James Altucher
👤 PersonAppearances Over Time
Podcast Appearances
Yeah. It's hard. Your paper net worth, A, it's not your real net worth, and B, it's not your self-worth. And it's really important to remember that during the very few periods that are like this. So again, in the past 25 years, there was 9-11, there was 2008, there was March 2020, and there's now.
No, maybe not. Right, and to your point, like I haven't looked at my portfolio at all until you just said, let's look at our portfolio.
No, maybe not. Right, and to your point, like I haven't looked at my portfolio at all until you just said, let's look at our portfolio.
No, maybe not. Right, and to your point, like I haven't looked at my portfolio at all until you just said, let's look at our portfolio.
Well, I don't really, I only own stocks that I had invested in privately that are now, that then went public. So I'm significantly up on investments like this, but like one stock I own is 11% down today. So it doesn't feel good looking at it, but you know, a weird thing happened to me yesterday, which is I ordered off of Uber Eats And the driver was dropping it off and I was outside.
Well, I don't really, I only own stocks that I had invested in privately that are now, that then went public. So I'm significantly up on investments like this, but like one stock I own is 11% down today. So it doesn't feel good looking at it, but you know, a weird thing happened to me yesterday, which is I ordered off of Uber Eats And the driver was dropping it off and I was outside.
Well, I don't really, I only own stocks that I had invested in privately that are now, that then went public. So I'm significantly up on investments like this, but like one stock I own is 11% down today. So it doesn't feel good looking at it, but you know, a weird thing happened to me yesterday, which is I ordered off of Uber Eats And the driver was dropping it off and I was outside.
And she said to me, hey, can you give me advice on my career? Like, what should I do to have success?
And she said to me, hey, can you give me advice on my career? Like, what should I do to have success?
And she said to me, hey, can you give me advice on my career? Like, what should I do to have success?
Yeah, it looks nice. Let's just say that. And I said, without thinking about the markets, I said, the thing is, And you know my story, like I've been broke many times. And then- How many times? At least four. Okay. Like dead broke. I've had ups and downs, but like dead broke and then- Like zero money. Then dead broke again.
Yeah, it looks nice. Let's just say that. And I said, without thinking about the markets, I said, the thing is, And you know my story, like I've been broke many times. And then- How many times? At least four. Okay. Like dead broke. I've had ups and downs, but like dead broke and then- Like zero money. Then dead broke again.
Yeah, it looks nice. Let's just say that. And I said, without thinking about the markets, I said, the thing is, And you know my story, like I've been broke many times. And then- How many times? At least four. Okay. Like dead broke. I've had ups and downs, but like dead broke and then- Like zero money. Then dead broke again.
And I said to her, which is the key thing I learned, is that the main skill is how quickly can you bounce back from adversity? Like you can't look backwards. You have to always be looking for- the opportunity, even in bad moments, even in moments like we're experiencing right now, because there's always opportunities. Like the economy is bigger than ever.
And I said to her, which is the key thing I learned, is that the main skill is how quickly can you bounce back from adversity? Like you can't look backwards. You have to always be looking for- the opportunity, even in bad moments, even in moments like we're experiencing right now, because there's always opportunities. Like the economy is bigger than ever.
And I said to her, which is the key thing I learned, is that the main skill is how quickly can you bounce back from adversity? Like you can't look backwards. You have to always be looking for- the opportunity, even in bad moments, even in moments like we're experiencing right now, because there's always opportunities. Like the economy is bigger than ever.
There is more money in this economy than ever. And I'm not saying you can just tomorrow turn your financial life around, but you could set yourself on a track and that alone feels good to make positive progress, to move forward. It took years for me to kind of stop wallowing in the badness and start moving forward towards the goodness.
There is more money in this economy than ever. And I'm not saying you can just tomorrow turn your financial life around, but you could set yourself on a track and that alone feels good to make positive progress, to move forward. It took years for me to kind of stop wallowing in the badness and start moving forward towards the goodness.
There is more money in this economy than ever. And I'm not saying you can just tomorrow turn your financial life around, but you could set yourself on a track and that alone feels good to make positive progress, to move forward. It took years for me to kind of stop wallowing in the badness and start moving forward towards the goodness.
Right. But like just like a portfolio, even if your portfolio is down, even if the economy is down, even if there's so much uncertainty, there's so much uncertainty right now. But we know that everyone says that every time, oh, the world's over, capitalism's dead, but it always comes back. We never got closer than 2008. 2008, things were legitimately bad.