Bill Perkins

You'd be surprised how many people die on those cruise ships trying to swim when they get to St. Thomas. They think their life's going to be like a carnival commercial. And I'm like, that carnival commercial will kill most Americans. They're having heart attacks going down those slides.

So particularly for Americans, my book is most successful in Japan, which is strange.

So particularly for Americans, my book is most successful in Japan, which is strange.

I think one, I believe you'll get value out of this book in the way of thinking, even if you have zero wealth. But Japan has a savings problem. Japan saves, saves, saves, then they die and they give the money to the next generation, then they save, save, save. And I'm just like, well, what generation actually has fun? So I'm really counter to the culture there.

I think one, I believe you'll get value out of this book in the way of thinking, even if you have zero wealth. But Japan has a savings problem. Japan saves, saves, saves, then they die and they give the money to the next generation, then they save, save, save. And I'm just like, well, what generation actually has fun? So I'm really counter to the culture there.

Here, one of the criticisms of the book will be like, well, there's so many people that have zero and trying to make ends meet. I'm like, I get it. They can still get value out of this about getting the Tetris of their life, but maybe a wealth building book or how to make dollars book might be more useful to them at this time in their life. In Japan, it's the opposite.

Here, one of the criticisms of the book will be like, well, there's so many people that have zero and trying to make ends meet. I'm like, I get it. They can still get value out of this about getting the Tetris of their life, but maybe a wealth building book or how to make dollars book might be more useful to them at this time in their life. In Japan, it's the opposite.

And also Japanese, they're healthier.

And also Japanese, they're healthier.

Yes. If you walk around Japan, old people... It's an older country, but they're around, they're moving, they're doing things or having activities, etc. They're enjoying their life. For Americans, looking at the obesity epidemic and the lifestyle of Americans, their ability to consume experiences deteriorates way, way faster and way earlier than, say, the Japanese.

Yes. If you walk around Japan, old people... It's an older country, but they're around, they're moving, they're doing things or having activities, etc. They're enjoying their life. For Americans, looking at the obesity epidemic and the lifestyle of Americans, their ability to consume experiences deteriorates way, way faster and way earlier than, say, the Japanese.

By nature of the business, even the smallest position can take you out of the game. It's really about taking prudent risk reward and then stopping out when you can. Life is risk. You can get hit by a bus. A meteor can hit you. You can get some sort of crazy infectious disease. You can get a bum deal just going out. But you're not going to live in a bubble. You're going to take calculated risk.

By nature of the business, even the smallest position can take you out of the game. It's really about taking prudent risk reward and then stopping out when you can. Life is risk. You can get hit by a bus. A meteor can hit you. You can get some sort of crazy infectious disease. You can get a bum deal just going out. But you're not going to live in a bubble. You're going to take calculated risk.

So in trading, we're optimizing for profit. You're going to take risks that in a tail scenario can blow you out. The key is taking prudent risk reward decisions. I don't smoke. The reward's not great enough. I did go skydiving. The first time, the reward was great. The second time, it was half as great. I didn't do it the third time because the risk was the same and the reward wasn't.

So in trading, we're optimizing for profit. You're going to take risks that in a tail scenario can blow you out. The key is taking prudent risk reward decisions. I don't smoke. The reward's not great enough. I did go skydiving. The first time, the reward was great. The second time, it was half as great. I didn't do it the third time because the risk was the same and the reward wasn't.

The reward was going down and the risk was still the same. And so this is the same thing in training. We look at everything on a risk-reward basis, the likelihood of dying. If things go awry, can we get out? Have I sized my position? Can I get out? Is the liquidity there? And all these things are going on all the time.

The reward was going down and the risk was still the same. And so this is the same thing in training. We look at everything on a risk-reward basis, the likelihood of dying. If things go awry, can we get out? Have I sized my position? Can I get out? Is the liquidity there? And all these things are going on all the time.

I'll give you a great example of physical risk. Okay. So I have a cartilage disappearing in L3, L4. Bones are hitting each other. So I'm advised against doing impact things. And I was 50 years old in the islands and guys were going to go wakeboarding. I was like, I don't want to go. I don't want to go. I'm going to hang out on the beach. I'm going to loaf. And I thought about it for a second.

I'll give you a great example of physical risk. Okay. So I have a cartilage disappearing in L3, L4. Bones are hitting each other. So I'm advised against doing impact things. And I was 50 years old in the islands and guys were going to go wakeboarding. I was like, I don't want to go. I don't want to go. I'm going to hang out on the beach. I'm going to loaf. And I thought about it for a second.

I said, I don't have many wakeboarding times left. Like I'm not going wakeboarding at 60. I have this degenerative back thing. It's going to be more dangerous for me, et cetera. If I am to wakeboard.