Over much of the past three decades, i have been an investor. [applause] the highest calling of mankind, i have often thought, is private equity. [laughter] then i started interviewing. I watched your interview, so i know how to do some interviewing. I have learned, from doing my interviews, how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] about a decade ago, a young entrepreneur, Brian Armstrong, who was working at airbnb, left that company to start a company to trade cryptocurrencies. The company he started, coinbase, became one of the hottest ipos on wall street. This year, because of the ftx meltdown, coinbase has had some challenges. I sat down with Brian Armstrong to talk about the future of his compa
Over much of the past three decades, i have been an investor. [applause] the highest calling of mankind, i have often thought, is private equity. [laughter] then i started interviewing. I watched your interview, so i know how to do some interviewing. I have learned, from doing my interviews, how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] about a decade ago, a young entrepreneur, Brian Armstrong, who was working at airbnb, left that company to start a company to trade cryptocurrencies. The company he started, coinbase, became one of the hottest ipos on wall street. This year, because of the ftx meltdown, coinbase has had some challenges. I sat down with Brian Armstrong to talk about the future of his compa
Over much of the past three decades, i have been an investor. [applause] the highest calling of mankind i have often thought is private equity. [laughter] then i started interviewing. I watched your interview, so i know how to make your interviews. I have learned, from doing my interviews, how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] you dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] about a decade ago, a young entrepreneur, Brian Armstrong, who was working at airbnb, left that company to start a company to trade cryptocurrencies. The company he started, coinbase, became one of the hottest ipos on wall street. This year, because of the ftx meltdown, coinbase has had some challenges. I sat down with Brian Armstrong to talk about the future of his company. So, for those who dont
Know how to make your interviews. I have learned, from doing my interviews, how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] you dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] about a decade ago, a young entrepreneur, Brian Armstrong, who was working at airbnb, left that company to start a company to trade cryptocurrencies. The company he started, coinbase, became one of the hottest ipos on wall street. This year, because of the ftx meltdown, coinbase has had some challenges. I sat down with Brian Armstrong to talk about the future of his company. So, for those who dont know much about cryptocurrencies, what exactly is coinbase, and what does it do . Brian so, coinbase is the primary financial account for many people participating in the crypto economy. We help people buy and sell
Enthraled with the company, if the rules say sell you sell it. One thing you learned in my career, no matter how much you believe in something, you violate the rules of the road at your own peril where the heck do the rules come from it is not like they were handed down on high thand carved into stone tablets. You cannot deduce from the market works the way you do gravity. No, the rules come from experience and particularly my experience ive spent nearly 40 years in this business. And in that time, you Better Believe ive learned some powerful lessons in many cases, i learned the hard way because i dont want you to repeat my mistakes and i do want you to have the benefit of my whole career, tonight i want to layout my most important rules for investing. The stuff i really live by some of the stuff may seem basayev ick. You forget the rules at your own peril. I convinced myself it was okay to make an exception to have a cheat day. Ignore my discipline of just this once. For so reason, it