Latest / None of Your Business Podcast / I Lost $70 Million… and My Wife Hired a Hitman | Jerry Silva's Wild Life Story

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I Lost $70 Million… and My Wife Hired a Hitman | Jerry Silva's Wild Life Story · None of Your Business Podcast

• 0:00
  Then I had a marriage which she put out a contract to kill me.
• 0:05
  He had a knock on the door by a cop and they say your wife's
• 0:10
  number two wants to kill you. She hired a hitman.
• 0:14
  She had a hitman. None of your business, Oshi.
• 0:19
  None of Your Business, Michael. It's the None of Your Business
• 0:22
  podcast hosted by Michael Anoshi.
• 0:24
  Welcome back everybody to another powerful episode of the
• 0:28
  None of Your Business podcast. I'm your host, Michael
• 0:30
  Greenfield. Here with me is our Co host,
• 0:32
  Bushi Schwartz. Thank you to our prime source
• 0:35
  production team for standing behind us, Steph and crew for
• 0:38
  doing such an amazing job. And we look forward to this
• 0:41
  episode. Jerry Silva is in the house.
• 0:44
  Jerry. We want to get right into it
• 0:46
  because I've, I've known you for my entire career that I've been
• 0:51
  in the healthcare industry, which is over 2 decades.
• 0:53
  And I know it sounds like a lot, but if you don't mind me asking,
• 0:56
  how old are you now? 9191 years old.
• 0:59
  You recently celebrated a birthday, I heard.
• 1:02
  Well, June 12th. June 12th.
• 1:04
  OK, so mazel tov. Thank you.
• 1:06
  Very nice and. Many, many more years in good
• 1:09
  health. Yes.
• 1:10
  Also I'm not in control. It is what it is.
• 1:13
  You have a good track record, so.
• 1:14
  Right, well, I have your track record, but I, I think you do
• 1:17
  what you want to do now, because they may appear tomorrow.
• 1:21
  Many people, they feel good, they go to sleep and they don't
• 1:23
  wake up. Yeah.
• 1:25
  Then another question, am I getting into religious items?
• 1:28
  What happens then? Uh.
• 1:30
  Oh, are you thinking then, Jerry?
• 1:32
  Faceless. Are you thinking about that?
• 1:34
  Are you thinking about? It somewhat somewhat you know
• 1:37
  why? Because I don't know the answer.
• 1:39
  I like to know the answers to everything.
• 1:41
  What do you think? What do you think it is?
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  Could be? What do you think?
• 1:44
  It's likely to be Nothing. So that's your guess.
• 1:46
  Your guess is that over darkness Abyss.
• 1:52
  I don't even know a darkness. I just don't.
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  I think everything ends, but I may be wrong.
• 1:56
  People say there's a big light and you walk through here and if
• 2:00
  you're religious because you guys are wearing Yamahas, so you
• 2:04
  believe something else is going to happen.
• 2:05
  Well, one second. Well, well, you're Jewish, yes.
• 2:07
  So you're part of this crew whether you like it or not.
• 2:10
  I understand, but I I don't know if there's anything that will
• 2:16
  occur upon your legal death here amongst the three of us.
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  Do you hope that that's what happens?
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  That nothing. Happens.
• 2:24
  That's what you hope. I hope something does happen.
• 2:26
  You hope something does happen. Yeah, yeah.
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  I don't want to be emptied, finished Fatik.
• 2:33
  I want to be have something to do.
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  And if, if it's if it's great, it's even better.
• 2:39
  Or if, if it goes by the idea, if you've been a good guy, you
• 2:43
  get good stuff. If you're a bad guy, you get bad
• 2:45
  stuff. I don't know, I have no idea.
• 2:48
  How you holding in that regard? You're you're you're pretty OK
• 2:50
  in. My it is what it is.
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  I'm not in charge, he. Did the best he could.
• 2:54
  Yeah. You know he's hoping that you
• 2:55
  know he's going to end up in one of the good places.
• 2:58
  We're starting off this discussion.
• 2:59
  Talking about what's going on, I, I, I, I, I have no e-mail of
• 3:02
  anybody that died. That's true.
• 3:08
  I didn't get a note. Right.
• 3:10
  You didn't get a notice, right? Notice right?
• 3:12
  I don't know it is what it is. If you do get there and you have
• 3:15
  a way of communicating it back down here to us, just please.
• 3:18
  Obviously you can't because. Do us a solid.
• 3:20
  We've done before by other people.
• 3:22
  It's not going to happen. It is what it is.
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  That's why by expression is very, very simple.
• 3:27
  Do what you don't want to do now because they may not be here
• 3:29
  tomorrow. There you go.
• 3:31
  Yeah, Jerry, we're jumping into the future.
• 3:33
  Let's take a step back. You're a founder of a tremendous
• 3:35
  pharmacy named Camera X, which everyone in the industry has
• 3:39
  heard of and has, you know, been a part of at least in the 80s
• 3:44
  and 90s, and you sold your company for. 73 million to to
• 3:49
  Greg Washer at Far America. $73 million and you're still, you
• 3:53
  just mentioned to me earlier off the ear that you're about to go
• 3:56
  to Tennessee to embark on a new business venture.
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  So where's that money? Gone.
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  All of it. I got to argue with $2000.00
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  left. Wow.
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  I mean, how quickly did the money go?
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  I mean, you're not a young man. Did you enjoy a lot of it for a
• 4:14
  long period of time? I do what I want to do.
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  I spend it because I don't. I don't believe in saving money,
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  but I have enough money to survive.
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  I'm very happy that's the way I am.
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  Doesn't make any difference. My son gets a certain amount of
• 4:26
  money. My wife gets a certain amount of
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  money. I spend a certain amount of
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  money. We buy new horses.
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  We spend a lot of money. Here's what it is.
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  How much have you spent on horses?
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  I couldn't even calculate think about how much I spent.
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  I owned enough. I used to own 100%, then 50%,
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  then 25%. Now I own like 5 to 10% or 50
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  horses. I'd only use one trader,
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  Ronberg, and that's. He's your trainer.
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  He's owned by trainer. He's your trainer.
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  I've I've heard about trainers in the past that are
• 4:56
  questionable. When not him not he's 100%
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  honest. Right, because people can do
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  things that maybe affect the horses.
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  Right, yeah, that's that's gone. Nowadays, nobody screws around.
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  Everything is legitimate. Honor code What?
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  Was that guy's name Steph Baffert?
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  Last name Baffert. You heard of a?
• 5:15
  But that's thoroughbred, thoroughbred, thoroughbred.
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  Explain to us the difference. Oh, very simple.
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  Standard breads have a wagon, they schlep thoroughbreds, they
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  sit on the horse like the Kentucky Derby.
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  Oh. I see.
• 5:28
  OK, entirely different. OK, I'm, I'm fascinated by the
• 5:32
  topic of horses. But before we go down this
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  journey, I'd like to just start with your beginning journey.
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  Yeah, like, like you from like 80 years ago.
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  Let's start back like 80 years. Family from where's your dad,
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  mom from How did they get to America?
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  Just take us a little bit through.
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  That no problem. I was born to Bronx, NY.
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  I went to PS50. My father came from Bialystok in
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  Poland, which is now maybe Russia because who all knows
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  what they're doing over there. My mother was from the United
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  States. My father came here in 1914 and
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  he married my mother and I was born in 1934 in the Bronx and
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  then my father was in the there. He was a taxi driver and he also
• 6:42
  went in the pinball machine business.
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  But in 1940, Mayor LaGuardia to create pinball machines, illegal
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  gambling. In the 1940s, Mayor LaGuardia
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  declared pinball machines illegal.
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  Gambling, right? So what happened then?
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  My father decided to get out of that business and move to Coney
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  Island, Brooklyn. And what do?
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  You do. I bought a Penny Arcade and the
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  Black Retreat, Nathan's and Secret chase.
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  Yeah, a penny arcade. Yeah, arcades like ski ball.
• 7:13
  Or yeah, ski ball. We had ski ball.
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  We had games that you play. Then we expanded it.
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  We had greyhound racing and we were the first ones in Coney
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  Island that had a batting range. In other words, you can get up
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  and hit a ball with a bat. Like bat in cages?
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  For $0.10 and if the and if the guy that was writing the score
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  down, 'cause there's no computers didn't write it down
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  and put the dime in his pocket, that was a problem.
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  So I used to cat analyze each guy.
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  We had 4/4 courts for them to hit the ball that if if this guy
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  didn't take it as much as that guy, we had to watch what was
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  going on. What was the biggest money maker
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  in the penny Arcade business, do you know?
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  Different machine, different games.
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  Yeah Oh what we did the big money maker for the family was
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  poker. You we had you got 5 balls for a
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  nickel or a dime. I used to roll the balls
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  underneath the screen and and if you got the lead up on this
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  thing and you got a prize if it was a spares right girl,
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  something like that, I don't know.
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  So your father was in the gaming business, Yes.
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  He had an arcade, yes. And did he expand that?
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  Was that the full time business that he did?
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  Was that? Well, he had different We had
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  this one in the block between datas and state purchase.
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  Then he bought one on the Boardwalk and my job with my
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  father was to go around the mechanic and learn how to fix
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  the machine because everything was mechanical, and learn if
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  they broke to learn how to fix them.
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  Then he bought a Penny Arcade in Luna Park, which was about 10
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  blocks down, and then he bought one in Manhattan on 50th or 60th
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  St. and Broadway, which was expensive to buy a penny arcade
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  in Manhattan. But he was entrepreneurial, and
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  he didn't live too much longer after that.
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  But my mother used to give him chopped liver every day.
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  Chopped liver clogged his heart, and his heart was clogged.
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  And on a Friday, he didn't feel good, went to the hospital and
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  died in five days. Sorry to hear that, how old was
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  he? 50s early on 50s he.
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  Was young. How old were you at the time?
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  17 Lastly. You were also very young.
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  Yeah, 17. Well, I was going, my brother
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  went to pharmacy school, so I went to pharmacy school and I
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  went to Columbia College of Pharmacy.
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  But you are 68th and Broadway to.
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  Become a pharmacist. Pharmacy.
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  Why he went there, I don't know, but I was able to learn that
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  business and I worked at a pharmacy.
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  Mr. Koller. I used to Parkway during the
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  offseason and I got my credits and took my State Board of
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  pharmacy and I was a registered pharmacist.
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  And after six months I got a job at Caliber Pharmacy in EULA,
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  Long Island, $90.00 a week. Not a lot of money, but I got
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  paid and then I decided to look for my own pharmacy and ended up
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  buying a pharmacy for that. I own completely and was able to
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  grow it into 97 or 9 pharmacies throughout the United States.
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  And we're not in life. That's the way it goes.
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  And I felt that I have an expression of do what you want
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  to do now because they made a beer tomorrow.
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  My father was always planning. And then and then all of a
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  sudden, bingo. The the doctor says, you know,
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  you got 24 more hours to live in those days.
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  It doesn't say like I'm on. I have a dozen medications with
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  my two doctors. I see them twice a year, Doctor
• 11:00
  Rucker and Doctor Roddy, and I take my medication.
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  I do what I got to do, I think. I think a lot of the idea of
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  living is to be happy with what you have and do what you want to
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  do now and not be intimidated by things that are challenges.
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  I remember when I opened up my pharmacy many, many years ago, I
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  was maybe 2224, and two women came into the pharmacy and they,
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  they talked in Jewish Yiddish. And I'll say it in Yiddish and
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  then I'll explain it in English. A younger Mensch whose face too
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  a young guy. What do you know?
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  And my answer was if face Alice, which is I know everything.
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  And they jumped up and down. We finally have an English, a
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  Jewish guy that'll take care of us in the pharmacy.
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  And I took over the Breakers Hotel, which had two hundred,
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  226 people, and I serviced 17 of the 20 assisted livings that
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  were in Long Beach because they were already released from
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  Staten Island or somewhere else. There's all kinds of stories of
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  why they all came to Long Beach, but that was my first venture
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  into pharmacy. In other words, I wasn't waiting
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  for somebody to get sick to come in to fill a prescription.
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  I needed a group of people that were going to get to see a
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  doctor and get a script. And I filled it.
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  And then I also did something that not many people do.
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  I delivered a night. The doctors in town, Teddy
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  Onstein, he owned the Central Federal Bank.
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  He went around and said a fundraiser and said, see Jerry,
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  you need a prescription. You call him.
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  He answered the phone 24/7 and I did and I got a call 3:00 in the
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  morning, went down to the pharmacy, opened the pharmacy
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  and fill the prescription, delivered it to the customer.
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  Wow. So you operated this business
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  entirely on your own? I understand.
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  You had I had a pharmacist working with me.
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  Of course, but you own the entire company by yourself.
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  Maybe 75%. Did your brother who you
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  mentioned? No, your brother was.
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  You guys didn't have, no, didn't do business together.
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  Didn't have businesses together. I'm so.
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  Curious about this. You went from $19.00 a week to
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  owning a pharmacy at the young age of 21?
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  What? What was that?
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  How much did you buy the pharmacy for?
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  How did you get into it? What?
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  Where did you get the money? Where did you get the money?
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  The pharmacy cost $37,000 and I think my mother, of course my
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  father I think had passed away, loaned me the money.
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  You ever pay her back? Probably, I don't know.
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  What was your customers? Then what?
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  What did you do to get customers?
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  I told you we, I, I decided to work with the assisted living
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  there. The problem was that I, I took
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  care of this Breakers Hotel and then the Shaw family.
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  You could look them up, all the shops they.
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  Are the Shaw family? Yes, yes, they were your first
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  customers. First customer living industry.
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  They own three. They own three places.
• 14:02
  Hold off shops, Manor that took care of the Palace Hotel.
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  And look, it is what it is. You do what you want to do now
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  to grow. To grow a business.
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  You want to be lazy, then you don't.
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  You don't grow a business. The same with horses.
• 14:15
  Yeah, you get a good horse, you got to pay too much money.
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  It doesn't mean he's going to perform.
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  And next week he's hurt, next week he's sick.
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  And the only ones making business money in that business
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  are the vendorians. They charge whatever they want
• 14:28
  and the horse don't complain. Horses don't complain.
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  So how big did you build a business to at its height, at
• 14:35
  the peak of your business, how much revenue were you doing in
• 14:39
  that business? Revenue, it's hard for me to
• 14:42
  really know what it was, but I tried to even make it bigger and
• 14:47
  it didn't work out. And revenue in those days was
• 14:51
  different. I don't really know where it
• 14:54
  was. I'm going to ask it a little bit
• 14:55
  differently. Maybe it'll help you trigger.
• 14:57
  I know that in our industry, in the healthcare industry, there's
• 15:00
  a certain amount of beds that you get to have.
• 15:02
  They discuss in order to own a pharmacy.
• 15:04
  Discussions about J VS always happen in our industry and
• 15:07
  people always throw a certain amount of beds out there.
• 15:10
  I hear a lot. 3000 beds, 5000 beds.
• 15:13
  What? What was?
• 15:14
  That we had said we we grew in in in seven O 9 location to
• 15:19
  73,000 beds. We had three in New York, one or
• 15:23
  two in New Jersey, one in Pennsylvania, one in that had
• 15:28
  with Harvey Rossler out in Ohio or Illinois and then went to
• 15:32
  Florida. But I try to grow the business
• 15:35
  there. And, but the main thing and that
• 15:37
  business is what you pay for the drug and what you get paid for
• 15:40
  the drug. In other words, you have to
• 15:42
  negotiate purchasing the drugs at at A at a discount price.
• 15:47
  And then of course, the insurance companies don't want
• 15:50
  to pay you a lot of money, so you have to negotiate to get a
• 15:52
  better price for the drugs you're selling.
• 15:55
  I don't know. That was 5-6 years ago.
• 15:59
  I got out of business. Now I'm looking to get into
• 16:02
  another business in the pharmacy world.
• 16:04
  As a matter of fact of a starting next Sunday to work
• 16:07
  with a company in Tennessee that's in compounding pharmacy,
• 16:12
  which is entirely different than the regular pharmacy that people
• 16:16
  are used to going and filling their prescriptions.
• 16:18
  Certain drugs they call compounding drugs.
• 16:21
  I don't know too much about it, but I'm not that old.
• 16:24
  I'll learn. I love that.
• 16:29
  Yeah. When when you sold the company,
• 16:31
  you're right. So you, you went through a
• 16:33
  process of, of figuring out what you're going to do with all your
• 16:35
  money, right. And you went through.
• 16:36
  The well I had, I had partners in the industry.
• 16:40
  Mark Boldinga was a partner. He had passed away, but he's
• 16:43
  still owned 20% of the accused. Your family on 20%, This one
• 16:48
  owned 10%, this one O 5%. Whatever it was.
• 16:51
  To me, money is only paper. Do what you want to do now and
• 16:55
  and you'll always figure out to make a dollar legally and I
• 16:59
  don't put any people that make money illegally, but we don't
• 17:03
  discuss that and I don't associate with them.
• 17:05
  I do everything straight on board and go from there.
• 17:10
  So how much of A lump sum did you walk away with in your
• 17:13
  pocket? Maybe 20 million.
• 17:15
  What was one of the first few things you did when you made
• 17:17
  that kind of money? It's a good question.
• 17:20
  Did you? Did you start investing money?
• 17:22
  Did you start? Yeah, I did.
• 17:23
  I did. You invest some money in
• 17:25
  different things, but I don't. I don't really remember what I
• 17:28
  did. Well, I know.
• 17:29
  All I know is how much money I have now.
• 17:32
  I don't know what I had done. I did, but it's gone.
• 17:35
  But you lived a good life, so yeah, at that.
• 17:37
  Point. You can't complain.
• 17:38
  You can't complain. That's why I say do what you do
• 17:41
  want to do now, because the managed to tomorrow.
• 17:43
  I had a schlep over here for an hour and a half, you know, but
• 17:46
  nowadays I have ways. Waze tells me how to go here.
• 17:51
  Doesn't tell you on the right side or left side is about to
• 17:54
  get into your building here painting the ass.
• 17:56
  But but you guys, I called you and you came down.
• 18:00
  Yeah, yeah. Are you like, frustrated with
• 18:02
  technology or have you adapted to technology?
• 18:05
  I'm not adapted. I don't know a damn thing about
• 18:08
  it. I don't give a.
• 18:10
  But you're having ways, Yeah, technology.
• 18:14
  Yeah, well, but there's other things that are much bigger than
• 18:17
  ways. Do you have a smartphone?
• 18:19
  It's pretty small. I think I have a phone.
• 18:26
  It's got 3000 names in it. That's a That's a big amount.
• 18:30
  That's not a little. That's a lot.
• 18:32
  That's a lot. 3000 names, yeah. I know, but maybe 300 a day?
• 18:36
  You mean you're speaking to? Them I don't take them out or
• 18:38
  you die I'm. Not following you.
• 18:43
  You know what I mean? No, what are you saying that?
• 18:44
  Was Yeah, yeah, clarify. 3000 names in my phone, but if you
• 18:48
  pass away I don't delete you from the 3000 names.
• 18:52
  You're still there. You're still there.
• 18:53
  Right. Yeah, they're there forever.
• 18:55
  I'm trying to get people investing in a new deal that
• 18:58
  have Kotruvian. It helps people live longer and
• 19:03
  be healthier. So I'm sending emails to 30
• 19:07
  people every couple of days and somebody can come back.
• 19:11
  No longer available, No live. So you have no interest in like,
• 19:16
  truly retiring, hanging it up, and living out the rest of your
• 19:20
  days in peace. You still want to work.
• 19:22
  You still look in the hustle. And work every day.
• 19:24
  Every day. Every day, like every Sunday.
• 19:27
  What time do you wake up in the morning 7 and what's your
• 19:31
  routine in the? Morning I go to the office 8/30
• 19:34
  8:45 and I stay there. I have lunch, which is just a
• 19:38
  can of chicken breast I have and a banana at 12:00 and then I
• 19:46
  stay. If I have more telephone calls
• 19:48
  and meetings to 1, then I have to watch the races.
• 19:51
  So I have a schedule of races that I have to watch.
• 19:55
  I like to watch every race that I'm in.
• 19:57
  My best day was just this past Saturday, OK, And I brought
• 20:02
  along what happened Saturday. Saturday I had.
• 20:06
  Ten horses racing OK. And you own all these horses.
• 20:10
  Small part. Small pieces of each of these
• 20:13
  horses, right? Each of these enterprises of
• 20:15
  these horses exactly. OK, so.
• 20:16
  I have a horse called for Adair Dr. Deal.
• 20:20
  He raced into Pocono, the price was 56,000 and he won. 1st
• 20:24
  place, that's first place, Yeah, this first place you're.
• 20:28
  Saying oh fine, I know what you said.
• 20:29
  Yeah, first place he won 56,000. 1st place, OK, if I if I made
• 20:35
  $500 because I own 2 1/2 to 5% after the trainer and the driver
• 20:41
  takes out the money, who knows, right?
• 20:43
  OK. And I had a horse called Rick
• 20:45
  Wink at Scioto. He won his race that was called
• 20:49
  She's a Streaker. That was a nice race.
• 20:51
  Vernon Downs. What was her name?
• 20:53
  She's a streaker. He's a streaker.
• 20:55
  Vernon Downs. The person was 58,000.
• 20:57
  I have no idea what they earned because all my bills go to Burke
• 21:02
  Racing and Sylvia and her daughters take care of them and
• 21:06
  I get a bill or a check every month from them.
• 21:09
  They take care of all the paperwork and then and.
• 21:12
  You you, you just implicitly trust them 100%.
• 21:15
  Like you don't even check. You don't do any paper trails.
• 21:18
  Take four days and check four days worth of racing to see if
• 21:24
  it's exactly honest and right on that.
• 21:26
  I found a couple of errors, but there were explanations of the
• 21:29
  errors that I found, so that was done.
• 21:32
  So you feel comfortable and confident that everything is
• 21:34
  accurate. Audits on.
• 21:36
  Them if you have and then you do.
• 21:37
  Honey, Brooke's mother is 87. You think she's going to school
• 21:40
  around? Oh, she better not be.
• 21:43
  And then I had who else I have dance.
• 21:46
  Danny went and see Odo. The Meadows, Vernon and Pocono I
• 21:50
  went in four race tracks so I went to the Meadowlands on
• 21:53
  Saturday. I had two horses racing.
• 21:56
  I I thought I had a shot and I came in 3rd and 4th with Tom
• 22:01
  Horn came in fourth and Beach Babe came in third.
• 22:04
  Lost by less than half of Life Beach.
• 22:06
  Babe came in third. Yeah.
• 22:08
  You don't ever come up with the names though.
• 22:09
  No, that's not your. Job.
• 22:10
  I used to do that years ago. Really.
• 22:11
  Yeah. What was your favorite name that
• 22:13
  you came up with? That was my first wife.
• 22:19
  She used to imitate. She passed away at a young age.
• 22:23
  She used to imitate Donald Duck. So my first horse was Doctor
• 22:26
  Donald. Doctor Donald.
• 22:27
  Wow. Goes goes back many years.
• 22:30
  And I first knows how to imitate Donald.
• 22:32
  Duck I do not. I do not know.
• 22:33
  Stephen. Stephen.
• 22:35
  That's Stephen. Stephen does.
• 22:36
  Stephen does. Donald He.
• 22:37
  Can bring you back good memories.
• 22:40
  Yeah, yeah. There you go, There it is.
• 22:42
  And my first trainer was Vernon Dancer and I had I went on to to
• 22:53
  Halton family, Billy Halton with my trainer and unfortunately his
• 22:57
  son got killed in an accident in the middle lands.
• 22:59
  Here we can read about it at 3:00 in the morning.
• 23:03
  He drove a car and got killed. But Halton and he went out of
• 23:07
  the business at 87, came back in 90 something with Ronnie Gerfein
• 23:12
  and went to Hamiltonian with Muscle Hill.
• 23:15
  How many horses do you have a stake in right now?
• 23:17
  5055 O So every day there's something going on.
• 23:21
  Normally 5 out of 6 day, you know, not every day.
• 23:24
  Are you going to bequeath these ownership stakes and these
• 23:27
  horses to someone else or to your wife?
• 23:30
  And she'll sell them all. And then she'll sell them.
• 23:32
  So that's your insurance policy, so to speak.
• 23:35
  Whatever. Now I also have an insurance.
• 23:37
  My son has an insurance policy, life insurance that he has and
• 23:41
  so does my wife and which I pay for.
• 23:45
  When you say son, do you have one son, one son?
• 23:47
  And is that son in the business? Was he in the pharmacy business?
• 23:51
  Yes, he was. He was in the pharmacy business.
• 23:53
  Well, not now. Now he's busy with plays on
• 23:55
  Broadway. Plays on Broadway, yeah.
• 23:58
  Is a producer, yeah. That's cool, but he runs to New
• 24:02
  York and watches plays and invest in plays and does that.
• 24:06
  Great. He invests in plays.
• 24:09
  Yeah, there's a business, I guess, an investment in place.
• 24:11
  It is what it is, yeah. I don't.
• 24:13
  I don't give a place. Where does he live?
• 24:17
  He just moved in a matter of fact, about 15 minutes away from
• 24:19
  me. Beautiful should be closer to
• 24:21
  Manasset, closer to Manhattan. But everybody has to do what
• 24:26
  they want to do. And I feel that if I do what I
• 24:30
  want to do, slopping out of here with no Messiah, which means.
• 24:35
  Did you drive here by yourself? Why you want to drive for me?
• 24:38
  No, no, no. I'm just asking, of course.
• 24:41
  So you're just coming and going. You're flying places, you're
• 24:44
  working. I just spent a lot of time in
• 24:45
  California when I was in the movie business too, and ran the
• 24:49
  pharmacies at the same time I could.
• 24:52
  I can't. I've been running a pharmacy
• 24:53
  forever. What does that mean in the movie
• 24:55
  business? Explain that.
• 24:56
  What is that? The movie business is a business
• 25:00
  that I started with a guy named Hilsig and we did a movie called
• 25:05
  Stick Away Camp cost 328,090 minutes full length tall which
• 25:11
  at upstate New York. I could, I could Google this
• 25:14
  movie and it's out there. Million at the box office in in
• 25:19
  the 60s. Wow, 12 million in revenue in
• 25:23
  the 60s, right. It's called sleep away camp.
• 25:26
  Yeah. So any any actors that we know.
• 25:29
  I made nothing. Why did you make nothing?
• 25:31
  Because I wasn't smart enough to know how to write a contract and
• 25:34
  these it was Hilsink smart enough to know how to write a
• 25:37
  contract. Who made the money?
• 25:39
  The producer. The producer made all the money.
• 25:40
  I didn't make any money, but I told, I talked to Hilsink.
• 25:44
  I said, you know what, I want to have the rights to sequels.
• 25:48
  OK, so I got the rights to all the sequels.
• 25:51
  So I sold a sequel to Sleep Boy Camp Two and Three to AFCO.
• 25:55
  Embassy used to be a big firm. Nah, Nah, I think it broke up or
• 25:59
  whatever. And was able to get I think
• 26:02
  $450,000 in those days to make sleepaway came two and three.
• 26:07
  For the rights to make the sequel and you.
• 26:09
  Sold the rights and they didn't do.
• 26:10
  Well, they didn't. Even so, they made the movie and
• 26:12
  it didn't do well. Right, it is what it is.
• 26:15
  Do what you want to do now because there may not be a
• 26:17
  tomorrow. So racing is on your mind 24/7,
• 26:20
  right? That's Oh, yes, that's.
• 26:22
  I watch every race. Top of mind for you, so to
• 26:24
  speak. Well, yeah, like as I say today
• 26:27
  I have three horses racing, but I get a A thing on the phone and
• 26:30
  I can watch the race. Watch to inspire.
• 26:32
  So you watch it live, you stream it, you stream the video of all
• 26:35
  the different races. You always in that you're in
• 26:37
  that you're involved in. In Florida, there's the
• 26:40
  Gulfstream Park that I love going to just.
• 26:43
  To watch, not honest. It's still a fun race to watch
• 26:47
  with the family and you know, putting bets there.
• 26:49
  But off track betting, is that something that you've been in?
• 26:52
  I don't bet you don't bet, you just invite.
• 26:54
  My first wife used to bet with Morty Finder.
• 26:57
  He was a big owner in harness racing.
• 26:59
  He owned the big farm upstate New York, but I don't bet.
• 27:03
  You never, you never gambled in your I've been a gambler.
• 27:05
  You're not, but you you're not a gambler.
• 27:07
  I don't go to Vegas. I don't care.
• 27:08
  So what? Are your What are your vices if
• 27:10
  I may ask? I don't think we should talk
• 27:13
  about that. Smoke.
• 27:16
  You ever smoked in your life? I only smoke, never smoked, no
• 27:19
  drink. Do you ever drink?
• 27:20
  I I like a drink. I like a pita noir.
• 27:22
  But you've never really been a drinker like in a you know.
• 27:25
  Right now my goal is to maintain my weight at a certain weight.
• 27:30
  So right now I weigh 168 and I used to be 222.
• 27:35
  And then my partner, my Qzio said to me, you know Jerry,
• 27:38
  you're fat. I said, what do you mean I'm
• 27:40
  fat? He said you're fat.
• 27:43
  I went to diet and went down to one 65168 and I stayed there
• 27:48
  every day. That's all.
• 27:50
  That's all it took. That's all it took.
• 27:51
  Is someone saying you're fat? I mean, people have said that to
• 27:53
  me in the. Past Michael, you're fat.
• 27:55
  Thank you. Let's see what happens.
• 27:58
  I'll give you 3 months. To you, You want to stay fat.
• 28:01
  Yeah, no, I got fat of course of.
• 28:03
  Course you want to. I have a picture in my office.
• 28:06
  If you want to come to my office, I have a lot of pictures
• 28:09
  in my office of races I had, of partners I had.
• 28:15
  I'll give you, for instance, on the Long Beach chemist softball
• 28:19
  team was somebody who you all know Billy Crystal.
• 28:23
  Oh wow. He was shortstop.
• 28:25
  Did you know Billy Crystal? Of course you knew him well.
• 28:28
  Well, well enough to have his picture on my wall that says
• 28:32
  best of luck to you, Jerry. Bop bop bop bop.
• 28:34
  Bop, when's the last time you spoke to Billy Crystal?
• 28:36
  I didn't. Maybe a year ago.
• 28:38
  Not a year ago. Maybe 10 years ago. 10 years
• 28:40
  ago. Yeah, because I'm not involved
• 28:42
  in that industry anymore. Billy's 83, I'm 91.
• 28:46
  It is what it is. Do you have his cell number?
• 28:48
  Yeah. Jerry, what you got to help, you
• 28:51
  got to give us. A cell number.
• 28:53
  We would love to have Billy Crystal on our podcast.
• 28:58
  Probably California, I don't know.
• 28:59
  But you could call him technically if you want.
• 29:01
  Maybe he'll answer, I don't. Know if he he may call you back
• 29:04
  you could text him not right now not right now we'll do it soon
• 29:07
  we'll do it I'm. Curious though.
• 29:08
  Besides Billy Crystal, I mean, you know.
• 29:10
  If you come to my office, you can see this picture on the wall
• 29:13
  with me as a coach for the Long Beach tennis softball team.
• 29:17
  Wow, nice. Because my wife, number one, who
• 29:20
  passed away, was the teacher of that class.
• 29:23
  Oh oh. Nice.
• 29:25
  And we game. I bought the shirts and we had a
• 29:27
  team, softball team. Terrible, terrible sport.
• 29:30
  They get a ball out of the infield, you know.
• 29:31
  Oh. Come on, I love softball.
• 29:33
  Yeah. Any other famous celebrities
• 29:35
  that you were? You're holding out on us that
• 29:37
  you have mingled with in your lifetime.
• 29:40
  Yeah, you know what I remember though?
• 29:41
  I remember going to the Polar Grounds to watch the New York
• 29:44
  Giants baseball team play. Oh wow, usually that's a long
• 29:48
  time. AGO, yeah, Pulling Grounds had
• 29:50
  Willie Mays as a center fielder. Was like 400 feet out there.
• 29:55
  I used to go there, watch those games.
• 29:57
  Celebrities. I had a lot of celebrities from
• 30:00
  the movie business. I used to come in the elevator
• 30:02
  with them, used to go up and down, stay at hotels in
• 30:05
  California, had a spring play writer write screenplays for me.
• 30:09
  That's another waste of money to give me money to screenplay
• 30:11
  writers to write because it's very hard to get the money to
• 30:14
  get the movie produced, you know, out there.
• 30:16
  But now it's entirely different. So that's why I say do what you
• 30:20
  want to do now. Do.
• 30:21
  What you want to do? Sorry, can I ask you a question?
• 30:23
  Anything you want. You've been around a long time,
• 30:25
  you've seen so many different things.
• 30:27
  You had so many experiences. I'm sure you had a lot of ups
• 30:31
  and downs in your lifetime. What is one of the things that
• 30:34
  you noticed today in our society, in our era that is so
• 30:41
  much better than it was when you were younger, when you were
• 30:44
  growing up? Like what's 1 of the major
• 30:46
  advancements that we've made as, as you know, civilization?
• 30:50
  That's really impressive that you're saying.
• 30:52
  You know what, this really enhanced people.
• 30:55
  This really gave them a better quality of life and you wish it
• 30:58
  was around much earlier. What's one of those?
• 31:01
  Things that the medical field has advanced tremendously to
• 31:08
  save people's lives that would have died earlier, like my
• 31:11
  father died. I don't know what else they can
• 31:15
  do. And I don't like all the money
• 31:17
  that this world is spending on that is not trying to keep
• 31:22
  people alive longer. Sometimes you see a woman, she's
• 31:25
  97, that's 110. But notice one thing, You don't
• 31:30
  see a man. Women live longer than men.
• 31:34
  Why? I don't know, but that's the way
• 31:37
  they're born or that's the way they are.
• 31:39
  I'm sure they have some research on that.
• 31:41
  Is that right? Is that accurate?
• 31:43
  So women on average live longer than men.
• 31:45
  Steph is going to need to look it up.
• 31:47
  How, how? How much longer do women live
• 31:49
  than men? I'm pretty sure I read something
• 31:50
  about this a while ago. Probably 5 to 10 years.
• 31:53
  Yeah, 5 to 10 years longer. You think it's possible because
• 31:55
  men choose to die a little earlier?
• 31:57
  I don't think you have a choice. Yeah.
• 32:01
  That was that was a bad joke. It didn't go.
• 32:02
  It didn't go over well. That's what I say.
• 32:04
  Do what you want to do. I don't know.
• 32:05
  I have no idea. Say what you want to say.
• 32:07
  Say what? I want to say.
• 32:09
  Hey, but you, you mentioned though you're on, you're on a
• 32:11
  few meds that are keeping you going, of course, right.
• 32:14
  And you said yes, something earlier that you wanted to
• 32:16
  invest in that helps you live a longer life than that.
• 32:19
  Yes, I have two or three investments that give longer
• 32:22
  life and you go Truvan. And you believe in it.
• 32:26
  No, but the people that have invested in it and are
• 32:29
  scientists and say you can live longer and be healthier, I want
• 32:33
  to do something with. So I'm getting a couple of
• 32:35
  people invested in that. I have to say I don't know.
• 32:38
  OK, You know, but Michael, it's not just that Jerry is, you
• 32:40
  know, he's in this older age, you know, and he's vibrant, he's
• 32:45
  sharp. He's, you know.
• 32:47
  I do forget things though. Yeah, but we all forget this.
• 32:50
  If you came to my office, you'll see 60 or 70 piece of paper with
• 32:54
  things to remember, OK, Like telephone numbers, names, what
• 32:58
  they're involved with. I'm involved with Patrick
• 33:00
  Hannigan. OK, Who's Patrick Hannigan?
• 33:03
  He's a guy that I met. And what we're doing is taking
• 33:06
  care of wounds on people that don't heal, but we're able to
• 33:12
  heal that wound with the medication that we have.
• 33:15
  So I'm in the wound wound care business and we took care of
• 33:19
  three patients at the Heim Solomon National in Brooklyn
• 33:23
  because I know the owners of old homes.
• 33:25
  And now we're trying to get more business, but the government is
• 33:29
  watching everything you're doing and they don't say it's legal
• 33:32
  and you got to be careful and and they should watch
• 33:36
  themselves. Exactly.
• 33:37
  You know what they say about the government.
• 33:39
  You know why they don't like people stealing?
• 33:41
  Because they're the biggest thieves and they don't like
• 33:44
  competition. They don't like competition.
• 33:47
  It is what it. Is stay out of our business,
• 33:48
  Jerry, what are what are some regrets that you have in your
• 33:52
  life? Something that you look back and
• 33:53
  you say, I missed that one, I missed that one.
• 33:56
  I wish I could take that back. It's certainly not about money.
• 34:01
  Anything. Anything that you have as a
• 34:02
  regret that people listening can potentially learn from.
• 34:07
  That's a tough question. Regrets.
• 34:09
  I never really thought of it. You know, I can say things off
• 34:13
  the top of my head that I wish the movies, that business was
• 34:16
  more successful. I got out of it in the late 80s.
• 34:21
  I, I wish I I had a bit of the last five years of harness
• 34:25
  racing have not been good and I think this year will be better.
• 34:30
  I don't know. I don't.
• 34:31
  I don't really like to look at negatives.
• 34:33
  Well, let's look at the other way.
• 34:34
  What are some of the things you're super proud of?
• 34:37
  What are some of the things that you've accomplished in your life
• 34:39
  that you feel like, wow, you know, this was very noteworthy
• 34:42
  and this is a real notch under my belt.
• 34:46
  The the fact that I'm able to survive and be active and work
• 34:52
  with people today, I think it is a is a very big positive.
• 34:57
  I think that I'm able to help people in certain areas that
• 35:03
  they need my advice. Like I said to you before, I got
• 35:07
  3000 names in my phone. I answer every phone call,
• 35:11
  something I do that most people don't do.
• 35:13
  I answer every phone call. And probably I have a dozen
• 35:17
  fundraisers looking to raise money for me for businesses and
• 35:23
  they say they want to loan me 200,000 and they'll charge me
• 35:27
  260 and pay it off in three years.
• 35:30
  And I don't get involved with that.
• 35:32
  I'll figure it out. That's how I got this job with
• 35:34
  pro compounding in Tennessee. So I'm going to spend one week
• 35:37
  in Tennessee and three weeks, I don't know where, but I'm going
• 35:41
  down there Sunday to what I'm my job potential is going to be in
• 35:47
  that area, Don't know. How?
• 35:49
  How have you taken care of your health if you look back?
• 35:52
  See my doctors and I take my medicine because I have two
• 35:55
  doctors. One's a heart doctor, one's a
• 35:57
  regular doctor, Doctor Rucker and Doctor Roddy, and they tell
• 36:01
  me what to take and I take them twice a day.
• 36:04
  I take. I definitely hear that.
• 36:06
  I, I, I hear the idea of giving credibility to your doctors, but
• 36:09
  I'm saying in general in your life before doctors or even
• 36:12
  while the doctor. Were you going to the gym a lot?
• 36:14
  Was there something? That you you stayed away from
• 36:16
  alcohol. Give us some of those things
• 36:18
  that you know you've done. Let's break it down for a
• 36:20
  second. Physically, have you done things
• 36:21
  like sports or walking or exercise?
• 36:24
  Very little. Mentally, have you done things
• 36:27
  like meditate or Zen? Yoga.
• 36:29
  Emotionally, have you ever seen therapists or smoking OK.
• 36:33
  Spiritually, have you ever connected spiritually?
• 36:36
  No. OK.
• 36:37
  Interesting how you have you the desire for any of those to reach
• 36:40
  any goals in those areas that I just asked?
• 36:43
  My goal, my goal is to stay healthy and live longer.
• 36:47
  Then I can do what I'm doing now.
• 36:49
  That's why I get to my office 8:30 in the morning.
• 36:53
  I'm very happy that my office is 10 minutes away from my house
• 36:57
  where I live. I love my house.
• 37:01
  I have a lot of my trophies there, a lot of my pictures
• 37:03
  there on the walls. I can't even put them up enough
• 37:07
  of all the races we won and. It's just you and your wife in
• 37:10
  the house. And now we have a dog.
• 37:13
  My main dog just just died Mikey.
• 37:16
  And so we got another dog called Mona, but she's not she's no
• 37:19
  Mikey. She sleeps all the time.
• 37:21
  And we just got AI don't know six months ago, but my wife was
• 37:29
  this is this is my fourth wife. Really.
• 37:32
  Yeah, my first wife passed away at a very young age.
• 37:36
  She was diabetic from the age of 10.
• 37:39
  They had no way of treating diabetes in those days with
• 37:42
  insulin their way to have today. Then I had a quickie marriage,
• 37:47
  which I don't think anybody that doesn't know me knows about
• 37:54
  because she put out a contract to kill me.
• 37:57
  Excuse none of you here have I had a contract to be killed.
• 38:01
  So what do you do? When do you get a knock on the
• 38:03
  door by the cops? And they say, Jerry, I said,
• 38:07
  yeah, well, come inside where I talk to you.
• 38:11
  We just got a guy and he says your wife's number two wants to
• 38:14
  kill you. So I says what do do I do buy a
• 38:18
  bulletproof vest? I wore one for a year and
• 38:21
  finally we got rid of her and she stopped annoying me and I
• 38:26
  had that in my lifetime. So that's that was difficult
• 38:28
  year. Geez, Jerry, you just dropped
• 38:31
  the bomb on us like that. Obviously every day, but I wore
• 38:34
  blue for a vest and took it. Off What was her motivation?
• 38:36
  Why did she? Sorry, how old are you at this
• 38:38
  point if you don't mind? Probably 10 years, maybe 30.
• 38:42
  So you're in your 30s, you're in your second wife, and you get a
• 38:46
  knock on the door. That the woman that you married?
• 38:48
  How long ago? I was saying that's that wife
• 38:51
  the morning married to now. Yeah, no, but how long have you
• 38:53
  been married to her? When you heard?
• 38:54
  This maybe a year or two. Maybe a year.
• 38:56
  So you're into the marriage, you're going to knock on the
• 38:58
  door that your second current wife has a contract out on you?
• 39:02
  Yeah. For the purpose of life
• 39:04
  insurance or no, the purpose of anger.
• 39:07
  And the way to her for her to confront that is by killing me.
• 39:11
  So she hired a hitman. She had a hitman.
• 39:14
  So they obviously stopped that hit man, right?
• 39:16
  Well. They got arrested for something
• 39:18
  else and he said I, I have something to tell you that'll
• 39:21
  get me off. So he gave this evidence and
• 39:23
  they came to me to tell me about the hit man.
• 39:26
  Did you get rid of your wife immediately or he didn't say
• 39:28
  anything? To her, when I did it, I moved
• 39:30
  out of the house, he moved out of the house.
• 39:31
  My son, I left her in the house and she couldn't pay the the
• 39:35
  heating bills. So she finally left after the
• 39:37
  bill went after it got freezing in the House because there was
• 39:40
  no heat. That's all I got rid of.
• 39:43
  Damn Jerry, I'm sorry that I'm laughing, but this is crazy.
• 39:47
  A lot of shit happens. Now, now I would know why you
• 39:49
  keep repeating, you know, do what you got to do today because
• 39:52
  you never know if there'll be a tomorrow.
• 39:53
  You know, you hear these stories on TV like you read the news,
• 39:56
  like you hear stories like this, but hearing it first hand, it's
• 39:59
  pretty wild. You're in your 30s, you're
• 40:02
  height of your business and your pharmacy world.
• 40:04
  You're travelling, you're going to events.
• 40:06
  Did you tell anybody that this was happening?
• 40:08
  I mean, you're wearing a bulletproof.
• 40:09
  Vest. I had a bulletproof vest.
• 40:12
  When people tell no, you wore it under, I don't.
• 40:14
  Remember, I don't pay attention. That's old news.
• 40:16
  Yeah, I'm up to what's going on now.
• 40:18
  Yeah, but that's all old stories.
• 40:20
  So wife #3. Wife #3 how does she come about?
• 40:27
  She came about. My wife #2 I got rid of, oh, she
• 40:33
  was introduced. That's wife #4 I don't know.
• 40:37
  Forget about my number 3. She was there for a long time.
• 40:39
  I don't know. OK.
• 40:42
  And then finally I met Teresa. I asked #4 And we were
• 40:47
  introduced by a guy named from the pharmacy business, and she's
• 40:51
  a registered nurse and we've been married for 17 years.
• 40:55
  Beautiful, beautiful. She was 50 when I met her.
• 40:58
  So now she's 67 and I'm 91. Throughout your your lifespan,
• 41:03
  you've had how many kids? 1.
• 41:05
  One kid and the from your. First marriage Stephen came from
• 41:10
  first marriage. First marriage.
• 41:12
  Yeah, yeah, yeah. Yep.
• 41:14
  He's 58. Wow.
• 41:16
  It is what it is, but. You know, we one of the reasons
• 41:20
  why we do this, just so you understand, Jerry, and having
• 41:22
  these conversations is as much as you're looking forward to the
• 41:26
  next day or, or, or living your day today to its fullest, we're
• 41:30
  trying to learn from your experiences, which is why we're
• 41:34
  coming up with these ideas of questions.
• 41:36
  And you know, we're not trying to poke at you.
• 41:38
  We're just trying to figure out like, OK, what did he do
• 41:40
  throughout his life that we can learn from, whether it's
• 41:43
  negative or positive. So that's where the questions
• 41:45
  are coming from. And like, we know you sold your
• 41:47
  business and you ended up with a lot of money, but with that
• 41:50
  money came decisions of do I spend it on horses?
• 41:53
  Do I invest, invest in other businesses?
• 41:55
  So we're trying to learn from that process.
• 41:57
  Take me through that era, if you don't mind.
• 41:59
  You're getting a $20 million check.
• 42:00
  You're, you know, you're living your life.
• 42:02
  You're, you know, you're done with the bulletproof vest and
• 42:06
  you know, you're at your height and people are probably calling
• 42:08
  you for investments and ideas and business strategies all day
• 42:11
  long. What can you tell us, looking
• 42:13
  back at that part of your life that we should learn from?
• 42:16
  When we make money and when we do well in our lives, What?
• 42:19
  What do we need to look out for? Trust the person that's giving
• 42:22
  you advice explicitly. Everybody, once they see you
• 42:26
  have money, goes after you to invest in deals.
• 42:30
  I still get deals every day to invest in and I don't put money
• 42:35
  in to these deals because I don't have the cash.
• 42:38
  So what I do is I show it to somebody else and get a finder's
• 42:42
  fee. Like I, I, I got like a pharmacy
• 42:46
  for sale or a nursing home for sale.
• 42:49
  So I get a fee for putting two people together and I, it's nice
• 42:55
  to do, but it's also aggravating because that doesn't always
• 42:59
  happen. I mean, there's a lot of
• 43:00
  products out there or facilities for sale and they want too much
• 43:05
  money and they want to pay it like a industrial for sale in
• 43:09
  Queens. But the owner wants it's worth
• 43:14
  probably 28 million and he's asking 35 million.
• 43:18
  How much is that a bed? Too much. 200 beds around we're
• 43:23
  talking about. That's 280,000. 280. 1000 / 250
• 43:27
  he's asking almost. Almost a half a million a bed
• 43:29
  he's. Asking almost $300,000 a bed,
• 43:31
  which is a different world. Than what it is, but the world
• 43:33
  has changed the way it is now looking at these things and
• 43:38
  there's different investment groups that are coming.
• 43:41
  I don't know I, I mean we've got guys all week long and I try to
• 43:46
  help out people who want to be helped out.
• 43:49
  And I think I've been successful with trying to treat people with
• 43:53
  a wound that hasn't healed at at a facility and give them a
• 43:59
  better life through this wound treatment that I have.
• 44:03
  I don't know that I come here to see you guys.
• 44:05
  I love that. I actually like that you said
• 44:07
  that, Jerry, a minute ago of seeking advice from people and
• 44:11
  listening to them. So what?
• 44:13
  Take us back, always. Learn.
• 44:14
  Yeah. What was one of those situations
• 44:16
  like for you when you had to listen to someone and you
• 44:18
  didn't, or you did and give us an example that we can learn
• 44:21
  from that Because I, I, I like what you're saying, you know?
• 44:24
  I'm trying to think I, I, I think that you have to associate
• 44:29
  with people that you can trust that are not taking advantage of
• 44:32
  you 'cause once they feel you, you got a few dollars.
• 44:35
  Even though I spend all my money 'cause I don't feel that I never
• 44:41
  have enough, There's always something coming up.
• 44:44
  Like I just went over with my girl Michelle, who's in my
• 44:47
  office. OK, what does she do?
• 44:49
  I used to have two girls in my office, Debbie and Michelle.
• 44:53
  Debbie decided to retire and move to Florida with her
• 44:56
  husband, OK? I cut down her hours from 5 days
• 45:01
  to four days to three days because I didn't have the cash
• 45:04
  to pay her. I don't be cash.
• 45:05
  Cash. I'm talking about salary.
• 45:08
  So where is? So where is Debbie now?
• 45:11
  She's at Trump staying up in Florida someplace.
• 45:15
  And I said to you, since, you know, we sat down over here, I,
• 45:20
  I, I think and I do what I want. I normally go to bed early.
• 45:24
  I go to bed 93010 usually get up like an hour or two later.
• 45:30
  12/31/30 I guys have a small bite.
• 45:34
  I get up at 7:00 and I'm on the road, which is 10 minutes away
• 45:37
  from the house to the office at 8:30, quarter nine.
• 45:41
  And then I got names that I have to talk to people to try to get
• 45:45
  them to either work with me or I work with them, OK.
• 45:50
  Do deals, do deals networking? Networking.
• 45:53
  Yeah, that seems to be your specialty over the years that.
• 45:56
  Look, it is. It's not what you know, it's who
• 45:58
  you know. And I got 3000 names in the
• 46:01
  phone over here. And some of them, their emails
• 46:04
  are wrong. Some passed away.
• 46:06
  Unfortunately, many are retired. But now I'm just made a list
• 46:11
  this morning of 50 names to go after to invest in this new deal
• 46:15
  I have with what the hell is this deal?
• 46:19
  Just the Truvian Truvian deal? Or this is with the speakers,
• 46:23
  Steven Spiegel in California. But you never know.
• 46:28
  Wow. And you're ambitious.
• 46:30
  What's that? You're ambitious.
• 46:31
  I like it. I always have been.
• 46:34
  I opened up my pharmacy one year after graduating Columbia
• 46:37
  College of Pharmacy. Bold.
• 46:41
  And those days you couldn't take care of the assisted livings
• 46:45
  because there was always money under the under the table to the
• 46:48
  Bergman affair. Then he ran away to Israel and
• 46:51
  then it became legal. And then I could open up my
• 46:55
  pharmacy to cater to people in assisted living.
• 46:58
  And then finally I went to nursing homes because it was
• 47:02
  much more difficult to take care of a patient in a nursing home
• 47:05
  than to it, than assisted living.
• 47:07
  It is what it is. But as I say, I appreciate you
• 47:10
  asking me to come down here, give you some ideas of what I
• 47:14
  did, but only I, I pick up every phone call, probably 6 every
• 47:18
  day. While people don't want to loan
• 47:20
  me money, I don't want money from them because they're asking
• 47:23
  too much interest for the money. Right now I'm OK.
• 47:28
  Am I great? No, but it is what it is.
• 47:31
  So what? Are you going to do with that
• 47:32
  money? I mean, if someone, if someone
• 47:33
  was to give you, you know, the money, the money that you need
• 47:37
  today on something you keep talking about spending, What are
• 47:40
  you spending money on? That's what I'm asking you.
• 47:42
  What are some of your hobbies right now?
• 47:44
  If somebody was to write you a check tomorrow for that million.
• 47:46
  Dollars. Where's that money going?
• 47:46
  Where's that going first? Of all, no one's giving you a
• 47:50
  check for $1,000,000, but you're.
• 47:54
  Going to invest in another horse.
• 47:56
  No, I think my horse racing I I don't want to pay top dollar to
• 48:02
  buy in to a new resource. I think I'm happy with the 50 I
• 48:06
  have and and the the 2 1/2 to 5. As a matter of fact, I just
• 48:11
  needed money and I was, I spoke to Mark Weaver and Joe Katori,
• 48:17
  Joe Joey Corey and they gave me 106,000.
• 48:22
  That's how I money by buying a certain percentage of some of
• 48:25
  the horses. I kept the horse but they own a
• 48:28
  percentage or buy percentage. Right, I might be interested in
• 48:31
  that. By the way, I'm curious how that
• 48:32
  would work because it seems like a interesting and fun.
• 48:36
  It's OK, you need to get that. Hello, I'm doing an interview
• 48:40
  now. Do me a favor, call me in the
• 48:42
  office tomorrow if you can, nine 10:00 and we can talk about it.
• 48:47
  Bye bye. What was that?
• 48:50
  Jewish guy that wants me to sell a product of his.
• 48:54
  I have no idea what the hell he's talking about, but I tell.
• 48:57
  Him. Well, you're going to pick up
• 48:58
  his call tomorrow, aren't? You I pick up every call.
• 49:00
  You pick up every call. Yeah, yeah.
• 49:02
  By the way, Michael, that's a very big lesson.
• 49:05
  I know that is a very big lesson that's going that's just going,
• 49:09
  you know, underrated. Here is the importance of you
• 49:14
  never know what you're missing. If you don't, you never know
• 49:17
  what you could potentially. I'm very selective.
• 49:18
  I don't pick up every call and most people are like that.
• 49:21
  I think today. Well, you know, on on that note,
• 49:24
  Jerry, what's something that you noticed with today's generation,
• 49:27
  the younger people that irks you, something that you feel
• 49:30
  like has gone down in quality since back in the day?
• 49:34
  Like what is something that we should, you know, double check
• 49:37
  and revisit if we're doing things correctly?
• 49:39
  What would that one thing be? I I.
• 49:41
  Think that the world today is entirely different and, and the
• 49:46
  people that have been educated, everybody lives on their phone
• 49:50
  and everybody has all kinds of information going back and
• 49:53
  forth. I really don't know an answer to
• 49:56
  that question of what people should do or shouldn't do.
• 50:00
  I don't know. I do what I want to do.
• 50:02
  I know one thing I oh, I got one thing that's very good.
• 50:05
  I have ways. So you're appreciative of the
• 50:09
  younger generation for giving you?
• 50:10
  Ways, but that's about it. The one thing we got right,
• 50:12
  Yeah. Everything else we suck, you
• 50:14
  know? I want to, I want to before we
• 50:16
  wrap up, I want to go back to the horses for a second because
• 50:19
  I'm, I'm curious about this. So you have stake in 50
• 50:23
  different horses and let's say right now is an opportunity
• 50:25
  where you need money and I can invest in your piece of
• 50:29
  investment. Explain to me how it would work.
• 50:31
  What is the minimum amount I would need to invest in this
• 50:34
  world of yours? My world, you can't even.
• 50:37
  I'm not asking to invest in You want to buy a horse?
• 50:40
  You want to buy horses, go to a sale, buy.
• 50:42
  Awesome. Well, no, I.
• 50:44
  I Yeah, but you said this is a dying business.
• 50:45
  Isn't that what you said? It's a dying business but people
• 50:48
  spend $500,000 on a yelling because he's bred well or
• 50:54
  800,000. I mean they buy them in
• 50:56
  partnerships. Let's say 4 guys at 25% each for
• 51:00
  500,000 I mean. These horses go for north of 1/2
• 51:05
  a million dollars. Yeah, that's.
• 51:06
  The the average, really, really most of them, the average horse
• 51:10
  that Ronnie Burke buys is between 90 and 100 thousand,
• 51:14
  $20,000. OK, Now if I get some money
• 51:16
  which I don't have right now, I tell them I rejoin the
• 51:20
  partnership. Right now I got pieces of 50
• 51:23
  horses and I say three are racing today, 10 raced on on
• 51:28
  Saturday. I I enjoy being in the winner's
• 51:32
  circle with my horse. There you go.
• 51:35
  And I am in my office pictures of where I won races and I'm
• 51:39
  very happy. So right now, for example, you
• 51:41
  said around $100,000 to buy a horse, to buy into a horse,
• 51:45
  right? And you could do it with
• 51:47
  partners, right? You could do with as many
• 51:48
  partners as you want, yeah. So do people sometimes look for
• 51:51
  other partners to come in? The industry is a dying
• 51:55
  industry. Yeah, I was at the Meadowlands
• 51:57
  on Saturday, OK, There are maybe 2003 thousand people there.
• 52:02
  Hamiltonian Day, which is the beginning of August, they've
• 52:05
  been, there'll be 12 to 15,000. When I went to the races in the
• 52:11
  Sixties, 50,000. Went to Roosevelt Raceway
• 52:15
  50,000. Which state is the biggest in
• 52:18
  horse racing? Now Ohio, then New York and then
• 52:26
  Pennsylvania, then Kentucky. Florida died.
• 52:31
  No more racing. Harness racing in Florida and
• 52:35
  Canada does well. They just had big races up in
• 52:38
  Toronto. Really.
• 52:40
  What are the countries participates with Horse racing
• 52:42
  Europe. It's big in Europe.
• 52:44
  England. Is it bigger over there than it
• 52:46
  is? Here, much bigger, much bigger
• 52:48
  Australia, very big. I spent a lot of time on
• 52:51
  Australia when we were racing and did well in Australia racing
• 52:55
  so. This is a worldwide sport.
• 52:57
  Yes, but it is. Essentially, buying into a horse
• 53:01
  is like gambling. 100% right. Yeah, yeah.
• 53:03
  Because it's so out of your control, anything could go wrong
• 53:06
  at any given time. Exactly, Especially if you buy a
• 53:10
  Ealing. In other words, the horse is
• 53:14
  born, let's say in April, May, June, and then you buy him a
• 53:20
  year from now and September or October, November, a year later.
• 53:26
  Then you start to train him and if he's, if you're lucky, he'll
• 53:30
  start to qualify in June, July. So it's a year and a half of
• 53:35
  bills and bills and bills, and then half the horses that you
• 53:40
  bought don't even make it to the races as a 2.
• 53:43
  It's a crap shoot. Crap shoot then as a 375% will
• 53:47
  make it or get rid of him. Who the hell did that?
• 53:51
  He doesn't want to race and then they something called guildy.
• 53:54
  They Guild all the the males to make them faster.
• 53:57
  What's that? What's Guildy?
• 53:58
  Cut off their balls. Interesting.
• 54:00
  Why does that make that faster? Do I know?
• 54:05
  Who's the greatest horse of all time?
• 54:08
  Muscle Hill. Muscle Hill, What was his
• 54:10
  notoriety? Why was he the great?
• 54:12
  I owned him. That's your personal preference,
• 54:15
  right? No, that's not fair.
• 54:16
  I'm asking. It changes.
• 54:17
  It changes every year. I can't say.
• 54:19
  Steph, there's no here the most expensive horse.
• 54:21
  Let's look. It up there's no Hall of Fame
• 54:23
  for like you know some of the greatest horses that like
• 54:25
  accomplished the greatest feats yeah in racing I'm a.
• 54:28
  Gun Runner, You heard of that horse?
• 54:30
  Yeah, that's a thoroughbred. A thoroughbred.
• 54:32
  So that's a $3,000,000 horse. Thoroughbred.
• 54:35
  I'm not involved in thoroughbred.
• 54:36
  So how did you pick this side of racing versus thoroughbred?
• 54:39
  Like what's? That's a good question.
• 54:42
  Someone told me about it in 1960 and I got involved.
• 54:45
  Oh, what's his name? He used to write for the New
• 54:48
  York Post. He was my customer at Long Beach
• 54:51
  Chemist. His name was Leonard Code.
• 54:54
  He lived 149 Westchester. OK, He dealt by me, he said,
• 54:58
  Jerry, you got nothing to do. Come to the racetrack.
• 55:00
  Come to Roosevelt. He lured you in.
• 55:03
  He lured me in, this was and he was my customer and I got
• 55:07
  involved and I owned horses, did well lost, had five horses, had
• 55:13
  a good trainer for the Dancer and is what it is.
• 55:17
  What was the best year you ever had money wise with any of?
• 55:21
  You muscle Hill. Muscle Hill What'd you make that
• 55:23
  handball? What'd you make that year about
• 55:26
  approximately? I have no idea.
• 55:27
  I couldn't even guess. Over $1,000,000.
• 55:29
  I I don't know, I don't keep track.
• 55:32
  I used to have an account that was his job.
• 55:35
  Because if one horse makes, there could be 10 horses that
• 55:39
  don't do. I don't know, right?
• 55:42
  And like, I just took a look on Saturday, I had ten horses
• 55:47
  racing. I got getting checks and nine
• 55:50
  horses, 9, five of them one. One was second to a third, one
• 55:56
  was fourth, one was fifth. One was nice.
• 55:59
  So when Sylvia Burke takes care of the bills, I will have a
• 56:02
  profit on those for that race, for that one day as the 30 days
• 56:07
  in the bill. It is what it is.
• 56:09
  That's why I say do what you want to do, enjoy yourself.
• 56:13
  Like coming out of here was a pleasure.
• 56:15
  Thank you. I sent myself back to New York
• 56:17
  and I my house. Coming out of here, you know, we
• 56:19
  generally ask the question of what would your message be?
• 56:21
  But I'm pretty sure we're clear on what your message is to the
• 56:24
  world and. Live every day like it's your
• 56:28
  last day and do whatever you want to do.
• 56:31
  Exactly do what you. Wanted did I sum it up right A.
• 56:33
  100% because what I said to you before, do what you want to do
• 56:37
  now because may end tomorrow. When my father sat down on
• 56:41
  Friday and he had shop liver which my mother gave him every
• 56:45
  day. This is so many years ago.
• 56:49
  And he had pains in his chest and he went to Coney Island
• 56:51
  Hospital. And then those days they
• 56:54
  couldn't figure out what to do. He was dead in five days, so and
• 56:58
  he was probably 50 years old. But his way of handling life and
• 57:04
  teaching me what I know now and what I do now is something that
• 57:12
  I'm lucky to have. So I appreciate you asking me to
• 57:15
  come down here do. You have any questions for us
• 57:17
  before we let you go, we give the our guests an opportunity to
• 57:20
  ask us questions. Do you have any questions for
• 57:22
  us? No, I think you're doing a good
• 57:27
  job. You're bringing out thoughts of
• 57:29
  people. As I say, I'm not the easiest
• 57:33
  person to talk to, but I certainly appreciate you having
• 57:37
  me down. I think you did a great job.
• 57:39
  Thank you. Yeah, I got to start myself back
• 57:41
  to Long Island. Well, the good thing is this
• 57:44
  legacy that you're going to leave over on our podcast is
• 57:47
  going to live forever. Yep.
• 57:48
  And people are going to listen to it and enjoy.
• 57:50
  You that's if they know how to do it.
• 57:53
  Learning about your experience, what it's like to make money,
• 57:55
  what it's like to spend money. You know, the priorities in
• 57:58
  life, you know, we, I tried getting into the emotional side
• 58:02
  of it and the spiritual side. I see there's a tremendous
• 58:04
  barrier here with that discussion, so I'm not going to
• 58:07
  even try. But I do want to tell you that,
• 58:09
  you know, looking at someone that's older, you know, we're
• 58:13
  trying to always learn from our elders and.
• 58:17
  I may be different than a lot of older people.
• 58:19
  There's a lot of the older people I know are they only look
• 58:24
  to retire. I want to retire.
• 58:26
  What are you going to do? Well, I go with my wife
• 58:30
  shopping. Wonderful.
• 58:31
  That's a great retirement. What else do you do?
• 58:35
  I watch television. I wonderful.
• 58:38
  What else do you do? I read books.
• 58:40
  I know. What else do you do?
• 58:41
  I don't know. I'm retired.
• 58:44
  I think that's the most ridiculous thing in the world,
• 58:46
  to retire. Why?
• 58:48
  Because you reached a certain age, you know, I think there's a
• 58:52
  scientist that are trying to keep us alive today with the
• 58:56
  medications they're giving. Go to the pharmacy world.
• 58:59
  I know people that are taking 10 medicines, 5 medicines, no
• 59:03
  medicines. We don't know what it is to be
• 59:06
  that. Then you got to the stupid war,
• 59:09
  you know, going over there now, when I saw that plane that
• 59:13
  dropped those bombs, I never saw a plane that even look like
• 59:16
  that. But he was smart enough Trump to
• 59:19
  send planes the other way towards Guam to make whoever's
• 59:23
  looking thinks that we're a. Diversion.
• 59:25
  Diversion. Exactly.
• 59:27
  So he knew how to do that. I was never in the Army, which I
• 59:32
  thought I should have been because I graduated Abraham
• 59:35
  Lincoln High School in 3 1/2 years instead of four because I
• 59:39
  took some courses to get out. Then they said, oh you can
• 59:43
  listen to the ROTC, I don't have to have that anymore.
• 59:46
  Reserve offers training corps. OK, sounds interesting.
• 59:52
  How old was I-17? Something like that.
• 59:55
  He said but you have to read the chart.
• 59:57
  I said which chart? The one over here.
• 1:00:00
  Is that OK? He says walk up to the chart
• 1:00:03
  till you read it. So after I bumped into the chart
• 1:00:06
  they said get the out of here because you can't see.
• 1:00:10
  You walked into the chart. Without my glasses, but now I
• 1:00:13
  got all kinds of problems. So maybe that's a regret you
• 1:00:16
  should have put on your glasses. Yeah.
• 1:00:18
  Well, no, you couldn't. You had to take them off,
• 1:00:21
  forgetting the the reserve office training call.
• 1:00:23
  You couldn't have glasses. Do you remember when Pearl
• 1:00:26
  Harbor, you know, when the attack happened, what was the
• 1:00:28
  environment like in the country, in New York?
• 1:00:31
  What was the feeling there? They were going into war like
• 1:00:34
  you were getting involved in the big war.
• 1:00:35
  Like what? What was the feeling then?
• 1:00:37
  I I understood there's three things about the war.
• 1:00:42
  Pearl Harbor was the Japanese attacking Pearl Harbor because
• 1:00:46
  we weren't prepared when I went to school at a very at that age.
• 1:00:51
  So I was in 4142 and I was 3444. So I was 8 years old.
• 1:00:56
  Used to come with a, a thing to sit on in the hallway because
• 1:01:00
  they thought the Japs would would be or the Germans would be
• 1:01:02
  bombing the school. Then they had the submarine that
• 1:01:06
  came to Long Island that sends six guys over in Long Island to
• 1:01:11
  to attack Germans, to attack people, to live in Long Island.
• 1:01:15
  You look it up, they landed and have against it Long Island.
• 1:01:20
  So that was scary. It was.
• 1:01:21
  Scary times living here in the United States.
• 1:01:23
  Yeah, that's what we're talking about.
• 1:01:24
  It scary times. In the United States, yeah.
• 1:01:28
  It's happening all over again. Do you have a feeling ever in
• 1:01:31
  the past decade or so that that can come back?
• 1:01:33
  That feeling. Well, you know, when Trump is
• 1:01:37
  the president and he's got a big mouth and what he wants to do, I
• 1:01:42
  take a look at the world and I see all these countries and I
• 1:01:46
  see how little Israel is compared to all these other
• 1:01:50
  countries. If you look at the space they
• 1:01:51
  have Saudi Arabia, Iran, Iraq, Syria, Jordan, this and that.
• 1:01:56
  And then you got the other side, China, Russia.
• 1:01:59
  We're safer now than we ever been before that.
• 1:02:02
  Every country in the world is afraid of us, especially with
• 1:02:06
  Trump or his big mouth. Jerry, thank you so much for
• 1:02:08
  joining us. Please don't forget to like and
• 1:02:09
  subscribe. Thank you again to the Prime
• 1:02:11
  Source production team. That's a wrap.
• 1:02:14
  Thank you, Jerry. So my pleasure coming.
• 1:02:15
  I appreciate it.