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00:00Excuse me sir, question for you. Have you ever been broke before?
00:04Yeah, I've been broke.
00:06What did you do for a living?
00:07I was in Wall Street.
00:08And what did you do after Wall Street?
00:09I'm still doing it. I manage money.
00:11What was the most amount of money that you ever made in a single year?
00:13It was income.
00:15How much was that?
00:1614 million.
00:1714 million dollars.
00:18What is one lesson about money or business that you would give to somebody that they will not learn in school?
00:22It's very simple. Believe nothing that you hear and only half of what you see.
00:27Because the other half is an illusion. And that's the most important thing I could teach somebody.
00:31And in your opinion, what's the best industry people should be looking to get into in today's world?
00:34It's gold.
00:35Why is that?
00:36In January of 23, the central bank for all central banks in the world came out with Basel III.
00:41And it put gold as a tier one legal asset in the global banking system.
00:46There's three legal assets, tier one. There's cash, sovereign bonds, and now gold.
00:51So gold is where you want to be.
00:52Are you a business owner?
00:53Well, I run money.
00:54What was the greatest lesson that you learned about entrepreneurship?
00:57Every dollar you think you need to get into business, add 10.
01:00Because you're going to run out of money.
01:02And the most important thing in my life that makes me successful is finding the right woman.
01:06This is our 62nd anniversary today.
01:08If you're a man and you're going down a path that has a lot of challenges, most wives become part of the problem.
01:13I have one that became always part of the solution.