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Jay Leno on the Future of Late Night & Car Collecting · Masters in Business

• 0:02
  Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. This is Masters in
• 0:11
  Speaker 1: Business with Barry Ritholts on Bloomberg Radio.
• 0:17
  Speaker 2: Happy Holidays and we have an extra special holiday podcast
• 0:23
  Speaker 2: at the Newport Ordering Concourse to Elegance, I sit down
• 0:28
  Speaker 2: with Jay Leno talking about cars, comedy, watches, and pretty
• 0:34
  Speaker 2: much everything else. Jay's a fascinating guy who's created really
• 0:38
  Speaker 2: an amazing career. I thought this conversation was super interesting,
• 0:42
  Speaker 2: and I think you will also with no further ado,
• 0:46
  Speaker 2: my conversation with the former host of the Tonight Show,
• 0:51
  Speaker 2: Jay Leno. Jake, thank you so much for joining us,
• 1:04
  Speaker 2: for having me. So let's start out a little bit
• 1:07
  Speaker 2: talking about your background. Born in New Rochelle, you grow
• 1:11
  Speaker 2: up in andover Massachusetts. Which interest came first? Cars or comedy?
• 1:19
  Speaker 3: Well, when you grew up in a little rural town,
• 1:21
  Speaker 3: you don't think of comedy as a as a job.
• 1:24
  Speaker 4: You know it was then they was you know, Kathy's
• 1:27
  Speaker 4: boy wants to be comedian. He'll grow out of that,
• 1:31
  Speaker 4: don't worry, Kathy.
• 1:32
  Speaker 3: You know that that kind of you know, people just
• 1:35
  Speaker 3: it didn't seem like a viable but you know, you
• 1:37
  Speaker 3: go to Hollywood, you'd be kids want to be lighting
• 1:39
  Speaker 3: directors or costumers or because they know people that did
• 1:43
  Speaker 3: that right now.
• 1:44
  Speaker 4: But when you're an andro, it's like what commune?
• 1:46
  Speaker 2: So what sparked your interest in comedy? How did you
• 1:48
  Speaker 2: find that past?
• 1:50
  Speaker 3: You know, I had very good teachers when I was
• 1:52
  Speaker 3: in high school. I had a HNGLIS chief, Missus Hawks,
• 1:55
  Speaker 3: and being dyslexik, I was not the best student.
• 1:59
  Speaker 4: And you know, she said, I always see making jokes
• 2:02
  Speaker 4: in classes. So do you ever think of writing comedy?
• 2:05
  Speaker 4: I said, well, I never thought would be a job.
• 2:08
  Speaker 4: Oh you should say, oh yeah, I said, I'll tell you.
• 2:10
  Speaker 3: Why don't you Maybe you could instead of writing a
• 2:13
  Speaker 3: paper for the final, you give a talk, you know.
• 2:17
  Speaker 3: And I said, okay, And I tried to put some
• 2:19
  Speaker 3: kids style jokes in and it was the first time
• 2:21
  Speaker 3: in my life I actually enjoyed doing homework.
• 2:23
  Speaker 4: And oh, maybe I can make a living doing this.
• 2:25
  Speaker 4: But it's a kid you know. I think people in
• 2:28
  Speaker 4: the community. Do you tend to remember things that are funny,
• 2:31
  Speaker 4: things that get a reaction? You know.
• 2:34
  Speaker 3: I was in the fourth grade and Missus Allen was
• 2:36
  Speaker 3: my teacher, and I always remember this.
• 2:39
  Speaker 4: She was telling us.
• 2:39
  Speaker 3: About Robin Hood and how cruel. The Sheriff of Nottingham
• 2:44
  Speaker 3: was and he would boil Robin's men in oil. And
• 2:47
  Speaker 3: I put my hand up and I said, you know
• 2:49
  Speaker 3: why he did that's to Tuck And she said, no,
• 2:51
  Speaker 3: why because he was a friar.
• 2:53
  Speaker 4: Okay, okay, And then she does one of these it's
• 2:57
  Speaker 4: not funny, just stop that, like, oh, she's kind of laughing,
• 3:01
  Speaker 4: you know.
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  Speaker 3: But the real kicker was later in the day, I'm
• 3:04
  Speaker 3: walking past the teacher's lounge. Give me, what did you
• 3:08
  Speaker 3: say about falk I said, I went, oh, she told
• 3:12
  Speaker 3: my joke in the teacher's lounge and I said, oh,
• 3:15
  Speaker 3: I said he was a fresh Oh that's oh, that's
• 3:17
  Speaker 3: very funny thing.
• 3:18
  Speaker 4: And I went, oh, that's that's pretty good. And I thought,
• 3:21
  Speaker 4: And when you were a kid, you know people that
• 3:24
  Speaker 4: you tend to remember things that get a laugh.
• 3:26
  Speaker 2: You just sat a little bit of attention.
• 3:28
  Speaker 4: Yeah, you put them in your mind.
• 3:30
  Speaker 3: It makes a little indentation, you know. So that was
• 3:33
  Speaker 3: always something I enjoyed doing at ours. Remembered it, but again,
• 3:36
  Speaker 3: I never thought I could make a living doing.
• 3:39
  Speaker 2: Who were your comedic influences when you were growing up?
• 3:42
  Speaker 3: Oh, Robert Klin, George Carlin, Richard Pryor, primarily Client because
• 3:47
  Speaker 3: Client was like me, middle class white kid.
• 3:49
  Speaker 4: You know, most comedians that.
• 3:50
  Speaker 3: Time tend to be uh, grew up during the depression,
• 3:54
  Speaker 3: Anny Youngman, all those kind of guys, you know, kids
• 3:57
  Speaker 3: today with the long hair, you know, all that kind
• 3:58
  Speaker 3: of stuff.
• 3:59
  Speaker 4: Right, Yeah, and then it all along comes Rubber.
• 4:01
  Speaker 3: Klein and once again George Carlin, Richard pryor Bill Cosby
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  Speaker 3: before the recent turn of events, you.
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  Speaker 4: Know, so it was, yeah, those were my influences.
• 4:12
  Speaker 2: So since we're at the ordering concourse and MotorWeek, let's
• 4:15
  Speaker 2: talk a little bit about cars. Good transition, right, Your
• 4:18
  Speaker 2: first Your first car was a thirty four to for
• 4:21
  Speaker 2: at stock. What'd you do to it?
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  Speaker 3: I saw my dad and I were driving past the
• 4:26
  Speaker 3: Tip Top Miniature Golf in North Reading, Massachusetts. It was
• 4:30
  Speaker 3: parked at the shell station with a sale sign. I
• 4:33
  Speaker 3: went and I bought it.
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  Speaker 2: What'd you pay for that?
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  Speaker 4: Through fifty?
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  Speaker 3: Which was a lot of money, yes, in nineteen sixty five,
• 4:41
  Speaker 3: But I had been working McDonald's and I'd saved some money,
• 4:43
  Speaker 3: and you know, so then we dragged you back to
• 4:46
  Speaker 3: my house, and I took a couple of years to
• 4:48
  Speaker 3: get it running, and I got my license and I
• 4:50
  Speaker 3: drove it every day to school.
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  Speaker 2: Self taught mechanic. What do you mean you took a
• 4:53
  Speaker 2: couple of years to get self.
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  Speaker 3: Well, yeah, I mean just you know your kid, you're
• 4:57
  Speaker 3: playing with it after school, you know that kind of thing.
• 5:00
  Speaker 4: Yeah, it took me a couple of years to learn. Yeah,
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  Speaker 4: I guess self taught would be a fair way to say.
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  Speaker 2: So thirty four Ford is the gateway drug. At what
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  Speaker 2: point did you realize this is more than a hobby,
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  Speaker 2: This became something of a passion.
• 5:14
  Speaker 4: We have a ride full of cars. Perhaps this is
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  Speaker 4: more than a yeah.
• 5:19
  Speaker 2: Yeah, well how many cars is too many? At what
• 5:21
  Speaker 2: point do you need help?
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  Speaker 3: And fourteen on the road now, plus the motorcycles you
• 5:26
  Speaker 3: see I.
• 5:26
  Speaker 4: Watch the show Hoarders and go the guy's fine, it's
• 5:31
  Speaker 4: a problem, man. You can still get to the bathroom.
• 5:34
  Speaker 2: Look, but that's old newspapers. You have motorcycles and cars
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  Speaker 2: something a little.
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  Speaker 4: More reason when your parents did the same.
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  Speaker 2: Thing, right, So how do you decide of the two
• 5:45
  Speaker 2: hundred and fourteen cars which one you're going to take?
• 5:47
  Speaker 4: That say, that's the first world problem?
• 5:50
  Speaker 2: Not very much so.
• 5:51
  Speaker 4: People don't want to hear a rich guy, go how
• 5:53
  Speaker 4: do I just I just can't decide. Oh have jeeves
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  Speaker 4: do it?
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  Speaker 2: No?
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  Speaker 3: I mean whatever working on? If I do one, I'll
• 6:02
  Speaker 3: change a day. It takes eighteen months. You have to
• 6:04
  Speaker 3: look at it that way. So whatever you've just worked
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  Speaker 3: on is, oh, let me let me drive it home
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  Speaker 3: to see if it's okay.
• 6:10
  Speaker 4: So that's what I enjoy.
• 6:11
  Speaker 2: So you're a little bi cooastal. You're in LA, but
• 6:14
  Speaker 2: you also have a place here in Newport?
• 6:16
  Speaker 4: Do you have a place And I also have a
• 6:17
  Speaker 4: house and Ander and Massachusetts where I grew up.
• 6:19
  Speaker 2: Do you do you keep any cars out here as well?
• 6:22
  Speaker 4: I don't because of the weather. And you know, so what.
• 6:25
  Speaker 2: Do you drive on?
• 6:26
  Speaker 3: I'm one of these people really touch my car, you know?
• 6:29
  Speaker 3: So if I if my car was on another coast, Oh,
• 6:31
  Speaker 3: that would be horrible.
• 6:32
  Speaker 4: Like we go out to eat. If if I can't
• 6:35
  Speaker 4: see the restaurant from my table, we're.
• 6:37
  Speaker 2: Not eating here any That's it.
• 6:38
  Speaker 4: Yeah.
• 6:39
  Speaker 2: Yeah, So I'm curious how Leno's garage came about. I
• 6:43
  Speaker 2: have this fantasy that your accountant says to you.
• 6:48
  Speaker 3: No, no, no, I have a garage. I have friends
• 6:51
  Speaker 3: with cameras. I'm on TV already. It seems like a
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  Speaker 3: fairly natural transition. So why don't you take the TV
• 6:58
  Speaker 3: hobby and put it on TV? In this way you
• 7:02
  Speaker 3: try to, you know, monetize as much as you can.
• 7:08
  Speaker 3: I did it for nothing for the first I guess
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  Speaker 3: fifteen years. Really, Yeah, you know, just because I enjoyed
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  Speaker 3: doing and it was fun and.
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  Speaker 4: It just opens up another you know, you should have something.
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  Speaker 3: I'm not a particularly interesting person, you know, so if
• 7:24
  Speaker 3: you have other things of interest that other people like,
• 7:27
  Speaker 3: then you have something in common you can talk about it.
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  Speaker 3: So cars, motorcycles, anything that rolls, explodes, makes no issues
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  Speaker 3: is interesting.
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  Speaker 2: Do you know what the cars that are top of
• 7:39
  Speaker 2: the list here are going to be? Have you walked
• 7:41
  Speaker 2: around seen much so far? Yeah?
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  Speaker 4: You have some of the best cars in the world here.
• 7:45
  Speaker 4: This is quite an event. You are and inevitably you
• 7:47
  Speaker 4: see something you've never seen before or or never even
• 7:51
  Speaker 4: heard of.
• 7:51
  Speaker 3: You know, they're all countries are working on automobiles in
• 7:57
  Speaker 3: different you know, you had cars and Czechoslovakia the people,
• 8:00
  Speaker 3: but on the other side of the mountains never heard of,
• 8:02
  Speaker 3: you know, like a Tatra, a very unusual car. Most
• 8:05
  Speaker 3: America has never seen one but it's very popular in
• 8:07
  Speaker 3: Czechoslovakia or what.
• 8:08
  Speaker 4: Was then check Withakia did so. Yeah.
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  Speaker 3: So it's a fascinating hobby and a nice thing about
• 8:13
  Speaker 3: it is it's no more than really one hundred.
• 8:15
  Speaker 4: And fifty years old.
• 8:17
  Speaker 3: You know, if you like, if you're like Egyptology, well
• 8:20
  Speaker 3: now you've got to go back six thousand years and
• 8:22
  Speaker 3: stand in hot sun and dig in the sand. And
• 8:25
  Speaker 3: you know that with cars you only have to go
• 8:28
  Speaker 3: back a few years.
• 8:29
  Speaker 2: We took a walk down the boulevard earlier. The two
• 8:33
  Speaker 2: that kind of leapt out to me, aside from the
• 8:35
  Speaker 2: goal wing I know you have. One of those was
• 8:37
  Speaker 2: the Talbot Lagos Spectacular.
• 8:42
  Speaker 4: Yeah, very interesting, that very art deco.
• 8:45
  Speaker 3: You know, it's only in recent years cars are seen
• 8:47
  Speaker 3: as kinetic.
• 8:49
  Speaker 4: Artwork, right, you know, it used to be just an
• 8:51
  Speaker 4: old car.
• 8:52
  Speaker 3: But now people are looking at them and I mean
• 8:55
  Speaker 3: it's you know, by painting that this for one hundred
• 8:58
  Speaker 3: million dollars something that rolls down on the road looks
• 9:00
  Speaker 3: pretty as a practical.
• 9:02
  Speaker 4: Element to it. So and only close to tenth as much, Yeah,
• 9:05
  Speaker 4: across the tent, or sometimes almost as much.
• 9:08
  Speaker 3: I mean Ferraris go for the I think the last
• 9:10
  Speaker 3: Ferra sold for seventy five million dollars.
• 9:13
  Speaker 4: I mean, it's pretty crazy.
• 9:14
  Speaker 2: That's a one of one though, right, No, no, that's
• 9:16
  Speaker 2: one of thirteen thirteen. Wow, I also saw them and
• 9:20
  Speaker 2: there wasn't a sign on it, So I'm doing this
• 9:22
  Speaker 2: by sight. But a Mercedes SK five hundred, the giant
• 9:27
  Speaker 2: front fenders as yeah, spectacular, also, they are there.
• 9:31
  Speaker 3: I try to enjoy some suspicious things happened in Germany,
• 9:35
  Speaker 3: even the thirty to the middle forties.
• 9:38
  Speaker 4: I tend to avoid those for obvious reasons. But the
• 9:40
  Speaker 4: early ones I love you.
• 9:41
  Speaker 2: So let's let let's talk about some of these classic designs.
• 9:45
  Speaker 2: What do you think has aged especially well? What looks good?
• 9:50
  Speaker 2: Perhaps that wasn't thought of so well when it first
• 9:52
  Speaker 2: came out?
• 9:54
  Speaker 4: Oh oh what an age Rowler wasn't thought when the
• 9:56
  Speaker 4: first came up. It's two different.
• 9:58
  Speaker 3: I mean, shapes evolve. I mean cars used to change
• 10:03
  Speaker 3: just for the sake of change. Now they change mostly
• 10:06
  Speaker 3: because of aerodynamics and efficiency and things of that nature.
• 10:09
  Speaker 5: You know.
• 10:10
  Speaker 3: I mean, a pres is about an efficient shape as
• 10:13
  Speaker 3: you can get, but it's not It's attractive enough, but
• 10:17
  Speaker 3: it's not striking.
• 10:18
  Speaker 4: It doesn't take your breath away the way some ferraris
• 10:22
  Speaker 4: by Piniferen or whatever. You know. Back in the in.
• 10:25
  Speaker 3: The twenties, thirties, forties, fifties, things are drawn by hand.
• 10:29
  Speaker 4: So there's there's a flow, yeah, flow.
• 10:34
  Speaker 5: Yeah.
• 10:35
  Speaker 4: Now everything is sort of computer design. You have all
• 10:37
  Speaker 4: these sort of weird angles and things like that. But
• 10:41
  Speaker 4: you know.
• 10:41
  Speaker 3: The best looking cars are both masculine and feminine, like
• 10:44
  Speaker 3: an xke. I don't know any women that don't find
• 10:47
  Speaker 3: Jaguars attractive.
• 10:49
  Speaker 4: Even women don't know anything about cars.
• 10:50
  Speaker 3: It's something about because it has a feminine element to it,
• 10:53
  Speaker 3: but then it has the rear haunches and so it
• 10:55
  Speaker 3: has a masculine so.
• 10:56
  Speaker 4: It's a little bit of both to it. You know,
• 10:58
  Speaker 4: a lot of cars look.
• 10:59
  Speaker 3: Too brutal, you know, lambergoody, kuoncash, thse look like guy
• 11:03
  Speaker 3: cars you drive When of the girls.
• 11:05
  Speaker 4: Go how old are you? Your boy took it? You
• 11:07
  Speaker 4: pull them a jag.
• 11:08
  Speaker 2: You're like, oh, well that So sometimes the proportions, the shapes,
• 11:13
  Speaker 2: the lines, they speak to everybody. They're universal.
• 11:15
  Speaker 3: Yeah, I mean the trick is, well, if it speaks
• 11:18
  Speaker 3: to everybody, then you have a Corolla, you know the best,
• 11:22
  Speaker 3: cause some people love it.
• 11:24
  Speaker 4: Some people hate.
• 11:25
  Speaker 3: Anything that gets emotion going is probably going to work
• 11:28
  Speaker 3: on some level, you know. I remember talking to Bob
• 11:31
  Speaker 3: Let's about this when the viper came out and said,
• 11:33
  Speaker 3: a lot of people think it looks like a cartoon car.
• 11:35
  Speaker 3: It's a bit over exaggerating because we're not trying to
• 11:37
  Speaker 3: sell it to them.
• 11:39
  Speaker 4: We're trying to sell it to the people think it
• 11:40
  Speaker 4: looks good. And there's enough them out.
• 11:42
  Speaker 2: There, you know for sure. So so let's talk about
• 11:47
  Speaker 2: people have to ask you questions about cars all the time.
• 11:50
  Speaker 4: But they don't have to actually, most of them just
• 11:51
  Speaker 4: people must.
• 11:52
  Speaker 2: I assume lots of people do. When someone asks you
• 11:56
  Speaker 2: for a recommendation, what what What do you recommend as
• 11:59
  Speaker 2: a good cheap set of wheels for a budding enthusiasts.
• 12:02
  Speaker 4: Well, you know there are almost for an enthusiast, or
• 12:05
  Speaker 4: for transportation.
• 12:06
  Speaker 2: Transportation is easy. I mean someone who wants something fun
• 12:09
  Speaker 2: for the weekly.
• 12:10
  Speaker 3: Well, first they tell me what it is they're looking for,
• 12:13
  Speaker 3: you know, I mean obviously our cars, Mustangs, Camaros, things
• 12:16
  Speaker 3: in this nature, any.
• 12:18
  Speaker 4: Sort of two seated supports car. Yeah, there's plenty of
• 12:21
  Speaker 4: choices out there. You don't need me for that.
• 12:24
  Speaker 2: So this event is sponsored in part by Alanga and Sona.
• 12:28
  Speaker 2: We're both wearing long watches. What drew you to watches?
• 12:33
  Speaker 4: I paid for mine? So did I? You did?
• 12:35
  Speaker 2: I paid for mine also, so so, and you probably
• 12:38
  Speaker 2: have access to more of these than I can get.
• 12:41
  Speaker 4: So well, it's interesting.
• 12:42
  Speaker 3: You know, watchmaking and automotive things have a lot in
• 12:45
  Speaker 3: common because they're both extremely mechanical. Most watch people don't
• 12:50
  Speaker 3: really like electric watches the same way they don't.
• 12:52
  Speaker 4: Like quartz watches. Quart watches are obviously the most accurate
• 12:56
  Speaker 4: you can get, but don't appear to have a soul
• 13:00
  Speaker 4: to them.
• 13:00
  Speaker 3: You know, these kind of things. When you turn to
• 13:02
  Speaker 3: hear the the you know, it's a sort of the car.
• 13:07
  Speaker 3: The watch needs you. If you don't wind it, it
• 13:09
  Speaker 3: won't run.
• 13:10
  Speaker 4: So there's a human element that needs to be attached
• 13:12
  Speaker 4: to watch to get it to the run, you know.
• 13:15
  Speaker 2: And if you flip it over you can see the
• 13:18
  Speaker 2: absolute spectacular mechanicals on you. Yeah, it's a beautiful job, right,
• 13:22
  Speaker 2: so so very parallel the precision and the intricacy of
• 13:27
  Speaker 2: a mechanical watch and a classical automobile.
• 13:31
  Speaker 4: Yeah, yeah, I seen them as a somewhat similar I mean,
• 13:34
  Speaker 4: I like the things that need me. You know, my
• 13:36
  Speaker 4: cars need me because I need to do certain things
• 13:38
  Speaker 4: to make sure they run correctly. Electric cars kind of run.
• 13:41
  Speaker 4: The matter who the master is, you know, It's about
• 13:44
  Speaker 4: like that screen door. After a while you learn it
• 13:46
  Speaker 4: has to be shut a certain way and normal people
• 13:49
  Speaker 4: can't do it. But you know that you lift it
• 13:51
  Speaker 4: and turn it just a quarter of an inch, Oh
• 13:53
  Speaker 4: it will click.
• 13:54
  Speaker 2: In coming up, we continue our conversation with Jay Leno
• 13:59
  Speaker 2: line from the Newport Au Drain Concourse the Elegance, discussing
• 14:04
  Speaker 2: how a career in comedy and car collecting led to
• 14:09
  Speaker 2: a fascination with mechanical time pieces. I'm Barry Ritolts. You're
• 14:14
  Speaker 2: listening to Masters in Business on Bloomberg Radio. I'm Barry Ridolts.
• 14:33
  Speaker 2: You're listening to Masters in Business on Bloomberg Radio. My
• 14:38
  Speaker 2: extra special guest this week is Jay Leno, comedian, car
• 14:42
  Speaker 2: collector time piece enthusiast. Let's return to our conversation live
• 14:49
  Speaker 2: at the Newport Or Drain Concourse, Delegance. What are your
• 14:53
  Speaker 2: thoughts on on the new evs and hybrids that are
• 14:56
  Speaker 2: coming out? What does this do to the collectible market?
• 15:00
  Speaker 2: I believe you have a Tesla plaid is that it's.
• 15:03
  Speaker 4: A great look.
• 15:04
  Speaker 3: I use my electric car during the week I mean,
• 15:06
  Speaker 3: sitting on the freeway in a forty nineteen sixty six
• 15:10
  Speaker 3: Hemi for twenty six. It gets three miles per gallon.
• 15:13
  Speaker 3: It doesn't really make a lot of sense. You're not
• 15:15
  Speaker 3: going fast, You're not You're just annoying people and poisoning
• 15:18
  Speaker 3: the atmosphere.
• 15:19
  Speaker 4: So you take your electric car. Then on the weekends,
• 15:22
  Speaker 4: if there's a car rally, you drive your Mustang or
• 15:24
  Speaker 4: whatever car you have to the rally and you sit around.
• 15:27
  Speaker 3: You tell lies about it to other people, and they
• 15:29
  Speaker 3: tell you lies about their car, and you know, it's just.
• 15:32
  Speaker 4: Sort of a little bit of interaction, you know.
• 15:34
  Speaker 2: So, so I mentioned the precision of automobiles in the
• 15:37
  Speaker 2: precision of watches. You have famously been touring for forty years,
• 15:42
  Speaker 2: forty plus years. When you put together a stand up set,
• 15:46
  Speaker 2: do you put the same sort of precision into structuring
• 15:49
  Speaker 2: that set?
• 15:50
  Speaker 4: You like to think?
• 15:51
  Speaker 3: So, I mean you want to have a joke every
• 15:53
  Speaker 3: six to nine seconds. It's a bit like spinning plates
• 15:56
  Speaker 3: to the Tullivan showdre and then then you want to
• 15:58
  Speaker 3: keep it going, you know.
• 15:59
  Speaker 4: So you want to make sure that the people. You're
• 16:01
  Speaker 4: not wasting people's time. I hate people. How are you
• 16:04
  Speaker 4: all doing? Boom and by from Boston, Boston. Yeah, okay,
• 16:08
  Speaker 4: that's not comedy. You've wasted forty seconds, you know, get right, Yeah,
• 16:12
  Speaker 4: keep it moving.
• 16:13
  Speaker 3: You know when you watch Rodney Rodney was I was
• 16:16
  Speaker 3: a big fan of Rodney did Interfield and.
• 16:18
  Speaker 4: It was it was the economy of words.
• 16:20
  Speaker 3: It's getting the funniest words you can in the shortest
• 16:23
  Speaker 3: amount of time. You know, Rodney had jokes I love
• 16:26
  Speaker 3: like I worked practice strip joint and said topless and bottomless.
• 16:29
  Speaker 4: I went in there was nobody there. I mean, it's
• 16:32
  Speaker 4: a funny joke. I mean because I didn't waste your time.
• 16:35
  Speaker 4: It wasn't a three minute setup. You know, one of
• 16:38
  Speaker 4: those favorite jokes. It's so stupid.
• 16:40
  Speaker 3: My doctor wanted a semen sample, a stool sample, and
• 16:43
  Speaker 3: a year one sample.
• 16:44
  Speaker 4: So I gave my undepands. I mean, okay, but it's
• 16:48
  Speaker 4: quick boom boom boom. You're not You're not wasting people's time.
• 16:53
  Speaker 2: Really interesting, So you've been known as somebody who just
• 16:57
  Speaker 2: has toured his whole career, even during what was it
• 17:00
  Speaker 2: twenty two years of the Tonight show, you still were
• 17:02
  Speaker 2: doing stand up on a regular basis.
• 17:04
  Speaker 3: Well, when you're on television, you rely on one hundred
• 17:07
  Speaker 3: and seventy five other people. They really can't do the
• 17:10
  Speaker 3: show without all the elements to it. And when you
• 17:13
  Speaker 3: go out on the road, you're by yourself. You rise
• 17:15
  Speaker 3: a fall strictly on your own nobility, and I like that.
• 17:20
  Speaker 3: You get all the blame, but you also got all
• 17:22
  Speaker 3: the glory and.
• 17:24
  Speaker 4: I like that.
• 17:25
  Speaker 3: Plus it's piecemeal, right, joke, tell joke, get check boom,
• 17:28
  Speaker 3: next show.
• 17:29
  Speaker 4: Nobody says, you know the jokes you told two months
• 17:31
  Speaker 4: ago and they're not working out. Come back. You got
• 17:33
  Speaker 4: to come back and do the show again. You don't
• 17:35
  Speaker 4: have to do that.
• 17:35
  Speaker 3: You know, on TV you get there so many irons
• 17:38
  Speaker 3: in the fire and what you're dealing with. You know,
• 17:41
  Speaker 3: my favorite TV line of all time. When NBC was
• 17:45
  Speaker 3: letting me go, I said, you know, I've been number
• 17:48
  Speaker 3: one for twenty three years, well for eighteen eighteen of
• 17:50
  Speaker 3: the twenty three years, and they said, we want what's
• 17:54
  Speaker 3: above number one?
• 17:56
  Speaker 4: I said, okay, what what is above? What is above number?
• 18:00
  Speaker 4: I mean, it just made me laugh and even they
• 18:01
  Speaker 4: realize how stupid that sounds. I said, what do you mean,
• 18:03
  Speaker 4: how can you have? What's the bud? Just tell me,
• 18:06
  Speaker 4: somebody tell me what. It just made me laugh.
• 18:08
  Speaker 2: So since this is Bloomberger Financial Network, let's let's talk
• 18:13
  Speaker 2: a little bit about money.
• 18:14
  Speaker 4: All right.
• 18:15
  Speaker 2: You are known as someone who is savvy with your money.
• 18:17
  Speaker 2: You only spent the money you earned.
• 18:20
  Speaker 4: Well, I'm not savvy. I'm dyslexic.
• 18:22
  Speaker 3: Yeah, okay, So consequently I don't really understand it.
• 18:26
  Speaker 4: All I know is my I work and my money relaxes.
• 18:30
  Speaker 4: That's my Thay.
• 18:31
  Speaker 3: I don't want my money out working for me because
• 18:33
  Speaker 3: he's going to screw up somewhere.
• 18:35
  Speaker 4: I don't want that.
• 18:36
  Speaker 3: Whenever I hear and there's minimal risk, and I hear
• 18:39
  Speaker 3: the word risk and minimals, that means they're going to
• 18:42
  Speaker 3: lose something right now.
• 18:43
  Speaker 4: No, I know, I don't. I always had, even as
• 18:47
  Speaker 4: a kid.
• 18:47
  Speaker 3: I worked at Wilmington Ford, I worked at McDonald's. Whichever
• 18:51
  Speaker 3: job made the most, I banked and the other money
• 18:54
  Speaker 3: was my.
• 18:55
  Speaker 2: You did the same with it Tonight Show. You banked
• 18:56
  Speaker 2: to Tonight Show, you have.
• 18:57
  Speaker 3: A touch to check In twenty two years of the
• 18:59
  Speaker 3: Tonight Show, I banked everything I lived on the money
• 19:02
  Speaker 3: I made as a comedian.
• 19:03
  Speaker 4: Then when I when I uh, when the show ended, Oh,
• 19:07
  Speaker 4: opened this little past book. Oh look this, it's quite
• 19:10
  Speaker 4: a bit of money here. You know this is good.
• 19:12
  Speaker 1: Yeah.
• 19:13
  Speaker 2: So when you started collecting cars, did you ever envision
• 19:17
  Speaker 2: this collection would get this large or this valuable.
• 19:20
  Speaker 4: No? I never thought that.
• 19:22
  Speaker 5: No.
• 19:22
  Speaker 3: When I I remember, I would sleep in the alleys
• 19:24
  Speaker 3: in New York and it was the most depressing. I
• 19:28
  Speaker 3: remember sleeping in an alley. It's one of those alleys.
• 19:30
  Speaker 3: Were guys who would come with hookers and I'd be
• 19:32
  Speaker 3: in the back, just hideing behind some trash cans and
• 19:35
  Speaker 3: they were doing up.
• 19:36
  Speaker 1: Again.
• 19:36
  Speaker 4: Really, this is my life now, I mean it was
• 19:38
  Speaker 4: like the most horrible.
• 19:40
  Speaker 2: Really on the road you were that.
• 19:42
  Speaker 4: I'm hard travel I'm forty fourth and ninth. There was Dike's.
• 19:46
  Speaker 3: Lumberyard right across the way from from the alley where
• 19:49
  Speaker 3: I slept a couple of nights.
• 19:50
  Speaker 4: I could see Dyke's lumber yard.
• 19:52
  Speaker 3: I always had that in my mind, and hookers would commanded,
• 19:55
  Speaker 3: it's just.
• 19:56
  Speaker 4: Horrible, it's terrible. They just hear terrible sounds. It's horrible.
• 20:00
  Speaker 4: I said, really, this is my life, this is what
• 20:02
  Speaker 4: it is. Now you know, so everything better than that
• 20:07
  Speaker 4: was gravy.
• 20:08
  Speaker 2: Yeah, well it's been a little bit of gravy. You
• 20:11
  Speaker 2: recently had a going you found in a barn. You
• 20:14
  Speaker 2: had a number of No, No, I didn't.
• 20:16
  Speaker 4: I didn't buy that. I didn't buy that car was found.
• 20:19
  Speaker 3: They were sold for ten million dollars and we had
• 20:22
  Speaker 3: the own We had it on the show, We had
• 20:23
  Speaker 3: it on the show.
• 20:24
  Speaker 4: Yes, I did not. I would like to have owned
• 20:26
  Speaker 4: that car, but no, I didn't buy it.
• 20:28
  Speaker 2: Didn't You find a number of barn finds cars? What
• 20:32
  Speaker 2: are some of the more memorable ones?
• 20:36
  Speaker 3: Well, the most recent rob was in nineteen sixty three
• 20:38
  Speaker 3: Jaguar XK. The guy bought it in sixty two, started
• 20:43
  Speaker 3: drinking about sixty six sixty seven, became a hoarder, just
• 20:49
  Speaker 3: had trash piled on top of it.
• 20:54
  Speaker 4: When he died, the family called me. They said, Cris
• 20:58
  Speaker 4: right across the street, my uncle's had some kind of car.
• 21:01
  Speaker 4: We don't know what it was. And it was a Jaguar.
• 21:04
  Speaker 4: And I said, and this is really the best write.
• 21:07
  Speaker 4: I said, look google it. Find out what's their worth. Okay,
• 21:12
  Speaker 4: find out what they're worth and let me know and
• 21:15
  Speaker 4: I'll pay you that, and that's what it seems fair.
• 21:18
  Speaker 3: Yeah, I mean I paid more than a fair price
• 21:21
  Speaker 3: because I don't flip cars.
• 21:22
  Speaker 4: I don't sell cars. So to me, this way, nobody
• 21:25
  Speaker 4: goes rip me. You don't want any of that.
• 21:27
  Speaker 2: Any cars on your list that you're still hunting for anything.
• 21:33
  Speaker 3: I buy the story as much as I buy the car. Really, yeah,
• 21:36
  Speaker 3: I mean to me, the fun you know. I had
• 21:38
  Speaker 3: a lady called me ninety four years old, and she
• 21:42
  Speaker 3: and Hudson. Her and her husband bought a fifty one
• 21:44
  Speaker 3: Hudson Hornet in New Jersey.
• 21:46
  Speaker 4: They drove it to California with the two kids.
• 21:49
  Speaker 3: He bought a gas station. He ran that for the
• 21:51
  Speaker 3: next thirty years. He died sometime in the early nineties.
• 21:57
  Speaker 4: She calls me about two thousand. I guess three four. Oh,
• 22:03
  Speaker 4: my husband died like twenty years ago. We got this car,
• 22:05
  Speaker 4: I say, I already have a fifty three onund Well,
• 22:08
  Speaker 4: you come look at it, okay. So I got to
• 22:10
  Speaker 4: look at it. She's ninety four, no hearing her, no
• 22:12
  Speaker 4: glasses right, show said would you give me five thousand
• 22:16
  Speaker 4: dollars for it? Okay? So I bought it and take
• 22:20
  Speaker 4: it back in my garage. It takes about a year
• 22:22
  Speaker 4: and a half. We get it all of fin Let
• 22:24
  Speaker 4: me see if she's still alive. I called her up, Hello, Oh,
• 22:27
  Speaker 4: what's Jalen off? The car's all finished? You want to
• 22:29
  Speaker 4: go for er okay? Now she's ninety six, and she says,
• 22:33
  Speaker 4: can I bring the kids? I said, yeah, bring the kids.
• 22:35
  Speaker 3: So I get there and the kids have got a
• 22:37
  Speaker 3: blind fold and the kids are seventy four and seventy
• 22:40
  Speaker 3: two and they're blindfolded dirt right, and she's like touching
• 22:43
  Speaker 3: the car.
• 22:44
  Speaker 4: Oh, the paint feels so smooth, always used to be.
• 22:46
  Speaker 4: So we'll take them link. Oh, she starts crying her
• 22:48
  Speaker 4: we want to go for let's go for RJE. So
• 22:50
  Speaker 4: the kids get in the back right. So we're driving
• 22:53
  Speaker 4: along and we're talking and the two kids start doing
• 22:55
  Speaker 4: this to each other, poking each other. Huh, and she
• 22:59
  Speaker 4: turned drop.
• 23:00
  Speaker 5: I've told you kids, and she's whacking the crap out
• 23:02
  Speaker 5: of him. Mister Linnell's nice enough to take us right
• 23:05
  Speaker 5: in his car, and you kids can't be here.
• 23:07
  Speaker 4: And the three of them are just laughing. I mean
• 23:09
  Speaker 4: they're just.
• 23:10
  Speaker 5: Falling down that she and she's not holding back, I
• 23:12
  Speaker 5: mean she's really hitting them but she's laughing while.
• 23:15
  Speaker 4: She's you know, and it was just so funny. It
• 23:17
  Speaker 4: was just so funny. She lived through me one hundred
• 23:19
  Speaker 4: and six. Wow.
• 23:21
  Speaker 3: And every time I get in the car it makes
• 23:24
  Speaker 3: me laugh because it was just so fun to see
• 23:26
  Speaker 3: these two old men and they all look the same age.
• 23:29
  Speaker 3: You know, she's ninety six, it's seventy four, and she
• 23:32
  Speaker 3: just whacking the.
• 23:33
  Speaker 4: Crap out of the hilarious.
• 23:35
  Speaker 2: So more stories than there's a hole in your collection,
• 23:38
  Speaker 2: or you're enamored.
• 23:40
  Speaker 4: With this, because I know I have a namor with this.
• 23:42
  Speaker 2: Now, it's just about the stories.
• 23:44
  Speaker 4: My key to success is low self esteem. I've heard
• 23:48
  Speaker 4: you say that before, Yes, because if you have low
• 23:52
  Speaker 4: self esteem, you never assume you're.
• 23:53
  Speaker 3: The smartest person in the room. I assume one of
• 23:55
  Speaker 3: the dumbest person in the room. Let me look around
• 23:57
  Speaker 3: and see what the other people are.
• 23:58
  Speaker 4: Doing here, and that's what you do.
• 24:01
  Speaker 2: You know.
• 24:01
  Speaker 3: I have so many friends that do TV shows and
• 24:03
  Speaker 3: they really think, I don't like I want to change
• 24:05
  Speaker 3: these lights, and the lighting director who's been in the
• 24:08
  Speaker 3: business forty years, I don't think why I want to change?
• 24:11
  Speaker 4: Well, no, I don't want to just let the lighting
• 24:14
  Speaker 4: director his job.
• 24:16
  Speaker 3: You know, the fun thing about the Tonight Show was
• 24:18
  Speaker 3: when I did it, anybody could pull a cord and
• 24:20
  Speaker 3: stop the train because I don't like this, I don't
• 24:22
  Speaker 3: think this is funny. Did it get to be annoying sometimes?
• 24:26
  Speaker 3: But everybody felt they had a say in what was
• 24:29
  Speaker 3: going on. They felt like they were part of the
• 24:32
  Speaker 3: whole system. This idea that you know, do not make
• 24:34
  Speaker 3: contact with the star and just all that kind of nonsense,
• 24:37
  Speaker 3: you know.
• 24:38
  Speaker 4: So to me, that was always the key to being successful.
• 24:43
  Speaker 2: Coming up, we continue our conversation with Jay Leno live
• 24:48
  Speaker 2: from the Newport Audrain Concourse, The Elegance. I'm Barry Ritholts.
• 24:53
  Speaker 2: You're listening to Masters in Business.
• 24:55
  Speaker 6: On Bloomberg Radio. I'm Barry Ridolts.
• 25:14
  Speaker 2: You're listening to Masters in Business on Bloomberg Radio. My
• 25:19
  Speaker 2: extra special guest this week is Jay Leno, comedian, car collector,
• 25:25
  Speaker 2: time piece enthusiast. Let's return to our conversation live at
• 25:30
  Speaker 2: the Newport or Drain Concourse Delegance. So let's stay with
• 25:36
  Speaker 2: the tonight show and comedy. You've interviewed a few presidents, right,
• 25:42
  Speaker 2: you interviewed Barack Obama. What other presidents did you interview.
• 25:49
  Speaker 2: Barack Obama was Reagan before you started on.
• 25:52
  Speaker 4: No I'd interviewed Reagan.
• 25:54
  Speaker 3: They had dinner with Reagan the White House a couple
• 25:55
  Speaker 3: of times, but he wasn't ever on the show. Barack
• 25:58
  Speaker 3: Obama was the first sitting president ever to do the show.
• 26:03
  Speaker 3: Barack Obama. Hillary had the nomination locked up, and then
• 26:09
  Speaker 3: he announced he was running for president. So I called
• 26:12
  Speaker 3: him up and said, why come on the show.
• 26:13
  Speaker 4: Oh, thank you so much, Joe.
• 26:16
  Speaker 3: He rented a car, drove himself to the show, you know,
• 26:19
  Speaker 3: walks out and going, hey, my name is Barrock was
• 26:21
  Speaker 3: saying Obama, I'm really President of the States. I said, okay,
• 26:24
  Speaker 3: black guy from Chicago named Hussein.
• 26:27
  Speaker 4: I said, you know, you shouldn't even have the campaign.
• 26:29
  Speaker 4: I just think you're chewing with that. And you know,
• 26:32
  Speaker 4: he got the joke and he laughed.
• 26:34
  Speaker 3: He was very funny and we got to be friends.
• 26:36
  Speaker 3: And so next time he came on the show, I
• 26:38
  Speaker 3: asked him. It was the first time.
• 26:40
  Speaker 4: A sitting president and the whole parking lot was tented
• 26:44
  Speaker 4: so the satellite could not see where he came in. Kime,
• 26:48
  Speaker 4: I got to tell you, and I.
• 26:51
  Speaker 3: Mean I've told this story, but this is. I have
• 26:55
  Speaker 3: the same idiot friends I had in eighth grade. So
• 26:59
  Speaker 3: I'm telling him how Barack.
• 27:00
  Speaker 4: Obama on the show, and he gave me his phone number.
• 27:02
  Speaker 4: Now you get it. You said, now, all right, let's
• 27:05
  Speaker 4: call him up. Go it's the President United States. I'm
• 27:08
  Speaker 4: not going to call him up. No, you don't have it.
• 27:12
  Speaker 4: So I take up my phone book and I covered
• 27:14
  Speaker 4: the phone and they go, see what it says there,
• 27:15
  Speaker 4: Barack Obama, President United States. His phone was ready here. Yeah,
• 27:20
  Speaker 4: I said, all right, all right, I'll call him. You
• 27:21
  Speaker 4: want me to call him?
• 27:22
  Speaker 1: I call.
• 27:22
  Speaker 4: It's like three o'clock. I figure, okay, we can go
• 27:24
  Speaker 4: rock Hello Brock here mis president. Yeah, jay Len, we're
• 27:30
  Speaker 4: going to aj I'm just here with some of my friends.
• 27:33
  Speaker 4: Lose this number. J click.
• 27:37
  Speaker 2: So your reputation has never been a very political comedian.
• 27:43
  Speaker 2: You play it straight down the middle.
• 27:45
  Speaker 3: Well, I used to get We usually get quoted every
• 27:46
  Speaker 3: day in the New York Times. We try to make
• 27:49
  Speaker 3: fun of both sides.
• 27:50
  Speaker 4: Yeah, but yeah, that's the way we did it. That's
• 27:52
  Speaker 4: not the way everybody else does it. But that's okay.
• 27:55
  Speaker 2: So, so recently, Jimmy Kimmel mentioned on the air that
• 27:58
  Speaker 2: you call to check in on him when when he
• 28:01
  Speaker 2: was temporarily suspended. Is what do you think the future
• 28:06
  Speaker 2: of Late Night looks like? And what does that say
• 28:08
  Speaker 2: about the comedians have to watch what they say?
• 28:12
  Speaker 4: Well, apparently they don't have to watch what they say
• 28:14
  Speaker 4: because he's back on TV. Okay, I mean, you either
• 28:18
  Speaker 4: believe in free speech or you don't. You know, free
• 28:22
  Speaker 4: speech it only becomes annoying when it says something you
• 28:26
  Speaker 4: don't like. Other than that, it's fine. That's really the
• 28:31
  Speaker 4: only problem. And there's always something somebody doesn't like, whether
• 28:34
  Speaker 4: it's banning books or huck Finn or whatever it might be.
• 28:37
  Speaker 3: So to me, I always support three. I mean, I
• 28:40
  Speaker 3: support Jimmy as a comedian, but also just the whole premise.
• 28:44
  Speaker 3: You don't have to agree with him to realize. I mean,
• 28:47
  Speaker 3: I had people that taught me apart every day, but
• 28:51
  Speaker 3: they had the right to do it. I didn't like
• 28:54
  Speaker 3: what they said, but I agree with their.
• 28:57
  Speaker 4: Right to say it if they chose you.
• 28:59
  Speaker 2: You have Day Chappelle speaking at the Comedy Festival in
• 29:02
  Speaker 2: Saudi Arabia, saying he feels like a free speech is
• 29:06
  Speaker 2: under assault in the US, not that Saudi Arabia is
• 29:10
  Speaker 2: a hotbed of free speech.
• 29:11
  Speaker 4: Well, yeah, yeah, again.
• 29:13
  Speaker 3: I don't like this new thing of comics criticizing other comedy.
• 29:17
  Speaker 4: It's just we're comedians, okay, just you know, I believe
• 29:21
  Speaker 4: in free speech.
• 29:22
  Speaker 3: I shouldn't have to say any more than that, and
• 29:24
  Speaker 3: I will defend it to the end. But you know,
• 29:27
  Speaker 3: and how about when he said this again, whatever, I
• 29:31
  Speaker 3: don't have to agree with it.
• 29:32
  Speaker 4: You know, it's like the Nazis watching in Skokie. Okay,
• 29:35
  Speaker 4: they have the right to do that. I don't agree
• 29:38
  Speaker 4: with it. Well, is he liked to see someone punched
• 29:40
  Speaker 4: them in the face. Yes, but I don't want that
• 29:42
  Speaker 4: to be police doing it. If some angry Jewish guy
• 29:45
  Speaker 4: was about it, well, okay finding me. You know, I
• 29:48
  Speaker 4: might even cheer him on. But no, I again, I
• 29:51
  Speaker 4: think you it's America.
• 29:53
  Speaker 2: And what about the in the era of streaming. What
• 29:56
  Speaker 2: about the future of Late Night? We heard Colbert is
• 30:00
  Speaker 2: supposedly not profitable. I don't know how true that is.
• 30:03
  Speaker 2: We heard similar threats about Jimmy's show. How do you
• 30:07
  Speaker 2: look at you were steward of the Tonight Show for
• 30:09
  Speaker 2: twenty two years. What do you think the future of
• 30:12
  Speaker 2: this looks like?
• 30:12
  Speaker 3: Well, I mean when you can turn on streaming and
• 30:17
  Speaker 3: see Harrison Ford talk for half.
• 30:20
  Speaker 4: An hour saying whatever you want unscripted, or.
• 30:22
  Speaker 3: You can watch them do a seven minute segment on
• 30:26
  Speaker 3: a talk show which.
• 30:28
  Speaker 2: You can, or Jay Leno for forty five minutes.
• 30:30
  Speaker 4: Maybe yeah, but yeah, I mean, to me, I think
• 30:33
  Speaker 4: it's just the nature of television.
• 30:34
  Speaker 3: It changes, it goes from one thing to another. I mean,
• 30:37
  Speaker 3: it's like going from CD players.
• 30:39
  Speaker 4: To cassettes to CDs. So it's just another it's another
• 30:44
  Speaker 4: format that you can you can use. So the thing
• 30:49
  Speaker 4: that really kills late night is the incessant number of commercials.
• 30:54
  Speaker 4: After eleven thirty, you can run like nine minutes at
• 30:58
  Speaker 4: twelve o'clock where it looks some yeah, it's great wild
• 31:02
  Speaker 4: So and when you realize you've just watched all three
• 31:04
  Speaker 4: Godfather movies in a row without one commercial, suddenly seeing
• 31:08
  Speaker 4: Jake from State Farm again, you know, okay enough with
• 31:11
  Speaker 4: this guy.
• 31:12
  Speaker 6: You know.
• 31:12
  Speaker 3: To me, that's the thing that's really hurt late night.
• 31:14
  Speaker 3: It's not necessarily people say, it's the fact that people are,
• 31:17
  Speaker 3: oh god.
• 31:18
  Speaker 4: Another commercial. You just you know, just weeding through.
• 31:21
  Speaker 2: All right, So we don't want to keep you all
• 31:22
  Speaker 2: day because we know you have a lot of places
• 31:24
  Speaker 2: to go, cars to see. I want to I want
• 31:27
  Speaker 2: to do a speed round. A speed round. Right, A
• 31:31
  Speaker 2: dozen questions and under a minute. I'm just going to
• 31:34
  Speaker 2: throw these at you and give me your answers, starting with,
• 31:38
  Speaker 2: what's your favorite car to drive? I do some what's
• 31:42
  Speaker 2: your favorite motorcycle in your garage? Brough supperor what car
• 31:46
  Speaker 2: offers the best bang for the buck.
• 31:51
  Speaker 4: Corvette?
• 31:52
  Speaker 2: What's your favorite car in your collection? Not necessarily a driver,
• 31:56
  Speaker 2: but just a favorite car, Mclarinet one. That's that's stuff
• 31:59
  Speaker 2: I want to argue with. What's been the biggest maintenance
• 32:02
  Speaker 2: annoyance in your collection?
• 32:05
  Speaker 4: My nineteen twenty five Doble steam car, the.
• 32:07
  Speaker 2: One that kind of blew up?
• 32:09
  Speaker 4: Is that the one we're talking about that blew up?
• 32:11
  Speaker 4: But that wasn't the one that actually blew up in
• 32:13
  Speaker 4: my face?
• 32:13
  Speaker 2: Now, any cars you have any regrets passing on?
• 32:17
  Speaker 4: Oh? Yeah?
• 32:18
  Speaker 2: What? So? What modern car features do you find most annoying?
• 32:26
  Speaker 4: Probably the infortainment system?
• 32:29
  Speaker 3: You know, I have my fifty one Hutson, I reach
• 32:32
  Speaker 3: out my press a button, I get a station.
• 32:34
  Speaker 4: I don't have to stop and look at it. Are
• 32:36
  Speaker 4: you happy to say yes. Would you make this suction again? Yes,
• 32:38
  Speaker 4: others have made this selection. Would you continue, yes, I will,
• 32:41
  Speaker 4: you know. Would you pick your language? English? Is good?
• 32:44
  Speaker 4: Thank you? You know it's annoying.
• 32:47
  Speaker 2: What car do you drive the most often from your collection?
• 32:51
  Speaker 4: Oh? I don't know. Well, I drive a lot of them. Incredible,
• 32:57
  Speaker 4: that's what they were made for, Model TS, kind of fun,
• 33:00
  Speaker 4: and I guess I don't drive it that much.
• 33:02
  Speaker 3: Probably the Mustang that's pretty good. Well, actually, the Tesla
• 33:05
  Speaker 3: won't have to go to the airport and all those
• 33:07
  Speaker 3: kind of things.
• 33:07
  Speaker 2: What's the rarest car in your collection? Not necessarily the
• 33:10
  Speaker 2: most valuable, but one of very few.
• 33:13
  Speaker 4: What that would be the double steam car?
• 33:18
  Speaker 2: Is there any one brand you would never buy that
• 33:21
  Speaker 2: you stay away from?
• 33:22
  Speaker 4: No, no, not everyone.
• 33:23
  Speaker 2: Bro, you don't have a lot of ferraris right.
• 33:25
  Speaker 3: No, I don't have any Fries, But I'm not to
• 33:27
  Speaker 3: do with the cars. The cars are excellent.
• 33:29
  Speaker 2: You know.
• 33:30
  Speaker 4: For the longest time, you had.
• 33:31
  Speaker 3: To buy two mandy Els before you're allowed to buy
• 33:33
  Speaker 3: the car, you know, So I just never took part
• 33:36
  Speaker 3: in that.
• 33:37
  Speaker 2: What car surprises people the most, whether driving it or
• 33:41
  Speaker 2: just the way it's put together.
• 33:42
  Speaker 4: Well, I have the kind of cars.
• 33:43
  Speaker 3: People about surprised that I got there earlier late, the
• 33:46
  Speaker 3: surprise I got there at all. When you show up
• 33:49
  Speaker 3: on a nineteen oh six Stanley Steamer and it's on fire,
• 33:53
  Speaker 3: people like, oh my god, your car's on fire.
• 33:56
  Speaker 4: I know it's supposed to be if you carry open flame.
• 34:00
  Speaker 2: What's the most recent addition to the collection?
• 34:03
  Speaker 4: I Mustang GTD.
• 34:05
  Speaker 2: What's the best sounding engine you own?
• 34:10
  Speaker 4: Porshcur GTV ten?
• 34:13
  Speaker 2: And final question, is there one dream car you're still
• 34:17
  Speaker 2: hunting for?
• 34:18
  Speaker 4: No? No, I'm quite happy when I have. O'd be
• 34:22
  Speaker 4: happy with you have. Just make sure you have enough.
• 34:25
  Speaker 2: There you go. Thank you Jay for me, Thank you,
• 34:28
  Speaker 2: thank you, thank you. That was my live interview with
• 34:34
  Speaker 2: Jay Leno at the Newport or Dream Concourse to Elegance.
• 34:38
  Speaker 2: If you enjoyed that conversation, check out any of the
• 34:42
  Speaker 2: five hundred and ninety two we've done over the past
• 34:45
  Speaker 2: twelve years. You can find those at iTunes, Spotify, Bloomberg YouTube,
• 34:51
  Speaker 2: wherever you get your favorite podcasts. And be sure and
• 34:54
  Speaker 2: check out my new book, How Not to Invest, The
• 34:57
  Speaker 2: idea's numbers and behavior that destroys wealth and how to
• 35:01
  Speaker 2: avoid them at your favorite bookstore or bookseller. I would
• 35:04
  Speaker 2: be remiss if I do not thank the crack team
• 35:06
  Speaker 2: that puts these conversations together each week. My videographer at
• 35:12
  Speaker 2: the live event was Sebastian Escobar. Alexis Noriega is my
• 35:16
  Speaker 2: video producer. Anna Luke is my podcast producer. Sean Russo
• 35:21
  Speaker 2: is my researcher. Sage Bauman is the head of podcasts
• 35:25
  Speaker 2: here at Bloomberg.
• 35:27
  Speaker 6: I'm Barry Ridults.
• 35:28
  Speaker 2: You've been listening to Masters in Business
• 35:31
  Speaker 6: On Bloomberg Radio