,460
No, no, no, no, no...
17
00:02:44,462 --> 00:02:45,732
What do you have to lose?
18
00:02:46,332 --> 00:02:48,504
You're working on a
financial services company.
19
00:02:48,771 --> 00:02:51,476
He is the biggest
international banking CEO--
20
00:02:51,510 --> 00:02:52,311
No.
21
00:02:53,279 --> 00:02:53,848
No.
22
00:02:54,816 --> 00:02:56,720
I was terrible to him.
23
00:02:57,856 --> 00:03:00,528
It's a shame in my life
how I treated that kid.
24
00:03:00,561 --> 00:03:02,699
It was 30 something years ago.
25
00:03:02,899 --> 00:03:04,669
I would think he
would forgive you.
26
00:03:04,703 --> 00:03:05,872
He shouldn't forgive me.
27
00:03:06,907 --> 00:03:08,376
I wouldn't forgive me.
28
00:03:10,581 --> 00:03:12,217
What did you tease him for?
29
00:03:13,019 --> 00:03:13,821
[exhales]
30
00:03:14,723 --> 00:03:15,858
You know, for whatever.
31
00:03:17,327 --> 00:03:18,296
For being...
32
00:03:19,298 --> 00:03:19,933
different.
33
00:03:19,966 --> 00:03:21,202
for being poor.
34
00:03:21,235 --> 00:03:22,471
For being poor?
35
00:03:22,839 --> 00:03:26,880
Eli, he's one of the
richest men in the world,
36
00:03:26,914 --> 00:03:28,450
of all the things in the world
37
00:03:28,483 --> 00:03:30,454
to have a sense
of humor about.
38
00:03:30,487 --> 00:03:32,391
Look, that's what you
should say to him.
39
00:03:32,424 --> 00:03:33,627
How sorry you are.
40
00:03:34,361 --> 00:03:35,865
How funny this is.
41
00:03:36,633 --> 00:03:38,537
That obviously, this is karma.
42
00:03:38,738 --> 00:03:41,777
That you ended up having
to turn to him.
43
00:03:41,810 --> 00:03:43,681
He'd never take the meeting.
44
00:03:45,585 --> 00:03:46,920
Just reach out and see.
45
00:03:48,289 --> 00:03:49,458
Swallow your pride.
46
00:03:49,492 --> 00:03:50,661
It's not pride.
47
00:03:51,663 --> 00:03:52,766
It's shame.
48
00:03:54,268 --> 00:03:56,339
Nobody ever says
swallow your shame.
49
00:03:58,276 --> 00:03:59,746
Yeah, no, I agree.
50
00:04:00,380 --> 00:04:01,517
It's a weird phrase.
51
00:04:02,017 --> 00:04:02,952
[phone intercom]
52
00:04:02,986 --> 00:04:05,525
Eli Spector, he says
you grew up together.
53
00:04:09,733 --> 00:04:10,935
Eli Spector.
54
00:04:11,603 --> 00:04:13,273
After all these years.
55
00:04:14,743 --> 00:04:16,411
No, no. To the contrary.
56
00:04:18,048 --> 00:04:19,820
For you, I can make the time.
57
00:04:22,592 --> 00:04:24,830
[music]
58
00:04:44,503 --> 00:04:45,337
Hi.
59
00:04:45,671 --> 00:04:46,740
[laughs]
60
00:04:46,773 --> 00:04:48,343
Um, wow.
61
00:04:48,777 --> 00:04:50,280
Nice to uh--
62
00:04:51,449 --> 00:04:52,619
It's been so long.
63
00:04:52,652 --> 00:04:53,687
So long.
64
00:04:54,556 --> 00:04:56,392
Obviously,
so much has changed and...
65
00:04:57,127 --> 00:04:58,664
for you, especially.
66
00:04:59,533 --> 00:05:00,835
You still live in Victory?
67
00:05:01,435 --> 00:05:02,004
Yeah.
68
00:05:02,539 --> 00:05:03,306
Yeah.
69
00:05:04,408 --> 00:05:07,481
I remember you were
living in this beautiful house
70
00:05:07,949 --> 00:05:09,485
right next to Crystal Lake,
71
00:05:11,355 --> 00:05:13,393
always in the newest,
finest clothes.
72
00:05:13,426 --> 00:05:14,295
Yeah, the, the--
73
00:05:14,996 --> 00:05:16,567
the place has changed,
74
00:05:16,967 --> 00:05:17,936
you know.
75
00:05:18,537 --> 00:05:19,739
Not what it used to be.
76
00:05:20,775 --> 00:05:22,912
Do you know the story
of the ship of Theseus?
77
00:05:23,647 --> 00:05:24,481
[laughs]
78
00:05:24,516 --> 00:05:27,822
Never paid much
attention in school.
79
00:05:27,856 --> 00:05:32,331
A ship at sea over time has its
planks replaced one by one.
80
00:05:32,966 --> 00:05:34,870
At a certain point
after many years,
81
00:05:35,605 --> 00:05:37,441
none of its planks are the same.
82
00:05:37,909 --> 00:05:39,946
Is it still in fact
the same ship?
83
00:05:41,917 --> 00:05:42,852
[chuckles]
84
00:05:42,886 --> 00:05:43,721
[poof]
85
00:05:44,689 --> 00:05:45,958
I mean uh...
86
00:05:47,027 --> 00:05:48,564
I just uh...
87
00:05:49,098 --> 00:05:52,805
Your success,
it just blows me away,
88
00:05:52,839 --> 00:05:56,045
and then you really earned
everything on pure merit.
89
00:05:56,547 --> 00:05:58,751
What is merit, when you
really think about it?
90
00:05:59,118 --> 00:06:01,690
Inner qualities,
outer influences,
91
00:06:01,723 --> 00:06:03,661
Is any of that really merit?
92
00:06:04,763 --> 00:06:08,002
Or are we just sailing blindly
along a scripted sea of fate
93
00:06:09,004 --> 00:06:11,475
on a winding path that would
seem all too obvious
94
00:06:11,510 --> 00:06:12,979
to anyone looking back?
95
00:06:15,818 --> 00:06:17,354
Hey, man, I---
96
00:06:17,822 --> 00:06:19,659
I just have to get
this out of the way.
97
00:06:19,693 --> 00:06:20,695
I uh...
98
00:06:21,964 --> 00:06:23,433
I feel terrible,
99
00:06:25,571 --> 00:06:27,575
absolutely awful, um...
100
00:06:28,811 --> 00:06:30,514
about the way I was,
101
00:06:31,048 --> 00:06:32,017
and um...
102
00:06:33,787 --> 00:06:36,025
I just want a chance
to raise my kids right.
103
00:06:36,793 --> 00:06:37,795
And um...
104
00:06:41,068 --> 00:06:41,803
[clears throat]
105
00:06:43,574 --> 00:06:44,943
We were children, Eli.
106
00:06:48,449 --> 00:06:49,653
We're different now.
107
00:06:51,657 --> 00:06:54,729
And without those obstacles,
I wouldn't be who I am today.
108
00:06:55,564 --> 00:06:57,000
It motivated me, Eli.
109
00:06:57,034 --> 00:06:58,102
It still motivates me.
110
00:06:59,471 --> 00:07:01,877
And the more success I have,
the more I realize that
111
00:07:01,910 --> 00:07:05,718
the only things that really
matter are the elemental things,
112
00:07:05,751 --> 00:07:06,820
the personal things,
113
00:07:08,691 --> 00:07:10,060
like this lunch with you.
114
00:07:11,897 --> 00:07:12,799
So---
115
00:07:16,472 --> 00:07:17,542
How can I help?
116
00:07:18,711 --> 00:07:19,713
[exhales]
117
00:07:19,746 --> 00:07:20,548
Okay.
118
00:07:21,148 --> 00:07:21,917
[clears throat]
119
00:07:24,789 --> 00:07:26,459
You've heard of
the blockchain and
120
00:07:26,492 --> 00:07:27,862
I've heard of the blockchain,
121
00:07:27,895 --> 00:07:31,135
but 97% of insurance providers
have never heard of-
122
00:07:31,168 --> 00:07:32,204
I'd say no--
123
00:07:32,605 --> 00:07:33,674
Stop, I'm sorry.
124
00:07:33,707 --> 00:07:34,475
Um,
125
00:07:35,645 --> 00:07:36,780
You're still doing it.
126
00:07:37,214 --> 00:07:38,216
Blockchain...
127
00:07:39,385 --> 00:07:41,757
You're still following what
the popular kids are doing.
128
00:07:41,790 --> 00:07:43,226
You're better than that, Eli.
129
00:07:44,061 --> 00:07:46,566
See, in business,
I've learned to not follow
130
00:07:46,600 --> 00:07:48,570
what the popular kids
are already doing because
131
00:07:48,604 --> 00:07:50,708
the opportunity is
definitionally marginal.
132
00:07:50,941 --> 00:07:53,046
If you want a
transformational opportunity,
133
00:07:53,246 --> 00:07:56,653
you need to find something that
everyone else sees as worthless
134
00:07:57,187 --> 00:07:59,826
and elevate it to
something priceless.
135
00:08:01,162 --> 00:08:02,532
Well, that um--
136
00:08:03,634 --> 00:08:05,571
sounds very wise and uh,
137
00:08:06,305 --> 00:08:08,677
it's certainly worked for you,
138
00:08:08,711 --> 00:08:10,113
so thanks.
139
00:08:10,146 --> 00:08:12,250
Do you know what would
be of interest to me?
140
00:08:15,190 --> 00:08:16,225
A butt plug.
141
00:08:18,731 --> 00:08:20,166
A butt plug?
142
00:08:22,605 --> 00:08:25,010
Just a butt plug?
143
00:08:25,043 --> 00:08:25,911
No,
144
00:08:26,112 --> 00:08:27,615
not just a butt plug.
145
00:08:28,584 --> 00:08:29,786
A great butt plug.
146
00:08:30,955 --> 00:08:33,659
A butt plug the likes of which
the world has never seen.
147
00:08:34,260 --> 00:08:37,735
A but plug that once the world
does see it, changes the world.
148
00:08:38,202 --> 00:08:40,073
If you were to bring
me that product,
149
00:08:40,106 --> 00:08:42,912
yes, that would be of
great interest to me.
150
00:08:46,085 --> 00:08:47,054
You see,
151
00:08:48,189 --> 00:08:50,260
the difference between
your face and mine right now,
152
00:08:50,293 --> 00:08:53,032
the difference between our
faces is the human definition
153
00:08:53,232 --> 00:08:54,836
of an arbitrage opportunity.
154
00:08:55,738 --> 00:08:56,873
That is profit.
155
00:08:57,642 --> 00:08:58,777
I don't quite-
156
00:08:58,811 --> 00:09:01,683
Of course it would have to
be something extraordinary,
157
00:09:02,184 --> 00:09:05,090
something that would require
your complete and total focus.
158
00:09:05,123 --> 00:09:07,260
You would have to quit
your project and
159
00:09:07,294 --> 00:09:09,899
devote yourself full time to
developing a product that
160
00:09:09,933 --> 00:09:11,937
would be worthy of
my consideration,
161
00:09:13,206 --> 00:09:14,274
but if you did,
162
00:09:16,646 --> 00:09:18,684
I would schedule a meeting
of the full board
163
00:09:18,717 --> 00:09:20,086
of my company
a year from today,
164
00:09:20,120 --> 00:09:22,658
and you would have the
full and undivided attention
165
00:09:22,692 --> 00:09:24,194
of me and my associates.
166
00:09:25,296 --> 00:09:26,867
Are you saying...
167
00:09:27,769 --> 00:09:29,238
you want me to quit my job--
168
00:09:29,806 --> 00:09:30,641
and...
169
00:09:31,643 --> 00:09:34,314
spend the next year of my life
developing a--
170
00:09:35,049 --> 00:09:36,152
butt plug?
171
00:09:37,955 --> 00:09:39,993
Would there be a contract?
172
00:09:40,026 --> 00:09:42,130
No, no contract,
173
00:09:42,832 --> 00:09:45,336
no promise of any
kind other than a meeting.
174
00:09:46,238 --> 00:09:49,813
No, you would be pursuing
this on pure speculation
175
00:09:50,681 --> 00:09:52,184
based on the
well-established history
176
00:09:52,217 --> 00:09:53,754
I have of proposing things
177
00:09:53,787 --> 00:09:55,156
that sound outlandish at first
178
00:09:55,190 --> 00:09:57,327
only to be met with
unprecedented success.
179
00:09:57,360 --> 00:09:59,331
This could be the next
one of those,
180
00:10:01,970 --> 00:10:04,576
or it could be the worst
decision you ever make.
181
00:10:05,644 --> 00:10:07,047
Of course,
at the end of the day,
182
00:10:07,080 --> 00:10:08,116
you don't bet on an idea,
183
00:10:08,149 --> 00:10:11,322
you bet on a person,
so you need to place a bet.
184
00:10:13,259 --> 00:10:15,363
You need to look into
my eyes and ask yourself
185
00:10:15,396 --> 00:10:17,334
whether for a person
in my position,
186
00:10:17,969 --> 00:10:20,106
mercy is a
stronger satisfaction
187
00:10:21,041 --> 00:10:22,210
than revenge.
188
00:10:25,718 --> 00:10:27,955
You can stay on the path
you're currently on,
189
00:10:30,126 --> 00:10:30,995
or...
190
00:10:32,264 --> 00:10:35,303
drop what you're doing and come
to my office a year from today
191
00:10:35,336 --> 00:10:37,775
with a butt plug that will
change the world and
192
00:10:37,809 --> 00:10:39,044
your life along with it.
193
00:10:42,752 --> 00:10:44,354
Um, what ah--
194
00:10:46,993 --> 00:10:48,697
is a butt plug?
195
00:10:50,300 --> 00:10:52,705
Sounds like you have
a long journey ahead,
196
00:10:53,941 --> 00:10:56,278
and you've already
taken the first step.
197
00:11:03,861 --> 00:11:05,430
Hm, butt plug.
198
00:11:05,463 --> 00:11:07,434
I had to look it up.
199
00:11:08,202 --> 00:11:09,004
Well...
200
00:11:09,839 --> 00:11:11,743
How hard is it
to make a butt plug?
201
00:11:11,776 --> 00:11:13,312
The way he wants to do it?
202
00:11:13,346 --> 00:11:14,849
Take everything I've got.
203
00:11:16,018 --> 00:11:17,855
There's no
half-ass in this, Susie,
204
00:11:18,456 --> 00:11:20,126
so to speak,
I'd have to--
205
00:11:20,861 --> 00:11:21,863
quit the startup.
206
00:11:21,897 --> 00:11:24,301
You'd have to take a second job.
207
00:11:28,009 --> 00:11:29,344
Is he fucking with you?
208
00:11:33,219 --> 00:11:34,454
What if he is?
209
00:11:38,429 --> 00:11:40,133
What if he's not?
210
00:11:41,135 --> 00:11:43,072
[phone rings]
211
00:11:44,107 --> 00:11:45,678
Eli...
212
00:11:46,045 --> 00:11:47,180
I'm glad to hear it.
213
00:11:47,848 --> 00:11:49,084
Yeah, we'll be in touch.
214
00:11:56,098 --> 00:11:58,302
[music]
215
00:12:10,260 --> 00:12:11,830
One of the keys
to a butt plug is
216
00:12:11,863 --> 00:12:13,299
you don't want to
go too small.
217
00:12:13,332 --> 00:12:15,069
- Ahh...
- Small ones fall out.
218
00:12:15,103 --> 00:12:18,075
It needs to be wide enough for
the sphincters to grip it and
219
00:12:18,109 --> 00:12:19,879
hold it in place.
220
00:12:20,547 --> 00:12:22,217
[background conversations]
221
00:12:23,152 --> 00:12:23,820
Got you.
222
00:12:24,822 --> 00:12:26,425
[background conversations]
223
00:12:34,441 --> 00:12:35,376
Fuck!
224
00:12:43,359 --> 00:12:47,233
[TV: Oh, God. Oh, God.]
225
00:12:48,402 --> 00:12:50,306
[moans]
226
00:12:54,481 --> 00:12:55,684
Uh, good, not great.
227
00:12:55,718 --> 00:12:58,824
I feel like you're losing sight
of how the insertion goes.
228
00:12:59,124 --> 00:13:00,159
Right. Right.
229
00:13:00,193 --> 00:13:03,533
I definitely think
material-wise, metal is perfect.
230
00:13:03,567 --> 00:13:05,804
It feels better in your butt,
in my opinion.
231
00:13:11,382 --> 00:13:13,052
[music]
232
00:13:30,420 --> 00:13:32,892
[manufactuing sounds]
233
00:13:35,129 --> 00:13:37,902
[alarm goes off]
234
00:13:45,584 --> 00:13:47,153
[rhythmic music playing]
235
00:14:21,188 --> 00:14:22,090
My friend.
236
00:14:22,390 --> 00:14:24,161
Oh...
[laughter]
237
00:14:24,194 --> 00:14:24,996
Oh, my God.
238
00:14:25,463 --> 00:14:26,265
Are you excited?
239
00:14:26,298 --> 00:14:27,167
Oh--
240
00:14:27,200 --> 00:14:29,304
I'm fucking terrified.
241
00:14:29,337 --> 00:14:30,440
[laughs]
242
00:14:31,041 --> 00:14:33,145
Well, the whole board
is here as promised.
243
00:14:33,547 --> 00:14:36,385
London, Dubai, Buenos Aires,
244
00:14:36,418 --> 00:14:38,289
they all flew in from
around the world.
245
00:14:38,322 --> 00:14:39,257
- Really?
- Mm-hmm
246
00:14:40,059 --> 00:14:41,495
Just for a butt plug.
247
00:14:41,529 --> 00:14:42,531
[chuckles]
248
00:14:44,267 --> 00:14:46,305
It's not just a butt plug,
is it?
249
00:14:47,575 --> 00:14:49,377
I asked for something
transcendent,
250
00:14:49,411 --> 00:14:51,181
something revolutionary,
251
00:14:51,215 --> 00:14:53,653
something worth an hour of
my time and a year of yours.
252
00:14:53,687 --> 00:14:56,258
You're not telling me now
that it's just a butt plug?
253
00:14:58,129 --> 00:15:00,534
Everything I have--
254
00:15:01,168 --> 00:15:03,907
is riding on this butt plug.
255
00:15:06,178 --> 00:15:07,247
Okay.
256
00:15:07,280 --> 00:15:10,319
The people you're about
to meet are my colleagues,
257
00:15:10,353 --> 00:15:11,656
and in many cases,
they're my friends,
258
00:15:11,689 --> 00:15:13,426
but they are not my peers.
259
00:15:14,094 --> 00:15:15,998
My peers are the other chairmen
260
00:15:16,031 --> 00:15:17,535
of the world's
largest companies.
261
00:15:17,568 --> 00:15:18,670
You see what I'm saying?
262
00:15:23,245 --> 00:15:25,216
We grew up shoulder to shoulder
263
00:15:25,684 --> 00:15:27,253
but we were not peers.
264
00:15:28,523 --> 00:15:30,026
You see what I'm saying?
265
00:15:31,462 --> 00:15:32,330
No.
266
00:15:34,301 --> 00:15:37,340
I don't want an object whose
peers are other butt plugs.
267
00:15:38,409 --> 00:15:40,313
I want a butt plug
whose peers are
268
00:15:40,346 --> 00:15:42,618
the other great objects
in existence.
269
00:15:46,391 --> 00:15:46,993
Whenever you're ready.
270
00:15:55,443 --> 00:15:57,147
My friends,
thank you all for coming.
271
00:15:58,048 --> 00:16:01,556
It's my great pleasure to
introduce you to Eli Spector.
272
00:16:03,292 --> 00:16:05,363
We've known each
other since childhood.
273
00:16:05,396 --> 00:16:08,135
And the time has changed
us all so much.
274
00:16:08,169 --> 00:16:09,204
Uh, [laughs]
275
00:16:09,471 --> 00:16:11,141
None more than your
chairman here.
276
00:16:11,175 --> 00:16:12,110
[laughs]
277
00:16:12,945 --> 00:16:14,014
Eli, it's a pleasure
to introduce you
278
00:16:14,047 --> 00:16:15,249
to the board of directors.
279
00:16:15,283 --> 00:16:18,623
To your immediate left, with
the confident smile, is Sandy.
280
00:16:19,224 --> 00:16:21,395
Sandy has led two
Fortune 500 companies,
281
00:16:21,428 --> 00:16:24,367
but her sense of humor has
remained very down to earth.
282
00:16:25,369 --> 00:16:27,207
To her left is Alice.
283
00:16:27,641 --> 00:16:31,114
Alice comes all the way to us
from London and this is in fact
284
00:16:31,148 --> 00:16:33,653
her first time traveling since
the loss of her husband.
285
00:16:34,120 --> 00:16:35,591
My condolences, Alice.
286
00:16:35,624 --> 00:16:37,761
The man with the generous
light shining through
287
00:16:37,795 --> 00:16:39,030
his eyes is Charles.
288
00:16:39,064 --> 00:16:42,437
Charles and his partner Steven
run our charitable foundation.
289
00:16:42,470 --> 00:16:44,040
Wonderful to meet you, Eli.
290
00:16:44,074 --> 00:16:46,078
Thank you for
the work you do.
291
00:16:46,111 --> 00:16:48,415
And, of course, you'll
recognize Gail Truesdale.
292
00:16:48,449 --> 00:16:49,484
Ambassador.
293
00:16:50,419 --> 00:16:52,257
Troy is the youngest
member of our board,
294
00:16:52,658 --> 00:16:54,394
a former Fields Medal winner.
295
00:16:54,427 --> 00:16:56,398
That's a prize given out to--
296
00:16:56,431 --> 00:16:59,070
The most gifted statistical
analyst of his generation.
297
00:16:59,471 --> 00:17:04,381
I'm well aware, Troy,
or if I may, Dr. Ozdemir.
298
00:17:05,383 --> 00:17:09,089
Last but not least is Marcus
'The Moneyman' Stevens
299
00:17:09,124 --> 00:17:09,992
[chuckles]
300
00:17:10,026 --> 00:17:12,531
representing our emerging
investments arm.
301
00:17:12,565 --> 00:17:13,132
Excited and pumped.
302
00:17:13,165 --> 00:17:14,334
[chuckles]
303
00:17:14,367 --> 00:17:18,442
All of us, Marcus, all of us
are very excited and pumped.
304
00:17:19,077 --> 00:17:19,779
[chuckles]
305
00:17:20,513 --> 00:17:21,248
Eli.
306
00:17:25,455 --> 00:17:26,458
[clears throat]
307
00:17:29,865 --> 00:17:31,603
I'm here to present a butt plug.
308
00:17:34,241 --> 00:17:35,376
Come on. Laugh.
309
00:17:36,846 --> 00:17:38,683
Butt plug.
310
00:17:39,117 --> 00:17:40,654
Come on, it's funny.
311
00:17:41,723 --> 00:17:43,292
And, those are funny words.
312
00:17:44,461 --> 00:17:46,599
It's funny that
I'm here, a stranger,
313
00:17:46,633 --> 00:17:50,139
a total nobody standing
in front of all of you saying,
314
00:17:50,172 --> 00:17:52,243
I'm here to present
a butt plug,
315
00:17:53,145 --> 00:17:53,813
right?
316
00:17:55,851 --> 00:17:58,355
Come on, let's be honest,
when we hear a butt plug,
317
00:17:58,389 --> 00:18:01,228
we assume it's a crude punch
line to a cruder joke or a--
318
00:18:01,495 --> 00:18:03,098
cheap accessory to a--
319
00:18:04,669 --> 00:18:06,071
cheaper experience.
320
00:18:11,181 --> 00:18:12,083
That ends today.
321
00:18:12,584 --> 00:18:13,853
[swooshing sound]
322
00:18:16,693 --> 00:18:18,730
How do you find the most value?
323
00:18:20,366 --> 00:18:24,074
You search for that which
is the most undervalued.
324
00:18:25,343 --> 00:18:28,215
One of the great financial
thinkers of our time said that.
325
00:18:28,516 --> 00:18:31,856
In fact, that thinker happens
to be in this room right now.
326
00:18:33,425 --> 00:18:37,300
But, I want to take you on my
journey in finding value
327
00:18:37,635 --> 00:18:40,239
in the undervalued today.
328
00:18:41,743 --> 00:18:46,318
Now, the sex toy industry, is
a $50 billion a year industry
329
00:18:46,351 --> 00:18:49,892
growing at nearly 25%
a year for the last 5 years.
330
00:18:49,925 --> 00:18:52,263
Now, as Marcus will
be the first to tell you,
331
00:18:52,463 --> 00:18:54,234
those numbers are
enough to motivate
332
00:18:54,267 --> 00:18:55,804
just about any company
in the world,
333
00:18:55,837 --> 00:18:57,841
but that's not this
company's philosophy.
334
00:18:57,875 --> 00:19:01,816
Follow the magic and
the math will follow.
335
00:19:03,586 --> 00:19:07,327
The world, since Daniel and
I were children, has changed.
336
00:19:07,628 --> 00:19:10,299
And, the inspiring story
of our time is
337
00:19:10,333 --> 00:19:12,604
the revolution
we're living through
338
00:19:12,971 --> 00:19:15,911
and our approaches to
intimacy and identity.
339
00:19:16,879 --> 00:19:17,915
Once marginalized,
340
00:19:17,948 --> 00:19:21,321
orientations and identities
are rapidly fighting
341
00:19:21,355 --> 00:19:23,960
for representation and
respect in a more
342
00:19:23,993 --> 00:19:26,666
inclusive society
they're defining.
343
00:19:27,534 --> 00:19:30,674
With that sexual practices once
trivialized and diminished,
344
00:19:31,274 --> 00:19:33,947
with even harmless-seeming
mockery and jokes,
345
00:19:33,980 --> 00:19:37,554
move from the shadows
into the sunlight of society.
346
00:19:38,222 --> 00:19:40,192
So, that leaves us with
a great story,
347
00:19:40,226 --> 00:19:42,698
but with all due respect to
the foundation Charles runs,
348
00:19:42,731 --> 00:19:44,602
you guys aren't a charity--
[chuckles]
349
00:19:44,635 --> 00:19:45,837
and a great past but--
350
00:19:46,405 --> 00:19:48,342
you guys don't have
a time machine.
351
00:19:50,379 --> 00:19:51,481
You don't, do you?
352
00:19:51,516 --> 00:19:52,551
[laughter]
353
00:19:53,553 --> 00:19:56,291
No, what you want to know
about is the future.
354
00:19:57,026 --> 00:19:59,397
Now, when we've seen
this growth parabola and
355
00:19:59,431 --> 00:20:01,703
comparable industries that
develop in tandem with
356
00:20:01,736 --> 00:20:04,441
a cultural shift, there's a
fascinating commonality.
357
00:20:04,975 --> 00:20:06,979
Whether it's computing
or high-end coffee,
358
00:20:07,013 --> 00:20:09,618
a product at the center of
a cultural shift reaches
359
00:20:09,652 --> 00:20:12,457
the exact point we're at
today when an object,
360
00:20:12,490 --> 00:20:15,764
a singular object emerges
that hits the nexus between
361
00:20:15,797 --> 00:20:19,572
elite status and mass appeal
and powers the leap from
362
00:20:19,605 --> 00:20:23,312
cultural uniqueness
to cultural ubiquity.
363
00:20:24,615 --> 00:20:28,222
With coffee in the 1990s,
it was the Starbucks cup.
364
00:20:28,489 --> 00:20:31,495
With computing in the 2000s,
it was the iPhone.
365
00:20:31,529 --> 00:20:36,672
This point of no return is when
an industry coalesces around
366
00:20:36,706 --> 00:20:40,614
its DSO,
its dominant singular object.
367
00:20:40,647 --> 00:20:42,918
Where are you getting this--
368
00:20:43,485 --> 00:20:45,322
This theory of analysis?
369
00:20:46,291 --> 00:20:48,630
This is my original analysis.
370
00:20:49,063 --> 00:20:51,401
It's proprietary,
but I'd be more than honored
371
00:20:51,435 --> 00:20:53,472
to share it with you
if we work together and
372
00:20:53,506 --> 00:20:55,309
apply it to all
sorts of phenomenon.
373
00:20:55,510 --> 00:20:56,512
But um...
374
00:20:57,380 --> 00:20:58,516
Back to the bottom line--
375
00:20:58,917 --> 00:20:59,919
[laughter]
376
00:20:59,952 --> 00:21:00,854
if you will--
377
00:21:01,756 --> 00:21:04,829
What will be that object
in this industry?
378
00:21:05,864 --> 00:21:08,001
The Harvard Medical School
Center for Study of
379
00:21:08,035 --> 00:21:10,272
Sexual Practices conducted
studies on every
380
00:21:10,306 --> 00:21:12,410
sexual and gender identity.
381
00:21:12,744 --> 00:21:15,382
I obtained a researcher
pass to visit them and
382
00:21:15,416 --> 00:21:16,485
see what they learned.
383
00:21:16,686 --> 00:21:18,790
Their conclusion
was the obvious.
384
00:21:18,823 --> 00:21:22,430
There is one anatomical point
with a far higher incidence
385
00:21:22,463 --> 00:21:26,071
of sexual responsiveness across
all human beings than any other.
386
00:21:26,104 --> 00:21:27,941
Not more sensitivity, mind you,
387
00:21:27,975 --> 00:21:31,414
but more universally reported
sensitivity by a mile.
388
00:21:31,448 --> 00:21:32,518
Why are the numbers so high?
389
00:21:34,053 --> 00:21:39,532
Because it's a body part
virtually every human being has.
390
00:21:39,698 --> 00:21:41,001
[laughter]
391
00:21:41,903 --> 00:21:42,805
So,
392
00:21:43,773 --> 00:21:45,042
we've established the
potentially dominant
393
00:21:45,075 --> 00:21:48,415
universality of this object in
response to one cultural shift:
394
00:21:48,448 --> 00:21:50,520
sexual and gender identity.
395
00:21:50,554 --> 00:21:52,724
But, there's a second shift
we're experiencing:
396
00:21:53,091 --> 00:21:55,362
the nature of intimacy.
397
00:21:55,396 --> 00:21:58,001
The two fastest-growing intimacy
statuses with which people
398
00:21:58,035 --> 00:22:00,941
self-identify are, one, people
who are solitary by preference,
399
00:22:00,974 --> 00:22:03,011
and two, people in
a relationship in which
400
00:22:03,045 --> 00:22:05,015
another partner
is not physically present.
401
00:22:05,049 --> 00:22:08,088
Now, the object I'm presenting
today is not only an object
402
00:22:08,121 --> 00:22:10,861
with near-identical responses
across all sexual and
403
00:22:10,894 --> 00:22:13,900
gender identities, it's also
an object with near-identical
404
00:22:13,933 --> 00:22:16,973
responses across
all intimacy identities.
405
00:22:17,440 --> 00:22:20,045
That means, in intimate
partnerships as well as
406
00:22:20,079 --> 00:22:21,448
those without partners or
407
00:22:21,481 --> 00:22:23,385
without partners
physically present.
408
00:22:23,418 --> 00:22:26,526
And Troy, you don't need a
Fields Medal to know that when
409
00:22:26,559 --> 00:22:28,663
you overlay two growth curves,
the curves don't double,
410
00:22:28,696 --> 00:22:29,097
they grow-
411
00:22:29,130 --> 00:22:30,366
Exponentially.
412
00:22:30,399 --> 00:22:33,940
But that's just the dominance of
a $50 billion a year industry.
413
00:22:34,140 --> 00:22:35,610
Why quit there?
414
00:22:35,644 --> 00:22:36,779
Stop.
415
00:22:38,015 --> 00:22:38,816
Stop.
416
00:22:40,152 --> 00:22:41,556
I need a break.
417
00:22:44,193 --> 00:22:45,496
[background noise]
418
00:23:04,133 --> 00:23:05,035
This is him?
419
00:23:05,069 --> 00:23:06,037
He is a madman.
420
00:23:06,071 --> 00:23:08,408
- Oh, adorable.
- Yeah.
421
00:23:10,947 --> 00:23:13,485
So, we've established the
potential of this object
422
00:23:13,519 --> 00:23:15,991
to ride this cultural wave,
423
00:23:16,024 --> 00:23:16,959
Right? But--
424
00:23:17,894 --> 00:23:20,032
How could it do
something more important?
425
00:23:20,767 --> 00:23:23,973
How could it expand
the wave all together?
426
00:23:24,474 --> 00:23:26,879
Let me start with an example
you might find amusing.
427
00:23:26,913 --> 00:23:29,818
Vibrators are a
$3 billion a year business.
428
00:23:30,954 --> 00:23:32,591
Not bad. Not bad.
429
00:23:32,824 --> 00:23:35,162
You know what's a $7 billion
dollar a year business?
430
00:23:36,064 --> 00:23:38,001
Hand-held personal massagers.
431
00:23:38,035 --> 00:23:40,039
[laughter]
432
00:23:43,513 --> 00:23:45,449
[laughter continues]
433
00:23:47,219 --> 00:23:48,756
[laughter continues]
434
00:23:49,190 --> 00:23:50,125
I'll wait.
435
00:23:54,535 --> 00:23:58,442
The point being, many
consumers need a cover story
436
00:23:58,843 --> 00:24:01,916
to purchase an object
designed for sexual pleasure
437
00:24:01,949 --> 00:24:05,523
which alone accounts for
enormous hidden numbers.
438
00:24:05,824 --> 00:24:10,065
But, what if their cover story
wasn't just a cover story?
439
00:24:11,702 --> 00:24:13,506
What if this were
an object that--
440
00:24:14,207 --> 00:24:16,177
provided relief
to nearly 40 million
441
00:24:16,211 --> 00:24:18,549
people a year who suffer
from constipation?
442
00:24:19,083 --> 00:24:21,789
What if it had a built-in
Wi-Fi-enabled camera
443
00:24:21,822 --> 00:24:23,860
that could automatically
operate a colonoscopy
444
00:24:23,893 --> 00:24:26,766
saving as many as
10,000 lives a year?
445
00:24:28,101 --> 00:24:30,540
Do you think $599
is too much to charge
446
00:24:30,573 --> 00:24:32,209
for a previously
marginalized object?
447
00:24:32,744 --> 00:24:33,846
I did.
448
00:24:33,880 --> 00:24:36,819
So, I took it upon myself to
lead a dozen focus groups
449
00:24:37,019 --> 00:24:39,792
all of which came to
the same conclusion.
450
00:24:39,825 --> 00:24:43,498
Even though $411 is the
break-even point,
451
00:24:43,700 --> 00:24:48,208
the price point the consumer
preferred wasn't $499, $599,
452
00:24:48,241 --> 00:24:49,812
or even $799.
453
00:24:49,845 --> 00:24:56,959
Customers want to pay
$999 for this object.
454
00:24:57,728 --> 00:25:00,265
Because the extra cost
was what helped
455
00:25:00,299 --> 00:25:04,040
counteract the stigma
of a butt plug
456
00:25:05,042 --> 00:25:08,583
and turn it into a genuine
"Veblen good."
457
00:25:09,785 --> 00:25:12,256
Like a Lamborghini or
a bottle of fine cognac,
458
00:25:12,289 --> 00:25:14,595
this is the type of good
where the customer
459
00:25:14,628 --> 00:25:17,567
actually wants to overpay.
460
00:25:18,736 --> 00:25:22,076
$1,000 bucks is a lot,
but it's my health, you know.
461
00:25:23,345 --> 00:25:24,380
It's important.
462
00:25:24,414 --> 00:25:28,623
Accounting for this
astronomical profit margin.
463
00:25:28,656 --> 00:25:29,825
incredible--
464
00:25:31,027 --> 00:25:33,298
But what really makes something
worth it to a consumer?
465
00:25:34,968 --> 00:25:36,672
If it's a great investment.
466
00:25:37,607 --> 00:25:38,676
I know what you're thinking.
467
00:25:38,710 --> 00:25:41,281
How could something like
this be a great investment?
468
00:25:41,314 --> 00:25:42,951
Well, it would be if, say--
469
00:25:44,755 --> 00:25:46,257
it were made with zinc.
470
00:25:47,928 --> 00:25:51,000
And if I had pre-negotiated zinc
futures with the government
471
00:25:51,034 --> 00:25:54,006
of Bolivia to ensure that even a
moderate order hits a threshold
472
00:25:54,040 --> 00:25:56,010
that will drive up
the price of the metal
473
00:25:56,044 --> 00:25:57,881
so high that anyone
who owns the object
474
00:25:57,914 --> 00:25:59,952
can rest assured it
will appreciate in value
475
00:25:59,985 --> 00:26:02,624
whether or not they ever
take it out of the box...
476
00:26:03,826 --> 00:26:04,728
which I didn't.
477
00:26:05,864 --> 00:26:08,603
Put another way, anyone
who owns this butt plug can
478
00:26:08,636 --> 00:26:11,040
at any point in times of
financial emergency,
479
00:26:11,374 --> 00:26:13,980
melt it down for parts
in case times get tight,
480
00:26:14,313 --> 00:26:17,754
and make a substantial
profit on their purchase.
481
00:26:20,125 --> 00:26:21,929
But I don't think
they'll want to.
482
00:26:25,804 --> 00:26:27,941
How do you find
the most value?
483
00:26:30,412 --> 00:26:34,955
You search for that which
is the most undervalued.
484
00:26:36,291 --> 00:26:38,663
We all know what it's like
to be undervalued,
485
00:26:39,397 --> 00:26:41,067
but I know both sides of it.
486
00:26:41,869 --> 00:26:43,739
I undervalued someone.
487
00:26:44,842 --> 00:26:47,647
I know I undervalued him
not because he went on
488
00:26:47,681 --> 00:26:50,018
to become one of the
richest men in the world,
489
00:26:50,753 --> 00:26:53,626
but because when
he had no reason to--
490
00:26:56,231 --> 00:26:57,767
he still gave me a project
491
00:26:59,237 --> 00:27:01,307
to change the last plank
492
00:27:02,109 --> 00:27:03,211
on a ship.
493
00:27:05,115 --> 00:27:07,787
Some say a man's
character is his fate.
494
00:27:08,455 --> 00:27:10,960
Others say fate is
the joke a man's life
495
00:27:10,994 --> 00:27:12,329
plays on his character.
496
00:27:12,864 --> 00:27:14,100
Where are you getting this?
497
00:27:14,133 --> 00:27:18,074
Revenge is the expression
of our yearning to bend
498
00:27:18,108 --> 00:27:21,982
the chaotic world towards
balance, justice, logic,
499
00:27:23,853 --> 00:27:25,088
but mercy--
500
00:27:26,792 --> 00:27:28,328
mercy has no logic.
501
00:27:30,065 --> 00:27:31,669
It's the divine.
502
00:27:32,136 --> 00:27:35,108
It's the expression of
a universe that makes no sense.
503
00:27:35,142 --> 00:27:38,248
A universe that has something
when it should have nothing.
504
00:27:39,918 --> 00:27:41,889
It's the spark of the divine,
505
00:27:43,759 --> 00:27:46,397
of a new beginning
out of nothing
506
00:27:48,368 --> 00:27:52,677
with the potential
of the infinite.
507
00:28:02,496 --> 00:28:03,365
Anyway...
508
00:28:05,503 --> 00:28:07,841
that's what this
butt plug means to me.
509
00:28:09,477 --> 00:28:11,982
I'm curious to hear
what it means to you.
510
00:28:14,120 --> 00:28:15,422
You spent a year on this?
511
00:28:15,455 --> 00:28:16,324
Yes.
512
00:28:17,794 --> 00:28:18,930
It shows.
513
00:28:18,963 --> 00:28:19,865
Thank you.
514
00:28:20,967 --> 00:28:24,106
Look, Daniel, brought us
in from all over the world.
515
00:28:24,440 --> 00:28:27,112
He clearly wanted
us to be here for this,
516
00:28:28,114 --> 00:28:29,383
and I can see why.
517
00:28:30,219 --> 00:28:33,158
We're more of a financial
services company,
518
00:28:33,458 --> 00:28:36,899
but, the principles
that you applied to this
519
00:28:37,801 --> 00:28:40,873
couldn't be more in line with
what we've been searching for.
520
00:28:41,809 --> 00:28:43,411
We haven't done products here.
521
00:28:43,879 --> 00:28:46,017
We've always had
a family-friendly brand.
522
00:28:47,119 --> 00:28:48,789
But you have made a great case
523
00:28:48,823 --> 00:28:50,760
as to why that might
not rule this out.
524
00:28:51,829 --> 00:28:53,431
I'm curious as to
what Daniel thinks.
525
00:29:01,014 --> 00:29:03,218
You can look me in the
eyes and tell me you put
526
00:29:03,251 --> 00:29:04,287
your entire heart
527
00:29:05,022 --> 00:29:05,924
and soul
528
00:29:07,092 --> 00:29:09,263
and vulnerability into
this presentation?
529
00:29:09,297 --> 00:29:10,365
Answer carefully--
530
00:29:12,369 --> 00:29:13,773
Answer honestly.
531
00:29:14,140 --> 00:29:15,042
Yes.
532
00:29:17,379 --> 00:29:19,083
The answer is yes.
533
00:29:46,270 --> 00:29:49,110
I'll tell you exactly what you
can do with your butt plug.
534
00:29:53,218 --> 00:29:54,521
You can shove it--
535
00:29:55,155 --> 00:29:56,892
up your ass.
536
00:29:58,361 --> 00:30:00,399
[laughter]
537
00:30:07,446 --> 00:30:10,252
[classical music playing]
538
00:30:40,078 --> 00:30:42,584
[laughter continues]
539
00:31:04,427 --> 00:31:06,030
Thank you.
540
00:31:25,503 --> 00:31:26,572
[exhales]
541
00:31:27,306 --> 00:31:28,308
How did it go?
542
00:31:31,114 --> 00:31:33,251
Now I'll be the
greatest regret--
543
00:31:34,253 --> 00:31:35,455
of his life.
544
00:31:49,016 --> 00:31:51,387
[classical music plays]
545
00:31:51,437 --> 00:31:55,987
Repair and Synchronization by
Easy Subtitles Synchronizer 1.0.0.0
39012
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.