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Welcome back ladies and gentlemen this Is the bearable ball Here and I got this aggressively average Content for you today and what is an Important day in xrp history in Ripple History but also in the history of the Investing World ladies and gentlemen I have Something very important to Say yesterday Warren Buffett's best Friend and business partner Charlie Munger died at the age of 99 Charlie Munger is actually someone I've studied pretty intensely throughout The years because he is the secret mind That help assists Warren Buffet and That's someone you better take note of That's someone with a lot of wisdom a Lot of years and I always say when the Elderly pass away a library is burnt Down I would highly recommend studying Charlie Munger deeply to improve your Investing careers my friends and Something that I would heavily recommend You all listen to is this piece of Advice he gave just a couple months ago One of the biggest pieces of advice he's Given and one of the last conferences he Ever had the toxic people who were Trying to fool you or lie to you who Aren't reliable in meeting their Commitments the great lesson of life is Get them the hell out of your life yeah And do it
Fast do it Fast and I would Add with Charlie would totally agree With me do a tactfully of possible too But do get them out of your Life yeah yes yeah I don't mind a little Taged or even a little Financial cost But the question is getting them a hell Out of The now guys right there is lifechanging Advice I would recommend for all of You if you're around people that aren't Fostering your creativity your ideas Your knowledge or your personal growth Get them the hell away from you how can A flower grow in rotten soil we as Humans are a product of our environment And if your environment of people is not Ideal successful intelligent progress Driven then you're only going to Self-sabotage when xrp finally goes to The Moon ladies and gentlemen cutting out Toxic people is the number one piece of Advice that I would recommend you listen To from Charlie Munger and and trust me when I say once That happened all the puzzle pieces fall Into Place you guys will all be experiencing Lifechanging gains from xrp one Day and once it's time once you all have Everything figured out you'll be glad You did
It we're going to have to deal with Things that the 1% do like sudden wealth Syndrome like having people coming out Of the woodwork nibbling at your heels After all the work you did while they Doubted you now while you were giving Them advice and they were ignoring it They were laughing at It but they'll get humbled Quickly ladies and gentlemen we're in a Powerful position for the next step of The fourth Industrial Revolution and you can never forget It here from ABS at good morning crypto We got additional confirmation that We've always held the best asset on the Planet as as of October 2023 a presentation was unveiled showing 500 plus Partnerships and Counting for Ripple and ladies and gentlemen I've Been here for long enough to remember When Ripple had 100 Partners 300 Partners 400 partners and Now understanding that we have 500 plus Partners Ships is Lifechanging but what's more humbling For all of you to understand is we would Have had more had we not gotten sued by The SEC here in the United States most Of Ripple partners are International but now the floodgates has Been opened for ripple and for xrp here In
America hundreds of us FIS want to start Working with Ripple and eventually I Think they'll want to use Xrp but this is a major step Forward this is Major Confirmation and anyone trying to tell You that 500 plus Partnerships is Senseless hype can get to the back of The line you can ignore them Thoroughly because this is Major we continue to build while 100 Plus million dollars in legal fees was Drained from our war chest we made Acquisitions like Medico we were trying to make Acquisitions like Fortress Trust Ripple is continuing to put stakes In companies that will help them did you Guys forget about pit Stamp how about the recent uphold Partnership all of these are indications To me of a healthy company and healthy Business growth and everything I've ever Learned from Warren Buffett and Charlie Munger indicate that Ripple is a winner And you better believe that I put my Money in Xrp because I know that they help Foster Xrp's Growth and there will be a day when What's under the hood of the xrp train Will be so massive that 99% of people Will be asking themselves how they Missed
It I'm going to cap off this video for Today with a Compilation of Charlie merer Clips and Important pieces of advice I would Recommend you all adopt and listen To and if nothing else you get from this Video understand that we are on the Right Path understand that Charlie Munger and Warren Buffy do not like Crypto but despite that fact they're Invested specifically in companies that Are helping Foster Ripple and xrp's Growth Sumitomo Bank of America massive Ripple Partners and Warren Buffett has a Massive Stake all I do is place my pennies next To the billionaire Dollars and sometimes copying what the Old money Does will make you into the new one% Ladies and gentlemen this is the beable B Here thanks for tuning In as always I appreciate every single One of You now I'll be back Tomorrow with another Video those of you who are about to Enter business school or there I Recommend you learn to do it our way but
At least until you're out of school you Have to pretend to do it their Way people don't seem to get that point You have any idea why Charlie waren if people weren't so often Wrong we wouldn't be so rich No yeah I think you would understand any Presentation using the word eida if Every time you saw that word you just Substituted the phrase Earnings so no I'm I'm optimistic about Life if I can be optimistic when I'm Nearly dead surely the rest of you can Handle a little inflation and of course That's the other advice the best way to Get what you want in life is to to Deserve what you want how could it be Otherwise it's not crazy enough so that The world is looking for a lot of Undeserving people to reward everybody Wants fiscal virtue but not quite yet They're like that guy who felt that way About sex who's willing to give it up But but not quite yet well you don't Want to be like the motion picture Executive in California and they said The funeral was so large cuz everybody Wanted to make sure he was Dead it was investment banker aided Fraud yeah not exactly Novel that does not mean we approve of Every buyback at all though I mean we've Seen no no no I think some people just Buy it to keep the stock up and that of
Course is insane and immoral but apart From that it's fine I have listened to So many nonsensical cost of capital Discussions that I've never heard of an Intelligent one yeah Charlie's big on Lowering expectations absolutely that's The way I got Married my wife lowered her expectations Sure there are a lot of things in life Way more important than wealth all that Said some people do get confused I play Golf with a man he's says what good is Health you can't buy money with it well There are a whole lot of things I don't Think about and one of companies are Losing two or three billion dollars a Year and going public and accounting you Can do things like they do in Italy when They have trouble with the mail you know It piles up and irritates the postal Employees they just throw away a few car Loads and then everything Flows folks that happened in some Unnamed International Company country Yeah Italy the general system for money Management requires people to pretend That they can do something that they Can't do and to pretend to like it when They really don't I think that's a Terrible way to spend your life but it's Very well Paid well I can't give you a formulaic Approach because I don't use one if you
Want a formula you should go back to Graduate school they'll give you lots of Formulas that won't work and Samuel Johnson said famously I can give you an Argument but I can't give you an Understanding it's extraordinary how Resistant some people are learning Anything he answer is no the board at Luol did not breach its Duty because we Were not going to participate in the Transaction if they didn't do it our way Has anybody else got an easy Question yet it's perfectly obvious at Least to me that to say that derivative Accounting in America is a sewer is an Insult to Suage it's not that great a business as A business Casualty Insurance it's a Tough game there Temptations to be Stupid in it it's like Banking and but Competency is a relative is a relative Concept and what a lot of us need Including the one Speaking what I needed To get ahead was to me compete against Idiots and luckily there's a large Supply and I don't like Multitasking I see these people doing Three things at once and I think God What a terrible wayy that is to think I Like cryptocur currencies a lot less Than you do and I think the people who Are professional traders that go into Trading Cryptocurrencies it's just disgusting
It's like somebody else is trading turds And you decide I can't be left Out one reminds me Once I asked a man who just left a large Investment Bank and I said how does your Firm make its money he said off the top Off the bottom off both sides and in the Middle well I would rather throw a Viper Down my shirt front than hire a Compensation consultant um I think I've Offended enough people Right there's two or three in the Balcony