Peter Tuchman
speaker
483 appearances
9 recordings
1 series
first heard Dec 2024
last heard Apr 2025
Peter Tuchman’s voice in public audio — every appearance, attributed to the second.
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Appearances
We get nervous, we get anxious, we don't feel we are good enough or our self-esteem is in question. And he always talks about those butterflies that we get in our stomach and that when we're about to do something, And he said he always said to me, because I would say to him, I said, I've been around for a long time. And still, when I embark on a new thing, I still get nervous.
I'm still anxious about it. And I kind of feel like, where does that come from? Is it a lack of confidence or whatnot? He flips that whole narrative on his head and says, no, when you're about to embark on something new and you've got those butterflies in your stomach, that is actually you. about to embark on something that is really significant.
As opposed to looking at it as a negative, it means you're about to change some stuff up. So where did that confidence come from with you? Because it doesn't, a lot of children, a lot of people who come to me, right? You knocked on the door a number of times, but persisted. A lot of people try and reach me and maybe not and never call back. Some people try things. They get knocked down.
The first door they go to is not opened automatically, and they kind of give up. And they may have actually lost an opportunity along the way. So where did that confidence come from? Tell me.
So, you know, it's interesting because study habits are super. So there are a lot of things that are important because along the way I did so many. If you ever hear me tell my story about studying, getting a degree in agriculture, international business, owning a record store, trading commodities, moving to Africa for two years, coming back here, finding my job on the stock exchange.
My journey into finance was not a direct one. And so it's a matter of what are the qualities that make us able to find our goals and achieve our goals, find success, find fulfillment and whatnot. We may not always have a direct line to what we end up doing. And mine was not, but persistence, discipline, consistency, honesty, um, are super important things.
And also the things, as you said, trying to do everything in your power to build confidence. Also not feel that you can't knock on every door. It's not a matter of how many times you get knocked down. It's how many times you get back up and not miss that next opportunity. And also along the way to learn the study habits too, so that when you find something you love to do, right?
You'll never work a day in your life. You're going to have all of those components to be great at whatever you do. want to do. So for me, I know that in my world that I've done, look, I've had a really, I've had good times and bad times. I've had a lot of success in my life. There's success, which is kind of short-term financial success.
And then there's fulfillment, where you really have that feeling that it's a gift, that you're able to connect people to opportunity and actually do good things. But one of the reasons I sort of had this epiphany when I was talking, we were talking about what was going to be our next segment here in Money News Network, Trade Like Einstein, was because I get this question asked all the time.
And I know that I can motivate, I can frigging motivate a dead person. I can connect you with people along the way on the industry. But there's a far journey between where you are as a young high school student or a college student and those four years that transpire. Because I know I have people who contact me all the time and all they'll just say is, can I have an internship?
Can I have an internship? I'm wondering if there's a better way that we can get people to understand, how do you do that? How do you read up on the person? Now, we've talked about it too. When I introduce people to somebody that may be able to better them along the way, and I'll just say, you know, start to learn, start to meet people, right?
There is absolute, the key to this thing is building a resume, not a resume that you have with all your achievements on a piece of paper, because as we know, from some guy who's running for Congress that you can make that stuff up any day of the week. But it's a matter of along the way is making relations. Relationships are kind of key for me, right? I'm one of these, I'm a humanist, right?
And so along the way, we have a really nice relationship. It went from her knocking on my door, me giving them a tour. Then I went and spoke at the forum she talked about, which was a real give back situation. It was me and three or four people who are Baruch alum who had been through the ropes, who had gone through that journey, who had found success, and they were still in it.
They were in their second and third year of their jobs at Morgan, at JP, at Citi, at wherever they may be. And they came back to give people that help. I don't need to die with the most toys. That does absolutely nothing for me. But along the way, what's so powerful, and I learned this from my dad, is that that It's not a matter of really dying with the most toys.
It's a matter of along the way, if you can better someone else's life and uplift other people and create this team atmosphere where we can actually be successful and find fulfillment together, that's awesome. My son, Benny, has obviously felt that and learned that from me. We have a team of five interns. Alicia is one of them. And we're here trying to teach them what we know, whatever it may be.
She may not actually end up in finance. It seems to be somewhere where she's headed. But at the end of the day, the things that we learn along the way about relationships, about honesty, about networking, about opportunity, about connecting with another person. Those are the things that people who already have done this thing.
It's like surrounding yourself with people who empower you and not people who envy you and stuff like that.
It didn't happen just like that.
So the key is this doesn't happen by accident. We always joke about it. Technical analysis, losing a lot of money doesn't happen by accident. It happens because you average into a bad trade. Same thing here. So you need to wake up every morning and grind. You need to walk the walk and talk the talk. You need to do the work.
We talk about it also in our academy that you'll get out of it what you put into it. It doesn't happen by accident. You can't sit there in your bed, you know, having been out all night doing whatever you may be doing and think that the opportunities are going to come knocking on the door. So I think you've done a lot of work. It's really clear that way.
Showing 361–380 of 483 · page 19 of 25
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