YouSaid · the spoken record

Dr. Ryan Yermus

lines on the record: 35
first: 2022-05-29
most recent: 2022-05-29
sittings or episodes: 1
sources: podcast

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“All right, that's all we had for you guys today. If you're loving the show, don't forget to follow us on your favorite podcast app. And if you want to check out field trip, the stock, look no further than the TIP finance tool. Just Google TIP Finance and it should pop right up. And lastly, we always love hearing from you. So either leave a review or reach out to me on Twitter at Treylockerby. And with that, we will see you again next time.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Ryan, thank you for the education today. I'm fascinated by what you guys are doing at Field Trip. It was really great to meet you in Miami and get to know each other. Thanks for coming on. This was a lot of fun. I hope we can do it again soon.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“What was the thesis around going public with this company? Is it a matter of it being hard to get funding in the private markets, given that this is sort of a controversial approach to medicine? Or was it that this would raise more awareness around it and get the public involved and kind of expedite the awareness? What was the reasoning around taking this company public, especially so early?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“My understanding, and I could be wrong, but our SSRI is an addictive medication, meaning they're harder to get off of, and therefore this type of treatment is better in that it's not addictive at all. What are some of the ways that you compare with the current medication, what it pertains to addiction?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Do you have access to similar research for SSRIs, as you highlighted earlier? Are you comparing, is that the benchmark, for example, to compare to when you're looking at your research compared to currently prescribed medication”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Talk about that evidence because I'm curious how quantitative the research gets, especially at your clinic, your treatment centers. How exactly do you gather the data? For example, are there just surveys? What was your experience? Do you score things like depression, anxiety, PTSD, and you check back in with that person over a matter of weeks or months and you score them again? Just walk us through the scientific method here of gathering the data.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“I was thinking about the idea of micro dosing, right? That's become kind of a trendy concept recently. Is there any benefit to micro dosing in your opinion? I mean, I don't really exactly understand the levels how it compares to something like the dosing you're doing at a treatment center, but does that even have an effect in your opinion or is there promising research behind that at all?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“So FT104 is a molecule you guys have actually developed, designed, you're patenting it. Does that mean while it'll be used in treatments, if I'm thinking really long term for this company you're running, does that mean it'll ultimately manifest potentially in something like a supplement or some kind of product-based thing that you could use it for given that the regulations are relaxed on the actual molecule itself?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Thesis around psychedelics helping depression is really interesting because, yeah, while I understand that you can create these new pathways in your brain, my understanding with depression, for example, is it's almost like a chemical imbalance. So there's sexual chemicals involved or at play here that are causing those thoughts in the first place. So do the psychedelics have any impact on like stabilizing the chemicals in your brain or helping in any way on that front?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“I love what you said about repaving these pathways. I've heard this analogy with psychedelics around it being like fresh snowfall in your brain. So if you think about you go sledding, one guy goes down on the snow, it carves his path. And if you go follow him, your sled might fall into that same groove, but you get new fresh snowfall, and then you can pave new pathways. Does that idea speak to your interest in psychedelics as it relates to addiction? Because I imagine addiction comes with similar thought patterns that you're trying to break.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Find any resources coming from the military or even the clients coming from the military because I've heard that this can also be used as treatment towards something like PTSD. Is that correct? And are you seeing that in the research as well?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Understanding is that a lot of funding going into this research is also coming from ex-athletes because if you think about football players, hockey players, high context sports, there's a lot of injuries that come from that specifically brain injuries. And it seems like as we're as the research is kind of catching up, these injuries have long-lasting effects. And so it's driven a lot of people in the athletic domain to provide resources for this research because it seems to be more of a sustainable way to overcome those types of brain injury. So I'm curious what exactly is going on in the brain when you're taking a psychedelic.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“So, if I'm not mistaken, you're using psilocybin in Amsterdam. Obviously, it's illegal here in the US and it's got this stigma around it. To my understanding, it's illegal because it goes all the way back to, I think, the Nixon era where he kind of lumped psychedelics in. Which is the most kind of severe type of drug. But when you compare it to alcohol, there is a lethal dose of alcohol. Whereas with something like psychedelics, there's not. So I'm just kind of curious, what is giving you confidence that something like psilocybin can overcome the Schedule I regulation and actually become a legal drug?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“So, for what you just said, I imagine ketamine, is it similar to psychedelics or how people think about that, where, you know, say it's the Beatles turning into cartoon characters, flying on rainbows or yellow submarines? I mean, is that the kind of psychedelic effect we're talking about here, or is it something more subdued than that? Talk to us about maybe the doses that are used in these types of treatments and what you're striving for for an ultimate outcome and how you measure that.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“On that point, what are you seeing as far as the benefit from ketamine versus psilocybin? They're trying to achieve, I think, somewhat of the same thing, but there's obviously legalities involved, as you mentioned. So are you seeing that the psilocybin data coming out of Amsterdam is more promising than the ketamine for any particular reason? Are they just different or used for different treatments altogether?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“All right, so overall, the whole talk was over an hour and a half. Elon gave us a lot of time. It was really fun to hear him talk to his friends, especially and have that dynamic. But as cool as Elon is, I want to talk about Ryan Yermis because you and I met at this event and we hit it off and I just found your background so interesting. You're a medical doctor and you're an entrepreneur. You've founded or co-founded a couple of companies now that have gone public. So talk us through your background how you became a medical doctor and then how you found yourself co-founding all these amazing companies.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so lastly, I just want to play this clip from Elon where he's talking a little bit about the grand mission behind SpaceX, how they're actually going to fund the mission, say, to go to Mars, and really this segment got interesting when they started talking about sustainable energy. David Friedberg brought up Fusion, for example, how viable an option that is. And I thought Elon had some really good points around that. So let's take a listen.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so one of the most mind-boggling things he said in all of this was just how big the Tesla gigafactory in Texas is. It's a mile long, a quarter mile wide, and 80 feet tall, three times the size of the Pentagon. Found that really incredible. And this idea that it's a machine that makes machines. I thought that was kind of an interesting framework. And to me, it was just a snippet of how Elon runs his companies, how he lays things out for his employees to kind of understand the mission and the bigger picture. I just thought that was kind of an interesting takeaway because I'm always looking for ways to how this guy runs all these many companies as successfully as he has. And I felt like that was just a glimpse of how at least he approaches his employees and communicates the narrative that's kind of bite-sized and easy for everyone to digest.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Walk away from this deal and cut ties. But David said something interesting, which is essentially that he expects that there would be many lawsuits before Elon pays up a billion dollars, especially if there's these types of allegations on the table. But this is a really big deal. I think for those who are holding on to Twitter stock, hoping that this deal will close where it's supposed to, I would start to second guess that. All right, so one of the other topics that Elon touched on that I want to play a clip around is this idea of how you should break down Tesla. And this is something that gets overlooked a lot because it's really simple to just say Tesla is a car company. And if you”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I'm glad you brought that up because Mac is a legal term, right? Material adverse change, and that's a big deal because there are billions of dollars on the line here. If what he's saying is actually true, where the actual bot count is different than the public filings, then we're talking about shareholder class action lawsuit level issues. I mean, this is a really big deal and a really big allegation that he's laying out very publicly. So I just found that to be really interesting that he was so cavalier about how he's even thinking through this deal. I just found that to be kind of refreshing, but also kind of concerning in a lot of ways too, because if he's, in fact, not correct on this allegation, that that could really blow back on him as well. So one of the other points that I believe David Sachs highlighted was the fact that Elon has got a billion dollars committed to this if he walks away. He's got to lay up a billion dollars just to kind of”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Thought, well, if the economics don't matter, then why bring it up? But it sounds like this might be a harder problem to solve than he originally thought. And I thought he was actually very convincing. What did you think, Ryan?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“My favorite part of this clip is the termite analogy, where he's basically saying, if you have a home that has 5% termites, that's reasonable. But if the poem has 90% termites, that's a different story. If I'm being honest, I was actually more convinced of this argument than I was going into it. So for example, at his TED talk, Elon said that he basically was buying Twitter to protect free speech and that he even said, I think, quote, the economics don't matter. And I found this really interesting because, you know, JP Morgan has quoted to put 26 billion dollars into this deal. I mean, how did the economics not matter? You know, and I don't think you rally JP Morgan to put in $26 billion on free speech. I just found it a little too convenient that while the Twitter stock tanked, while all the rest of the market was tanking, here comes up this idea that, oh, these bots are a real issue because the revenue stream might be affected and there's all these arguments made, but I was really skeptical going into this argument because I think...”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“So we're actually going to play a clip from the event here where Elon's talking about the Twitter deal because they came right off the bat talking about Twitter. Everyone's been following along with this. But what was surprising to me is how bearish I would think his sentiment towards Twitter really was. The contention here is that he's basically alleging that Twitter is claiming to have fewer bots than they really do. So for example, in the public filings, Twitter is saying that they have around 5% or less bots. He's claiming that it's four to five times that. And he said the lowest estimate was closer to 20%. So we're going to play the clip here. If anyone's invested in Twitter right now, I think you should definitely pay attention to this clip.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, because 12 months ago, how much of the narrative was around the fact that the Fed can't possibly raise rates, right? And here they are raising rates up to 75 basis points now and going higher probably. So these things that were at once seemingly fact are kind of being dispelled a little bit. And that's something to be very wary of. All right, so shifting gears a little bit. I want to talk about the man of the hour. It's undeniable that this was the real headliner of the entire event. Elon Musk, who is a good friend of Jason Calicanis in the group that was on stage, came in for a fireside chat. It ended up blasting about an hour and a half. It was much longer than I even expected. And he came in much more relaxed. He was laughing. He was cracking jokes. And it wasn't like a TED talk, you know, where you typically see him and he's very serious talking about Mars and whatnot. He did touch on these points, but there was just a general relaxed nature to him. And I hadn't quite seen that side of him before.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Into today's markets because it remains yet to be seen how much of this is factored in. My general thesis was that it's going to get a little bit worse before it gets better.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Seems like the dumbest idea because you know you're kind of raising into weakness here. They are really trying to tame inflation to get interest rates back up to where they need to be so when there is something that breaks in the market. They can lower again and ease a little bit more. But on top of the interest rate hikes that I don't think is being talked about enough is the 190 billion or so of liquidity that is being taken out. So I remember Chamoth talking about three trillion dollars that they basically injected into the market once COVID started. And now the Fed has basically come out and said, okay, over the next three years, we're now going to take out $190 billion a month. And so that roughly equates to $3 trillion if you do the math. So basically they put all this money in. Their plan is to take the money out. Once they do that, it actually exhausts that money and that money kind of disappears. So hopefully that will quell inflation and the markets will recover. I think the big question right now is how much of this is priced.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“The numbers, we might be looking at something like that 12 to 18 months of not only volatile markets, but depressed multiples on valuations, money drying up, people are a little bit less likely to let go of their cash. As a founder, you know, for example, it's harder to raise money, certainly harder to get the valuation you once had. So that kept coming up again and again for me. And the basis of this thesis is basically that the Fed is a lagging indicator, if you will. They're basically not a proactive group of people. They're reactionary. And so they're looking at the data, the economic data, not just the stock market. They made very clear to get that point across as well. The Fed is looking at much more data than what is just found in the stock market. So, for example, they're looking at inflation numbers that don't seem to be quelling as rapidly as they hoped. There is, I think, a higher probability, another couple of 50 basis point hikes are coming. And while we might sit here and think that that”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“So let's talk about the host. So, Jason, Chamoth, David, and David, Friedberg and Sachs. They had a couple of really great moments as well. So there was a couple of Ask Me Anything moments from the audience, and they were able to kind of stretch out and talk about different things. The theme that kept coming up and they were really driving home was that if you're a founder and you're running a business, you better have cash on hand. That kept coming up again and again and again. And it really just, I think, spoke to their sentiment and their outlook on the current market. And Elon, who we're going to talk about here in a minute, touched on this, but the average recession period is usually about 12 to 18 months once it begins. So there is this expectation that we are probably in a recession currently. We're waiting for the numbers to come out, but that seems to be the general sentiment. And once that proves out, not saying it's a guarantee by any means, but once it comes out in the”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“One other talk that I also appreciated was Nate Silver, and most people know Nate around his political predictions that he bases on statistics. He was kind of able to apply that approach to life in general. It could be applied to investing, and I was kind of a more general talk than I was thinking it would be. What were a couple takeaways you took from Nate Silver?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“There was a couple of other really interesting talks as well. Ryan Peterson, who is an expert on supply chains, had a discussion. It was actually a prettier picture that I was expecting him to lay out. Basically, there's this sentiment, I think, around supply chains that it's just going to continue to get worse. But he kind of had a different angle. It seemed that things are actually improving, and we're still on maybe a one to two month delay on deliveries, but prices are maybe coming down. What was your main takeaway from Ryan's talk?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Here in the US, the home appreciation will probably stay flat or continue to rise a little less aggressively than it has, but we probably are going to see a dip sometime next year. And then you had Bill Gurley and Brad Gersner talking about the wider market sentiment. And what were your kind of general takeaways on their approach to the market today?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“And for those who don't know the All in Summit was put on by Jason Calicanis, who's been on the show Chamoth Palahapatia, the billionaire investor who's also been on the show, David Sachs from the PayPal Mafia, and David Friedberg, the in-house scientist, I would say, as part of the group. He was an expert on all things on food and supply chain and had a really great perspective on a couple of topics that were discussed. So the main ones that stood out to me were around just general market sentiment. So there was a talk from the founder of Divi who spoke about the housing market, and her take seemed to be that the housing market will slow down, but that it'll probably take well into next year for that to actually happen. I think there's just still so much demand. And despite the fact that interest rates are rising and mortgages are getting more expensive, the demand is still there and there is still, I think, at this point, enough liquidity chasing the finite amount of homes that at least”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so first things first, this was quite an interesting event. I've never been to something quite like this where there was such a wide array of different topics, different speakers, everyone from VCs to real estate discussions to political discussions, supply chains, Elon Musk was there. We'll talk about that. What were some of the highlights that you most enjoyed from the three days that we were there?”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“From ketamine and psilocybin. After our summary of our experience at the All in Summit, we do a deep dive into field trip and psychedelics in general. So it's a pretty eclectic episode and I hope you enjoy it as much as I did. So without further ado, here's my conversation with Dr. Ryan Yermis.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT
“A couple of weeks ago I was invited to attend the All-In Summit in Miami put on by billionaires Chamoth Pala Habatia and David Sachs as well as ex-Google exec David Freeberg and angel investor Jason Kalicanis. We recently interviewed Jason on episode 433 and we also interviewed Chamoth on episode 354 so I recommend you go and check those out. It was a three-day event with a wide host of expert speakers. The highlight of course was a near one and a half hour conversation with Elon Musk. In this episode we're going to review a few talking points around Elon's Twitter takeover, Tesla's business structure and the future of SpaceX. While I was at the event, I met Dr. Ryan Yermis, who's joining me on today's show. Ryan is of course a medical doctor and also a co-founder of multiple publicly traded companies. His latest venture is field trip ticker FTRP, which specializes in progressive treatments using psychedelic molecules.”
2022-05-29 · We Study Billionaires · TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus · IDENTIFIED FROM THE TRANSCRIPT