Brad Jacobs

You're going to go through every day.

You're going to have a to-do list and you're not going to get through a quarter of your to-do list every day.

Your to-do list is too short.

And when you get to the point when there's some type of a been there, done that mentality, then it's time to move on.

For the first 10 years of my business career from ages 23 to 33, I was in the oil business.

And I loved the oil business.

It was this global business that back then in 1979 to 1989, there was no internet, there was no email.

Futures Exchange were just starting towards the end of that.

And information was hidden, particularly information about pricing.

So you could go to an OPEC country and sign a contract for $23 a barrel.

And they only set the price every three months or so when they would meet in Vienna or they meet in Geneva.

In the meantime, the spot market is like $33 a barrel, for example.

And you could resell it for $10 back to back with no risk.

If the price happened to go down, you just don't lift the cargo.

You minimize the amount of lifting you have.

So this was a wonderful business to be in because of the information immaturity, the lack of free flow of information.

You would find out the pricing of oil if you weren't in the game, if you weren't in the business all day long by a snail mail newsletter you would get from McGraw-Hill, Platt's Oil Grant it was called.

And that's how people discovered price.

Now you discover it every second.

It's up on the screen with futures and you see it every tick.