Steven

And I said, not struggling, not broke, but I hope the only way to understand the value of a dollar is to experience the power of its scarcity. And I hope there's a period when my wife and I are able to say, like, look, you're never going to fall flat on your face. You're not going to be homeless. You're always going to have good health care.

And I said, not struggling, not broke, but I hope the only way to understand the value of a dollar is to experience the power of its scarcity. And I hope there's a period when my wife and I are able to say, like, look, you're never going to fall flat on your face. You're not going to be homeless. You're always going to have good health care.

But I hope you're able to experience the scarcity of a dollar so you value it. I did. My parents taught me that in a way that they didn't need to, but they let me be poor for a while. And most people will experience it because they have that. That's the situation they're in. So that's one thing I think about. And I think actually quite a few families deal with that is like,

But I hope you're able to experience the scarcity of a dollar so you value it. I did. My parents taught me that in a way that they didn't need to, but they let me be poor for a while. And most people will experience it because they have that. That's the situation they're in. So that's one thing I think about. And I think actually quite a few families deal with that is like,

How can you help your kids? And it goes beyond money. This is, you know, so many, the helicopter parent era is I want to protect you from downside at all costs, emotional downside. And I think money is one of many topics in which you're going to learn the best by experiencing the downside.

How can you help your kids? And it goes beyond money. This is, you know, so many, the helicopter parent era is I want to protect you from downside at all costs, emotional downside. And I think money is one of many topics in which you're going to learn the best by experiencing the downside.

than young women and i think it was like one in seven men are out of work yeah so it's a different world for a man but but we still have the sort of prehistoric caveman mindset of being a protector and a provider yes the world has changed yeah i think scott galloway recently said that like a really aspirational definition of manhood is is wanting to procreate provide and protect you want to have kids and you desperately want to provide for your family and protect your family

than young women and i think it was like one in seven men are out of work yeah so it's a different world for a man but but we still have the sort of prehistoric caveman mindset of being a protector and a provider yes the world has changed yeah i think scott galloway recently said that like a really aspirational definition of manhood is is wanting to procreate provide and protect you want to have kids and you desperately want to provide for your family and protect your family

And I do think that there are, yeah, there's men all over the world to a higher degree than there's ever been that feel like those three things are out of reach for them.

And I do think that there are, yeah, there's men all over the world to a higher degree than there's ever been that feel like those three things are out of reach for them.

Daniel Kahneman, a great psychologist, passed away last year. He had a saying. He was like, when all of your options are bad, you become very risk-taking because you have nothing to lose kind of thing. So whenever you see people participating in get-rich-quick schemes, you know it's because they feel like all their options are bad.

Daniel Kahneman, a great psychologist, passed away last year. He had a saying. He was like, when all of your options are bad, you become very risk-taking because you have nothing to lose kind of thing. So whenever you see people participating in get-rich-quick schemes, you know it's because they feel like all their options are bad.

If you knew, if you believed that if you could go to college and learn, or not go to college, but if you can go learn a skill, and go work hard and earn a stable paycheck to provide for your family, 99 out of 100 men are going to say, that's the one I want.

If you knew, if you believed that if you could go to college and learn, or not go to college, but if you can go learn a skill, and go work hard and earn a stable paycheck to provide for your family, 99 out of 100 men are going to say, that's the one I want.

But if you believe, whether it's true or not, if you believe that that option is not available to you, you're like, let's throw it all on this new coin kind of thing.

But if you believe, whether it's true or not, if you believe that that option is not available to you, you're like, let's throw it all on this new coin kind of thing.

and so i think that's you you see that quite a bit there's a lot of things in life where you see people making bad decisions or what you think are bad decisions and it's easy to mock them or look down upon or just say they're idiots but like deep down there's always a reason that is kind of is there's there's a deeper reason why they're doing it and for a lot of these things with financial risk taking it's it's like a lack of not not necessarily a lack of self-esteem but a lack of self-confidence in their ability to earn a good dignified stable wage to provide for their family

and so i think that's you you see that quite a bit there's a lot of things in life where you see people making bad decisions or what you think are bad decisions and it's easy to mock them or look down upon or just say they're idiots but like deep down there's always a reason that is kind of is there's there's a deeper reason why they're doing it and for a lot of these things with financial risk taking it's it's like a lack of not not necessarily a lack of self-esteem but a lack of self-confidence in their ability to earn a good dignified stable wage to provide for their family

Yeah. With men, what a lot of it is, is the inability to say that's enough, particularly with the risks that they're taking. So you see this with a lot of hedge funds. Hedge funds are just giant investing pools of money of like rich people on Wall Street managing money. They have quite a long history, not lots of them, but quite a long history of them blowing up.

Yeah. With men, what a lot of it is, is the inability to say that's enough, particularly with the risks that they're taking. So you see this with a lot of hedge funds. Hedge funds are just giant investing pools of money of like rich people on Wall Street managing money. They have quite a long history, not lots of them, but quite a long history of them blowing up.