03:18
Over the next two or three years, you get lucky. Pick one, pick a winner. But the rest of your life, That's the question. So here's what I've done lately. I've been spending time in New York, because I've got family here. And I cold emailed and did cold outreach, and I randomly met a bunch of people who work at hedge funds. And I'm like, hey, like, I'm not, like, a competitor. You don't ever have to worry about me. I'm just, like, a a passionate, interesting, interested person. Can I just, like, see your office and just, like, can I just sit at your computer and you just show me your software? And, like, I just wanna see, like, what you do all day. And you go to some of these offices, and, you know, I would have thought, like, there are, like, woofle wall street where it's, like, buzzing and, like, the phones are ringing. It's really just a bunch it's pretty quiet it's usually just like a bunch of nerds, like, looking at a computer screen, but they got, like, four screens, and they've got, like, incredibly complicated software And the average show is getting paid hundreds of thousands, sometimes tens of millions of dollars to be good at this one thing. And then I think about, like, how is, like, Bobby Lee in whatever, Missouri where I'm from on his Robinhood app possibly gonna have, like, an edge on all these resources. And these people with all these resources, they're still not that good. You know, I talked to a guy who worked at Bridgewater recently, I was like bridgewater. I've run up Ray Dalio. Aren't you guys like the best? He's like, sometimes we're the best, but the last fifteen years, we've sucked. We've underperformed the market. And I'm like, that's insane that fifteen hundred employees tens of billions or hundreds of billions that are assets. You're all paid, like, the best there is. You still can't beat it. And so that kinda, like, that's kind of where I'm coming from. Yeah. It it's also like Vegas. You go to Vegas and, you know, you've got you're on a hot streak for for thirty minutes
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