meta_pixel
Tapesearch Logo
Log in
The James Altucher Show

561 - How to Supplement your Income with Money Betting FOR or AGAINST Trump with PredictIt.Org Co-FounderJohn Phillips

The James Altucher Show

James Altucher

Business, Education

4.6 • 2.7K Ratings

🗓️ 17 March 2020

⏱️ 96 minutes

🧾️ Download transcript

Summary

Everyone believes their own opinion. Fact based. Or not. We're all (somehow) political "experts." But the truth no one really knows anything. It's all speculation. But you put your opinion to the test if you get skin in the game. Which is possible now thanks to John Phillips who co-founded the site PredictIt.org. I go on there to place bets on everything from how many tweets Trump is going to make on a particular day or around a specific news event to who will win the primary. And who will win the election. The site is great because it lets you see how right you really are. And you can make real wealth if you're right. It's not just betting. It's more like a stock market. You want to buy low. And sell high. So I asked John on the podcast if he's ever seen people make $50,000 on the site. He didn't flinch, "Oh yeah. People have quit their jobs." I want to help people understand what's happening in the world right now. We're all scared. But we don't have to be. Let's get the information. And go from there. I called up John Hopkin's Dr. Marty Makary to get straight information on coronavirus. He answered all my questions (many of which I get from you). So give it a listen. And you'll start to feel (hopefully) more calm and capable. Here are the links Apple Podcasts: https://podcasts.apple.com/us/podcast/the-james-altucher-show/id794030859 Spotify: https://open.spotify.com/show/0Tqw1AaZyrZ7kWnrNSgbNQ YouTube: https://www.youtube.com/watch?v=ZVwj3odtZ4Y Also! A lot of you have been writing me and tweeting to say you love this episode with my friend Bill Beteet. Ep. 555 - How to Persuade Anyone of Anything with William Beteet III He's giving my listeners a special deal to his new course and if you're stuck at home in isolation, now is the perfect time to let yourself learn or improve a skill. So definitely take him up on the offer while you can. All the information is at www.framescholar.com/james And here's the link to the episode Apple Podcasts: https://podcasts.apple.com/us/podcast/555-how-to-persuade-anyone-anything-william-beteet/id794030859?i=1000467302479 Spotify: https://open.spotify.com/episode/1Ko04h3dTu4xQAIPLUT4vz YouTube: https://www.youtube.com/watch?v=u925CgWQgG4 I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

This isn't your average business podcast and he's not your average host.

0:06.4

This is the James Altiger Show.

0:10.0

Today on the James Altiger Show.

0:15.6

When you have skin in the game, it clears your head.

0:18.6

And I don't care if it's $1,000 or it's $10.

0:21.6

You put even the smallest bit of money on an event occurring or not occurring.

0:27.0

You suddenly pay a lot of attention.

0:29.4

You're laser focused.

0:30.6

It's so fascinating.

0:31.8

It is.

0:32.4

Look, the thing people are trying to discover more or less is what makes a super

0:38.2

forecaster.

0:39.4

And it can you teach those skills or habits.

0:43.2

And then the other piece of it is defining a super forecaster.

0:46.2

You don't need to pick ahead of the event in order to make a killing in the stock market.

0:52.2

If you know six minutes in advance that something's going to happen, that is coin of the

0:57.8

realm.

0:58.8

That is hugely valuable.

0:59.8

What's the most you've seen someone make on predicted?

1:02.0

Like, as anyone pulled out like $50,000 that are predicted?

1:05.0

Oh, yeah.

1:06.0

Even though $1,000 is the max you could put in.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from James Altucher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of James Altucher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.