Steven
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And everybody predicted. is wrong year after year after year. And this was so amazing to me for a couple of reasons. First of all, it's like, wow, this is a big thing that we as a society should understand. And we're getting it wrong. But secondly, if all of the best guys in the world are getting this wrong, then if I can figure this out, I can make a ton of money here.
Gary, how much money did you make for Citibank at the age of 24 years old?
Gary, how much money did you make for Citibank at the age of 24 years old?
That year, so that year, 2011, I put this big bet on that it would get worse forever. And I was Citibank's most profitable trader in the world that year. And I made them just over $35 million.
That year, so that year, 2011, I put this big bet on that it would get worse forever. And I was Citibank's most profitable trader in the world that year. And I made them just over $35 million.
You made them $35 million. You eventually decide to leave Citibank. Yeah.
You made them $35 million. You eventually decide to leave Citibank. Yeah.
Why? I mean, I think that's an interesting question, right? You know, in the sense that I'll just explain to you what happened, which is I made a ton of money by betting on the collapse of... Western society. I did it in 2011. I did it again in 2012. I would prefer for it not to collapse, Stephen. And I'm trying to stop it from collapsing.
Why? I mean, I think that's an interesting question, right? You know, in the sense that I'll just explain to you what happened, which is I made a ton of money by betting on the collapse of... Western society. I did it in 2011. I did it again in 2012. I would prefer for it not to collapse, Stephen. And I'm trying to stop it from collapsing.
When you say it collapsing, what exactly are you referring to that you don't want to collapse?
When you say it collapsing, what exactly are you referring to that you don't want to collapse?
So you were born in Botswana, right? Yeah. Do you still have family there?
So you were born in Botswana, right? Yeah. Do you still have family there?
I've got family in Nigeria, which is where my family are from. I was born in Botswana because we were visiting there, but I've got family in Africa. Do you go to Nigeria much? No. I've got a home in Cape Town in South Africa, so I see that it's a great place if you want to see inequality. I think there is...
I've got family in Nigeria, which is where my family are from. I was born in Botswana because we were visiting there, but I've got family in Africa. Do you go to Nigeria much? No. I've got a home in Cape Town in South Africa, so I see that it's a great place if you want to see inequality. I think there is...
A naivety in this country, in places like the US, that the kind of inequality, the kind of broad poverty that you see in places like South Africa, in places like Nigeria, in places like India, can't happen here. It will happen here. That is the future of this country. That is the future of the US. And I'm not just saying that. I'm betting on it.
A naivety in this country, in places like the US, that the kind of inequality, the kind of broad poverty that you see in places like South Africa, in places like Nigeria, in places like India, can't happen here. It will happen here. That is the future of this country. That is the future of the US. And I'm not just saying that. I'm betting on it.
And I've been betting on it for 15 years, and I've been right for 15 years. That is what I'm trying to avoid.
And I've been betting on it for 15 years, and I've been right for 15 years. That is what I'm trying to avoid.
Daniel, where do you come from?