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Wall Street takes the brightest people
and smashes them insipid statement on a
00:00:14
regular basis there's only one bottom
line on Wall Street and that bottom line
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is how much money you make one of them
was stressful job on earth and you have
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stress every single second not everybody
gets right greed is ugly make as much
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money as you can
so that you can get out of there before
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it turns you to the dark stuff
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it's Saturday morning and I'd like to
get a jog in in the early morning
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usually run a couple days a week today
is a special day I'm going to be
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drinking all day with my buddy add sort
of be some drunken golf and then has a
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big date tonight with a beautiful model
so it's a big day for me so we managed
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to escape for a nice weekend as an
inheritance
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when Wall Street crowd has really helped
make this place what it is
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this place is chock-a-block the guys in
finance
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it's your crowd your social set
everybody has sort of congregated here
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there are preferences some people want
to be in South some people want to be in
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East you know they're all beautiful
everybody lives the wrong way out here
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my preference is to live very nicely but
not to do it in a very fussy way most of
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the time the focus really is around my
daughter and in trying to spend as much
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time as I can I don't generally get to
see her during the week because I'm in
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town working and everybody else is out
here so it's really a great opportunity
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to sort of regroup and it's probably the
thing I love to do the most
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I spend my summer weekends primarily in
the Hamptons and pretty much everybody
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that I know is out there so there's a
lot of socializing going on and an
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opportunity to network networking is key
to success in this business you really
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need to go out there and meet people you
make yourself useful to their causes you
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have to have good social skills be a
people person it's a constant process of
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giving and receiving and if you're not
exceedingly boring yourself then you
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know it's fun
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I'm very excited to be a polo today
because although I go writing whenever I
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can which isn't that often in New York
I'm excited because I've never been on a
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polo horse before I'm used to riding
dressage horses or western-style Oh get
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her up on on a polo pony teach how to
swing a mallet teach her how to ride a
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little bit and I know how to write see
how she does follow the hardest thing
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you can do is stand the horse so no
merit and keep on are my Nexus or I mean
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if I were writing a message in Japan so
this source is Steve he's about seven
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years old
you're gonna love them he's very calm
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relative to polo pony
so these are is rings when you teach you
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how to hold the pole arranged so you
choose a mallet that's based on the size
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of the horse that looks good
put your something like this here you so
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you're going to use a whip oh really
careful how you use it a lot of stuff to
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hold I have to say Oh me we met through
mutual friends a while back and always
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stayed in touch
sandy and I both work in the Wall Street
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world I own an investment bank and an
asset management business and that
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allows me to play polo on the weekends
this week I was in Scotland Berlin and
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Paris but came back for the weekend for
polo because it's so much fun
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most of the guys here have been
successful Wall Street professionals in
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their careers in fact as I'm looking out
on the field I can tell that they all
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are these are all Wall Streeters
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today the birthday of the week it's a
barbecue day in the pool
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buy some shopping and enjoy yourself
with the 10 million with the front for
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me personally did well in Wall Street
and I very happy you know but I can go
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buy anything I want
if anything I want Drive anything I want
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we wanted a to Brighton Beach it's a
small street which is probably half a
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mile inland it's right by the ocean what
are the Russians actually believe in New
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York the live in Brighton Beach and we
feel like whenever left home in Russia
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my parents my sisters and my
grandparents we used to leave in a small
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two-bedroom apartment the bathroom was
outside in order to have hot water my
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grandparents have to boil it so it was
an extremely hard you got used to very
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little for example in Russia you know if
you want to go buy cheeses of one
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cheeses just a cheese everything made in
a database nice interaction always the
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Wall Street doesn't really care what the
nationality what language you speak look
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at are you so I'm gonna top 2% in United
States as far as a money-making and a
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really product its no meat without fiber
people you got a have far signal
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we are going to play a little bit of
golf
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this is my friend Edie he works for a
bank doing boring bank stuff and I'm
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trying to get him to into the hedge fund
world because a lot better pay and you
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underpaid since we don't have a lot of
golf balls we're going to use one ball
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so no matter where your ball goes you're
getting it because that's where you're
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playing some I don't care if it goes in
the woods I don't care if it goes into
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ponds you're getting your ball come on
baby all I'm good one Tim should be
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atrocious hey not too bad
do it we're leaving don't leave without
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mark catch up to me catch up
give me the right flag haha we didn't
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know on the fairway I'm hitting it to
that flash I don't care picture shot I
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know
oh boy beautiful oh boy oh boy oh boy
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hello a golf cart you're on the green
almost no I'm on the wrong oh we got
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people ahead of us - I don't think I'm
gonna hit them - you know is there a
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positive you know I will pay you a
million dollars if you hit that food
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you're not going to hit a guy you can
barely hit at 50 feet let's go oh you
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gotta fight this whole one ball ring for
my game is really bad I do yeah stupid
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ball
what move your ass we got deer in our
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field of lamb I'm gonna run you guys oh
come on we're no family run runs and zi2
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work of art oh gotta get it together
it's in like alligator Sarah's already
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I'm not going in there hey I invited you
go up and get your ball it's been in
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your shoes get in there oh these are the
rules I don't like playing viola rule
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get in there go yeah you would what it's
either an egg of an alligator or my ball
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let's find out get it wrong that's how
we play John Holmes this is another good
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piece of wall street slang it refers to
when you're really really long a
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particular stock so you got so many
shares that your John Holmes on it
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you know doing a deal is really
fantastic
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riding a pony is just as good because
it's about being better being the best
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being number one it's all about winning
and when you get it you have to hit it
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with the open face of the mallet just
practice just like that there you go
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beautiful there you go beautiful move
your mouth back now quick almost I love
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the power of horses their energy just
the force and form a unity with them and
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just conquer the world I started writing
when I was eight or nine I got private
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lessons every single day and I wrote
numerous tournaments but then it kind of
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subsided because I started attending law
school and had enough time for it
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anymore
come on Oh almost a on that's so
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annoying forward now okay good try I
think I need to get a feel on how to hit
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the ball so I just try without the
mallet once just to get it well okay
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this is really great because I get to
tell sandy what to do she doesn't always
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listen to me I have to get a better feel
for the distance to the ground and then
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I can beautiful okay you want to break
no okay let's go make the kissing sound
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no kissing up follow is not something
that someone can just get up on a horse
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and start doing you have to really be an
experienced rider Isis very comfortable
00:10:22
on the horse because really when you're
trying to hit the ball you may hit their
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face you may hit their feet or they side
and they do not get freaked out at all
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starring at Steve just elements that
you're not used to like the mallet
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that's a little bit different but I love
it
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United States is beautiful you have a
capitalism you know we have to go just
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make money and then you can buy anything
I'm wrong given misinformation pitocin
00:10:52
when I was in school when we were
learned in the history of Russia and
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United States it was a big deal the
capital it was bad Uncle Sam is bad
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excesses but you know nine figure out
the complete with what I learned
00:11:04
everything was couple of laps I
personally believe that capitalism is
00:11:10
good Harvey do a lot of people want me
to become a money manager hedge fund
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manager know I've done very good returns
since the day I came to the industry no
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very safe player but it's a big step
it's a huge responsibility now I they
00:11:25
trade my own money
if I lose I lose my own money but you
00:11:28
know when you play with other people -
you better figure that I mean it would
00:11:32
cut five o'clock in the morning you got
to make sure that you stick in the good
00:11:35
positions you know I come home five
o'clock I spent a time with the family
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and I don't have to worry about what's
going to be a Monday but you know if you
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get into that business it's completely
different you know I guess not
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everything you dislike about the money
we we made 13 years ago through my
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wife's girlfriend
you know so I went out was a very
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wonderful date I fell in love right away
from the first month first moment and it
00:12:07
to go home in a way to elevator I wanted
to kiss her and she said in order to
00:12:13
give kiss you gotta get in there that's
how we got married it is exactly it took
00:12:18
exactly four days it's absolutely true
it's a lock on Wall Street you've got to
00:12:22
make a decision fast if you don't make a
decision fast I do well on my seventh I
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get them up in the air I gotta
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Sears Golf is not golf without beer look
at that hook look at my shot
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come on look at this kid this kid had a
rough night last night go focus come on
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we're up thanks mate yeah pretty close
get out of the car get out oh my god oh
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man do I feel like crap it's your shot
it's a quote Thanks oh I don't think oh
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that's like a hurl position this is the
worst day Oh
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Oh losing a bodily function Oh yesterday
coming out here you know we had one of
00:13:20
those days is really arduous where you
know you can be right for 90% of the day
00:13:25
but it's the last 10% of the day that
just kills you you need to be able to
00:13:30
say you know Monday will come you know
there's nothing you can do between now
00:13:36
the close on Friday and Monday morning
there's no way that we can affect what
00:13:40
we do we couldn't trade if we wanted to
at this point anyway so you come out to
00:13:45
a place like this and you and you rest
you have got to shut down a little bit
00:13:50
it is not possible to always be wound up
I mean there are guys who do that and
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then suddenly they drop dead good boy
you know I was an athlete my entire life
00:13:59
of pointing to the last three four years
I'm undoing the last 20 as a consequence
00:14:04
of really being noticed the grind seven
where he gets things done
00:14:09
what I've done is basically replicated
exactly what I have on my desktop in my
00:14:14
office out of the beach so that I can
see precisely what's going on I can see
00:14:19
literally every single thing that I see
in the city a weekend it allows me to
00:14:23
relax even a little bit more because I'm
not worrying about rushing into the
00:14:27
office on Monday to figure out what to
do next what did the market do what did
00:14:32
what we own and what we're sure do what
groups are strong what groups are weak
00:14:36
that's not something we want to leave
for five or six o'clock on Monday
00:14:39
morning there's far too much else going
on in the way of real news it never
00:14:44
stops
this is a business if you don't control
00:14:46
it it is definitely going to take
control and control you it's very hard
00:14:53
to draw the line and networking doing
personal interaction and business
00:14:57
because oftentimes it over left I really
enjoy being a deal maker putting
00:15:04
together the deals but part of that is
to raise money for those funds so I have
00:15:09
a lot of context in the institutional
work after you've known them for a while
00:15:13
it's very familiar kind of relationship
and you contact them and you say hey I
00:15:17
know this guy and his investment
strategy as follows and he has had
00:15:21
really good returns with low volatility
and typically they start funding at 25
00:15:26
million and up we don't even say million
now and just talk about 25 50 100 200
00:15:31
that's usually how it goes
00:15:35
I believe once to report the two highest
IQ job The Wall Street and Chris you can
00:15:47
see how they both can use pray right now
since ed quit I'm I've won I haven't
00:15:56
quit oh look at that pond it's
disgusting
00:16:24
on the green Oh God was never meant to
be played this way thank you so much
00:16:36
not bad oh how we send this down Cheers
let's go home I gotta get back to the
00:16:44
city now I've got a big date tonight
I've got pizzas on myself awesome
00:16:48
awesome
yeah cheering to that I think we should
00:16:50
swap oh don't break my bottle I think I
want to go you can have the pizzas I
00:16:55
don't think so okay
00:17:01
this is my motorcycle I love it 124
horsepower 126 pounds of torque and it's
00:17:11
pretty damn quick same as me when I
trade that in the rest of this wife just
00:17:16
a little past
her name is a nightmare can't get better
00:17:20
than that
that's my pride and joy everywhere I go
00:17:24
the people stop me and look at it it's
just a blast from what they won they
00:17:27
bought it every time I take this bike
out I'm enjoying myself
00:17:38
borrow money I love coming to the beach
because it's the quickest and surest way
00:17:48
to decompress it's very quiet here it's
never crowded because it's a private
00:17:54
beach and just seeing the water and
inhaling fresh air is a great change to
00:18:00
New York I come out to the Hamptons
usually on Friday I'm invited my friend
00:18:04
Bluff houses here like this weekend it's
a couple venom staying with and their
00:18:10
children so it's a very nice atmosphere
very kind of family-oriented because of
00:18:14
my job and because of where I live
everything is kind of a headache a
00:18:18
little bit so here it's easy
I'm from Dusseldorf which is in the West
00:18:25
western Germany closes on the former
capital I don't miss Germany too much
00:18:30
I'm I'm too busy and also New York has
too much to offer
00:18:35
you know you know people to work and
they invite you to their parties and
00:18:39
then they introduce you to their
families and and there you meet other
00:18:43
people who may become primarily personal
context but it may also always play into
00:18:48
business you go to one party you get ten
invitations for other parties it's kind
00:18:53
of a snowballing effect sometimes it's
even hard to streamline it because I do
00:18:58
have to work for a living
00:19:07
when I think of Wall Street I primarily
think of the type of people in a truck
00:19:11
and I would say it attracts mostly very
goal-oriented persistent resilience
00:19:16
types of people people who know that
there's only one bottom line and that
00:19:22
bottom line is how much money you make
right shot
00:19:39
this is a great girl that I'm going out
with tonight
00:19:42
she might be a model but she's a very
nice model it's pretty bright she
00:19:48
actually has a sense of humor she really
has a personality just a lot of rare
00:19:52
attributes I'm pretty excited it's a big
night for me
00:19:56
we get a big ice sculpture it's crazy
and cool um they have some really good
00:20:02
drinks here too like I don't know I
don't drink that crack I drink like my
00:20:08
jerky soda my drinking I know I don't do
anything you know I'm in it for the long
00:20:16
term now like I can't do with you all
right please
00:20:24
sushi is I said dig this sushi I can eat
something every day
00:20:28
welcome to my life I do eat sushi I have
a $500 a week sushi have it there Wall
00:20:35
Streeters and I know are not very cool
they're all very serious very you know
00:20:40
each other sense but now you are an
exception I must say I appreciate that
00:20:46
but either like a lot of like like young
ones know most young people are like
00:20:54
bitches and their firm they like get
people calling stuff say my god the ones
00:20:59
that I know that's why I started my own
firm I'm never the bitch a hedge fund is
00:21:05
basically just a company that tries to
make money for its investor and we take
00:21:12
it caught from what profits we make them
so our interests are completely aligned
00:21:17
with our investors whereas if you're a
mutual fund all you do is take a
00:21:22
management fee it doesn't matter if you
have a good year or bad yet you take
00:21:26
your management fee their interests are
not aligned with their invested that's
00:21:30
why hedge funds are better in my opinion
00:21:35
I see what you're saying really yes how
did you do in the tennis tournament
00:21:41
rather way University of names whoa
now it's a pretty good loss but it was
00:21:51
like you lost to a bunch of cloth you
know them
00:21:55
I do cool emotional when you get done I
get emotional you know I don't know if I
00:22:04
go that side that's awesome
bring it on tonight that right there my
00:22:12
frequent karaoke card forgive that look
at how many stamps I've gotten the cool
00:22:17
thing is that this place is open till
8:00 in the morning
00:22:20
this is my late night slave most guys
bring their girls back to their houses I
00:22:25
bring them to karaoke and YRC very
testing distant testing ah I get good
00:22:35
audio Rebecca but Richard calm this is
the what a cocksucker you know melons no
00:22:43
smell it I traded balls assailant I'm
excited about making Paul joke that's
00:22:49
just embarrassing
successful husband did the person make
00:22:53
money faster than the wife can spend it
00:22:59
you