This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Kevin O'Leary, a Canadian businessman, author, politician, and television personality. He is a Shark on ABC’s hit show Shark Tank and has had numerous previous business successes, including when he sold The Learning Company to Mattel for $4.2 billion in 1999.

In this conversation, we discuss the economic impact of the pandemic, the PPP loan program, the current state of personal finance in North America, and alternative assets, including wine, watches, and Bitcoin.

Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:
00:00 - Intro
00:14 - Kevin's background
01:24 - PPP Loans and the state of the economy
04:06 - How the virus affected online business
05:52 - Personal finance problems and solutions
09:07 - Saving vs Investing
10:52 - Kevin's thoughts on side hustles
13:07 - Investing in wine
17:22 - Getting institutions to invest in psychedelics
21:54 - How to make money in the wine business
24:37 - Investing in watches
30:23 - Bitcoin
36:11 - Should Kevin invest in Bitcoin?
39:08 - The need for a BTC ETF
41:40 - How Kevin thinks about portfolio construction
46:35 - Aliens