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Mark Shapiro
During college, I started buying real estate and I started making money. Money equates with success and then feed your ego. I started getting custom suits and had nice stuff and they built a nice house and bought a G4. I was an asshole until I got kicked in the face.
Interviewer
All right, guys, we are here in Miami with Mark Shapiro at his beautiful office, just lost in ping pong to one of your employees. Thanks for having me, though.
Mark Shapiro
You know what? That's. He can't win. He can't beat anybod. And he beat you.
Sponsor/Ad Voice
That's a bad sign.
Mark Shapiro
We're going to have to put that up on the. No, you get a rematch after this.
Interviewer
Yeah, we'll have to rematch.
Mark Shapiro
Yeah.
Interviewer
To be fair, I asked who the best one here is and he stepped up, so I thought he was good.
Mark Shapiro
No, I'm pretty good. Adrian, you are pretty average. Damn.
Interviewer
So that means you're nice.
Mark Shapiro
No, no, but I can. I can play tennis.
Interviewer
A lot of similarities, right?
Mark Shapiro
Yeah.
Interviewer
You play in a lot of sports these days. Are you taking. Taking it easy?
Mark Shapiro
I have decided that I'm going to get back into tennis heavily. I was playing pickleball a lot and then I backed off because I had a little tweak in my leg. And then now I've been going back and playing. Playing more. The pickleball courts in Miami beach are a little weird because there are a lot of little clicks there. Even though you can just put your paddle in and get a game like that. That's the difference between tennis and pickleball. You have to have a set game at Flamingo park on the beach, and then you get a. You know, you'll play all the time. You can't just go there and play pick up tennis.
Interviewer
Really.
Mark Shapiro
It's very different. Yeah.
Interviewer
Interesting. A lot of politics involved.
Mark Shapiro
Sounds like it's just people coordinate. Okay. And I would rather play tennis because I really like to run. And I still can run at almost 65, so that's impressive, man. Well done.
Interviewer
I know you used to play football.
Mark Shapiro
I did, I did, yeah. Yeah. And you don't really get that much slower when you get older. Eat a little slower, but you can still move.
Interviewer
Yeah. Pickleball is cool, but I like feeling like I'm working out, you know? I don't feel that way after pickleball.
Mark Shapiro
It gets hot in Vegas. Like it gets here.
Interviewer
Yeah.
Mark Shapiro
So obviously you get. You get a sweat, but it's not like you've actually ran or done something. It's just quick bursts of movements. So that's what Slow switch or fast twitch?
Interviewer
I think that's slow. Fast twitch is sprinting.
Mark Shapiro
Okay, so. So those little movements, I don't know how much you actually expend in the way of energy. I really don't.
Interviewer
You spend a lot of time on real estate these days too.
Mark Shapiro
Since we started Shapiro Capital, I have been totally engrossed in growing out our students successes and we did. Last year we did two real estate deals personally and we will continue to do those. We have our very set metric of what we do. We don't buy a deal unless we're buying it as an off market deal. We won't pay retail. It's philosophically a problem that I have. And we're going to continue to see much more opportunities. We'll see more opportunities here. Vegas. The market has to come unglued.
Interviewer
So you're optimistic? Yeah, yeah. I had a guest come on recently went viral. He said the market. Real estate's gonna crash.
Mark Shapiro
I agree with you.
Interviewer
See that?
Mark Shapiro
Who is that?
Interviewer
Chad Peterson.
Mark Shapiro
Show him. What does he look like?
Interviewer
Middle aged man, brown hair. No way was it? I have so many guests. Bald? Yeah. Bald, yeah.
Mark Shapiro
Do I know him? Chad Peterson.
Sponsor/Ad Voice
Probably not. He's a new.
Interviewer
You only react to like the bigger dogs.
Mark Shapiro
You know, it's funny because I don't know who I'm reacting to. And then I'm reacting to this one guy, the guy that buries himself in the box.
Interviewer
Buries himself in the box.
Mark Shapiro
Right. He buried himself in a box.
Interviewer
Was that Mr. Beast or. No, I don't remember that.
Mark Shapiro
Is that Mr. Beast? It's a kid. He's a kid. It's a kid. Yeah. He buried himself in a box.
Interviewer
You guys give him so much content,
Mark Shapiro
they don't even remember them. I. The first video I did with Christian, which was Grant and I reacted to it and that video just that day, it blew up. Yeah, the day he dropped it. He did. We did it by a pool. He did the edit. He dropped it. And I was getting ready to come back for Shabbat. So on Shabbat, which is Friday night at sundown to Saturday night, 25 hours later. So it's an hour after Saturday night. Shut up. I turn my phone off. Okay? Just connect with God with Hashem. Chris goes. When you turn your phone back on, you're gonna have a million views on it. And what did we have? Nice.
Interviewer
Was that the one where he said a home is a terrible investment?
Mark Shapiro
No, he said that you should be ashamed of yourself if you make 400,000.
Interviewer
Oh, that one. That was a good one, too.
Mark Shapiro
And my focus was that, what about the teachers that are shaping our whole world? What about all the civil engineers? Okay, that make everything go? What about the fire department, the police department, people. I'm not going to say people at motor vehicle, because it can be pretty frustrating going to motor vehicle, but all the people that build out the infrastructure in our society are very undercompensated and also underappreciated. So I took to that. And we recently just made up, he and I. Oh, really? Because we know each other. We made up when we were in California. He came over and Glenn Stern was there. I think Glenn did undercover billionaire. And I had never met him. Met him. Tai Lopez was there, and Grant came over. Glenn called him. And a minute. I came back in the room, in the green room, he came over, he goes, mark, let's talk. And I'm like, all right. And he said, look, we shouldn't be fighting with each other. And I said, you're right. And I said, if I took any shots at your wife and your kids, which I didn't, I would apologize for that. I said, you and I don't see the same way, but I don't want to have a beef with you. So as a gentleman, I'm sorry if I offended you. And he said, look, we don't need to agree on stuff, but we sure need to stick together because this is a really weird space. It's very different than real estate. This is much harder than real estate. Social media is so much harder than real estate. Real estate is data. Understand the data, take the data and build out your model, and then decide if that's something that meets your investment return criteria, then go acquire it and then operate it and execute on it. So it's super linear business. Social media is not a linear business.
Interviewer
Not at all.
Mark Shapiro
It's, like, all over the place. It's up and down, and it's just weird business.
Interviewer
Yeah. It's easy to fall in too much into it, too. When you're chasing views, you kind of lose yourself a little bit sometimes, you know?
Mark Shapiro
Yeah. I don't think the views translate to dollars.
Interviewer
No. I know so many people with views with followers that are broke. It doesn't directly translate. You have to make additional efforts and really cultivate your audience.
Mark Shapiro
Yes. Yeah, we changed. I don't know if you. Look, do you watch any of our stuff that we do?
Interviewer
Yeah, your stuff pops up a good amount on my feed. Your reaction videos, you're really good at those.
Mark Shapiro
So we are doing, I believe Only one reaction a day. More motivation and. And because I didn't really realize that I could actually motivate people. And more long form giveaway content so people actually understand the basics, the complicated side of real estate. And I don't know how it took us so long. We just on YouTube hit 5 million subscribers and not 5,5000. Correct at 5000.
Interviewer
A big difference.
Mark Shapiro
5000. 5000.
Interviewer
But still actually the first 5 10k on YouTube is the hardest. They said.
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Mark Shapiro
crazy because I have three adult daughters from my first marriage and they have a channel called Sister Snacking and they eat food and I think they have 40 something thousand subscribers on YouTube and they're all over the place.
Interviewer
Yeah.
Mark Shapiro
And I'm always like, how do you guys not get fat? They're like, dad, we just take a bite of this shit.
Interviewer
That's a hot genre, the mukbang stuff or whatever it's called. People just eating on camera.
Mark Shapiro
Yeah. And it's cool because their mom Susie and myself, I love to cook. She loved to cook. And Madison, who's our middle daughter, Madison really took to cooking. She started with desserts and then she really. And so she'll cook. They've done a, a cookbook and then they that this year they made Forbes 30 for 30.
Interviewer
Nice. So that's been on my bucket list. I only got two years left.
Mark Shapiro
You're not on 30 for 30.
Interviewer
Not yet. Up in China. Every year since 22, 23.
Mark Shapiro
How do you get on 30 for 30? What is the definition of it?
Interviewer
I don't know, but you have to be under 30 and you have to be doing things. And there's different categories. So I want to do the. Either the business one or like the social media one. But Yeah, I got two more years left, man. So we'll see.
Mark Shapiro
It's 24 months.
Interviewer
Yeah. Did you make the. There's different ones. There's like 50 under 50. There's 4,040.
Mark Shapiro
Have you ever done any of that? Back when I was really young, I made the developer of. Of the year before I was 30. Just pure, pure luck. And it has nothing to do with your success. It has to do with somebody putting you in. In the right place in front of the right people. Yeah. Now, I don't know Forbes, you know, if that is very different.
Interviewer
So, yeah, community is important. Right. Networking and connections.
Mark Shapiro
Yeah.
Interviewer
You've done well with that.
Mark Shapiro
Yeah. Well, that's what real estate is. It's all relationships. Real estate is when your deals are going great, you got to be with your lenders all the time. And when deals are going bad, you got to be with your lenders all the time. And if any real estate developer, from the greatest developers to the biggest developers in the world, take Silverstein Properties. So Larry Silverstein, who owned the twin towers, he bought them or he bought the lease two weeks before. Got hit. Damn.
Interviewer
Hopefully he got insurance.
Mark Shapiro
He got a double insurance. Wow. Yeah, he. Two. Two claims. They litigated and litigated. Litigated. And they settled the first, and then they settled under a confidentiality agreement on the second. So I don't know if he got the whole thing, but obviously he rebuilt that whole place. And it's pretty amazing if you've been there.
Interviewer
Yeah.
Mark Shapiro
Then you've got the guy that owns the Dolphins, Steve Ross. He's one of the bigger developers in the world. And every one of these guys has had hard times because you just. You go through it.
Interviewer
Yeah.
Mark Shapiro
And that's. That's really more. That's more. Defining moment in your life is difficulties.
Interviewer
All of you guys during the pandemic, I bet, got really hit. Right.
Mark Shapiro
The great financial crisis.
Interviewer
Couldn't build, couldn't do anything hit. And the interest rates too. Right on top of that.
Mark Shapiro
Mm. And the best thing is I always say this, that if you owe bank $10 million, you're a borrower. When you Owe them a hundred million. You're their partner. Mmm. And they're never gonna let you fail. They may take their pound of flesh, but they're going to help you to maintain where you are. They're going to help you to get out of your own way and they're going to keep you working because they do not want to own the property. That's the last thing a lender wants.
Interviewer
That's what Trump was doing with his casinos.
Mark Shapiro
Right. Trump is either you love him or hate him. I love him either. You know, I don't agree with everything he says. But from a business standpoint, when he took the casinos through bankruptcy twice. Bankruptcy is a finance tool. That's all it is. People look at it as a negative tool or look at it with a negative connotation. But bankruptcy is a technique in financing deals. So when we buy a note on a bad deal, we buy the debt. The debt we put into an spe, which is a single purpose entity. We then put another, smaller asset in it, because you need two assets in a single purpose entity to get what's called a cram down, which is to take the debt and cram it down to a smaller amount. Otherwise the court won't recognize it. They'll look at it as a single asset entity and they'll just discharge it. When you have two in there, then they look at it as a workable entity. And then we go through the process of, okay, the building is worth 100 million, but there's 200 million in debt and it can carry 75. And the court will help us to shave that down to the 75.
Interviewer
Wow.
Mark Shapiro
And it's through that process that gives you the lift where you bought the note. And that's the biggest upside on the deal. And the deal could be worth 200 million, but currently it's not until the debt's recast.
Interviewer
That is interesting.
Mark Shapiro
Wow. That's how all the big developers, that's how you make money. Either you do these new construction, all this crap you see, and you pre sell it, and then you use the deposits to build it, because you can use the deposits here for hard construction cost, or you go out and you learn how to buy debt.
Interviewer
And that's, that's the strategy you followed.
Mark Shapiro
I think the biggest deal I ever did, which was a 6,000 unit portfolio in Texas, we bought all the debt. Wow. Okay. And I had a hedge fund out of Greenwich called Contrarian that worked with us. And that deal was 16 different assets, all multifamily, all over the state in all different places, all different levels of performance. And we were able to give two of the properties back right away to the lender because we didn't want them. And then we were able to renegotiate on four of the deals that had debt with a housing authority. And we actually walked in with our whole team with all the key boxes. It was more metaphoric to do it. Okay, put them on their desk, big ass conference. And we said, we're out. We have no liability. They're your properties. And as we started to walk, their general counsel said, you guys want lunch? And the lunch turned into negotiation, turned into fresh capital, turned into stabilizing the deals, and turned into some money.
Interviewer
Wow, I love negotiation. So that story is really cool.
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Mark Shapiro
be ready to blow the frickin thing up. Scorched earth.
Interviewer
You got to be willing to walk away, right in any deal you're in.
Mark Shapiro
Yeah, yeah, absolutely.
Interviewer
If you want to negotiate from a
Mark Shapiro
good position of strength. Oh yeah, yeah.
Interviewer
Because I think some people are a little too desperate and you could sense it off them sometimes. Yeah, you can spot it quick to be honest on people.
Mark Shapiro
You know, it's funny, that's one of the things that we teach our, our students who have, they don't have any, any experience, they have very limited capital and they have very limited credit. We help them get the credit, we help them get the capital and then we take them through the process and we remind them that if the deal doesn't work if it doesn't fit our box. Next deal if it doesn't fit, Next deal. And we use the analogy that deals are like buses that come along every five minutes and they do over and over and over again. You just have to be a disciplined investor. Warren Buffett, who was the guy that. What is it? Prudent investor. Who wrote that book? Benjamin Graham. Intelligent investor. Benjamin Graham. Yeah. So Benjamin Graham wrote this book and this is who Warren Buffett modeled his philosophy after. And he is. Graham said that you have to decide what your return is and you model your deal to get that return. Okay. And then you stay focused. And that is with tunnel vision. That's all you do. Now, his book was, I think a thousand pages, but that was the essence of the book. I read it back in college.
Interviewer
Well, now we got ChatGPT to summarize it.
Mark Shapiro
I just actually downloaded that on my iPad.
Interviewer
Oh, you just got it right now? I did. I've been using it for a while. It's a game changer, man.
Mark Shapiro
Yeah, yeah.
Interviewer
It does definitely summarize books, summarize podcasts, all sorts of stuff.
Mark Shapiro
Yeah, yeah.
Interviewer
AI is here.
Mark Shapiro
Oh, yeah. Absolutely. To stay. It's real. Yeah. And it's going to take over every aspect. I don't even understand how. I get in my car and it tells me work is 14 minutes away. And then it tells me this little place I like to go on the beach, Porta Sagua, and get eggs and coffee. Con leche and Cuban toast. It says Portissagua. Okay. Or I go one way and I'm heading to crunch, to the gym. I don't even know how it knows that.
Interviewer
Crazy.
Mark Shapiro
I'm a creature of habit. It knows where I'm driving. It's crazy.
Interviewer
They're going to be driving you soon. There's self driving cars popping up everywhere.
Mark Shapiro
I think so, yeah.
Interviewer
They just got to Vegas. Crazy, man.
Mark Shapiro
They're all over California.
Interviewer
Yeah, bro.
Mark Shapiro
California. I don't know who it was. We were chasing after a car. Oh, you were there? No, no. When we were at mega success. Weird. Rob. I don't write Rob. Rob. That car is driving itself. He's like, no way. He's like, no, there's somebody in it. I'm like, no, there's nobody in it. It's driving itself. There's somebody in the backseat. He finally got over there. He goes, this is fucking crazy. Yeah.
Interviewer
The Waymo, right? Yeah. Tesla's are gonna be doing it next.
Mark Shapiro
Yeah. What are they? I think the Jaguars. Is that what they're using.
Interviewer
I don't know. They're struggling right now because Elon got too involved in politics.
Mark Shapiro
Really? Yeah. Oh, Elon owns it.
Interviewer
Tesla.
Mark Shapiro
Well, Waymo.
Interviewer
Oh, Waymo. I'm not sure. I'm not sure who owns that one,
Mark Shapiro
but it's way more Uber.
Interviewer
No, but Uber is going to be heading towards self driving cars, so a lot of Uber and Lyft drivers are going to be out of business.
Mark Shapiro
That's terrible.
Interviewer
Yeah. AI is going to replace a lot of jobs. So you need a high income skill these days, you know, doing what you do. Maybe doing podcasts, whatever it is. People got to get ready for this.
Mark Shapiro
It's scary how quick.
Interviewer
Dude, it's evolving so fast. Like I'd say three years.
Mark Shapiro
Wow.
Interviewer
In most major cities. Yeah. Because it's cheaper. People want to save money and it's easy. Yeah.
Mark Shapiro
Yeah. We actually took a. We were out on a friend's boat yesterday. The ship actually loved the tender. That was. That tender was sick. It came, came to pick us up and then we're like, no, no, you guys leave. We'll. We're taking the boat for another few hours. And we fired up some cigars. We had a little tequila on the stern and wow, what a. What a nice day.
Interviewer
That's a good part about Miami.
Mark Shapiro
Yeah.
Interviewer
You could do that whenever you want. I know we got no water in Vegas.
Mark Shapiro
Well, you got to come to Miami more.
Interviewer
I know. I'll be here for art. Basil, that's overrated. You think so?
Mark Shapiro
Yeah, but there's hot chicks there. But they're all looking for guys.
Interviewer
I'm talking about chicks a lot.
Mark Shapiro
You're funny, bro. How many chicks did I pick up yesterday? This is the crazy thing. So there's an adorable little girl on the. Working as a mate on the. On the boat. Venezuelan girl. And she caught my eye and I said, what's your name? And she goes, my name is Gabriella. And I'm like, oh, my God. Because my marriage of three weeks was married to evil Gabriella. Pure unadulterated evil.
Interviewer
How long were you dating before the marriage?
Mark Shapiro
We were together close to about two years. Couldn't have been more perfect for me. I thought she was beautiful. I still think she's a beautiful looking girl. Okay. Ecuadorian. And as I was explaining, making aliyah. So she was Israeli and she went through a conversion to Judaism. But when the time came for my rabbi to marry us, he wouldn't marry us because he said the conversion wasn't kosher. That should have been the first red flag and she's like, well, let's get married at the justice of the Peace. I got it. Okay. I was like, totally never felt this way. If you've ever really truly been totally head over heels in love with somebody. Never felt this way. Didn't feel this way for my first wife. Didn't feel this way for my baby mama. My second, My fourth daughter, Isabella, her mom, who's a great lady. Okay. And smoking hot. If you saw Isabella, her mother's. They're spitting image of each other. Polish, blonde hair, blue eyes. But I meet this girl at a real estate conference here. It's called the Real Deal. Everybody does it. We went this year and we literally got attacked. And we couldn't actually move because everybody wanted to film with us, ask us questions. It was actually really cool. Okay. I really actually. I'm starting to get used to people recognizing. Yeah, you get recognized everywhere more and more.
Interviewer
It's cool to see that the Internet content actually leads to something because you see all these numbers on a screen and you never know how that translates in real life.
Mark Shapiro
How about going into a restaurant and it's full and you get a table?
Sponsor/Ad Voice
Yeah.
Interviewer
There's perks to it.
Mark Shapiro
Yeah, yeah, yeah. We did that in Vegas at Carbones. And we were at the multifamily conference at Aria, which is every year. Same there, two days, all apartments. And Carbones is getting ready to open and it's packed, it's booked out. Walked in, I think we had a table for 8, 10. Best table in the house. Shapiro. Here you go. No, no, right in the middle of the restaurant.
Interviewer
Oh, nice.
Mark Shapiro
Yeah. And food was good.
Interviewer
Yeah, it's good there. Social currency, man. It's a real thing.
Mark Shapiro
Yeah, yeah, yeah. Never, never pulled that. I actually, the other day, I was trying to. I'm always talking about girls. I was taking this really hot Venezuelan girl out and there's a new restaurant on the beach, Miami Beach Chinese restaurant. And it's like a three week wait. So I just parked my car and walked in and the girl was standing behind there. And then there was another girl and she looked up and she goes, I follow you. And I'm like, what's your name? And she's like, I'm Ray. I'm the manager. I'm like, I know you guys are booked, but is there any way I can get a table? She said, come into the restaurant and tell me where you want to sit. Wow. And prime. Eight o' clock on a Thursday night. And I had a great time with this girl. But going back, I Meet this girl at what's called the Real Deal. I see her across the room and I'm looking at her and she said something. Do you know me? She's probably 12ft away. I'm like, no, but here's my phone. I would love to have coffee with you.
Interviewer
That was your first thing you said to her?
Mark Shapiro
Yeah. And she took the phone and she put her number in.
Interviewer
You're very direct.
Mark Shapiro
I did that yesterday with the other Gabrielle. So it's easy. What are they gonna say? No? What's the worst thing that could happen?
Interviewer
You got the confidence and the reputation.
Mark Shapiro
No, just ask. You gotta ask for the order, right? You can't sell something if you don't say, are you ready to buy? So we start dating. Phenomenal girl. Works in the mortgage business. Everything in common Comes to Shabbos with me. Just sweet, kind. Although Adrian told me yesterday he knew the first time he met her, she was evil.
Interviewer
Wow. First time. We'll give it away.
Mark Shapiro
Have the fucking ball. Tell me. No, it's not that intuition thing.
Interviewer
Yeah.
Mark Shapiro
When you pick it up.
Interviewer
But then that's subconscious. Yeah. Some people are really. Yeah. Sensitive to energies. And usually it's woman. So I'm surprised he was able to do it. But my girl's never wrong about people.
Mark Shapiro
Really?
Interviewer
Yeah. Females have that in that instinct.
Mark Shapiro
And she used to pretend that she had this intuition. So she becomes the exact woman that I want, that I'm drawn to. And I move her in. I move in a month later. Her 14 year old.
Interviewer
Oh.
Mark Shapiro
Who we enrolled in. In school. Crazy kid. She's a good kid. I still have a relationship with her. I'm trying to guide her to not be manipulated by her mom again. And all these crazy machinations go on. Get married on the 12th. She wants me to fire Adrian on the 14th. That was a Friday. Because I went to go to Corgables with Isabella over the dumbest thing. She started to become power hungry because I had her in here working. Every single person hated her. Whether you met her, you hated her. Okay? And I couldn't sit. Maybe because the sex was so good. Maybe because she fucking could suck the chrome off of a fucking bumper. I don't know. I really don't know what it was. You can edit that. Okay? That's disrespectful. Maybe the sex was so good. Yeah. So fast forward. She becomes super abusive. Physically abusive. And I know because we went out and we had a five day speaking engagement in California. And she was just doing crazy things. She was. I had to go Pick her up one night drunk, at a place called Javier's in Central City to go pick her up there. I think she was faking everything. Everything eventually was a lie. So when I say everything eventually was a lie, every single aspect of her whole life was a lie.
Interviewer
Wow.
Mark Shapiro
She created this fabrication. She has multiple personalities. The easy side is she's a covert narcissist, but she's a sociopath. And she will do whatever she needs to do to get whatever she wants and tell you what it is. Off camera. The deviant behavior was insane. Then I started talking to her first husband, okay. Who Married her at 19. Met her in Canada. She was in boarding school in Canada. Comes from a wealthy family in Ecuador. He moved her to Canada. They had a child. Excuse me. Moved her to Israel. They had a child. And after the child was 18 months old, she kidnapped a child and took the child to Ecuador. Now, during that period of time, she bit the head off a snake because she was practicing witchcraft. She tortured a dog, okay? And I'm like, don't tell me anymore. I don't want to know this. And he said that she's the most evil person he's ever come in contact with. So now there's two, okay. Then there's a third. A guy, and he's like, here's another guy's number that she blackmailed, got pregnant and tried to blackmail him. Or she was going to go to his wife and had an abortion, okay? And it is systematic what she does. She does the same thing over and over again. Now, it got a little crazier for us here because I gave her everything she wanted because I. That's what you love somebody, you want them to be happy. You know, I didn't want her to work. I'm like, you know, just go work on yourself. Go train, go learn how to play tennis, do whatever you want to do, get your hair done, look great, go shopping. She's like, no, I want to work. And she did work hard during that period of about a year and a half when we were together, prior to us getting engaged, prior to us getting married. What ends up happening from California is she gets into it with my security team. My security guy, his name is Frank Mason. And he tells me that she tried to contract him to kill three people. Whoa. One's a public figure, one is the 14 year old's father. His name is also Mark K. Mark Miller. And he had to file a police report. Turns over to the FBI. FBI actually came the day after she fled the country. And she mocked the FBI and she fled the country to Canada. And then she's been kind of mocking everybody, but every single thing from her hair is extensions. Her jewelry is fake. The only thing that she has that's real are the things that I bought are shoes or purses. Every single thing about her is fake. Wow. And she has a social media presence and she's out there now trolling for another guy. Okay. But it got worse. I went through her medical records. Herpes. Oh, thank God. I tested positive. I mean, negative, negative, negative. Thank God.
Interviewer
That's gonna get clipped up.
Mark Shapiro
Thank God. Okay. All right. And then the stuff that she did to the kids. And I've apologized to both of them. I didn't know the 23 year old, but the 14 year old, she would go in her room and beat her. Okay? The only time I ever saw this happen is I came home one day, I come in the front door and I'm walking in and there is a vase all over the floor with flowers all over the floor. She has her knee on her and she has a pen to her neck. Little girl's name is Ziva. Okay? And then I was like. And I pushed her off. And of course she got bruised. And she's like, I'm taking pictures of that. I'm like, okay, you shouldn't be attacking your kid. I said, you want me to call the police right now? I'll call protective services. She's like, no, these are all the red flags that I overlooked. And the best thing is, so she goes to Canada, then she goes to Israel, and now she's in Dubai pretending that she is a big real estate executive. She couldn't sell a dog house, okay? And everything out of her mouth is stupid. Okay? And what she's doing is she's trying to find another guy. And I guess she's no different than a hooker. But crazy thing is, the schmuck over here and you have to clip that out. I fell in love with her and I didn't listen to anybody. So don't let that happen to you. Wow. Is there any warning signs that is
Interviewer
crazy sex was that good, huh?
Mark Shapiro
Bro, didn't you know that? That narcissistic people are nymphomaniacs? Mmm.
Interviewer
I could see that. I've heard that the horniest people are like the top CEOs and stuff. High sex drive, great.
Mark Shapiro
Crazy, crazy, you know? And my thing still works, so I'm okay. But.
Interviewer
And that didn't deter you from dating after that.
Mark Shapiro
No way. The best way to forget somebody is
Interviewer
to go have fun because you're in Miami. I heard it's a tough dating market out here.
Mark Shapiro
Best way. Mildred did respond already. Nice.
Interviewer
That's a girl from yesterday.
Mark Shapiro
No, it's another girl, my man. It was another girl.
Interviewer
You out here flayin'?
Mark Shapiro
No, I. You know, I like women's company, I think better. Okay? Because they smell good. They're softer, they're easier. I don't mean they're easier. They can be more high maintenance. I have a ton of guy friends that I've been friends with since I was a kid. Like my boy Smitty. We've been friends since we were eight. Or my buddy Dan. And this is a crazy thing. This guy's worth a few billion dollars. I have a bunch of friends. So Jersey, Newark, Rutgers, you know the IDT building.
Interviewer
Yeah.
Mark Shapiro
Okay, so it's right in front of where Rutgers is, where the train comes by. I love that little street. There's a kosher place I used to go to. They get swarma.
Interviewer
Yeah, I know what you're talking about.
Mark Shapiro
So one of my best friends is Howard Jonas, who owns IDT now. He lives in Israel. But the. The funny thing is I told him all this, you know, and he's like, okay, so you picked a bad one. Now you'll pick a good one, you know? So my friend Dan calls me. We're here the other night, and he's like, my fiance is at the one hotel. I'm like, okay, that's good. It's a cool place. He's like, no, no, no. She's there and she's using the AMEX card. And she told me she's with some girlfriends. And I'm like, okay, so she's with girlfriends. And he's like, no, I don't think so, because he already caught her once. And he's like, can you run over there? I said, sure, as soon as I finish over here. The one's like a 15 minute drive. So we go over there. I actually brought Pablo with me. And I walk in and immediately the greeter, his name was Byron. He's like, man, I follow your stuff. I'm like, thank you so much. Would you like to take a picture? Because that's kind of, you know. And he's like, yeah. And I'm like, can I show you a picture of this woman? And hold on, see if I.
Interviewer
We could have the editors throw it up too.
Mark Shapiro
So he sends me. This is the girl. I don't even find her pretty. And he's engaged, too. Yeah, okay. Ukrainian. And so I show him the picture. He goes, oh, yeah, she was here. I'm like, is she still here? He goes, she left about 15 minutes ago, which correlated with the tracker on her car because she was heading up to Sunny Isles, which is north of Miami Beach. One's in Miami Beach. So I'm like, where was she? He goes, oh, she was back here in this lobby bar. So he walks back, and I'm talking to him, and I grab a couple twenties out of my. My pocket. And the first, there were two female bartenders, one male bar back. And the first, her name was Young. And I'm like, here's $20. Put it in your tip jar. If you don't mind. Can you tell me if you saw this woman? I'm going to show you a picture. And she's like, sure. I showed her the picture. She said, yes. She was sitting right over there, and my co. Bartender was waiting on her. And I said, who is she with? A guy. Were there any girls there? No. So I verified it with this first girl, Young. Then the bartender was serving there, and then this guy Byron, who was like a greeter when you first walk in. And I had to call my friend Dan, and he told her to go pound sand.
Interviewer
Damn. And they were married or.
Mark Shapiro
No, they were engaged. He broke off the engagement.
Interviewer
Geez.
Mark Shapiro
Yeah.
Interviewer
That's rough, man.
Mark Shapiro
Yeah. And he. He's like, me. I'm great at business. Easy, easy. Picking up girls, but bad at really judging. I mean, my first wife, Susie, was. She was a good person. Okay? It's not a great wife. Isabella's mother was good girl. Okay? And multiple girlfriends were good girls. And I never even wanted to get married again. And then I met this girl, and then it's like, scary, bro. I was thinking she was gonna poison me. When I called my lawyer, I'm like, what should I do? He's like, number one, cancel your day. Go get a protective order. I'll tell you what to do. Number two, we'll send you a retainer agreement. We're going to have the family law department, we're going to have them write a complaint, and then you'll file for divorce.
Interviewer
Did you have a prenup?
Mark Shapiro
I didn't need one. My stuff's in trust.
Interviewer
Oh, nice. Yeah, she learned after the first divorce,
Mark Shapiro
well, you've got to protect your assets, and that's, you know, she has the access to nothing.
Interviewer
That's probably a better method because prenups don't hold a lot of the times, too.
Mark Shapiro
No, no. So I created a list of each and everything that I was going to do to her. Turn off her cell phone, turn off her credit cards, turn, turn, turn, turn. And that's what I did. And she's now backed in a corner. She's literally gone through her daughter's college fund, which was not very much, the 14 year old. And she's going to look for a mark. Not mark mark, but a mark, you know, someone to con. And that's what she's using doing with her social media because she didn't take off her wedding ring until I took mine off. And I wasn't sure I could take it off because in Jewish law you're supposed to keep it. And then I asked my rabbi and he said, well, I didn't recognize it as you were married to her. So you don't have to get a dissolvement of marriage, you just have to get one in the state of Florida. Okay? So I took it off.
Interviewer
Did you ever ask him why he didn't do that for you guys?
Mark Shapiro
I did. After the fact. I asked the Rebbetson, which is the rabbi's wife, and she said, I knew she wasn't right for you. And I'm like, why didn't you tell me? She said, because we, the whole community, knew how you felt about her and you were happy, and we didn't want to take that away from you. And we were praying and optimistic that she was actually genuine and was happy. And here's the crazy thing with those mental illnesses. No matter how somebody sets a bar, a great football player sets a bar. I want to rush for 2,000 yards. I want to go in the hall of fame, okay? So they set a bar, they set their goals, and then they achieve their goals, and that's never enough. And whatever it is, they can't be happy. They don't know how to be happy. And that's part of the mental illness. So the three people in her, one of them was cool, the other two, you don't want to meet them.
Interviewer
Yeah, I have that issue, too. My best friend from childhood has a multiple personality disorder. And I really like one of the personalities. Like, that's the one I grew up with. But then he went through a lot of trauma, and there's some dark personalities now in him. Who knows how many there are?
Mark Shapiro
You know what I don't understand? Why. Why people? I mean, there are ways to solve that, okay? They used to do it in the olden days. It's called electroshock therapy. And they sedate you and they shock your brain. And what it does is it activates different aspects of your brain to actually help you to change, and it has a high success rate. Really? Yeah. Wow. Yeah. And for me, I'm glad that this happened. Now. I'm, you know, I'm getting much better at processing it. I think talking about it actually helps. I was talking with Tiffany, who wants to play tennis.
Interviewer
Little rebound
Mark Shapiro
Tiffany. You follow football?
Interviewer
Yeah.
Mark Shapiro
Tiffany's baby daddy is Buddha Baker. Wow. So she has a three year old little girl, adorable, gorgeous, and she's here. And I kind of helped her with her financial plan, and he gave her a shitload of money. Damn. Yeah. He stroked her check for like $3.6 million. And I said to Tiff, I'm like, he made that much money?
Interviewer
Yeah.
Mark Shapiro
She's like, yeah, he had a $25 million signing bonus. I'm like, where? I never saw that. And he is a lockdown. He's. He's a better. One of the better safeties in the league. Yeah. So, you know, but, you know, she told me stories that I won't tell on camera. And she's from Indiana.
Interviewer
You know, it's a lot of money in Indiana.
Mark Shapiro
She came here, Tanner, who is usually the guy behind the scenes, he goes, where'd this girl come from? I go, she parked her car over there. He goes, did she fly with wings? Because she looks like an angel. And she's another absolutely pretty girl. But she's super smart, hard worker, good mom, and that I respect. So I told her I would teach her to play tennis.
Interviewer
That's cool. So, yeah, 3.6 mil. She could be set for life if she invests out in the right spots.
Mark Shapiro
She didn't make an investment in a medical marijuana company here in Miami. And we got half of it back. Got half a million dollars back. And I'm working on getting her the other half a million back because the guys went out and bought one bought an Aventador and another guy bought a G Wagon. That's the Miami stuff with her money. Wow. Yeah.
Interviewer
So the license wasn't even real.
Mark Shapiro
Or the license is real, but their product sucks, so. And they don't make the product here to make the product in California.
Interviewer
Yeah.
Mark Shapiro
So why isn't the business in California? Why haven't they opened up their store here? What's the issue?
Interviewer
Yeah, so. So it sounds like you're not opposed to dating woman that have kids.
Mark Shapiro
No.
Interviewer
When you see the red pill movement, like Andrew Tate and Myron Gaines talk about it, they say never to do that.
Mark Shapiro
Well, how old's Tate I don't know, actually. Is he 40? 40, 40. Yeah, it's different. It's different. You know, I actually, I probably would have had another kid with this girl. Okay. I know she was trying to get pregnant, but, you know, I was really vigilant, not doing that. And I don't think. I don't think having another kid is a good idea, but I probably would have had one with her. Okay. And that would have been like, the death of me because at least I have a clean break. I can wish her the very best, put all this stuff behind me. It's my choice to keep a relationship with her 14 year old and greater clarity. So. And for me, you just gotta put things behind you and just move forward. Okay? But you gotta learn from it, so.
Interviewer
Yeah, but when it comes to, like dating women now and they have kids from a previous relationship, that's not a red flag for you.
Mark Shapiro
You just have to be cognizant that they're gonna spend a lot of time with the kids. And that for me, is a good thing because I, I like my routine. I like what I do. I like to be alone. I like my solitude. Okay? I write all my motivation shit when it's early in the morning, four in the morning, when I'm having my first cup of coffee. And that is where I find my, my inspiration. If she is super hot, you know, you got the. You got the crazy hot scale. Have you ever seen that?
Interviewer
Yeah.
Mark Shapiro
Yeah. So if she's a unicorn, she's. Hopefully she's not a guy. Okay. Because isn't that what he says? Bred a check is probably a guy when you hit the unicorn. There are some unicorns out there. All right? I just. I found a crazy unicorn. Extremely crazy evil.
Interviewer
Yeah, that's probably one of the craziest ones. I heard you can make a movie about that girl, like the Tinder swindler.
Mark Shapiro
Bro, we should actually do that. What do you think? I think.
Interviewer
I mean, if she's just doing it to guys every few years, I'm sure you could compile everyone together and make sure one guy.
Mark Shapiro
I actually spoke to him last week. She was working at Wells Fargo. She got in trouble at Wells Fargo because they were all opening up all these fake accounts and her and him got caught having sex in the vault.
Interviewer
How do you even get in that?
Mark Shapiro
Well, that's where the safest boxes are. So she was a branch manager. They were having sex in a vault and she got caught. How did she get caught? There are cameras in the vault. Okay. And the security guards Review it. All right. But they came in and stopped them. Middle sex. Mid sex.
Interviewer
Wow.
Mark Shapiro
Mid sex. Yeah.
Interviewer
Any equate?
Mark Shapiro
No. No. She said, wow, bro. Girl has what is. If you're amoral, you have no morality. Okay, I'll tell you the last story. I'll tell you. So what's this beef with Luke Belmar about? He set my ball sack to the ground because I'm an old man, and I think I might have said that we have more followers on Instagram, and then he said that he has more followers on Twitter. Yeah. And we don't really work our Twitter, so we'll probably start some someday. But we blew up on TikTok and then we blew up on Instagram. So I find that he's bright, but he's obnoxious and he's arrogant, and I would love to talk to him. Okay. Because how old is he? 24.
Interviewer
He's young. He's in his 20s for sure.
Mark Shapiro
So four decades. You're going to see a lot more over four decades, and you're gonna know a lot more over four decades. All right. And when he makes these claims that he makes $5 million a day, you know, I. I just. I'm like, it's hard to make $5 million a day. Okay. It's hard to make $5 million a year unless you're in a high risk business like the real estate business. I mean, you can put up a tower and you can make a hundred million dollars. It's all taxable. You got to figure out what to do with it. But so I actually invited him on a podcast and said, we'll squash the beef. Come on the podcast. And I don't even remember his response. What was his response? Something stupid.
Interviewer
Is that.
Mark Shapiro
No, it wasn't. No, it was just like a stupid reaction comment.
Interviewer
When you were younger, did you have a bit of an ego, A bit of that false confidence?
Mark Shapiro
I guess so. Playing organized football from Pop Warner to high school to college, you've got to be arrogant. You've got to believe in yourself, especially when you're little like me. But I just happen to be gifted with a lot of speed. And, you know, I. I love getting hit. I don't know why. It just. But you don't really get clean shot on somebody my size because most people are much bigger. So that gave me the ability. It kind of revealed the courage for me. So I always was pretty daring, you know, whether my friends were like, mark, could you go get me that girl's number? Or could you do that? And Then during college, I started buying real estate and I started making money. And, you know, money equates with success. And then Fedrigo and yeah, I, you know, started getting custom suits and bought, you know, have nice stuff, and they built a nice house and bought a G4. And I was. I was an asshole. I was a total asshole until I got kicked in the. In the face and had some bad deals and I had to get back up again. And then I learned true empathy. And for me, the teaching has become my. My really real passion. And seeing all these people in our community, in our mentorship that actually don't know anything and are actually becoming successful at doing this, and it's not hard. It's a step by step process. It's focus, it's doing at the right rate. So, yeah, I was there.
Interviewer
Yeah, straight up. So when you got into teaching, is that when you started calling out the other teachers, the other gurus on the Internet?
Mark Shapiro
I think that's what we first did. And I did the first reaction to Grant, we started calling some people out and, you know, I would go through people's funnels, and I would be like, what is this? You know, I would go through Tom Cruise's funnel and like, what do you get?
Interviewer
Is that the Section 8 guy?
Mark Shapiro
Yeah, his. His. His calculator is pretty good. I mean, we all use the same software. We give every, you know, our students the same stuff, but his is proprietary, so we kind of tweaked it a little bit, but it still connects with the same databases that we have. And it's the same thing. We don't show. I guess it's flexing. We don't. We don't draw our keys on the floor. We don't show you what we're driving. We don't show you where we're living. We don't. We don't flash that stuff because, you know, maybe because I'm older and more conservative and I wasn't raised like that, but, you know, there are a bunch of these guys that are doing a good job, okay. And they're very good at it. I actually had podcasts here where Spockford was sitting in a chair, I. On his funnel. And then I ran into him at a coffee place, and first thing guy did is shake my hand and give me a hug, okay? And he's like, bro, can we eat? Have something to eat together? I'm like, yeah. And we started to talk. I went back through his funnel. I saw the value of his funnel, of what he does, and I apologized. To him. And I had him come here and I apologize. Right on the camera. Well, yeah, Yeah. I did that to another kid. The first time I ever spoke in public was in D.C. it's funny because the guys have put the thing on, were just like real estate agents, and we didn't even know that we had this bandwidth. Okay. And my friend Daniel G. Spoke. He spoke for like 30 minutes, but he left. Okay. And we spoke last. We get off the stage, they wrap it up, and we get attacked. Adrian had 13 drinks that day because they made a drink called the Shapiro. And he was drunk, and I was supposed to have guys around me. Okay. And literally a day, I'll be honest with you. Okay. It was just really good. 500 people. Okay. And I think we sold 400 of the tickets in the last week when they announced us. Damn. Yeah. And it was a freaking ball. But there was a guy in the front seat, a front. Front chair, and he sells short term rental sdr. And his name was Fareed.
Interviewer
Heard of him.
Mark Shapiro
And he said that if you open up an LLC, okay, you get a credit card for 50 grand from Chase.
Interviewer
The zero percentage is card, right?
Mark Shapiro
Yeah. And I was like, what dumb is now? Well, guess what? I bank with Chase. I called my relationship manager and I said, I don't have Chase cards for any of our entities. He said, would you like one or would you like one for every entity? And I'm like, well, let's just get one. And he's like, well, I'm gonna apply for three for your three main entities. And boom, proved boom. Sent them out. And pretty large lines. Okay. And what he said was exactly what I did. So he sat in the front, and before I actually said anything, I apologize to him. Wow. Okay. Because I was raised that if you're wrong, you apologize. There's a lot of people that will do something and then ask for forgiveness. I don't believe in that. I believe in owning up, saying you're sorry. Okay, man up. All right. And now we're, you know, we. We're friendly.
Interviewer
I love that. Yeah. I did the same thing. Same thing with Jefferson cards. I was skeptical.
Mark Shapiro
And bro, you can get a B of A. Yeah. Get them at also Wells US Bank. Yep. There's a bunch out there. Truist is doing it.
Interviewer
Yeah.
Mark Shapiro
Citizens.
Interviewer
They're oitizens. Yeah.
Mark Shapiro
Yeah.
Interviewer
A lot of banks. Yeah. That stuff's a gym, man. Crazy. Has anyone ever taken it too personal? And there's actual, like, bitterness towards each other? He does not like me, actually. I just found Out.
Mark Shapiro
I, I. Okay. So before I get into any social media, I'm driving down my street and I'm going downtown, which is the Venetian Causeway. I'm going down it. And he had rented a house on the causeway of the war. And I saw him out there and I'm like, I watched this guy's. It's good. Okay. He actually was pretty motivational before he went on crazy. I think he's on some crazy ass stairways.
Interviewer
Yeah, crazy.
Mark Shapiro
And I put my window down and he's like, yo, yo, yo. Don't with me. Just yo, yo, bro. And like, I don't know the guy. I just wanted to say thank you. And I'm like, okay, cool. And I lost. And I don't remember when I did my first reaction to him, but I actually think they blew up. So, you know, he started responding. And then one day we were actually filming. We were actually eating at the dining room table at my house. No. And I went through his funnel, put my number in, and he called me. I think we have the best place.
Interviewer
He personally, wow, you can have a team or something.
Mark Shapiro
No, he personally called me, you dumb pencil. Nick, I'll meet you anywhere. I'll you up. So my COO called him. My COO signed up for his program, like a 750 program. And he made a reaction to that. Okay. So if my CO signed up for it, I did. So I gave the money.
Interviewer
And
Mark Shapiro
his program is just an online fitness program. Okay. And Robin wants me to settle it. I don't think I can settle it. I have another friend who, he goes by the fitness handle of Tattoo Fitness and he trains a boxer. And that's where Wes trained. Yeah. And he's like, look, I want you to come in there and we'll squash the beef. And I'm like, you know, I don't think it's worth it. Okay. I don't think the guy's in his right mind now. Spofford was a really good friend of his and he didn't have anything positive to say.
Interviewer
I won't go into what he said,
Mark Shapiro
but, you know, I thought his message was actually pretty good, but has changed. He's become crazier.
Interviewer
Yeah. I just found out yesterday he doesn't like me because I've had a few guests come on and talk negatively about him, I guess. So in his eyes, I'm an enemy.
Mark Shapiro
We shouldn't have any enemies in this business because it's all these other people that see the traction that you get and they want to cut you. They Want to take, you know, take a shot at you. Okay. What was the video I saw? Okay. I don't know who. I sent it to that. I sent it to you. No, there's not. The leaf blower. There's not. It has nothing to do with West. There's a video of a guy who puts a picture of Trump up, indicted, cheated on his wife, you know, Stormy with a porn star. Then the next person, they show a picture of Bruce Jenner when he wins the decathlon. Okay. And then Kylie Jenner or the Bruce Jenner is. What's. What's. There's so many. No, but what's his name is. What's his woman name? Caitlyn. Okay. He killed somebody. She killed somebody in a car accident. And then she is woman of the year. And then there was a third. I don't know what it was. We'll find the video to fucking great. We should reality. I don't know. You don't want to talk about the Kardashians. Yeah, probably not. We won't.
Interviewer
Okay.
Mark Shapiro
So, hey, Kenny's cool. I'm cool with Kimmy. Okay.
Interviewer
That's cool guy like their marketing, bro.
Mark Shapiro
I like her fucking tits. They're great. Okay. I mean, she's pretty hairy, okay? But you know. But I will tell you. So the woman that she got out of prison, Alice Johnson, I'm friends with, she's now the pardon czar. And Kimmy's actually the girl that you see and the girl that she actually is, she's a lot smarter than. Than she pretends to be.
Interviewer
I could see that.
Mark Shapiro
She's a super smart girl. She actually did go through law school. Okay. I'm not sure whether she passed tomorrow or not, but she actually did go through law school. And she did it like fast, like in a year.
Interviewer
I mean, look at skims. It's a billion dollar company. That's hers.
Mark Shapiro
Yeah.
Interviewer
You can't be stupid and do that.
Mark Shapiro
No, no.
Interviewer
Shout out to her.
Mark Shapiro
So I'm not sure I like the big ass thing.
Interviewer
I'm not a fan of fake asses.
Mark Shapiro
I'm not a fan.
Interviewer
You're talking about here in Miami, bro,
Mark Shapiro
when you go to the gym, you should see all these girls. I had this one girl, Alejandro, she gave me her card and she said, I cook and I clean and I babysit pets. And I'm like. I'm looking at her and I'm like, I'm getting horny looking for Sarah.
Interviewer
Right?
Mark Shapiro
And I actually have a car to my desk, so we're gonna call her and ask her you want to have coffee. So I just didn't see her at
Interviewer
the gym this last week and they in Vegas we got naked made services. So they clean your house naked?
Mark Shapiro
That's crazy.
Interviewer
Topless. Yeah.
Mark Shapiro
Nice. Yeah.
Interviewer
Do they have that out here?
Mark Shapiro
No.
Interviewer
Ooh, Mesa now, man.
Mark Shapiro
We should start it.
Interviewer
Oh, Mark, it's been fun, man. Where can people find you and keep up with you?
Mark Shapiro
So you can find me on Instagram at the Mark Shapiro. You can find me on Tick Tock. It's pro capital and my new favorite venue YouTube at Mark Shapiro 1887. Right?
Interviewer
Let's go check them out, guys.
Mark Shapiro
Peace.
Sponsor/Ad Voice
Thanks for watching to the end, guys. Please comment below your thoughts on the episode if you agree. If you disagree, I'd love to hear.
Interviewer
I read every single comment.
Sponsor/Ad Voice
It means a lot to me.
Interviewer
Thank you so much.
Episode: Why Making Money Too Fast Can Ruin You... | Mark Shapiro | DSH #1887
Host: Sean Kelly
Guest: Mark Shapiro
Release Date: March 24, 2026
This episode features a deeply candid and often provocative conversation between host Sean Kelly and real estate investor/mentor Mark Shapiro. Shapiro shares lessons learned from the highs and lows of his career, personal life, and social media – emphasizing how making money too fast can harm personal growth, relationships, and ego. The interview interweaves behind-the-scenes stories from his business, reflections on viral internet culture, tales of dramatic relationships, and practical advice for building resilience and long-term success. No topic is off-limits, making for a raw, insightful, and, at times, wild ride.
This episode offers a mix of hard-won wisdom, outrageous anecdotes, and unapologetic real talk—from profitable real estate strategies to cautionary tales about ego, relationships, and the pitfalls of moving too fast. Mark Shapiro's stories are as entertaining as they are insightful, reminding listeners that the journey to lasting success involves stumbles, humility, and the courage to own your story.
“You just gotta put things behind you and just move forward. But you gotta learn from it.” — Mark Shapiro (47:43)