Yeah. You’re right.
I find that if you watch enough videos, you’ll find one or two that really hit you hard.
Or you may even find a channel or speaker that you like.
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Feel like complaining? Feel like giving up?
“I truly feel like all of my dreams have come true. As you look at me, some of you might wonder how someone born without arms and legs could say that. I was very fortunate to be blessed with parents who disregarded the advice and logic of doctors to institutionalize me as a baby. Not having knowledge or experience in raising a child with a disability, they forged ahead with love and faith. And that was enough.“
“I am living my life to fulfill my purpose of sharing a message of hope.”
She didn’t give up, and neither should we.
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Bill Perkins shares his journey from peon to making $100M annually in energy trading.
I make $100M/year … I’m going to die with $0
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I didn’t think that funds would specialise in a specific industry.
That’s like a fund that specializes in the automotive industry.
It just seems too vulnerable and narrow to me.
But, he’s done quite well. So, I was wrong.
Dude has an interesting story, though.
In 1991, watching the movie Wall Street, Perkins knew that he wanted to work in finance and become rich.[3]He hung out for 3 days in the lobby of a company hiring screen clerks, persistently asking for a job as a peon.[3] Perkins then became a trainee for a clerk on the New York Mercantile Exchange at 4 World Trade Center, checking trade logs against computer entries.[3] He started off making under $16,000 per year, which he justified because he was getting experience.[3][4] He received raises rather quickly.[5] In the evenings, Perkins drove a limo for traders, sometimes receiving large tips.[3] At night, he lived with his parents and read books on trading, the oil market, and options.[3] He eventually moved into a shared studio on the Upper West Side.[3]
In 1995, during the deregulation of the electricity market in Texas, Perkins moved to Houston to run a trade derivatives and options desk.[5]He was employed as a trader and risk manager for El Paso Energy, Statoil, AIG Energy Trading, and Zahr Securities.[6] By age 30, Perkins was a millionaire.[2]
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That’s how you hustle your way to success.
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What Is a Hedge Fund?
A hedge fund is a limited partnership of private investors whose money is pooled and managed by professional fund managers. These managers use a wide range of strategies, including leverage (borrowed money) and the trading of nontraditional assets, to earn above-average investment returns.
Private Equity Funds
Private equity funds more closely resemble venture capital firms in that they invest directly in companies, primarily by purchasing private companies, although they sometimes seek to acquire controlling interest in publicly traded companies through stock purchases. They frequently use leveraged buyouts to acquire financially distressed companies.
Unlike hedge funds focused on short-term profits, private equity funds are focused on the long-term potential of the portfolio of companies they hold an interest in or acquire.
Mutual Funds vs. Hedge Funds: An Overview
Both mutual funds and hedge funds are managed portfolios built from pooled funds with the goal of achieving returns through diversification. This pooling of funds means that a manager—or group of managers—uses investment capital from multiple investors to invest in securities that fit a specific strategy.
Mutual funds are offered by institutional fund managers with a variety of options for retail and institutional investors. Hedge fundstarget high-net-worth investors. These funds require that investors meet specific accredited characteristics.
What Is a Money Market Fund?
A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include:
- Cash
- Cash equivalent securities
- High-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries)
Money market funds are intended to offer investors high liquidity with a very low level of risk. Money market funds are also called money market mutual funds and are insured by the Securities Investor Protection Corporation (SIPC).
@SmallPaul @TYGMedia @tommor
If you were to create a fund, what kind of fund would you create? (Assuming you already have the credentials, capital, and skill to create/manage them all.)
Also, what kind of corporate culture would you like to have?
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Hi @dushimes, I will establish a hedge fund firm. There will be more options to pick, bigger fund, easier to manage risk.
I will limit the operational into financial instrument only. I will assemble trading team, to manage the fund. I will prefers automated system monitored by the team.
The fund will be clustered base on risk. I will build a research team to find hidden opportunities in term of new instrument, methodology and system. This is what I found the most critical part to survive in the industry.
When the fund is getting bigger, I have to design a hierarchy of fund managers. It will nurture the junior, in the same time performance can be maintained. 
I think I talk too much 
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So, no corporate buyouts?
That kind of investment requires lots of attention and involvement.
“Room for upward mobility”? Haha
It’s good you’re gonna help junior analysts grow and get better. That’s good for employee retention.
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As a junior analyst, I would be trading my own money on the side until it grew to the point I wouldn’t need to work for a company, but that’s just my perspective.
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Hi @dushimes, the key is automated system. So, it won’t leak easily, hardly can be replicated without sufficient skill. 
If I need to acquire a company, it will be done by deal, just like how a venture capital is operated. I had joined 6 startups (IoT, telecom, IT Services, FinTech) , what can I say, from 50 startups there will probably only 1-2 have future. During my time in startup, I was taught on how to “rob” and cheat money from the angle investors. We made up plan to convince them by only showing EBITDA. So why do I need to risk my investment through those crappy companies ?
Yes, this one can’t be avoided. The members of my group are doing it. Since the benefit for being in the group is a lot bigger, we stay in. We work remotely, and due to time different, the company is literally working 24 hours
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So, there’s no need for an office!
You could have a team of investors working together remotely, and you guys meet up together once or twice a year.
What a dream! People can work wherever in the world they want.
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Hi @dushimes, office is still required. Only trader can be abroad. Executive, HR, admin’s job are done as usual. No address means no credibility, no client will have interrest
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That’s a very good point!
How did people rob and cheat from angel investors?
Check out The Daily Stoic - Podcast. Each episode shares Stoic quotes and practical tips to help build resilience and stay focused. It’s a solid choice for anyone interested in using Stoic ideas for personal growth.
Here’s the link: The Daily Stoic - Podcast
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Video about how Walt Disney turned an “impossible” dream into reality by creating Disneyland. His determination and belief in the idea helped him overcome the doubts of skeptics, and today the park is an iconic destination for millions
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Adidas was founded by Adi Dassler in a small German town in the 1920s. He started by making sports shoes in his mother’s laundry room, focusing on quality and innovation
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Be careful with your money!
This channel has lots of stories from people who have interesting financial stories.
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