1
Previously on "Billions"
[Chuck] You've been with him longer than
you've been with me.
You and Axe
that's deep, and I fucking hate it.
[Hall] I've got a source, a janitor.
That's as high as I
can nail down so far,
but he's already coming through.
I'm gonna get you back from
Eastern and make you happy.
- I'd like to be happy.
- [Bryan] Got this made
'cause I was so fucking proud of Chuck
for pushing back.
You know I didn't drive all
the way up here to Westport
to give out "attaboys.
"
Had to bring the kick ass with love.
Bad day.
Something happened.
- But I'll fix it.
- Wendy?
- You can't trust her.
- I need an adjustment.
You're finally ready for a real session.
- I take care of my people
- [gunshots]
same as when Mick Danzig
gets tackled on his lawn
with a machine gun in his fucking hands.
I'm the one who pays off the cops
to make the problem go away.
That's what I do here.
Took me apart, put me together again.
pensive music
[both laughing]
dramatic music
[leather creaks]
Mm.
[Gasps] Red!
You didn't get permission from Wendy?
She's intractable.
[shower running]
[faucet squeaks, water drips]
[laptop clicks]
dramatic music
[Sly and the Family Stone's
"Everyday People" playing]
- Sometimes I'm right [door closes]
And I can be wrong
My own beliefs are in my song
I woke your assistant and made
her tell me where you were.
I need to have her fired.
That's what I'd do, but
you're nicer than me.
That I am.
Our comp meeting will
happen as scheduled.
Your bonus will reflect
your overall contribution
to the firm, as always.
I
But I needed to do
something else for you
Everyday people
after what you did
for me the other night.
[inhales sharply] Something special.
- That's for you.
- Axe.
For living with a fat one
Trying to be a skinny one
Different strokes for different
This is un-fucking-believable.
Thank you.
- And scooby dooby doo
- This time, thank you.
We got to live together
Okay.
I gotta go.
I'm on my way to meet Wags.
Starting a capital raise.
We are the same
After our session,
I had the sudden clarity
that we were ready,
that I was ready.
- You can't figure out
- Go get 'em.
- The bag I'm in
- I will.
- [kiss]
- I
Am everyday people
I see it
Yeah, yeah
looking at you, that you're ready.
But they may not be.
At least
not yet.
And so on and so on
and scooby dooby doo
Ooh
Sha sha
I
Am everyday people
[song ends]
[horns honking]
[telephone rings in distance]
- [man] Good to see you, man.
[footsteps]
- Ah.
- Welcome back, Lonnie.
- Can't thank you enough.
[Sighs]
- Mm-hmm.
[clack]
- Please.
- Excellent.
- [door creaks]
- [Chuck] Uh
Don't even unpack.
I've got an assignment
that has to happen now.
I'm listening.
There's a tip that I need
you to bird dog for me.
Well, I'm birdy as a springer spaniel.
What is it?
Criminal behavior perpetrated
by Bobby Axelrod.
I thought the office
got that case pulled.
Well, this case would be different.
It's not white collar.
Uh, federal firearms.
Bribery.
[exhales deeply] That's a monster.
Yeah.
It can't be tied to me.
- Ah.
[Exhales deeply]
- Yeah.
Start in Greenwich.
Mick Danzig.
- D-a-n-z-i-g.
- [pen clicks]
Now you loop Connerty and his team in
when the time is right, but again
- [pen clatters]
- leave me out of it, Lonnie.
- [pen cap clicks]
- Yeah.
I'll jump right in,
keep your involvement entre nous.
- [paper rustles]
- Very good.
[vehicles passing]
[Wags] Why do I have to carry this shit?
[Bobby] I'm not gonna carry it.
You know the drill.
Principal comes in unburdened,
free but for his brilliant ideas.
And the COO he lugs the books
like a schoolboy with a crush.
There's no reason to
even have these books.
This info can fit on the flash drive.
Do you know why we wear ties?
To signify seriousness of purpose.
- [sighs]
- Ours is not to question why,
- but to do, if
- [horn honks ]
like the schoolboy, we want our kiss.
Roller coasters are great
at an amusement park.
- I love 'em.
- [horns honking in distance]
The ups and downs are what
make it worth riding.
Not so much in an investment vehicle.
Unlike a roller coaster,
our returns only go up.
[binder thudding]
But your life, Axe
[chuckles] The fund's profile.
You went from managing 10
billion in outside money
to half that.
- [man] All of it yours.
- That's true.
A year like that makes
you question everything.
Makes you find new answers, too.
What'd you figure out?
That it's all about my why.
- [clatter]
- [sighs] I don't get to think
about business in such
an esoteric manner.
I have to evaluate risk, reward, return.
That's it.
And to that end [sighs]
my people have a few questions.
Your Sharpe Ratio's very low.
How does an idea turn into
an investment at your shop?
[man] What's your mosaic
theory at Axe Capital?
Fees from funds like ours
used to pay your overhead.
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