Brad Jacobs

They're just on some tangent that just wasn't managed properly, just grew up like a weed.

But I also see companies that are underinvested, that haven't put enough money into the business and they've lost opportunity to grow the business as a result of not investing in the business.

And both of those, too much bloat or actually just bloat and too skinniness in the

of overhead.

Both of those things are bad things.

You want to find, like most things in life, you want to find that middle path.

You want to find that good harmony.

Can you tell me about Ludwig Jesselson?

Oh, I'd love to.

So Ludwig, you see a big smile comes to my face.

So Ludwig Jesselson, may he rest in peace, he died in 1993.

Ludwig Jesselson was the head of Philip Brothers, which was, before there were hedge funds, the word didn't exist back then, but he was the largest hedge fund.

I would call him a hedge fund because they were a commodity trader.

They traded oil, they traded metals.

and a global business.

And Mr. Jesselson, I never heard anyone call him Ludwig.

Mr. Jesselson, I was called sometimes Mr. J. Mr. Jesselson was an amazing individual.

And he was my first big business mentor.

And anytime I met someone in my business career who was older than I was and was very successful,

I tried to glom onto them and I just picked their brain and just asked them, so how'd you get so successful?