There was, there were, and then the Pier has a history of, of gambling going on the Pier and off of the Pier. There was a, I detail in the book, a story of a man who was caught playing craps with loaded dice and was thrown off the side of the Pier. Even more notorious than that was, of course, the gambling ships. There were gambling ships out at the Bay that water taxis would take you from the Pier to the, to these ships to,
After decades of legal study and 25 years of service as one of America's top Judges, he's been fully briefed. meet at the craps table.
Restaurant looking around your like all right, fitting right in, this is a fantastic. It's like being at a craps table in Las Vegas. I don't know if any of you play craps but if you go there and you're under 60 you're always the youngest guy there. It is awesome. You'll feel fantastic. So I realized that my snobbery had really changed considerably, and so I thought the book was going to reflect that. So before I open up for questions I have a couple readings in here. They're good ones.
to the oil that is left and I would argue in the same time block our ability a total crapshoot it is incredibly expensive it is very hard to predict where the oil is located but it's very
She's like it's so nice that you guys are never saying that. But the kids it's just a-- --crapshoot.
like they're not safe at home. The family member who lives farthest away flies into town and craps all over the plan.
Actually, it's not that weird 'cause now I kinda have this whole new impression of what NBA players drink. I was in Vegas about two years ago playing blackja-playing craps ,'cause I'm not allowed to play blackjack anymore. And Jalen Rose, who played in the NBA for about 56 different teams, comes up to me and we start talking. And it turns out the two of us had a lot of common friends 'cause he was trying to get into sports media and I was in sports media
development are initiated in a company, only about 15% to 25% of them will become financially successful. And it's broadly viewed that innovation is a crapshoot. The more projects you launch, the more success you'll be.
The VCs are a little different. There, it's more of a crapshoot. You're dealing with younger companies.
The more projects you launch, the more success you'll be. But in its end, it's a crapshoot. And what we've concluded is that it's not true.
don't have Santa Claus. They have this flying log that the kids have to hit with sticks and then it craps out their presents. And this was the first time I didn't use a punchline because it was like, I couldn't think of anything that was possibly more ridiculous than this idea, that it
And he also has, see there's Clover Field up there. There's the Venice oil fields, Sunset Pier and he has the, my father happened to be a craps dealer on a gambling boat. They used to take these ships and put them off the coast outside of jurisdiction of the law and they would gamble out there, so my father was a craps dealer there. So, that's not the
was out $4000 now and down $2000 for the night and we no longer had any money to spend at the club. But no worries. Anyways. So the point is that roulette every spin is independent and the same thing is true of craps . Right, every roll of the dice is independent. But, in blackjack, if I take all four aces out of a deck of cards, hand you that deck of cards, what do you think the chances of you dealing yourself blackjack are?
package I'm assuming it's now going to pass the house representatives all I had to do was 12 photos and they don't get it passionately it's going to asked we're not out of the woods then I mean nobody's in craps you nobody knows that
And Mongols are easier. But there's something, if you do it right-- and that's a bit of a crapshoot-- but if you do it right, there's something really satisfying about somebody saying, yeah, we got something really positive out of that.
I knew my dad was smart. And you start investigating, you see that the casino keeps 15% of the take on blackjack, and 1-1/2% on craps , about the same on blackjack.
Pier and he has the, my father happened to be a craps dealer on a gambling boat. They used to take these ships and put them off the coast outside of jurisdiction of the law and they would gamble out there, so my father was a craps dealer there. So, that's not the one he was one, but in this, this guy who did the map included them. This one here, I think, is the quintessence of the Southern California good life. You have all the flora
what I mean, like being at a concert looking around and being like oh my god, everyone here is 23 years old. Restaurant looking around your like all right, fitting right in, this is a fantastic. It's like being at a craps table in Las Vegas. I don't know if any of you play craps but if you go there and you're under 60 you're always the youngest guy there. It is awesome. You'll feel fantastic. So I realized
And what made it home? And it's a really important skill on "Jeopardy." And it's as far as I can tell, it's kind of a crapshoot.