Are tariffs good or bad for founders?

**Shaan Puri** (0:00)
For all of my friends, this is their only business. This is literally their lifeline. And so I find it very not cool, is my official diagnosis. Super uncool by the orange guy.

**Sam Parr** (0:24)
All right, Shaan, mahalo. My first question is, what's it feel like to be an extra on the set of White Lotus?

**Shaan Puri** (0:34)
As long as I'm not the guy who dies, I'm good. All right. So that's my White Lotus game plan. I thought I'd be festive for you.

**Sam Parr** (0:41)
I think you look good.

**Shaan Puri** (0:43)
Dude, I was, as you know, I don't leave my house and took the family on vacation. So we're in Hawaii and I texted Ben. I go, dude, I'm getting recognized left and right. And he goes, really? That's awesome. I'm like, how many times, like 10, 11? And I go, no, dude, two, left and right. I got to happen twice just now. Had to text you right away.

**Sam Parr** (1:04)
This is amazing. Where did you get recognized at the airport?

**Shaan Puri** (1:07)
Dude, someone voice recognized me. I was like coming around the corner somewhere. I'm talking to my kids. And some guy just runs around the corner. He goes, hey, are you Shaan? Did you just recognize my voice? He goes, yeah, I've listened to the podcast a bunch.

**Sam Parr** (1:22)
Dude, there's been so many times where like I've met someone and I'm like, we should hang out. And then they text me.

**Shaan Puri** (1:27)
You want to get on this flight?

**Sam Parr** (1:29)
Yeah.

**Shaan Puri** (1:29)
Do you have a ticket?

**Sam Parr** (1:31)
Well, if I'm like flying home and like someone's sitting near me, I'm like, do you want to like be friends and like get together sometimes? And then they'll message me a week later. I'm like, what are they doing? It's like going to the grocery store hungry. Like I'm just like making bad choices.
Can we talk about tariffs really quick? First of all, I want to let people know I don't know anything about this. Like I'm not like an economist, which everyone is all of a sudden. But I want to know, did you go to Hawaii because you were sweating and you're like, I need to find peace or what?

**Shaan Puri** (2:00)
Dude, the last time I came to Hawaii, I don't remember this, was in 2022

**Sam Parr** (2:04)
Wasn't it like some crypto thing? Like you crashed.

**Shaan Puri** (2:07)
I landed and the same day I landed, crypto had the biggest crash. Like Luna basically went broke and it brought down Bitcoin with it. And I basically landed and then lost a million dollars. And it was just trying to hang out with my wife and just be like, OK, cool.
I'm just not going to mention this, like how expensive this vacation has got. And the worst part was because I was on vacation, I didn't have like any of my normal like computer hardware or anything. I could sell. I could do anything. Yeah. Like, you know, this cold storage is working out great. So I was basically stuck. And then this time, same thing, went on vacation. Oh, the S&P 500 has had the worst like three day losses since like the bubonic plague. And I was like, oh, great. Here we go again. I'm not coming to Hawaii anymore.

**Sam Parr** (2:55)
When I've been going through this, as everyone knows, I'm heavy on index. And when I have been going through this, my I've just I just don't look. I just don't look. I don't look. I just I pretend it doesn't exist and I don't look. Although I did. I invested a little bit more than normally I do every month. And I went a little bit heavier, but I just didn't look. I just I can't log in.
It makes me too anxious and it really ruins my day.

**Shaan Puri** (3:19)
Yeah. Well, I asked a simple question. Am I going to do anything? Is my plan? Do I have some trade I'm trying to make right now? Is there some some genius move? Am I just trying to panic sell?

**Sam Parr** (3:27)
No.

**Shaan Puri** (3:28)
OK. If not, then there's really no point in even looking. It's just going to ruin my vacation. So I don't look. But when I landed, there was something I had to look at, which is these tariffs. So not only did the stock market crash or maybe because of this, the stock market has been crashing, which is that Donald Trump has created a new holiday, Sam Liberation Day.