4.8 • 1.2K Ratings
🗓️ 26 May 2025
⏱️ 19 minutes
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0:00.0 | Back in the 1990s, while working as a flight attendant, Jeremy Shepard made an impulsive purchase |
0:08.7 | that would change the course of his life. |
0:11.3 | I was on layover in China, and there is a market there, the Hong Tao Shirtang in Beijing. |
0:17.6 | It's a market where flight attendants used to go to buy anything from knockoff |
0:24.2 | purses to clothing. There was an entire floor of pearls. And not knowing anything about jewelry or |
0:32.1 | really being much of a shopper, I went to buy a strand of pearls for my girlfriend back home. |
0:38.3 | Long story short, the pearls were appraised at about $600, |
0:42.7 | and I think I had paid about $25 for it. |
0:46.1 | Shepard sensed an opportunity, |
0:48.3 | and on his next flight to China, he decided to go all in. |
0:52.9 | I cashed my paycheck. |
0:55.1 | I went to the bank. |
0:55.9 | I took all the cash I could out of my credit cards. |
0:59.2 | And I had another flight attendant friend of mine write a letter in Chinese to the same person that I had purchased the first strand from. |
1:07.1 | And it said, I want to buy exactly what I bought last time, as many of them as I can. |
1:12.2 | And I went home with about $3,000 of pearls in my bag. |
1:18.9 | He sold all of these pearls on eBay, more than doubling his investment. |
1:23.8 | And so began his second career as a pearl entrepreneur. |
1:28.1 | I started importing pearls on layovers, and on my days off, I went on the jump seat and flew to China, |
1:34.9 | stayed at the crew hotel, collected pearls, and I brought back suitcases of pearls every month. |
1:41.4 | Within a couple of months, you know, my pearl business was outpacing the |
1:45.8 | flight attendant job significantly. Today, Shepard is the CEO of Pearl Paradise.com, a large online |
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