WEBVTT - Study Hall: HOW TO ANALYZE A STOCK

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:00:31.760 --> 0:00:34.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>So talk about what's the most important thing to look

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<v Speaker 3>for in looking at a company and start. I mean,

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<v Speaker 3>so anytime you analyze in the company, I look at

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<v Speaker 3>it the same way, the same way Steph Curry shoot

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<v Speaker 3>the same free throws. It's like building a repetition, right.

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<v Speaker 3>And it's like I always say, start out with a

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<v Speaker 3>holistic view. Right, holistic view, Do I like the management team?

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<v Speaker 3>Do I like how they are putting this company in

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<v Speaker 3>the right path? But then I'm like, what's the opportunity

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<v Speaker 3>set of this sector?

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<v Speaker 2>Right?

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<v Speaker 3>If we're talking about retail companies at the time, right

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<v Speaker 3>twenty twelve or even now for that matter, we understand

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<v Speaker 3>because at that time, not only was they losing out,

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<v Speaker 3>but they had price match. So like you could literally

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<v Speaker 3>go to Jake, you could go to Jcpenny or Target

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<v Speaker 3>or whatever. You'd be like, Yo, you pull up on

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<v Speaker 3>your phone, your Walmart got the same TV for one

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<v Speaker 3>hundred dollars less. They got to match it, right. Price

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<v Speaker 3>match started coming out at that and so you're looking

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<v Speaker 3>at holistic view, management team, opportunity set is this business?

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<v Speaker 3>Is it cyclical? Is it declining or is it expanding? Right,

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<v Speaker 3>So we talk about you know, electric vehicles, that business

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<v Speaker 3>is growing, Right, It's a big oportunity set and we

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<v Speaker 3>still haven't reached this full potential. So my holistic view

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<v Speaker 3>is like, is this company or one is this in

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<v Speaker 3>a sector that's growing or declining. And then is this

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<v Speaker 3>company does the how much market share do they have

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<v Speaker 3>and do they have the ability to get more or

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<v Speaker 3>do they have the ability or I'm sorry or is

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<v Speaker 3>it other companies that are actually coming in and taking

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<v Speaker 3>market share? So if you look at Apple versus BlackBerry back,

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<v Speaker 3>I remember the ticker, I think black Beerry was like

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<v Speaker 3>rim or something. And if that's the case, you looking

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<v Speaker 3>like man rim. They can't compete. Right At the one

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<v Speaker 3>time BlackBerry had you know, they had a the type

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<v Speaker 3>of software that you couldn't crack. So that was the

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<v Speaker 3>thing all Wall Street people had, they Blackberries. But then

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<v Speaker 3>Apple ended up getting the same thing. They took all

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<v Speaker 3>their market share. So you're looking at saying does this

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<v Speaker 3>company have that moat? I know shut out in he

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<v Speaker 3>say mold a lot or that do does this have

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<v Speaker 3>a moat? But also you know you're saying is their

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<v Speaker 3>business growing? Is that profitability growing? Is it more opportunity set? Right?

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<v Speaker 3>What are they saying in terms of future guidance? Are

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<v Speaker 3>they able? Is their business? You know what's the margins

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<v Speaker 3>on their products?

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<v Speaker 2>Right?

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<v Speaker 3>You look at Apple, one thing they make a lot

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<v Speaker 3>money own is their cessories, Right, Okay, phone is one thing,

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<v Speaker 3>but then it's accessory. So I always take a holistic view.

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<v Speaker 3>Also say who owns the stock? Right, I go on

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<v Speaker 3>Yahoo Finance and look at the holders, because it's important

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<v Speaker 3>to know if people smarter than you, who have a

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<v Speaker 3>dedicated research team that are following this day in and

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<v Speaker 3>day out, Like we don't have the ability to call

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<v Speaker 3>the CFO of Apple, but you know Berkshire does, Vanguard

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<v Speaker 3>does Fidelity does. I always look to see who those

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<v Speaker 3>top ten holders are. That always gives me an understanding too.

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<v Speaker 3>If people are smarter than us, then you're looking at

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<v Speaker 3>the charts, right. So I always start off fundamentals before

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<v Speaker 3>I get into the technicals. Fundamentals is everything like everything

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<v Speaker 3>we was just talking about, But the technicals is you know,

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<v Speaker 3>where's the price trading? So like fundamentals are saying why

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<v Speaker 3>I should buy this company? Right once again, opportunity said

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<v Speaker 3>is growing. Technicals is like an in shout out in

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<v Speaker 3>he always say like it's it's you know, you can

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<v Speaker 3>batter right company, but just at the wrong time. So

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<v Speaker 3>the technical is gonna say, yo, you know RSI is here.

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<v Speaker 3>You know RSI is under thirty. Now might be a

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<v Speaker 3>good time to buy it, and I think so, I

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<v Speaker 3>think anybody that's trying to say, you know, to develop

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<v Speaker 3>the repetition, it's the same way like you shot free

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<v Speaker 3>throws different than you would shoot free throws right. You

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<v Speaker 3>might dribble three times spin the ball, but you know,

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<v Speaker 3>like your end goal. And I think that's the same

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<v Speaker 3>thing when it comes to picking a company, right, it's like, okay,

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<v Speaker 3>opportunity set, holistic view. Is this company growing? Also? Are

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<v Speaker 3>they sales growing? Is their profitability? Are they able to

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<v Speaker 3>maintain margins because a lot of businesses are getting pressured

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<v Speaker 3>into margins, especially in that retail space because for the

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<v Speaker 3>most part Amazon had no overhead, where Toys r US

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<v Speaker 3>and JC Penny got none. But overhead you're looking at

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<v Speaker 3>how much their rent is, right, And so I kind

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<v Speaker 3>of look at it that way.

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<v Speaker 4>So when you obviously when you started you didn't even know,

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<v Speaker 4>like when you got to war and you said that

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<v Speaker 4>you saw somebody day traded, obviously you start working on

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<v Speaker 4>Wall Street. How fast is the learning curve?

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<v Speaker 2>Right?

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<v Speaker 4>Because if you don't learn pretty quick, you're gonna get

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<v Speaker 4>left behind in that space.

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<v Speaker 2>I'm pretty sure. Boy boy, what was that like?

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<v Speaker 3>Learning curve? Crazy? Once again, at the time, I was

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<v Speaker 3>trying to live life like TV bro. I'm trying to

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<v Speaker 3>get on the phone and talk to Van. I don't

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<v Speaker 3>like because I but I needed to know that. And

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<v Speaker 3>so what I would say the learning curve was very

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<v Speaker 3>hard because you had to It's almost like if you're

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<v Speaker 3>taking the SAT and you're doing the reading part, like

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<v Speaker 3>if you I was talking to somebody the other day

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<v Speaker 3>and they was like, Yo, I'll teach kids how to

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<v Speaker 3>do good on ACT or SAT or whatever. He's like,

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<v Speaker 3>Y're gonna read the first and the last paragraphs and

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<v Speaker 3>skim the middle right. And I say that to say,

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<v Speaker 3>like when you talk about the learning curve, when you're

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<v Speaker 3>looking at that earnings report, right, just they publish an

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<v Speaker 3>earners report, then they'll put out the ten Q in

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<v Speaker 3>ten k annually, right, but the earners report it might

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<v Speaker 3>be ten twelve pages. You got to know what to

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<v Speaker 3>look for quick as well. And so that was the

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<v Speaker 3>biggest thing on a learning on a on a learning

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<v Speaker 3>curve because it's like, what am I looking for? And

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<v Speaker 3>then it's like, Okay, what are the numbers that you know?

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<v Speaker 3>Because this is a like the models are leaving. I

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<v Speaker 3>look at it like a living, breathing organism, because once

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<v Speaker 3>you plug it in, it's gonna spit out something else

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<v Speaker 3>that's saying, these bonds is worth this, this stock is

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<v Speaker 3>worth that. And so the learning curve was hard and

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<v Speaker 3>you're sitting there right in bro Wall Street is one

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<v Speaker 3>of them things where it's a blessing to be on there,

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<v Speaker 3>but it's you know, it's very subjective, right, like the

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<v Speaker 3>only black person in there, you know what I mean?

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<v Speaker 3>If I come around, you know, make a joke or something,

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<v Speaker 3>or small earners, what's up.

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<v Speaker 4>You ever walk into a small business and everything just works, Like,

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<v Speaker 4>the checkout is fast, the receipts are digital, tipping is

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<v Speaker 4>a breeze, and you're out the door before the line

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<v Speaker 4>even builds odds are they're using Square. We love supporting

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<v Speaker 4>businesses that run on Square because it just feels seamless.

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<v Speaker 4>Whether it's a local coffee shop, a vendor at a

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<v Speaker 4>pop up market, or even one of our merch partners.

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<v Speaker 4>Square makes it easy for them to take payments, manage inventory,

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<v Speaker 4>and run their business with confidence, all from one simple system.

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<v Speaker 4>If you're a business owner or even just thinking about

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<v Speaker 4>launching something soon, Square is hands down one of the

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<v Speaker 4>best tools out there to help you start, run and grow.

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<v Speaker 4>It's not just about payments, It's about giving you time

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<v Speaker 4>back so you can focus on what matters most ready.

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<v Speaker 4>To see how Square can transform your business, visit Square

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<v Speaker 4>dot com backslash, go backslash eyl to learn more that

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<v Speaker 4>Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

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<v Speaker 4>Let's Square handle the back end so you can keep

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<v Speaker 4>pushing your vision forward. This episode is brought to you

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<v Speaker 4>by P and C Bank. A lot of people think

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<v Speaker 4>podcasts about work are boring, and sure they definitely can be,

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<v Speaker 4>but understanding of professionals routine shows us how they achieve

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<v Speaker 4>their success little by little, day after day. It's like

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<v Speaker 4>banking with P and C Bank. It might seem boring

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<v Speaker 4>to save, plan and make calculated decisions with your bank,

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<v Speaker 4>Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

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<v Speaker 4>five is a service mark of the PNC Financial Service Group, Inc.

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<v Speaker 4>P and C Bank National Association Member.

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<v Speaker 1>Fdie an illegal alien from Guatemala charged with raping a

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<v Speaker 1>child in Massachusetts. An MS thirteen gang member from Al

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<v Speaker 1>Salvador accused of murdering a Texas man of Venezuelan charged

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<v Speaker 1>with filming and selling child pornography in Michigan. These are

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<v Speaker 1>just some of the heinous migrant criminals caught because of

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<v Speaker 1>President Donald J. Trump's leadership. I'm Christy nom the United

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<v Speaker 1>States Secretary of Homeland Security. Under President Trump, attempted illegal

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<v Speaker 1>border crossings are at the lowest levels ever recorded, and

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<v Speaker 1>over one hundred thousand illegal aliens have been arrested. If

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<v Speaker 1>you are here illegally, your next you will be fine

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<v Speaker 1>nearly one thousand dollars a day, imprisoned and deported, you

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<v Speaker 1>will never return. But if you register using our CBP

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<v Speaker 1>home app and leave now, you could be allowed to

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<v Speaker 1>return legally. Do what's right. Leave now. Under President Trump,

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<v Speaker 1>America's laws, border and families.

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<v Speaker 2>Will be protected. Sponsored by the United States Department at

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<v Speaker 2>Homeland Security.

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<v Speaker 3>Allan too much, shorty, too cocky. He needs to tone

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<v Speaker 3>it down. So you know. The biggest learning curve was

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<v Speaker 3>culturally over the actual academia part of it. The academy,

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<v Speaker 3>I felt as though coming from more and I can

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<v Speaker 3>grasp anything. The biggest learning curve was learning how to

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<v Speaker 3>act right, Like I got pulled aside. I got pulled aside,

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<v Speaker 3>And anybody that's working on Wall Street, Bro, they understand

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<v Speaker 3>what I'm talking about. It's a way you got to

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<v Speaker 3>carry yourself and it's a way to dress right. At

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<v Speaker 3>one point they told me I was too flashy because

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<v Speaker 3>I got a paragam on tie on. Right. They telling

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<v Speaker 3>me I got too much swag because I walked different.

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<v Speaker 3>So and I'm a person pulled me side. Bro, you

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<v Speaker 3>gotta walk like you in a hurry. See what the

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<v Speaker 3>hell does that mean? Bro? Like you know what I mean? Like,

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<v Speaker 3>walk like you in a hurry, walk with your head down,

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<v Speaker 3>keep acting, because it's all perception, bro, perception reality. And

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<v Speaker 3>when you come from a ivy league as a black dude,

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<v Speaker 3>they already think, you know, kid thinking cocky and I

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<v Speaker 3>was swagged out. I ain't gonna hold you. But at

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<v Speaker 3>the same time they was hold They were trying to

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<v Speaker 3>hold me in the sense of like he was too cocky,

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<v Speaker 3>right he you know he and oh he's not doing

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<v Speaker 3>the grunt work. And so the biggest thing was the

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<v Speaker 3>cultural part of being in a different It's a fraternity

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<v Speaker 3>to write, these guys all play lacrosse country club, living Connecticut,

0:10:09.480 --> 0:10:12.079
<v Speaker 3>you feel me like Westchester and all that, yeah, role

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<v Speaker 3>and one of those people playing basketball on them desk for

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<v Speaker 3>the most part, right, it was lacrosse row you feel me,

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<v Speaker 3>field hockey, all that stuff. And it's a different culture,

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<v Speaker 3>different country club.

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<v Speaker 2>Right.

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<v Speaker 3>They got their vest song, the vineyard vine vests and

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<v Speaker 3>all that, you know what I mean. So that the

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<v Speaker 3>academia part, it was hard at first, but you understand

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<v Speaker 3>that because if you know how to study, you can

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<v Speaker 3>get that. But the cultural thing was one that was

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<v Speaker 3>very difficult. And I remember I was sitting at the

0:10:37.080 --> 0:10:39.640
<v Speaker 3>dinner table with you not that long ago, and we

0:10:39.640 --> 0:10:42.559
<v Speaker 3>was talking about, you know, a potential client, and this

0:10:42.600 --> 0:10:44.400
<v Speaker 3>is how we come in, right, I'm wraw right now.

0:10:44.480 --> 0:10:46.520
<v Speaker 3>Either you like it or you don't. But when I

0:10:46.559 --> 0:10:48.320
<v Speaker 3>was twenty two at the time, it was one of

0:10:48.320 --> 0:10:49.640
<v Speaker 3>them like I had to get down and lay down

0:10:49.720 --> 0:10:53.240
<v Speaker 3>or I had to really conform to that life. So

0:10:53.400 --> 0:10:58.480
<v Speaker 3>why'd you leave? So I ended up So when I

0:10:58.520 --> 0:11:00.720
<v Speaker 3>left Morgan Stanley, I ended up getting the best job

0:11:00.760 --> 0:11:03.559
<v Speaker 3>at a hedge fund where I was able to move

0:11:03.559 --> 0:11:06.520
<v Speaker 3>back to my hometown Chicago, and the reason I left was,

0:11:08.480 --> 0:11:10.640
<v Speaker 3>you know, I just wanted more, right. So at the

0:11:10.640 --> 0:11:12.880
<v Speaker 3>same time, you know I was making music, right, I

0:11:12.960 --> 0:11:16.360
<v Speaker 3>make music. I'm nice, Right, I need you to have

0:11:16.360 --> 0:11:19.680
<v Speaker 3>my vinyl back here one of these days on god

0:11:19.800 --> 0:11:22.640
<v Speaker 3>On want kids. We need that. But so one thing

0:11:22.679 --> 0:11:24.439
<v Speaker 3>I'm going to work. I have my music on the radio.

0:11:25.640 --> 0:11:28.200
<v Speaker 3>So I'm already feeling it. But one thing about moving

0:11:28.240 --> 0:11:31.640
<v Speaker 3>back to Chicago is, and I think y'all are the tests, right,

0:11:31.800 --> 0:11:34.040
<v Speaker 3>is when you going and you trying to do something,

0:11:34.520 --> 0:11:37.560
<v Speaker 3>you got laser focus, you got your horse blinders on.

0:11:37.840 --> 0:11:40.080
<v Speaker 3>And as a result, I really wasn't that in tune

0:11:40.280 --> 0:11:42.200
<v Speaker 3>with the community as much as I could have. Right

0:11:42.240 --> 0:11:44.160
<v Speaker 3>where at Margan Stanley show, I did some community service,

0:11:44.160 --> 0:11:45.880
<v Speaker 3>but like the people that I grew up with, I

0:11:45.960 --> 0:11:48.360
<v Speaker 3>wasn't in tune with them. But me going back to Chicago,

0:11:48.400 --> 0:11:51.240
<v Speaker 3>I really got to realize, like yo, when you look

0:11:51.280 --> 0:11:53.240
<v Speaker 3>at the wealth gap and the information gap, it really

0:11:53.280 --> 0:11:56.480
<v Speaker 3>boils down to the exposure gap. So what you exposed to. Right,

0:11:56.559 --> 0:11:59.760
<v Speaker 3>So being at Morgan Stanley, I'm walking by, I see

0:12:00.240 --> 0:12:02.199
<v Speaker 3>MD on the desk, right, a managing direct on the desk,

0:12:02.320 --> 0:12:04.840
<v Speaker 3>checking a retirement account, checking a four on one K.

0:12:05.600 --> 0:12:08.079
<v Speaker 3>You got two three million in there, right, most people

0:12:08.120 --> 0:12:09.840
<v Speaker 3>that look like us don't even got four one K's

0:12:09.840 --> 0:12:13.199
<v Speaker 3>the retirement plans in general, right, they holping social security still, right,

0:12:13.480 --> 0:12:15.720
<v Speaker 3>And so once I started understanding that and looking at

0:12:15.760 --> 0:12:17.480
<v Speaker 3>other people, Oh, I got an LLC for this. Oh,

0:12:17.559 --> 0:12:19.199
<v Speaker 3>this is the type of accounts I have for my kids,

0:12:19.559 --> 0:12:22.520
<v Speaker 3>I realized. One of my best friends at the crib,

0:12:22.720 --> 0:12:24.760
<v Speaker 3>he like, bro, you ain't really my friend, bro if

0:12:24.760 --> 0:12:26.880
<v Speaker 3>you ain't teaching me how to get a bag. So

0:12:27.280 --> 0:12:29.320
<v Speaker 3>that's what made me say, yo, I want to start

0:12:29.360 --> 0:12:33.240
<v Speaker 3>making content. So that's when I develop economics, which you know,

0:12:33.480 --> 0:12:36.920
<v Speaker 3>very similar to what y'all do, is making learning about

0:12:37.600 --> 0:12:40.680
<v Speaker 3>finance cool, making it more digestible so the average person

0:12:40.679 --> 0:12:43.559
<v Speaker 3>could understand it because we take a full step back.

0:12:43.600 --> 0:12:45.840
<v Speaker 3>It's like, you know, they think this is an old

0:12:45.880 --> 0:12:49.120
<v Speaker 3>white man's game. Historically it was, but now this stuff

0:12:49.160 --> 0:12:52.240
<v Speaker 3>been democratized. Right, we got podcasts about it, we got

0:12:52.240 --> 0:12:55.160
<v Speaker 3>social media about it. Now it's apps that allow us

0:12:55.240 --> 0:12:57.720
<v Speaker 3>to buy stocks for free. I remember when I got

0:12:57.720 --> 0:13:00.400
<v Speaker 3>e trading. Oh wait, it cost me thirteen dollars buying

0:13:00.440 --> 0:13:02.520
<v Speaker 3>thirteen dollars to seal. So if I'm putting one hundred

0:13:02.520 --> 0:13:05.200
<v Speaker 3>dollars to work, I got over. I got thirteen percent

0:13:05.559 --> 0:13:08.160
<v Speaker 3>and over in costs to buy that. So at that moment,

0:13:08.200 --> 0:13:11.120
<v Speaker 3>I'm already lost. I need to stock to go over

0:13:11.160 --> 0:13:12.839
<v Speaker 3>thirteen percent for me to you know what, I mean,

0:13:12.840 --> 0:13:14.680
<v Speaker 3>to make money. So at that moment, it's like, all right,

0:13:14.840 --> 0:13:19.320
<v Speaker 3>but now democratization of everything, right, Like we swimming in knowledge,

0:13:19.320 --> 0:13:21.439
<v Speaker 3>but we yearning for wisdom. And now it's like, how

0:13:21.440 --> 0:13:25.240
<v Speaker 3>do we give everybody the right wisdom? And so one

0:13:25.240 --> 0:13:26.480
<v Speaker 3>of the things I did was like, man, I want

0:13:26.480 --> 0:13:29.200
<v Speaker 3>to start putting out content right Because I went by

0:13:29.200 --> 0:13:31.120
<v Speaker 3>the Moniker Wall Street rapper, I was talking to somebody,

0:13:31.120 --> 0:13:32.600
<v Speaker 3>She's like, Okay, what the hell does Wall Street mean?

0:13:32.720 --> 0:13:34.720
<v Speaker 3>So it's like, let me bring main Street. Let me

0:13:34.720 --> 0:13:36.480
<v Speaker 3>bring Wall Street to Main Street. And so one of

0:13:36.520 --> 0:13:38.240
<v Speaker 3>the things I was able to do was while I

0:13:38.320 --> 0:13:41.400
<v Speaker 3>was working, I was always had a hustles right shout

0:13:41.440 --> 0:13:42.959
<v Speaker 3>of my dog Ja. We used to throw parties, we

0:13:43.040 --> 0:13:45.480
<v Speaker 3>had to drill. Then I also opened up a restaurant,

0:13:45.520 --> 0:13:47.520
<v Speaker 3>and then I had the content and I had the music.

0:13:47.600 --> 0:13:49.360
<v Speaker 3>So I'm like, bro. One of the things I said,

0:13:49.360 --> 0:13:52.160
<v Speaker 3>if I can make a fraction of what I make

0:13:52.280 --> 0:13:55.280
<v Speaker 3>while working on Wall Street while only dedicating call it

0:13:55.320 --> 0:13:57.480
<v Speaker 3>four or five hours to the side hustles. Then if

0:13:57.520 --> 0:13:59.240
<v Speaker 3>I gave it twenty four hours, then it's over with

0:13:59.360 --> 0:14:01.720
<v Speaker 3>and so I was able to leave while having other

0:14:01.760 --> 0:14:05.959
<v Speaker 3>investments right still trading and developmentcanomics.

0:14:12.160 --> 0:14:15.840
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:14:15.840 --> 0:14:19.640
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:14:19.880 --> 0:14:24.040
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:14:24.080 --> 0:14:28.000
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:14:28.080 --> 0:14:31.800
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:14:31.880 --> 0:14:35.480
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:14:35.480 --> 0:14:40.280
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:14:40.320 --> 0:14:43.880
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:14:43.920 --> 0:14:47.120
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:14:47.200 --> 0:14:51.080
<v Speaker 1>are here illegally, your next you will be fined nearly

0:14:51.160 --> 0:14:55.160
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:14:55.200 --> 0:14:58.840
<v Speaker 1>never return. But if you register using our CBP home

0:14:58.880 --> 0:15:02.280
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:15:02.640 --> 0:15:07.360
<v Speaker 1>Do what's right. Leave now. Under President Trump America's laws,

0:15:07.560 --> 0:15:09.360
<v Speaker 1>border and families will

0:15:09.400 --> 0:15:12.240
<v Speaker 2>Be Protected, Sponsored by the United States Department of Homeland Security,