amerivest selects the funds and manages your portfolio. is it run by robots? no no, you can talk to a person anytime. cause i don t trust robots. right.well, if the portfolio you re invested in doesn t perform well for two consecutive quarters, amerivest will reimburse your advisory fees for those quarters. i wasn t born yesterday. well, actually it looks like you were born yesterday. happy belated birthday. thanks. for all the confidence you need td ameritrade. you got this. john: entrepreneurs try and try again because they have to. you invest your own money in there something wrong with a
john: now the company is worth $40 million. is growing at the rate of 35 to 40% a year so growing out of business. john: does what the last guest said resonate about bouncing or splattering? it s all relative. the mindset of how you look at it continuously day in and day out. john: congratulations on overcoming plenty of failure. jon: appreciated. john: coming up dejanelle the colonel sanders was a failure in and the author that created the harry potter books. i was the biggest failure i knew. had i really succeeded with anything else i might never have found that determination to succeed in the one arena where i believed i truly b
have always done it this way. we are allies going to do it this way. let s try this other thing. maybe it s not working out so well and they will continue doing it basically forever. john: you have written up look about this called private governance. give an example of how that works. ed: well i like to highlight private people that i ve learned from failure. we have a great example of them being defrauded tile types of hackers around the world. rather than them sitting around saying well we don t know what to do, they have to learn from these problems so very quickly they implemented a fraud detection fraud elimination system. right now they have a very good way of reducing on line fraud to very close to zero. john: a program computers to search for certain patterns. ed: if their transactions happening in the middle of the night, it s like this computer is looking at things at all
he got drafted by the eagles and an injured and that was gone. signed with the steelers come, injured again, failure again. sam: there was a moment of reflection after the steelers. i had an opportunity to go to my third nfl team in that many years and most of my life you know i ve worked at what i was doing and i would weigh the risks and rewards. if the rewards outweighed the risks i would continue on that journey. i think i was able to reach those two levels in athletics but at that point i said it s time to move on. it s time to start new goals and climb any mountain and that s what i did. john: in fueled by failure you say there are vouchers and splatters. jeremy: it was two different types of behavior when you encounter adversity and you can splat and allow that obama to defy new and that way we feel can be insurmountable.
what good is that due? hilary: this american confidence is well-known throughout the world. some people actually move to america wanting their children to be confident, wanted them to have that believe that they can do anything. this cuts both ways. we said we don t want you to think you are asa when her and everything you do get at the same time to get a bill gates, to get a marx zuckerberg who dropped out of harvard. john: they have really roll smart. hilary: they really were smart the back of the splat it spectacularly. steve jobs had a lot of failures in addition to the successes so it s the skill to be smart enough to know what can i learn from this failure. that ability to fail and develop certain skills only by participating in competitive experiences. you need to put yourself out there and learn how to fail and learn how to bounce back and learn how to perform in high-pressure situations and that s what it it will take to fix this long-term and mike. john: thank you hillary.