Bill Perkins

wait a minute, the going to the clubs and strip clubs and hanging out probably should be before I get married, not after. The reading books to my kids when they're children, this must be in this bucket.

Exactly. Or even when they're 13, 14, they don't even want to know you. That's one of the errors I made. You always do it wrong as a parent. You don't want to spend too much time with them, et cetera. It's like, wait a minute, maybe I should have been doing this activity instead of that activity. kind of the die with zero thinking, right? Optimize your life.

Exactly. Or even when they're 13, 14, they don't even want to know you. That's one of the errors I made. You always do it wrong as a parent. You don't want to spend too much time with them, et cetera. It's like, wait a minute, maybe I should have been doing this activity instead of that activity. kind of the die with zero thinking, right? Optimize your life.

You know, the thought experiment, I says, listen, you're up in heaven. You have the bucket of experiences. These are all the choices you can have. And God says, take as much as you want. You're throwing it in. You're like, I want to have sex 30,000 times. And I want to climb Kilimanjaro. And I want to play hockey. I want to be in a high school team.

You know, the thought experiment, I says, listen, you're up in heaven. You have the bucket of experiences. These are all the choices you can have. And God says, take as much as you want. You're throwing it in. You're like, I want to have sex 30,000 times. And I want to climb Kilimanjaro. And I want to play hockey. I want to be in a high school team.

And I want to do, you know, and you're just throwing them in everything. I want to meditate and yoga, right? And then God goes, great. I'm going to let you have all those experiences. But there's one trick. You got to get the order right. And what's it saying is, is if you don't get the order right, like if you save certain experiences to the 80 to 86 bucket, you don't get it.

And I want to do, you know, and you're just throwing them in everything. I want to meditate and yoga, right? And then God goes, great. I'm going to let you have all those experiences. But there's one trick. You got to get the order right. And what's it saying is, is if you don't get the order right, like if you save certain experiences to the 80 to 86 bucket, you don't get it.

Yeah, if you're like nightclub and road trips with your buddies before you're married and you have two kids or whatever, you don't get that. If you don't go backpacking with your friend and youth hostels, et cetera, when you're 21, when you get the shot, you don't get that experience. Or it's a bastardized, not as fulfilling experience. So you don't get the net fulfillment points.

Yeah, if you're like nightclub and road trips with your buddies before you're married and you have two kids or whatever, you don't get that. If you don't go backpacking with your friend and youth hostels, et cetera, when you're 21, when you get the shot, you don't get that experience. Or it's a bastardized, not as fulfilling experience. So you don't get the net fulfillment points.

And so it's kind of tied with zero. What do you want out of your life? Get off autopilot. What do you want out of life? What resources do you have? And how do we optimize? How do we get the most out of it?

And so it's kind of tied with zero. What do you want out of your life? Get off autopilot. What do you want out of life? What resources do you have? And how do we optimize? How do we get the most out of it?

Yeah. The majority of my wealth came from predicting the future. And that's generally the future of natural gas prices.

Yeah. The majority of my wealth came from predicting the future. And that's generally the future of natural gas prices.

The best traders I've seen have been pretty stoic about things. They think very robotically about expected outcome and they don't seem to be disturbed about negative outcomes as much as the average person.

The best traders I've seen have been pretty stoic about things. They think very robotically about expected outcome and they don't seem to be disturbed about negative outcomes as much as the average person.

If you place a bet and the payout is one in four, But the odds are 50-50. Half the time, you're going to get four times your money. And half the time, you're just going to lose one times your money. So that's positive expected outcome, right? You're going to make money. This is a great trade. But remember, 75% of the time, you're going to lose in this scenario. No, the payout.

If you place a bet and the payout is one in four, But the odds are 50-50. Half the time, you're going to get four times your money. And half the time, you're just going to lose one times your money. So that's positive expected outcome, right? You're going to make money. This is a great trade. But remember, 75% of the time, you're going to lose in this scenario. No, the payout.

Half the time, you're going to lose. Half the time, you're going to lose. The payout's one in four. So half the time, you're pissed. you're upset and a lot of people can't deal with that. They need four or five or seven positive events emotionally psychologically forever every negative event. In trading, that just doesn't exist.

Half the time, you're going to lose. Half the time, you're going to lose. The payout's one in four. So half the time, you're pissed. you're upset and a lot of people can't deal with that. They need four or five or seven positive events emotionally psychologically forever every negative event. In trading, that just doesn't exist.

If they're right 55%, 60% of the time, they're right. Think about the casino's edge in blackjack. It could be 51. Yeah, 0.07 or 0.09 in blackjack. In craps, it's like 0.03. They're wrong a lot of the time. But ultimately, the law of large numbers, they make a bunch of money. But if your emotional calculus is different,