Jimmy Dunne on Callaway Live [Sponsor Content]
Callaway Live with Jimmy Dunne had it all: intensity, drama, comedy... everything. Hear his riveting stories about how 9/11 nearly destroyed his business and how golf saved his life. Sponsored by Callaway
Released on 5/9/2016
What are you doing?
Oh, hey John.
Well, you know Jimmy Dunne is on the show tonight,
and he's the Senior Managing Principal of Sandler O'Neill,
and he's one of the most
well-respected people on Wall Street,
so I'm brushing up on my corporate finance here,
reading an old textbook.
Listen, Harry, all you really need to know
is that it comes down to the time, value, and money.
That means, simply, that a dollar today
is worth more than a dollar tomorrow.
And, with that, you can determine a company's value
using lots of sophisticated techniques.
But, the one I always go back to is the simplest:
the Discounted Cash Flow Analysis.
Hey, can I borrow this?
Let me show you what I mean.
(marker squeaking on whiteboard)
I mean, you have to make some assumptions
about profitability and growth, of course,
but, that's where the art meets the science, really.
Also, where the rubber hits the road.
It's also where I get frustrated
with all these new businesses
that generate no cash or earnings at all.
And people value them with B.S. metrics,
like total users and such.
Wow Johnny, I had no idea you knew so much
about how I finance.
Yeah, I dabble a little in the stock market.
If you want, I'll explain how derivatives work over lunch.
Oh, that'd be great.
Hey, can I borrow 10 bucks?
It's Taco Tuesday.
You don't even have 10 dollars, Mister High-Finance?
I got caught in a huge short position in a tech stock.
Hey, don't you have a show to do?
Oh, live show, no script, what could possibly go wrong?
(upbeat electronic music)
Alright, hey, hey everybody!
Whoa, I almost tripped there, did you see that?
Who put that there?
Somebody put a booby trap there.
Good to see everyone, how are ya?
Good to see you, what a crowd!
Look at this crowd.
This is a season two crowd.
This is season 2 of Callaway Live.
This is a Jimmy Dunne crowd, is what this is.
Am I right, you guys are here for Jimmy Dunne?
I can't wait for Jimmy to come on the show.
If you're like me, you're also getting the clubs out;
you're getting ready for the golf season.
Am I right?
You guys getting ready to play?
I know we're here is Southern California,
so we kind of play year-round,
but most everybody at home are getting ready.
I always go through the same four things every year
when I'm getting ready,
to get ready for the golf season.
Number one, and I'm sure you guys are like me,
I practice in the mirror saying:
No honey, I've had these,
whenever my wife asks me if I have new clubs.
I also work on my Verne Lundquist imitation.
Nate, are you like me?
I do that, actually, when I play golf.
I don't get a lot of return invitations.
I also box up all of my big golf shirts,
now that I've lost a little bit of weight;
and then, I immediately unbox them,
knowing I'm gonna need them in a few months.
And then, the last thing I do before every golf season
is I write down and I submit
all of my Grow the Game Initiatives to Hack Golf.
(audience laughs ambivalently
That's not funny anymore?
Alright, we'll clean that up in post-production.
We got a great show for you guys today.
Don't go anywhere,
Jimmy Dunne will be right here, on this set,
when we come right back.
Don't go anywhere.
There he is, Jimmy Dunne.
Hey, Chad, you're the Head of Social Media, right?
I have this great new product that I wanna tell you about,
do you have a minute?
No, no that's not me. No?
That's actually gonna be Johnny.
Oh, You see that guy in the jacket right there?
Oh, yeah, okay.
So, is this your first show?
Hey, you should meet us at the Hyatt later for drinks.
So, did you fly direct,
or do you have a connection somewhere, or
I mean this booth,
this booth is unbelievable,
I can't believe, how did you top last year?
And the tank two years ago? Crazy.
Man, it's crazy.
But, the PGA Show, it's my favorite week of the year.
It's like, everybody's here,
the whole thing, Hey, Pallato.
Hey, do you know,
Charlie, nice to meet you. Chris, howdy.
How amazing is all this?
This is, like, the greatest thing of all time.
I mean, the PGA show, I love it,
it's easily my favorite week of the year.
Love what you guys are doing, man.
Hey, Chad, it's so good to see you.
Hey there, Tony, how's it going, man?
How's Callaway Golf going for you?
Yeah, going good?
You wanna do dinner, or do you wanna go out somewhere,
or hang out?
Tommy, what's up, man?
When'd you get in?
You wanna go to the Pit later?
Wife good, kids good, house good?
So, where you staying, you staying here?
Oh, man, you guy's got any freebies?
Look's like you have a lot of momentum right now.
Just keep going, man, keep doing what you're doing.
Thanks a lot for your time,
I'm really excited to show you
this new product that we have.
Basically, imagine an app, Right, yeah.
that swings the golf club for you.
Alright, welcome back to Callaway Live, I'm Harry Arnett.
And, you know what this show really is all about is,
it's a chance for me to meet people
that are sort of my heroes,
and people that I've admired for a long time.
Whether they're athletes, whether they're entertainers,
And, then, last season, we had a bunch of people
that were really important business leaders,
and thought leaders in their businesses.
Tonight is one of those moments for me,
which is a moment that I've really looked forward to,
and meeting an talking to somebody
that has meant a lot to our game.
He's the Senior Managing Principal of Sandler O'Neill,
an investment bank in New York City,
and he's deeply connected in the game of golf.
Please welcome to the set Jimmy Dunne.
Jimmy Dunne Hey.
How are you?
It's good to see you. I'm great.
How are you?
Have a seat. Thank you.
Thank you very much.
Oh, you have a Tony Award there.
There you go. Look at that.
We'll throw that away.
Thank you for showing up.
Jimmy Dunne crowd, right here
That's good, that's good, I'm surprised, everybody.
It's very nice of you to come.
I believe this is all because
you got a little bit of T.V. time
from the AT&T Pro-Am, with
How about that?
Playing with those great Callaway players,
Reed and Mickelson, Love those guys.
I've played with Patrick the last couple years,
and, obviously, playing with Phil is always fun.
We didn't do too bad.
Yeah, you guys were good.
I saw a bunch of,
I saw you on six, and then I saw you again on 11,
and it seemed like everywhere I looked you were at,
I thought that they were doing us a favor
because they knew you were gonna be on the show.
(Laughs) I think that was the whole point.
For a lot of people who know you now,
I bet when you were growing up,
within the game, and then in your business career,
you probably would have been way okay
with nobody knowing your name, I bet, up until a point.
Well, I still am, actually, but,
obviously 911, that changed the dynamic of a lot of things.
And, then, on the other side,
I've had a lot of very good things happen to me, too;
so it's a combination of the two.
But, we're still, we're a private company,
we're still very comfortable with
Under the radar.
Nobody knowing what we're doing.
We don't wanna declare things
like revenues and profitability.
No, we really don't.
I was doing some research for the show,
and I was reviewing a lot of video that happened,
kind of post-911, a lot of people,
is how I first started hearing about you,
not only from your career in the investment community,
but also plugged into the game of golf.
That day started out just like any other day, probably,
for you, didn't it?
Well, yeah, it was, it's sort of an interesting,
it's a sad, obviously the whole thing is sad, but
the thing is how intertwined it was with golf.
Our firm has a lot of golfers in it,
always did, always will.
Although, Herman Sandler was not a golfer,
but loved the game.
Chris Quackenbush, which was the guy I grew up with,
was my best friend.
We were tuition-paying paynt-ners together,
we played golf caddy together.
He was also my lawyer,
for when my earlier,
sort of, my misspent youth,
and then on more corporate matters.
But, what was so interesting is that,
before, I had had a bet
about qualifying for the Mid Amateur,
and so I'd worked very hard.
And, he just happened to walk into my office,
picked up the USGA application, and said
You're playing really well, where you gonna go?
I said, Well, I'll probably go to Round Hill
on Monday the 10th.,
because then if you play bad, it's bad,
but you don't then lose Monday and Tuesday,
as far as work days.
And so he said, Well, on the 11th it's at Bedford.
I said, Yeah., and he said,
You could get it under par at Bedford.
I said, Yeah, well, maybe.
He said, You should go to Bedford on the 11th.
And I said, I don't even know why,
I said, Okay, yeah.
So, I picked it up, I checked it off,
and I said, Debbie, send this to the USGA, please.
Debbie died and Chris died.
And, I went to Bedford on the 11th, which was,
I've asked his advice on everything in my whole life.
I was a better golfer than he was.
He was a good golfer.
But, it would be, like,
the one thing I would never really ask him,
let alone where to qualify.
And, that always, sort of,
but, that made a difference, because, obviously,
I woke up that day, it was a cool day,
I remember, because it was delayed.
It was a beautiful day.
And, I can remember,
the guy came out at about the sixth hole,
and said, there's a problem.
And so, I was out trying to qualify for the Mid Amateur,
otherwise I'd be dead.
Literally, almost all the colleagues that you had,
obviously, everyone that was in the tower that morning.
Yeah, all but 17, that were in the office, died that day;
and 40 percent of the firm perished that day.
So, we were on the 104th floor of the World Trade Center,
so, the second plane came into the 77th floor
going 675 miles an hour,
so 99.9 percent of anybody above the floor died,
and 99.1 percent of, oddly enough,
everybody below the floor, survived.
But, we were well above.
So, some of the people had gotten out,
17 had gotten out, prior to,
after the first plane, and prior to the second plane.
And, several of those are still with us today.
And, how, from that moment forward,
at what point did you decide,
we're gonna rebuild this firm?
Did it happen instantly?
Did you take some time to think?
Well, as I said, I was on about the sixth hole,
and a guy came out, a USGA guy in a full jacket and tie,
and the other, you know, so many different things,
but, that Monday afternoon, I'm terrible at directions,
I'm the world's worst driver,
I don't know where I'm going, I hate being lost, alright?
And, I was in the office with Herman Sandler,
who is not a golfer, a brilliant guy,
and Chris Quackenbush who was a golfer,
and we were just talking.
It was about 11, noon, maybe one o'clock on the 10th,
and Herman said, Get out of here,
and Quag said, Yeah, but you won't even find the place
until tomorrow morning, you better leave now.
And, I said, No, no, I'm going today.
And, so, Herman Sandler, like, he grabbed my arm,
and he said, Look, get out of here.
Whatever you do, don't call in the morning.
Chris will be here, I'll be here,
everything is gonna be fine.
Shoot a good score and get in, whatever this is.,
which was the Mid Amateur,
which was supposed to be at San Wakeen in Fresno,
and I had a bet with this guy from Oakmont,
that the winner got to stay at Sam Reeves' house.
And, that's why I worked all that long way.
So, anyway, I drove up there,
I did get lost going up there, but eventually,
there was a storm, and I couldn't hit any balls or anything,
and I stayed, and there was
a lonely feeling in that hotel room,
and I'm thinking, I hope this was all worth it.
And, then I went to the golf course,
and I actually got off to a very good start
through six holes,
and then he came out and said, look, you know,
and I remember looking right at him,
and I said, My children and family, my wife.,
they said, You're fine,
they have nothing to do with this.
You have to call your office.
And he kind of went back and forth about calling the office,
I said,Just tell me., and he wouldn't,
and so, I actually hit a shot, hit a tee shot,
and I played with the guy, oddly enough,
I was qualifying with,
he won the Mid Amateur in the following year.
I think its Austin Eden, or whatever his name is.
Anyway, so after I hit that shot I said,
Forget it, let's go in,
so I went in,
and there was all this commotion,
and, I called,
I couldn't get through to my office, obviously.
And, I called my home, and Meryl Witmer was with my wife
and said that, you know,
a plane hit the World Trade Center,
and you better get yourself ready, that,
almost everybody in your firm is dead.
And I said A plane, what are you talking about, a plane?
Like a Piper Cub, I mean, what do you mean, a plane?
No plane's gonna hit the World Trade Center.
And then she said, No, this is a real plane, like a 747.
And, I said, Well, Chris was there., she said, Yes.
I said, Herman was there., she said, Yes.
I said, Bruce Simmons was there., she said, Yes.
You know, Jimmy Conner was there, she said, Yes.
She seemed to know this,
and I remember just, like, an athlete,
you're on a streak, you wanna stop it, I said, Alright.
And, I was down in the bag room,
at the Bedford club,
and then it started to come to me.
And so, at that point, I was still trying to figure it out,
it hadn't really dawned on me that it was terrorism.
We didn't have any terrorism yet,
that was the first real act within the country.
And then, this guy got on and took me to,
this partner of mine that lived in Bedford,
I went over to his house,
and, I think it was, Ashton Carter was on T.V.,
and he started to talk about this guy, Osama Bin Laden.
And the terrorists, they wanna kill
as many people as they can,
but the real thing that they're trying to do,
is have an exponential effect, to scare everyone.
And so, if you did survive,
they'd wanna intimidate you, so it would affect you.
And I remember that, like it was right off the bat.
And I remember thinking, well,
think about it, whatever Osama Bin Laden,
whatever he would like us to do, we'll do the opposite.
So he'd like us to run, we're not gonna run;
we'll rebuild the firm, we'll do what we have to do.
And, then, we had
270 million Americans helping us after that,
as well as people all over the world.
So, we then went to work,
first we tried to find out,
people that survived, or not survived.
Later that day, there was a fellow that had caddied for,
caddied for Barry Van Gerbig,
was the president of Seminole,
and he asked me to hire him as an intern,
because somebody had faded on this internship.
His dad was the Assistant Caddie Master
at the National Golf Leagues
So, I had hired this kid,
he came and he said
that he went to Boston College,
and he said, Mister Dunne, I know you went to Notre Dame,
does being from Boston College,
will that affect me negatively here at Sandler O'Neill?
I said, Son, let me tell you something,
if you had the choice to go to Notre Dame,
and you went to Boston College,
that will haunt you your whole life.
So, it's well beyond Notre Dame.
But, anyway, he was a world-class kid, this kid,
and smart as hell, and really good,
and he was a golfer like we all were,
and his dad was the Caddie Master.
So, anyway, he was there that day,
and so, his dad and I were going back and forth,
and I'll just never forget it;
and so, as I was going out to get to the train,
to get back to New York City,
he had called me and said they found Kevin.
And, it was just the most sensational feeling
I've ever had in my life, bar none,
because, like, if they found Kevin,
they could find everybody.
So I ran to the car,
and then this guy's wife came out and said,
Jimmy, you gotta take,
so I ran back in, and it was Mike,
and he said, Jimmy, they found Kevin,
it just wasn't our Kevin.,
and I remember thinking:
God, what a man;
there are other ways you could have reacted to that.
But, it was at that moment,
I went from this feeling that, you know,
hey, why am I so pessimistic, maybe everybody got out,
to They found Kevin, just not our Kevin;
that was when I said, they would have, they're gone.
And we gotta be authentic, we gotta be real,
we gotta tell people the truth,
but we gotta be prepared for what we gotta do.
And you had to be there for all of the families,
all of the employees, from that point going forward.
Was that, sort of, in your nature, up to that point?
Well, you know, we all did. Yeah.
We all did.
It was a collective.
Everybody was willing to help you.
And, I think this relates a little bit to golf,
because, as I said, I started,
I was 11 years old, saying I was 14,
in this caddie yard at Southward Ho.
And, it was apparent to me that
if you didn't play Gin Rummy, or play golf, you were done.
That was it.
So, I watched the guys play Gin Rummy,
and I was always good at math,
so I became pretty proficient at that.
And, then, with the golf.
And so then, there were
a lot of different kinds of people in that caddie yard.
But, they had status in that caddie yard.
And so, I became, this guy, Leroy,
he always had me as his partner in Gin,
and his partner in golf.
And Leroy didn't,
I wasn't there for my personality;
he knew I could play better cards,
and I was, like, 13 at the time.
And so, he had said, the kid,
the kid is under pressure.
And so it kind of became ingrained on me,
that whether I was or not,
I perceived myself as being very good under pressure.
And, I think, to some degree, I am.
So, when this happened, I remember thinking,
everybody that ever extended themselves for me,
at any point,
it's my turn now, to demonstrate that they were not wrong
in their judgement of supporting me.
So, whether it was Leroy Brown or Bill Sole,
or my father, or my mother, or my sister,
or Joe Mylan, who I used to caddie for,
go down on the list.
Whoever stook up for me,
because I'm not easy, you know?
I will tell you what I think,
I deliver the news with no Novocaine.
So, consequently, there's always tension.
But, I honestly believe that,
I didn't know how it would work out,
but I knew we were gonna die trying,
and I knew we would try to make,
always try to make the right decisions.
And so, that,
and with everybody else in the world helping us,
that's how it all started coming back.
That was so touching, to just,
recently go back through that,
and see how the community, the golf community,
the investment community, your peers,
your competitors, Oh, yeah.
Rallied around helping you
and your colleagues rebuild your firm.
And, no, competitors that I remember, like, through golf.
I mean, I knew Jack Welch, but I didn't know Jack Welch.
GE owned CNBC.
CNBC had got on there, and they made a report
that Sandler O'Neill was going out of business,
which was the last thing in the world
that we needed at that time.
I didn't even see it, I was in a room.
Ken Langone, another guy I met through golf, called me.
He said, I saw the thing, I'm gonna take care of it.
I didn't even know what he was talking about.
I came to me that they said this.
Later Jack Welch called me and said,
Jimmy, I want you to give me something to do.
I said, Well, Jack, you know,
this guy, Kevin Costello, said we're going out of business;
that's like the last thing in the world we need.
And, he said, Just stay right where you are.
Two minutes later, Kevin Costello, he called me;
I'm sure Jack was really nice to him when, (laughs)
and he's just, you know, and he said look,
we wanna put you on the air,
I said, Look, I don't go on air.
In our partnership agreement, Herman Sandler said,
I can make any commitment for the firm;
but, if I spoke to the press,
I lost a half a percentage point of my partnership
for every syllable.
And, that's actually in the partnership agreement.
But, he didn't want me in front of the camera,
which, I don't blame him, he was a smart guy.
So, that was abhorrent to me, but,
and then is fellow, Costello, came down to the firm
and said, Listen, I'm really sorry, I wanna do something.,
and he meant it genuinely, I mean,
I'm sure Jack lit him up.
And so, he said, You have to go on.,
and I did go on.
And, that had a rallying cry amongst our families,
and so, the momentum sort of started.
And we had a lot of people helping us.
But, this thing was interconnected with golf
the whole way though,
our lives are interconnected with golf.
Yeah, they sure are.
Stay right there,
we're gonna be back with more Jimmy Dunne,
right after this.
I want to beat all my friends,
and the rest of the people in the world,
when I'm 90 years old.
You wanna be the old guy going,
500 dollars, Yes, yeah.
You're never gonna beat me.
Golf is the only sport
where you're not even eligible
to play professionally on a certain level
until you're 50 years old.
Yeah. (audience laughs)
Okay, and, that gives a guy like me hope.
Most guys, if you're 35 years old,
you're not playing a professional sport ever again.
I can get on the tour when I'm 50,
and not a day before that age.
Think about it. I love that.
That's a good goal, too,
you got a little bit of time ahead of you.
(upbeat electronic music)
Alright, we're back.
This is Jimmy Dunne.
I love what you were saying before the break
about how much you learned
growing up into the game of golf
as a caddie, and then as a competitive player.
I think I read somewhere that someone said about you,
that he's not a weekend golfer,
he's a tournament golfer. Oh. (chuckles)
That when the bell rang,
you were ready to go, and are ready to go,
and that you're still playing a lot of competitive golf.
Yeah, I'm trying, you know.
I was here, I was thrilled to go over to your center today.
And, I told the guys before we started,
I said look boys, I really appreciate this,
but I got this driver, I'm not changing.
They kind of took it as a challenge, and,
man, by the end of the day
I was hitting these high hooks,
which I could never hit.
So, I'm trying to find more equipment,
I love the, you know,
Phil's got me using those wedges,
they really help my short game a lot.
So, I'm trying to get better, you know?
I do enjoy tournament golf,
granted it's not U.S. Amateur or anything like that,
it's whatever I can play in with a pencil on me,
and I enjoy it and I'm trying to get better,
and I think this equipment I got today is gonna help me.
Well, that's a goal.
I told you, when you came here,
we're gonna find some yards for you,
and we though you were the ultimate test
because of what you said,
that if it wasn't gonna be good enough,
it wasn't gonna go in your bag.
So we knew that was gonna be the challenge.
Well, I gotta take my 14 friends out there.
(Jimmy and Harry laugh)
I'm not that good,
I need every possible advantage I can have,
so I'm real excited about this driver
and the free would be irons.
I knew the wedges were good,
I've already had them, but
I've played with Reed, the last couple times,
in the last three AT&T's,
and so he's like, you've got the wrong equipment,
you gotta try this.
So, when I came down, you know, I think he's right.
He knows a lot about equipment,
and he's a tough competitor.
I wish he'd speak his mind a little more.
I get on great with him.
I'll tell you one thing, he's a heck of a partner.
Yeah. I like him as a partner.
He's a guy that grinds it out
until the ball's in the hole, isn't he?
and what I liked about it is he got on me.
I hit a tee shot once, I laid up,
and he'd come over and say, What are you doing?
Are you playing for second or third here?
We're trying to win this thing.
He said, You're no aggressive enough.
I said, Hey, Patrick,
let me tell you something, alright?
I've been on the planet for 58 years.
That's the first time anybody's ever said to me
that I'm not aggressive enough.
But, he didn't back down, he said, You're not.
Anyway, all the Callaway guys are good guys.
You're around big personalities,
I mean, you're president of big clubs
with a lot of type-A's in there.
I mean, you know how to kind of
keep everything on an even keel, right Jimmy?
Well, yeah, you know,
I always liked that line,
when they asked Willie Davis about Vince Lombardi.
This was in the 60's.
Willie, does coach Lombardi treat the black players
different from the white players.
He says, no, he treats us all like dogs.
(Jimmy and Harry laugh)
And I think that if you are
at a club with a lot of type-A's,
there needs to be an alpha dog,
and that's just the way it needs to be.
I think some of the best clubs,
and maybe I'm prejudiced,
but some of the best clubs are run by one guy.
Yeah, I'm glad that you haven't lost that edge,
because ever since we, sort of,
you committed to being on the show,
I don't know if you've met this guy,
but our A.J. Voelpel, who is from New York,
he's one of our only New Yorkers here,
fashions himself as quite the deal-maker.
And so, Another one? (laughs)
Yeah, so he said, When Jimmy gets here,
I'd love to pitch some finance ideas,
some mergers and acquisitions to him.
Problem is, he knows nothing about finance.
But, he thinks that he's a deal-maker,
and he knows a lot about golf.
So, he was hoping he could pitch some ideas to you,
and just see what you think.
Let 'em rip.
They call me the Roadrunner of Rutherford Road
for a reason.
Because, nobody can make a deal quicker than me, okay?
So here we go.
[Harry] Is that like the Wolf of Wall Street?
That would be and awful movie.
He looks a little like Leonardo.
Listen, let's get to business, alright?
Time is money, time is money.
16th hole at TPC Scottsdale,
we need to buy every 16th hole of every golf course
on the PGA tour,
and turn it into the Waste Management 16th Hole.
What do you think?
[Harry] Would that be an acquisition?
[A.J.] Yes, of course it will be an acquisition.
Leave Augusta out of it.
[A.J.] Leave Augusta out of it?
I think Augusta is doing fine without your help.
But, I like the atmosphere,
I think it would be kind of fun,
Ex Augusta or ex The US Open,
but everywhere else, you can go ahead and do it.
Alright, well, listen, I haven't had a bad idea yet,
so keep that in mind.
Alright, acquisition number two
[Harry] Is that another acquisition?
You are going to love this one.
Acquisition, Pro Tracer, put in in every
chrome soft golf ball that we make,
no more lost golf balls.
It's a no-brainer. No, no, no.
It's a no-brainer!
Listen, I've had my shots on video today,
nobody under 18 should be able to witness that.
That'll hurt your sales, you don't wanna do that.
Leave it to the pros.
You should put some costs on this stuff
when you're doing, like,
so that would be like, what, like
38,000 dollars per golf ball to put it in there?
We'll work on that. A little less
[Jimmy] And it would reduce sales.
So, what's you next idea?
Alright, if you guys don't like printing money, then.
Acquisition number three, shot clock, 24 second,
we by it from the NBA, we use it on tour;
24 second to hit your shot,
or a two stroke penalty.
Oh I love that. You like that one?
And we'll institute,
we'll start it in Seminole right off the bat.
I'm all for that.
I mean, we take the golf game,
it's crazy how long it takes.
I think they even mentioned that, on the AT&T,
when you were on one of the holes,
they said, Oh, there's Jimmy Dunne.
He's not taking much time on this putt.
No, I don't take much time.
You know, Jimmy Demaret said,
if you're gonna miss it, miss it quick.
Alright, last one.
[Harry] Last one.
This is a merger. We're gonna merge.
The tax code and the rules of golf.
[Harry] The tax code and the rules of golf.
We're going to make it into a children's book.
So everybody can understand it.
[Harry] I like that.
Good luck with that. What do you think?
What could be more complicated?
What do you think?
I like that idea.
There's not enough trees
to print that on everyday.
Listen, I know a couple of IRS people,
I'll put in a good word.
Just don't use my name, okay, with them, alright?
There may be a little hostility there
I like that: Election season, people could
run on a platform and make it a little simpler.
You could tell them all to talk all about it.
They love talking anyways, so who cares.
Are you a rules guy?
I'm terrible. Yeah?
I mean, I'm always amazed at the little I actually know
for how much golf I've actually played.
When they get into the decisions, I mean,
I'm pretty good on the major fundamentals,
but, boy, when it gets like,
ball hit, A hits ball B,
I'm like, get me an official over here.
What do you think, A.J.?
Does he have what it takes to make it Sandler O'Neill?
I don't know about that,
Listen, how do you think I afford
my 1999 Dodge Stratus payment every month?
He has a presence, he doesn't take himself too seriously,
so that's a good start. That's passion.
[Jimmy] Humility is a good thing.
Time is money, time is money, I gotta get back.
Okay, thanks, A.J.
That's A.J. Voelpel.
So, we were talking before the show,
and one of the things that you said,
or, I'm paraphrasing a little bit,
you have as much passion, if not more,
for the game now, playing the game,
than you did 20 years ago.
Where's that come from?
I tell you, I've always, when I grew up,
I was blessed because I had four sisters,
I've got a good family.
It had it's issues, like every Irish family has,
but my father, who was a really smart guy,
he was not a college guy or anything like that;
he said look, there are three critical things,
other than your faith and your health.
He said you gotta do good enough in school
so you can go to the best school you can go into.
He didn't go to college,
so that for me was Notre Dame, which was fabulous.
He said, you absolutely gotta marry the right girl,
which, I'm not sure he did, but I did.
So that was good advice.
And, he said the third most important thing is
you've gotta get good enough at golf
so you're scared to death on the first tee.
And, if you do those three things, you're gonna be alright,
it was really good advice.
So, I've always, when I was trying
to win the caddie tournament,
trying to win the school boy thing,
or trying to win anything, I just really,
and I think it goes back to this idea about,
he can play when it counts.
And I love the feeling, you know.
You don't always perform,
but occasionally, when you do, it's exhilarating.
And, maybe it's because I wasn't very good,
but I don't feel like,
I think I'm better today than when I was when I was 35.
So, that shows you how lousy I was when I was 35,
that's the first thing.
but, I still feel like I have a chance,
and I wanna try to qualify for the Senior Amateur,
because I always felt like, that 911,
that was my good chance to get into a USGA event,
and obviously that didn't happen,
and then for several years after that
I didn't play any golf.
But, I think that,
I'd love to get that one thing done,
because that would be one thing that I'd like to just do.
Well, we're going to help you get there.
And, I'm not counting you out on that.
If there's anything that we've learned from you
it's that if you put your mind on something,
bet on it to happen.
No, I'm gonna try hard, I enjoy it.
Well, we really appreciate you being here.
Thank you so much, Harry. Thank you so much.
Great, thanks a lot.
That's Jimmy Dunne.
This is Callaway Live.
Next week Lydia Ko will be here.
Make sure you watch next week
Thanks to Lydia.
Morgan Pressel will be here as well.
Enjoy your week, thanks everybody, for watching.
We'll see you again, on Callaway Live.
(upbeat electronic music)