Episode summary
$1M Trading Cards Heist, Trevor Milton Returns, The Death Of Common Courtesy | Diet TBPN
Summary
The episode centers on two aviation stories and a broader complaint about what flying has become. First is the PSA heist: thieves broke into a FedEx truck parked outside PSA’s California headquarters and allegedly stole nearly $1 million of graded trading cards, with the hosts arguing that leaving the truck unattended for 60 to 90 minutes made the whole thing feel preventable. They also discuss how PSA deactivated the certification numbers and how compensation may be limited by collectors’ insurance choices.
The other major business story is Trevor Milton’s return through a private jet venture. The hosts walk through the long history of the aircraft program Milton acquired, emphasizing that it already had FAA certification and had consumed more than $700 million in development. Their skepticism is aimed less at the plane itself than at Milton’s pitch: instead of simply selling a certified jet, he is pushing a broader, more ambitious platform that they think may not be compelling to buyers.
The rest of the episode turns into a flight etiquette debate. They argue about loud phone use, seat negotiations, window shades, and whether airlines should auction seats and amenities. United’s CEO Scott Kirby also comes up as he argues fares may need to rise further, while Mercedes’ 1,153-horsepower electric SUV is dismissed as an impressive but likely difficult product in a tough market.
Key takeaways
- The PSA theft involved nearly $1 million in graded cards, and the hosts think leaving a FedEx truck unattended outside the grading center made the loss hard to excuse.
- Trevor Milton’s jet company is tied to an already certified aircraft program, but the hosts doubt his broader aerospace pitch will persuade discerning private-jet buyers.
- The hosts see the real value in the jet as a certified, proven platform, not in reinvention of the cockpit or autonomous features.
- Scott Kirby’s comment that it should cost more not to sit in the middle seat reinforces the view that airline pricing will keep rising.
- Mercedes’ 1,153-horsepower electric SUV is treated as an impressive product, but one likely to face brutal depreciation and category headwinds.
Notable quotes
“The driver left the truck unattended for 60 to 90 minutes and returned to find the truck”
“PSA has deactivated the certification numbers of the stolen cards”
“The CEO is Trevor Milton, formerly of Nicola, the electric truck startup”
“the thing is like if you were going to buy an aircraft”
“Plain etiquette is long gone. But dictating out loud when she could hear uh when she could type is an irritating loophole”
Topics
- trading card heist
- trevor milton return
- airplane etiquette
- airline middle-seat pricing
- luxury electric suv
Companies and tickers mentioned
- UAL
- MBGYY
- Nikola
- United Airlines
- Mercedes-Benz Group
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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Tbpn, this episode and its artwork belong to John Coogan & Jordi Hays. Octagon is not affiliated with the show; this page is an independent summary.