Learn English with the JOE ROGAN PODCAST — Elon Musk
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Transcript
00:00Basically too many smart people go into finance and law. So you know this is both
00:05a compliment and a criticism. We should have, I think, fewer people doing law and
00:12fewer people doing finance and more people making stuff.
00:17Ah yeah! What's up global citizens? I'm Thiago, your real-life fluency coach and
00:24today we have a great conversation to learn English from with podcaster Joel
00:28Rogan and the controversial yet legendary and visionary entrepreneur
00:33Elon Musk. But in case you're new here, our method is really simple. First, you
00:38will watch the scenes with subtitles. Then we'll teach you some of the most
00:42important vocabulary, grammar and pronunciation from the clips. Finally, you
00:47will test your listening skills by watching the scenes again without
00:50subtitles. But before we get started, make sure you hit that subscribe button and
00:54bell down below because every week we put out a new lesson like this to help
00:59you understand your favorite movies, TV series and, of course, podcasts and
01:03interviews. Without getting lost, without missing the jokes and without
01:07subtitles. So hit that subscribe button in order not to miss a single new
01:12lesson. Now let's get started.
01:16In this clip, Elon talks about how people often have the wrong idea about him and
01:22other billionaires. Let's see what he has to say. But do you feel like people
01:27define you by the fact that you're you're wealthy and that they define you
01:32in a pejorative way? For sure. I mean, not everyone, but you know, there's for
01:38sure in recent years, billionaire has become a pejorative, like it's
01:43a pejorative. It's like that's a bad thing, which I mean, I think doesn't
01:48make a lot of sense in most cases. So like, how does this wealth arise? It's if
01:53you organize people in a better way to produce products and services that are
02:00better than what existed before, and you have some ownership in that company, then
02:06that essentially gives you the right to allocate more capital. So there's a
02:12conflation of consumption and capital allocation.
02:19But do you feel like people define you by the fact that you're you're wealthy?
02:25If a person has a substantial amount of money and material possessions, this
02:30person is wealthy. In other words, this person has a lot of money. And that they
02:36define you in a pejorative way? Pejorative is a great word. If you talk
02:40about somebody in a pejorative way, you are speaking about that person from a
02:44negative perspective. You're not being very kind to that person. A great
02:48synonym for pejorative is derogatory. If you are derogatory or speak about
02:54someone in a derogatory way, it's the same idea, you are talking about that
02:59person negatively. By the way, this reminds me of a classic clip from Rocky
03:04Two, you know, the Rocky Balboa movies. In Rocky Two, there is this press
03:08conference where a reporter asked Rocky to comment something derogatory about
03:15his opponent, Apollo Creed. But Rocky in that movie, he's not very educated. So he
03:19doesn't really understand what derogatory means. So it's really cool to
03:23see the clip because, you know, he kind of uses derogatory in a positive way
03:27because he doesn't understand what it means. Check it out.
03:31Rocky got anything derogatory to say about the champ?
03:36Yeah, he's great.
03:38For sure, in recent years, billionaire has become a pejorative.
03:45It's like that's a bad thing, which I think doesn't make a lot of sense in most cases.
03:51Great connected speech here. So we have it doesn't, it doesn't. The T for it is a stop T.
03:57We say it doesn't. Also, the T for doesn't also kind of disappears. And then make a, make a.
04:04The a is a schwa sound. The T for lot is a flap T, which then joins with the
04:12preposition of. But again, the preposition of is reduced to another schwa sound.
04:17So we don't say of, we say a. So putting it together, it doesn't make a lot of sense.
04:23Which I mean, I think doesn't make a lot, a lot of sense.
04:26Which I mean, I think doesn't make a lot, a lot of sense.
04:35So like how does, how does this wealth arise?
04:39To arise means to come into existence or to appear. Here's an example.
04:44It's essential to be prepared for any challenges that may arise in the course of this project.
04:50Don't forget the conjugation of this verb. We have arise, the base form,
04:55arose, the simple past form, and arisen, the past participle form.
05:00If you organize people in a, in a better way to produce products and services that are better than what existed before,
05:09and you have some ownership in that company.
05:13When you have ownership of something, you own it. It's yours. It belongs to you.
05:19In the clip, Musk is talking about when you have shares of companies or stocks,
05:23you have parts of companies, they belong to you. Here's an example.
05:28I want 90% ownership.
05:3090%? Are you out of your mind?
05:33No, I'm not.
05:33Then that, that essentially gives you the right to allocate more capital.
05:39Capital means money. It's a common word when talking about business, finance, and investing.
05:44To allocate capital means to set aside or reserve capital for a specific purpose.
05:50For example, I always allocate 10% of my monthly income for savings.
05:56So it's, it's, there's a conflation of consumption and capital allocation.
06:02When you conflate two things, you believe they are the same by putting them in the same category.
06:07But the problem with doing this is that you end up creating confusion.
06:12Consumption is the noun for consume.
06:14Musk is saying that people usually confuse consumption and capital allocation in that
06:20if you're making an acquisition, like buying a private property, for example,
06:24you're not necessarily buying it for yourself to consume it.
06:28You may simply be allocating capital, transforming your money into a physical property,
06:32and that could potentially generate more money in the future through rent, for example.
06:38I'm sure you've been learning many nice words and expressions today, huh?
06:42But let me tell you that if you don't review this vocabulary, you will likely forget it very, very soon.
06:48If you want to be able to actually use these words you're learning today,
06:51next time you get into an English conversation, I have super exciting news to share with you today.
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07:03This is the newest feature of our RealLife English app,
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07:15Instead of having to spend a lot of time taking notes of these words,
07:19you can review all the vocabulary you're learning today on the app with just a few clicks.
07:25Plus, you get to watch this lesson inside the app,
07:28so you can transition between watching and practicing more easily.
07:33And most importantly, our app's special algorithm will present you with the vocabulary card you're learning
07:40at the exact moment you're about to forget it,
07:42so you can transfer your learning from your short-term memory to permanently remember the words.
07:48Just imagine what it would be like if you could remember all the new words from this lesson
07:53and actually use them in our conversations.
07:56Imagine how confident you would feel with your English
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08:03Imagine communicating confidently in that meeting, in that job interview,
08:07in that English test you have to take, or in that conversation with a local while traveling.
08:12So what are you waiting for?
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08:21All you need to do is download the RealLife English app and follow the instructions
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08:38Let me say Warren Buffett, for example.
08:41And to be totally frank, I'm not his biggest fan,
08:42but he does a lot of capital allocation.
08:46And he reads a lot of sort of annual reports of companies and accounting,
08:51and it's pretty boring, really.
08:53And he's trying to figure out, does Coke or Pepsi deserve more capital?
08:59I mean, it's kind of a boring job, if you ask me.
09:01But, you know, it's still a thing that's important to figure out,
09:05like which is a company deserving of more or less capital?
09:09Should that company grow or expand?
09:10Is it making products and services that are better than others or worse?
09:15And, you know, if a company is making compelling products and services,
09:19it should get more capital.
09:20And if it's not, it should get less or go out of business.
09:23Well, there's a big difference, too, between someone
09:26who's making an incredible amount of money designing and engineering
09:31fantastic products versus someone who's making an incredible amount of money
09:35by investing in companies or moving money around in the stock market
09:39or doing things along those lines.
09:41It's a different thing.
09:43And to put them all in the same category seems...
09:45It's very simple.
09:47And as you pointed out, it's an attack vector.
09:49Yeah, for sure.
09:54Let me say Warren Buffett, for example.
09:56Warren Buffett is an American billionaire investor.
10:00He is perhaps one of the most influential and famous investors of all time.
10:05And he has made most of his fortune by allocating capital
10:09or investing in companies, in stocks or shares.
10:13And to be totally frank, I'm not his biggest fan, but...
10:16When you are frank, you speak with honesty.
10:19Here's an example.
10:20I can't remember the last time that you invited me to your house for a cup of coffee.
10:26Even though my wife is godmother to your only child.
10:30But let's be frank, you never wanted my friendship.
10:35And to be totally frank, I'm not his biggest fan, but...
10:37This is a nice colloquial phrase.
10:39I'm not his biggest fan is the same as I don't like him very much.
10:44So Elon is saying that he doesn't like Warren Buffett very much.
10:47He's not his biggest fan.
10:49You can also say, I'm not a big fan of someone or something.
10:54For example, I'm not a big fan of musicals.
10:57In other words, I don't like musicals very much.
11:00Then we'll be counting and it's pretty boring, really.
11:04All right, we have the word accounting here.
11:06Notice that we have the NT combination there.
11:09Usually, especially in American English, that T goes away.
11:13So we pronounce the N instead.
11:15So instead of accounting, we hear accounting.
11:19The first A there is a schwa sound, by the way.
11:22Uh.
11:23Then we'll be counting and it's...
11:25Then we'll be counting and it's...
11:35I mean, it's kind of a boring job, if you ask me.
11:37This is a great colloquial way to give your opinion.
11:40First, you make your statement.
11:42Then you say, if you ask me.
11:44For example, this movie is pretty boring if you ask me.
11:48In other words, this movie is pretty boring, in my opinion.
11:52Here's another example.
11:53I understand, but what kind of best man would I be if I didn't offer for you to have it here?
11:57Pretty shitty one, if you ask me.
12:00You know, it's still a thing that's important to figure out,
12:02like which is a company deserving of more or less capital.
12:05When you are deserving of something, you deserve it.
12:08You've earned the right to have that.
12:11For example, since you got good grades, you are deserving of some ice cream.
12:16In other words, you deserve some ice cream.
12:19Notice that to be deserving of, I'm using deserve here as an adjective.
12:25You are deserving of something.
12:27Now, the verb itself is to deserve.
12:30So you can say, I deserve this.
12:33Or you can say, I am deserving of this.
12:37If a company is making compelling products and services, it should get more capital.
12:41If a product or service is compelling, it's fascinating and it gets people interested in it.
12:47Another example could be a compelling argument.
12:51If an argument is compelling, it is persuasive and effective.
12:57You make a compelling argument.
13:00Is that a yes?
13:03Yes.
13:05If it's not, it should get less or go out of business.
13:07If a company goes out of business, it closes or ceases to exist.
13:12Here's an example from the office.
13:14And I can't help but look at all of your wonderful, beautiful faces and think, how could they do this to us?
13:19What?
13:20How could we do what to you?
13:21It's not, never, nothing.
13:23We deserve to know.
13:24I didn't say anything.
13:26We're going out of business.
13:27What?
13:28You are kidding me.
13:29Well, there's a big difference, too, between someone who's making an incredible amount of money.
13:35First of all, we say an incredible.
13:39So the N for an is joined with the I for incredible.
13:43And then the T for amount.
13:45Remember the NT combination there?
13:48The T goes away.
13:49I pronounce the N instead.
13:51And then remember the of preposition can get reduced to a schwa sound.
13:55So amouna, amouna, putting it all together, an incredible amount of money, an incredible amount of money.
14:05An incredible amount of money, an incredible amount of money.
14:16Versus someone who's making an incredible amount of money by investing in companies or moving money around in the stock market or doing things along those lines.
14:25When you move money around, you allocate money from one place to another, like investing in something else.
14:32The stock market is the place where you can negotiate, buy and sell shares or stocks of companies.
14:37Nowadays, most of these negotiations happen online.
14:41Versus someone who's making an incredible amount of money by investing in companies or moving money around in the stock market or doing things along those lines.
14:50Along those lines means things of that nature, things like that.
14:55For example, I love movies that deal with topics like honor, courage and things along those lines.
15:02In other words, and things like that.
15:04It's a different thing.
15:06And to put them all in the same category seems it's very simple.
15:10And as you pointed out, it's an attack vector.
15:12Yeah, for sure.
15:13If you point something out in a conversation, you mention it or bring it to the discussion.
15:19And for the cost of one weather station, China gets complete access to our satellite communications and quite possibly shares them with our adversaries on the Arctic Council, who, as you pointed out, didn't exactly protest this thing in the first place.
15:33All right, great job.
15:34Now it's time for you to watch the clips again, this time without subtitles to test your listening skills.
15:41Let's see how much you can understand.
15:42And also, I'll be asking you a few questions to see if you remember some of the cool things we learned today.
15:47All right, let's get started.
15:53But do you feel like people define you by the fact that you're you're wealthy and that they define you in a pejorative way?
16:02What is a synonym for pejorative?
16:05Compulsory, derogatory, explanatory.
16:10For sure, I mean, not everyone, but, you know, there's for sure in recent years, billionaire has become a pejorative, like it's a pejorative, it's like it's like that's a bad thing, which I think doesn't make a lot of sense in most cases.
16:31So like, how does this wealth arise?
16:33It's if you organize people in a in a better way to produce products and services that are better than what existed before, and you have some ownership in that company, then that that essentially gives you the right to allocate more capital.
16:52So it's there's a conflation of consumption and capital allocation.
16:57I mean, say Warren Buffett, for example, and to be totally frank, I'm not his biggest fan, but he does like capital allocation.
17:05And he reads a lot of a lot of sort of annual reports of companies and all the accounting.
17:10And it's pretty boring, really.
17:12And he's trying to figure out is does Coke or Pepsi deserve more capital?
17:18I mean, it's kind of a boring job, if you ask me.
17:20But, you know, it's still a thing that's important to figure out, like, which is a company deserving of more or less capital?
17:28Should that company grow or expand?
17:29Is it making products and services that are better than others or worse?
17:34And, you know, should, you know, if a company is making compelling products and services, it should get more capital.
17:42Something compelling is fascinating, attention grabbing, persuasive.
17:50What is another way to say that a company closes or stops working, go into debt, go out of market, go out of business?
18:09If it's not, it should get less or go out of business.
18:11Well, there's a big difference, too, between someone who's making an incredible amount of money designing and engineering fantastic products versus someone who's making an incredible amount of money by investing in companies or moving money around the stock market or doing things along those lines.
18:30It's a different thing.
18:31And to put them all in the same category seems it's very simple.
18:35And as you pointed out, it's an attack vector.
18:38Yeah, for sure.
18:39All right.
18:40And now it's time for the comment of the day and the comment of the day.
18:43I have it right here.
18:44It comes from the lesson, Learn English with Shrek that Ethan did recently.
18:48And the comment goes, This lesson was amazing.
18:52I enjoy watching your videos.
18:53They're really fun.
18:55Your explanations are awesome and understandable.
18:58May I request a lesson with the Netflix series Carmen San Diego?
19:02I love watching the series, but I've been struggling to understand a couple of sentences, sometimes a whole episode.
19:08The vocabulary used in the series is advanced and often casual, too.
19:13So it is packed with a variety of vocabulary and concepts.
19:16I'd love to get a better understanding of this through your explanations.
19:21So this comment comes from Bessa 131.
19:24Thank you so much for the wonderful comment and also the suggestion.
19:27We will definitely take it into consideration.
19:29And now I have a question for you guys out there.
19:32Which podcasts or interviews should we create a lesson on next?
19:36Leave your suggestion here in the comment section below of a nice podcast or interview that you want us to create a lesson like this in the future.
19:44OK, I'm looking forward to seeing your suggestions.
19:47Guys, great job.
19:48You've made it until the end of the lesson.
19:50You rock.
19:51Don't forget to like this video.
19:53Share this video with a friend who's also learning English.
19:56And don't forget to subscribe to the channel in case you're not subscribed yet.
20:00And if you want to keep learning English while having a ton of fun, check out this next lesson.
20:05For your information, there's a lot more to ogres than people think.
20:09Example, example.
20:12OK, um.
20:14Ogres are like onions.
20:17They stink. Yes.
20:18No. Oh, they make you cry.
20:19No. Oh, you leave them out in the sun.
20:21They get all brown, start sprouting little white hairs.
20:24No layers.
20:26Onions have layers.
20:28Ogres have layers.
20:30Onions have layers.
20:32You get it. We both have layers.