#125 - What is the Buy, Borrow, Die Process?

**Sam Parr** (0:00)
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**Shaan Puri** (0:47)
We are live.
So my brother-in-law, Aaron, brother Aaron, as I'll now call him, is here on the show. And the reason I wanted to have him on is because we have the most hilarious conversations because it gets curious about shit and then goes down these YouTube and Reddit rabbit holes, and then comes out like a week later, and I'll be like, oh, how's it going? And he'll be like, oh, dude, I've been deep on Scientology this week.
It'll be like a different topic every time. And I thought it might be a fun little segment. I'm always entertained by it. So we're going to try it out. And if it sucks, you'll never hear this because we'll just cut it out of the whole podcast. So we'll give it a shot. Some of the most famous podcasts, like Joe Rogan has this Eddie Bravo. Bill Simmons has his drunk friend, Drunk House, who comes on and does these. And I feel like it could be a good little thing. So tell us how you feel about most tech podcasts.

**Aaron** (1:37)
Man, listen, Shaan, I love you, but everyone in Silicon Valley thinks they know everything. Everyone can do a 360 slam dunk. Everyone's smarter than anyone else.
They know Tim Ferriss. They know Barack Obama. And I just get tired of it, man. It's too much for me.
If I know anything about the tech bros, they were there when at Jesus' Last Supper, you know, he's on their speed dial. You know, like they know John F. Kennedy's still alive. You know, just all sorts of stuff that a regular guy from Texas like me just can't do it. It's too much for me sometimes.

**Sam Parr** (2:08)
Wait, are we?
And I don't mind being called this, but are we tech bros, me and Shaan? I don't know if I am, but maybe.

**Aaron** (2:15)
I don't think so because of the affinity that I have for Shaan that translates over to you and to Sully.
But if I didn't know y'all, I'd be like, damn, this guy thinks he knows everything about everything. And so that's just something that in Houston, people aren't like that. Now we're much more kind of like...

**Shaan Puri** (2:34)
Give us your Tim Ferriss impression.

**Aaron** (2:36)
Yeah, I was one of the original investors in GE. I don't know really how, I wasn't yet born. But when I was talking to Prime Minister Modi when he came over for coffee, I believe chai, actually, we were talking about how I'm smarter than everyone else in India.
So that's my Tim Ferriss.

**Sam Parr** (2:58)
By the way, I just drove through Houston yesterday. I think the cockiness, or sorry, I just drove through Dallas. I think the cockiness of Texans is definitely greater than the cockiness of Silicon Valley bros, but it's definitely similar.

**Aaron** (3:11)
We'll see, in Texas, it's more based on toughness.
You know, like, oh man, I could whip you up. It's not based on like, oh yes, I went to Stanford for my MA in computer physics or whatever it is. In Texas, it's more based on toughness and not on intellectual ability.

**Shaan Puri** (3:29)
If you're cocky, but you're on the come up, that's all right. Once you're on top and you're cocky, now you're just a prick, right? So that's the problem with Silicon Valley. People in Silicon Valley have actually made it too much. They have too much money. So now you can't be cocky at all.
People like if the underdog believes in themselves, but not for the better.

**Aaron** (3:44)
Yes, that's right. That's right.

**Shaan Puri** (3:46)
So Aaron, we were talking about the latest rabbit hole you went down, hours and hours of YouTube. What caught your eye this week? Where'd you go?

**Aaron** (3:54)
Dude, man, okay. So like, it's all about the election.
Everyone back home in Texas is voting for Trump. Everyone here in California hates Trump. And the one thing that I saw on the news, Sam, is that they were saying how President Trump didn't pay any income tax. And of course, all the employees that get W-2s are gonna lose it. Oh, how come he's not paying taxes? And a brother like me sat back and was like, I wonder how he's not paying taxes. And then the rabbit hole opened up, man. So I go on YouTube. I find out how do people not pay income tax. I go down to Jared Kushner Rabbit Hole, who's Donald Trump's son-in-law, and this guy's worth anywhere between $400 and $700 million and paid no federal income tax. And as I was digging through it, I saw that people that who are really rich and have assets get a lot of those assets through real estate. And so you think that that asset costs $400 million. Oh my God, it's so much. If you take into account depreciation on that building, you know, Trump Tower or Kushner Tower, and then cost segregation, this guy actually was able to actually get a tax credit, even though he's a multi-multi-millionaire. And I just thought that was so interesting because I was an employee from when I was like 17 up to about three years ago, and I thought paying taxes was a good thing. Oh, check this out, man. I paid all this in taxes. I'm big ballin, shot callin, right?