Brad Jacobs
speaker
1,288 appearances
1 recordings
1 series
first heard Aug 2026
last heard 4 Aug
Brad Jacobs’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
I'm going to be an oil trader because I've been making all this money for my clients where they're making three, four, $5 a barrel and I'm making five or 10 cents a barrel.
Of course I had no risk, but they were taking positions.
I said, now I'm going to put my money where my mouth is.
I'm going to put my money into a bank.
I'm going to get a letter of credit.
I'm going to actually buy and sell as opposed to just broker.
He said, oh, Brad, don't do that.
Don't do that.
You should maybe take a small percent of your savings and put it into your new business, but take the vast majority of your money and just tuck it away just in case the next thing doesn't work out.
And fortunately, I overruled my Uncle Howard and I had to go with what he said.
I did exactly the opposite.
I took a completely contrarian position where I took, I think it was like $100,000 or maybe at most $200,000.
And I tucked that away.
I took all the rest of my money
I deposited it with Bank Paribas, now it's BNP Paribas, back then it was Paribas, and they gave me a billion dollar line of credit, and I swung for the fences.
I used sometimes up to $990 million of that line of credit doing counter trade deals, doing,
pre-financed deals, doing barter, doing processing deals, deals that I, they were very complex, going back to the math, very, very complex, but organized.
I knew what I was doing.
And sometimes people would look at it and say, wow, there's a lot of elements to what you're doing there.
You're buying it, you're shipping it, you're refining it, you're hedging it.
Showing 421–440 of 1,288 · page 22 of 65
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