"the following is a conversation with thomas tull founder of legendary entertainment known for producing blockbusters like batman's dark knight trilogy the hangover franchise godzilla inception jurassi..."

"in 2004 you founded legendary entertainment known for producing blockbusters like batman's dark knight trilogy that includes batman begins dark night and dark night rises the hangover franchise godzil..."

"it's hard to pull off who's the ceo of that little start-up company companies the the director who would you say kind of defines the success or the failure of a movie well when you build a big movie l..."

"after kind of convincing myself that you could actually make money if you were disciplined and had the right approach uh you know went out raised the money from the capital markets markets which was u..."

"to the to the movie business uh to to be patient and the benefit of that patient so it's long term you have to deal with fewer parties and they would do much larger investments so what what are the be..."

"mechanical i would say yeah now and again massive difference between large private equity shops who are professionalized and in the same category that i mentioned earlier uh versus private individuals..."

"or renewable resources so there's really there's no leverage in the situation right there's no if i fail at this i'll just go get more money right i'll just go i i think that's a hard way to be resili..."

"and you of course you might be wrong but if you're not wrong you have the opportunity to stand out so going through that hardship taking those big risks is going to really pay off so like discomfort i..."

"it's i mean i can't imagine having those meetings because like you have to create so much and so much of it is obviously not real you can't bring dinosaurs in a yeah uh is that where a lot of the cost..."

"whole process well um so i never made a film with jim i'm just a huge fan and got to know him um and john landau his producing partner and one of the things that just fascinates me about jim is so he ..."

"well look if you're using big effect shots and all kinds of tricks to cover over the fact that you don't have a very interesting story to tell that's where i think it gets in the way um where i think ..."

"the godfather the great pieces that move us as a society in the next 10 20 years this is going to be tv is it going to be movie is it going to be uh tick tock uh clips what is it well so i i and i thi..."

"will look like so do you think a video game kind of world or is it more movies or is it more social network or is it all the kind of blending reality and gaming and movies yeah i thought uh if you saw..."

"fight to be sure and so you know i thought that was interesting the other thing that it used to be that movies were where the big things happened and television was sort of it was small screen differe..."

"that's probably going to be the case with virtual reality there there is a lot of money needed to enable experiences like in terms of compute infrastructure there needs to be a huge amount of money th..."

"that early um you know but i i think that you're gonna see different formats i i i don't think i mean going to a theater to see a massive movie on that screen in that format i is a fundamentally diffe..."

"fabric forever and for some reason hollywood in america was you know uniquely positioned uh to do a great job with it right and not that there aren't great foreign movies but far and away american mov..."

"as a consumer look to me the whole thing is about either the moving image or even sometimes a picture will bring out an emotion a reaction something so you know short form is harder because you have l..."

"teams in spaces that did not traditionally have a lot of innovation and to have our labs group who were data scientists ai practitioners you know engineers machine learning etc and to be able to bring..."

"with the autonomous vehicles and just the automotive industry depending on the company there's old school folks it's like detroit thinking versus like uh what do you call it i don't know california th..."

"to seven years from now that's not the way capitalism is currently wired generally right and a lot of so again if you reward managers with yearly bonuses and stock options based and tied to stock pric..."

"of of just the you know the human ability uh to to innovate and to iterate um you know i i get to hang around some universities uh including your old shop mit and it's like i'm still there yeah still ..."

"especially in the engineering space like if you pay attention to the internet like twitter and all that kind of stuff intellectuals and so on there's a cynicism to when we talk about stuff but there's..."

"and we all felt the same way that you know america needed to make sure that it didn't lose its edge in that way so it's uh it's a company that invests in american high-tech manufacturing and i think t..."

"we're relying on supply chain in other countries and whether it's you know uh we're not friends anymore or a natural disaster or a virus or something pops up i think those are costs of doing business ..."

"think will enable better industrial industrial robotics it will it it will empower a better facebook a better social network a competitor to facebook that overthrows facebook so it'll it'll create bet..."

"and so one of the questions is uh which problems can you remove the human from consideration when you're trying to solve the problem so like elon musk is an example of somebody who believes autonomous..."

"there's the the labs so there's a data science component the ai component so how do they go into a company and help revolutionize that industry well there's different examples so one of our companies ..."

"there's there's no one way to do things um well echo sure is really dif uh is really interesting as an example so insurance is a fascinating space it sounds like very ripe still for disruption across ..."

"um you know i grew up poor in upstate new york with a single mom and watched her work a couple jobs and you know had to from a young age you know shovel snow and mow lawns and do all kinds of things t..."

"i don't know i'm not a psychologist so i don't know how that manifests itself in my life today but i think the grit to say i'm not in the mood to do this i don't want to do this but that's the work th..."

"because if you find yourself making decisions based on other people's expectations based on places you don't want to go but you know you're either you feel like momentum is taking you there um i think..."

"10 years like with a startup you launched a startup and you think okay one year two years three years four years pretty successful you know but it hasn't exploded like you dreamed and you have to shut..."

"doing too many things um maybe with this uh dream you have to go all in on it all those kinds of things i mean this is human experience it's complicated yes without all human things are complicated th..."

"but at the same time is measured twice and cut once um it does feel like some of the the biggest um leaps taken or where you cut once and measure later is you leap in first sure it's almost like a gut..."

"close that's where i think you say you know what the hell with it i'm doing this yeah yeah i do want to ask you about specific idea that uh sounds super fascinating that you're involved with recently ..."

"uh the right the right thing to do people are important here just like investing in people and seeing what the hell they come up with absolutely i mean you can look through history and um great things..."

"yeah you want marcus aurelius with a phd from mit [Laughter] exactly exactly um you just small tangent but you mentioned having a conversation with warren buffett you spoke really highly of him as an ..."

"you know and also his ability to take in and then use information uh it was incredibly impressive so uh i only spent the you know i'd met him before but i only spent one afternoon with him but it's yo..."

"well it certainly worked for him that's all i can say what what about what about you uh you've been uh a great investor yourself how do you know when when you judge people so i whenever i go to san fr..."

"assessment of a situation because the thing that you can count on is problems are going to happen things you didn't anticipate are going to happen how pliable are you right how much elasticity is ther..."

"what's that like playing with the rolling stones surreal just because they're my favorite band of all time um there's to me the greatest rock and roll band it's not even close of all time and you know..."

"yeah so uh so it's it's it's been amazing we got to play with them in 2019 and when they ask us to do this uh again um it's just it's just a absolute privilege i asked you this offline so i know you a..."

"relationship and you and look i i get it i've been to a ton of concerts where i'm like look can we just get to the band please but uh what's been great is just an amazing reception um and we have this..."

"it's like putting ear pods in and listening to a song and you're playing to it right it's just us playing but it protects your ears um but the the energy from the crowd when they when they get going a..."

"and each venue is different so if you if you um we went on the road with zz top a few years ago which was incredible love billy gibbons he's a texan um incredible person and guitar player but you know..."

"jagger still got it how do you know how do you explain it i i got to tell you so i mean the funny thing is whatever wherever there is excellence people want to know how'd you do it yeah right what's t..."

"even like work hard it's just like um it's like be a professional which that involves like in his case at his age with the amount of stuff you have to do on stage in the way he does it for two hours y..."

"it's cool it's a uh it's there's a playful nature to it it's uh that that's very stones like the only they can pull it off because it's like playful but it's also like dark and dangerous dangerous dan..."

"i was listening at a fairly young age to muddy waters robert johnson lightning hopkins bb king and just the soulfulness thrill is gone oh my god i mean bibi plays five notes and just kills it and the ..."

"and so i i put this band together and called it the ghost hounds because again huge robert johnson fan and that legend of robert johnson selling his soul at the crossroads in exchange for his musical ..."

"it's a great perspective to take on the present because we are in the thing that will remember we're living through the thing we'll remember and sometimes the things we'll remember is the simple stuff..."

"and the greatest storyteller you mentioned bob seeger that's that's that's an interesting one he's he doesn't he almost doesn't get enough credit i feel like for how great he is obviously he's super f..."

"in the 20th century it's like the car like it defines so much of hollywood so much of a generation of what it means to be i don't know what it means to be a man what it means to be a human in america ..."

"the guitar that is so central to the rock and roll whatever you want to call it like why is that the symbol um and i said to myself i want to ask jimmy page why he picked up the guitar because he's ji..."

"it was like yeah the guitar wasn't quite celebrated like explicitly we almost didn't acknowledge it how important it was culturally it's kind of amazing and the way it closed from the song uh the the ..."

"road right do people use like emulation do they use software is it still they do i i personally don't i i go you know i don't have many pedals i use a clon an old you know vintage klon straight into t..."

"down is pretty good from a lead perspective what's the most fun thing to play what do you what kind of stuff do you do like slow do you like i mean if you feel like thrill is gone there's uh so if you..."

"but not like that right i mean it's in gilmore is certainly one of those guys that's incredible guitar player and yet another chapter of an amazing life you love football like you meant you you play f..."

"has all the elements of a great sport it's the teamwork it's the sort of the combat aspect of it it's like it's the purity of it it's uh of like strength and power and speed and all the elements of li..."

"all the other experience you have in business i i think the hardest thing about professional sports right now it's individuals getting paid money to to play a sport which is different than it's certai..."

"like and you see that most like doing kovitz for example when there's so much desperation so many people losing a job so many people having to deal with the uncertainty what the future holds that's ri..."

"often it happens like how the the the slipping into unethical behavior happens it's a slippery slope of little adjustments you put stuff off and that that i found that to be uh i've been fortunate to ..."

"and understanding and standing on great thinker shoulders and learning from uh from from those works and then i also think that you know there's there's resiliency and then there's grit and i i heard ..."

"get to the end of the podcast but there are times especially when i'm out west uh i love the big sky out in you know montana idaho places like that yeah when you look up at night it's almost like i've..."

"really thought provoking to me and and rings a lot of it rings just hits me and says i think that's right and that moment momento mori thing which is hey we're all gonna die so you should contemplate ..."