James Altucher
speaker
316 appearances
3 recordings
2 series
first heard Jan 2025
last heard 1 Apr
James Altucher’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.
Appearances
Well, a lot of times you go into business, you think you're going to make money a certain way.
But what if we, you know, charged as a service instead of as a product or as a product instead of a service?
There's all sorts of things you can do to experiment in business to find the right combination of things that will make you a lot of money.
So I view experiments as a really quick and valuable way to learn incredible amounts of information relatively quickly.
Nicole, so happy to be here. This reminds me of those 5 a.m. moments when you were hosting that 5 a.m. show on CNBC. And you would wake up for it. I would wake up. So I'd wake up at like 3.30. I lived an hour away. I would get over there. And I loved every minute of it. It was always such a pleasure hanging out with you on TV.
Who knows if the three people that were listening really paid attention, but we had so much fun.
Well, you know why? It's not necessarily the paper losses. It's the fear. Is this going to continue? Like, are we in trouble? And it's not like, is this stock going to be okay? It's more like, am I going to be okay? because every stock on the screen is down, right? The S&P is down 5%. I don't know the last time it's been down 5%. It feels bad. It feels like March, 2020 or December, 2008.
Like one of those periods where you feel like capitalism's gonna be dead.
Yeah, so it's very real and scary to people who are saving. And at the same time, their jobs are uncertain because of all the tariff stuff. And I'm saying all this because I think this is what people really care. They don't want to know, oh, what AI stock should I buy today? Nobody wants to know that. They just want to know, am I going to be all right? Is my family going to be OK?
And the reason I bring this all up is because I definitely think everybody is going to be OK. But it just feels bad right now.
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.
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?
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.
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.
We still bounce back so strong. I mean, there was like an 11-year bull market that lasted until the pandemic. And even that year of the pandemic, the market was up. So it lasted until essentially 2022.
Yeah. So let's talk about it. First off, let's set the historical stage, like what historically has happened and when have tariffs been bad? Because there has been a period when they've been bad. So first off, for the entire first half of the United States from the founding of the United States until 1913, 97% of the United States revenues came from tariffs. We didn't have any federal taxes.
Showing 141–160 of 316 · page 8 of 16
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