TESTING IN THE FIRE | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 13 May 2024
β±οΈ 10 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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| 0:00.0 | And Warren Buffett said something that I really hold to my heart even to this day. |
| 0:04.0 | He said, an investor's worst nightmare is having a big wallet. Because you start thinking the money can compensate for the research. |
| 0:20.0 | You start thinking the money can compensate for the due diligence. |
| 0:25.0 | And that's in every aspect of life. So I thought about something Jose, you know how people always say that you got to have, like the way to test goal is to put it under fire. |
| 0:46.0 | But I think we miss a critical aspect of that whole thing, which is the reason you're putting the |
| 1:00.0 | goal under the fire is to identify the fraudulent metals that could be in it. |
| 1:15.0 | Right? Like when you when you as a solid piece of gold, you can't determine what are the other liquids or other metals mixed with it. |
| 1:28.0 | But we do know that if it's mixed with nickel, copper, or anything like that, it dilutes the |
| 1:39.5 | purity of the gold, right? So watch what I'm about to say here Jose |
| 1:44.4 | watch what I'm about to say here Jose under the fire is when you can |
| 1:50.6 | determine how authentic a person is. |
| 1:58.0 | That's how we start. |
| 1:59.0 | I thought about that, Jose, I say it is, |
| 2:01.4 | because why is this, Jose? As long as as you just looking at the goal you like damn |
| 2:05.5 | That's a that's a that's a nice piece of gold |
| 2:09.4 | Right as long as you're looking at the goal as it sits still, you value it as if it is un what's the |
| 2:20.9 | what I'm gonna to use here? |
| 2:25.4 | As if it's raw gold, uncontaminated, un-is not diluted. |
| 2:28.9 | It's pure. |
| 2:29.8 | It's like, so long as it's sitting here, |
| 2:31.9 | you look at it as it's pure gold. |
| 2:35.0 | But let's make sense in the realistic form. |
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