The Journey Back from a $100 Million Mistake
The Playbook With David Meltzer
David Meltzer, Entrepreneur.com
4.9 • 1.9K Ratings
🗓️ 26 June 2024
⏱️ 3 minutes
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| 0:00.0 | This is Entrepreneurs the Playbook, where each week I bring you some of the greatest athletes, celebrities, and entrepreneurs to talk about their personal and professional playbook to success. |
| 0:12.0 | I lost everything because of the lack of humility, |
| 0:15.7 | because I forgot to take stock and who I was |
| 0:18.8 | and what I wanted to become. |
| 0:20.4 | And it was interesting, people asked me, how the hell it is someone that's so educated and had such business success? |
| 0:27.6 | How do you lose over $100 million? |
| 0:29.8 | How do you go from that high up? Someone that, I'm not a football player, you know |
| 0:35.0 | know I'm the one who is helping all the players not go bankrupt how how does that |
| 0:40.5 | happen and it was simply I surrounded myself with the wrong people and the wrong ideas. |
| 0:48.8 | And so I started looking at the criteria of what that actually meant when Napoleon Hill said you're the aggregate of the five people that you spend the most time with. |
| 0:57.0 | I went beyond what he was teaching. I said to myself, who feeds me and who bleeds me and then determinative upon who feeds me and who bleeds |
| 1:06.9 | me is how relative are they to me because for example I'm sure your children bleed you, |
| 1:14.0 | and I'm sure we bled our parents. |
| 1:16.2 | Well, we're so relative to them |
| 1:18.1 | that it's a joy to be bled by your children. |
| 1:20.4 | It's just like I believe it's a joy to be bled by my mom now that she's 80 and so relativity became a criteria |
| 1:27.4 | After I determined whether somebody was feeding me or bleeding me and then this the third component was association that was |
| 1:33.6 | association, |
| 1:34.6 | that sometimes we're put in association with people |
| 1:37.6 | where we have to protect ourselves, |
| 1:39.6 | but we're at a cubby hole next to them at work or we're both on the board of directors |
| 1:46.4 | of a large company or an organization and so when I was dissecting how I ended up bankrupt, how I ended up making such major mistakes, not just financially, I almost ended up divorced. |
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