00:00:00
Pay attention. Pain plus reflection
00:00:03
equals progress. And from that
00:00:05
principle, my company became the largest
00:00:07
hedge fund in the world.
00:00:08
Managing how much?
00:00:09
$150 billion. But I learned that history
00:00:12
of things that never happened in my
00:00:14
lifetime before were important things to
00:00:16
understand in order to predict the
00:00:18
future.
00:00:18
So are you optimistic about the future
00:00:20
of the UK?
00:00:20
No.
00:00:21
What about the United States?
00:00:22
No.
00:00:22
Why?
00:00:23
Okay. in order to bet on what's going to
00:00:24
happen on the global economy. I learned
00:00:27
that there's five big forces that create
00:00:29
a big cycle that's repeated through
00:00:31
history which lasts about 80 years. The
00:00:33
first is the money debt force that
00:00:36
creates wealth and opportunities gaps
00:00:39
and it's connected to the second force,
00:00:41
the internal conflict where you don't
00:00:43
trust the system causing wars between
00:00:46
the left and the right. And it's not
00:00:47
easy answers like tax the rich and we
00:00:50
can get into that. But the third is
00:00:52
geopolitical force. In other words,
00:00:54
international conflict. Then there's
00:00:57
acts of nature. And then number five is
00:00:59
man's inventiveness particularly of new
00:01:02
technologies. Now the question is who
00:01:04
wins the technology war? Because the
00:01:06
winner of that determine how the new
00:01:08
world order works.
00:01:09
Is it something to be concerned about?
00:01:11
No. The question is how you as an
00:01:13
individual handle it.
00:01:14
How do I as an individual handle it? So
00:01:16
there's building your financial
00:01:18
strength, flexibility, the importance of
00:01:20
being open-minded and how to get more
00:01:22
out of the minute, not how to work
00:01:24
harder. And I really urge your audience
00:01:26
to learn all of this. So first of all,
