Bill Perkins
π€ SpeakerAppearances Over Time
Podcast Appearances
Push into the future. Yeah. So Max and I, it was like, if they get that order wrong, they go all the opera and then they turn around like, holy shit, I can't hike this mountain. And so this fits in every aspect of your life. College, first job, pre-married, married, before kids, kids that are toddlers, not toddlers, that type of thinking is really helpful. And you've been lucky.
Experience has taught you about the seasons with your kids. And I learned the hard way too. I was like, you know, people tell you like, oh, your kids don't want to be with you when you're 13. And you're like, you kind of forget when you were 13. You forget like, oh yeah, I didn't want to be around my parents. And then it really hits you when they're just like,
Experience has taught you about the seasons with your kids. And I learned the hard way too. I was like, you know, people tell you like, oh, your kids don't want to be with you when you're 13. And you're like, you kind of forget when you were 13. You forget like, oh yeah, I didn't want to be around my parents. And then it really hits you when they're just like,
Nobody hangs out with their dad that much. Come on.
Nobody hangs out with their dad that much. Come on.
It's one of those secret millionaire stories. They're all out there. There's a secretary, and then when she died, she had $10 million of Tootsie Roll stock or whatever. And so this woman worked at a law firm, saved her money, lived, by all accounts, a very frugal life. And then when she died, she gave a multimillion dollar gift to education, charitable education.
It's one of those secret millionaire stories. They're all out there. There's a secretary, and then when she died, she had $10 million of Tootsie Roll stock or whatever. And so this woman worked at a law firm, saved her money, lived, by all accounts, a very frugal life. And then when she died, she gave a multimillion dollar gift to education, charitable education.
Everybody was like, that's so charitable and that's such a great thing. And I had a different perspective. My perspective was when you're dead, the money isn't yours. And also that the target for her bequeath after her death
Everybody was like, that's so charitable and that's such a great thing. And I had a different perspective. My perspective was when you're dead, the money isn't yours. And also that the target for her bequeath after her death
would have been much better off receiving the money much earlier, a lower sum much earlier, and that the return on her charitable investment would be greater than any of her investment returns. And so I can't really get into her head to determine if it's charitable. I'm knowingly thinking I'm doing the right thing.
would have been much better off receiving the money much earlier, a lower sum much earlier, and that the return on her charitable investment would be greater than any of her investment returns. And so I can't really get into her head to determine if it's charitable. I'm knowingly thinking I'm doing the right thing.
I'm going to save all this money and it's going to grow to a bigger pile and I'm going to give it to a charity. But to me, it appears to be a tip on the way out. The money's got to go somewhere. It was going to go either to the IRS who redistribute the money the way they see fit, usually into wars and stuff, but- I won't go into that subject or hairs or et cetera, but it's going somewhere.
I'm going to save all this money and it's going to grow to a bigger pile and I'm going to give it to a charity. But to me, it appears to be a tip on the way out. The money's got to go somewhere. It was going to go either to the IRS who redistribute the money the way they see fit, usually into wars and stuff, but- I won't go into that subject or hairs or et cetera, but it's going somewhere.
It's not yours. It's gone. So the fact that it just wound up into this educational charity, I didn't see it as charitable as much and as impactful as just giving the money earlier. Life is urgent. Life is now. And I argue that the return on investment in your charitable endeavors is greater than any return in the market you can get.
It's not yours. It's gone. So the fact that it just wound up into this educational charity, I didn't see it as charitable as much and as impactful as just giving the money earlier. Life is urgent. Life is now. And I argue that the return on investment in your charitable endeavors is greater than any return in the market you can get.
Right. It's great. John's great. And we've had a lot of conversations about this, about making sure the money actually gets distributed, gets into the purpose, helping causes. But John decided that I've been solving the problem of natural gas long enough. I have more money than I'll ever spend or need, and I really want to dedicate my neurons to solving other problems.
Right. It's great. John's great. And we've had a lot of conversations about this, about making sure the money actually gets distributed, gets into the purpose, helping causes. But John decided that I've been solving the problem of natural gas long enough. I have more money than I'll ever spend or need, and I really want to dedicate my neurons to solving other problems.
So he takes an analytical approach, a database-driven approach to solving some of society's ills and solving some problems and trying to get ahead of some of these intractable problems. Which is awesome. And the fact that he's doing so young, I even argue with John, like he did it too late. He's still late. You know what I mean? Because he was on autopilot too, in my opinion, trading.
So he takes an analytical approach, a database-driven approach to solving some of society's ills and solving some problems and trying to get ahead of some of these intractable problems. Which is awesome. And the fact that he's doing so young, I even argue with John, like he did it too late. He's still late. You know what I mean? Because he was on autopilot too, in my opinion, trading.
What are you working for? I have this conversation with John. He's like, what's the money for? What can't you buy? And to a certain extent, the money became a detriment based on your value system, right?