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[music]

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Welcome everybody. This is the absolute

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first episode of Pale Blue Nexus and I'm

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uh honored to have a longtime sort of

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like corresponder in my email, uh Jim

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Rogers. Jim, we've been corresponding

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for since uh 2009. I just checked my

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records. Uh you were a bit younger then,

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huh? And so was I.

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>> Guess everybody was.

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[laughter]

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>> We were talking about something that was

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a little bit uh close to my heart back

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then. And and you were big on the gold

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scene back then. Um what what has

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changed since 2009? And maybe we can

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just talk about like the macro

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environment first before we get into

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specifics.

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>> Well, Johan, a lot of things have

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changed since 2009. You know, I'm older,

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you're older, everybody's older. I hope

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we're all richer. Um, hope we're all

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happier.

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Happy New Year.

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>> Yes. Chinese New Year. So, you're you're

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out in Singapore. How is that going?

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Singapore and we have Chinese New Year

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here.

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>> And And how do you feel about the year

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of the firehorse?

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>> Hooray. Hooray. I actually was born in

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the year of the horse, so I good. I hope

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it's good news.

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>> Oh, that's interesting cuz uh so was I.

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Do you know what your element is?

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>> I don't know. I didn't know I had an

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element, so I guess I don't know.

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>> Yeah, you'll have to look that up. I'm a

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earth horse. And uh this here is the

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fire horse. So you may be a water horse

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or a a gold horse. You might be a gold

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horse.

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>> Look, gold. I'd like to be a gold horse.

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Yes. [laughter]

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>> So tell me, Jib, how has it been out in

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the Asian nations since you've moved

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there?

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>> Well, whether we like it or not, Asia is

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the future. I mean,

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the population is here and the

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prosperity is here. though I mean I

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don't particularly like it since I'm an

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American but America is the largest

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devil in the history of the world. Asia

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has lots of prosperity and lots of

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money. I'm quite happy in Asia. We live

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in Singapore which has been a very

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successful country. So we're delighted.

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>> Very nice. And how has been the uh

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transition for your family?

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Well, my family, one of my daughters was

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actually born here. Uh, both of I mean,

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my dad, my older daughter has just

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graduated from university in Columbia,

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New York. So, she's now working. She's a

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got a real job and the other one is

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going to university next year. They're

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growing up.

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>> Yeah. You must be a lucky guy to have

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two daughters. I have one myself and uh

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they're certainly a blessing.

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Well, I my my parents had five sons, so

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I know the girls are better than boys.

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Quite happy to have girls.

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>> That's cool. Um, you know, one of the

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things that we talked about on over

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email was like education. Um, my mom was

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big on that and I figure I don't know

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how influenced you were by your parents,

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but I knew you went to Yale and Oxford

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and times have changed since then.

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Um there just recently my colleague

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commented about

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it sounds a little crazy to spend 100k

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on education for their uh newly

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18year-old or 19year-old is thinking

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about going to college. What do you

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think about that tradeoff this this time

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with the world the way it is with the

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way AI is? Um yeah what do you think

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your thoughts?

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Well, I do know that university is good

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for people. Uh, it helps you grow up. It

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teaches you a bit about the world. Uh,

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yes, you do learn some things. You could

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learn those things going to the library,

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too. But the university exposes you to

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new people, new experiences, new ideas.

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I guess that's the best part of a

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university education is you meet new

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people, new ideas. you have new

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experiences, things that never would

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have happened to you at home. So that I

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am quite keen on university. I went to a

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couple of nice universities and I

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suggest that everybody should do it.

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It's the experience more than anything

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else. You can read all those books

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wherever you are, whenever you are, but

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it's the experiences of meeting new

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people, having new experiences. That's

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the best part.

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Yeah, I guess it was always about that.

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It just became more about that. And it's

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uh even more important these days to

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surround yourself with uh the right

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people. It's uh it's just interesting.

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Do you think a high pre a high Ivy

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League highost Ivy League education is

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is uh is is the same as maybe a

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lesser school with a lesser cost?

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Well, I mean, you can go to the state

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university in Mississippi or to

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Princeton. Uh, both will be good

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experiences for you, extremely good

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experiences for you. It's the

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experiences you have that are better

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than anything. Now, I don't know if the

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people at Princeton are better than the

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people at the University of Mississippi,

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but I certainly had a lot of fun at

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Yale, had a lot of fun at Oxford.

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Maybe I would have been I should have

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gone to University of Mississippi. It's

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the It's the experiences and the new the

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new life that's the best part of it.

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>> Would you share a couple of fun

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experiences that you had at Yale? I'm

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I'm curious.

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>> Oh. Oh, you know, when I went to Yale, I

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was from the backwoods of Alabama. I

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didn't know anything. I I my phone

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number when I went to Yale was five.

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That's not a typo. Five. I didn't even

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know how to use dial telephones. So

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going to Yale, I learned how to use f

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telephones if nothing else. You know, it

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was a very good experience. Nobody had

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ever heard of me or Alabama where I was

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from. Nobody knew much of anything. But

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that was a great experience. Likewise at

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Oxford. I met new people and learned new

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new things. I learned new things just

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because they were new and different and

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they would they had different ideas

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about the world and that's the best part

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of it.

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And what do you foresee as like some

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things that have stayed the same from

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back then versus today

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in today's world? I I don't know. uh you

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must be keeping up with the rapid pace

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of AI and the use of it and people seem

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to be uh very concerned that their

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intelligence is being taken over by

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artificial means and uh it's concerning

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to them certain people anyways and some

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are not but uh what do you think has

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changed since that those times

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>> you that's been going on throughout

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history I I mean, there was a time when

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the railroads

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caused great excitement and hysteria and

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terror. Electricity. Oh my gosh,

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electricity. You know, there was a time

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when people were terrified of

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electricity, telephones, everything.

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We'll see many new inventures, new I

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mean, I can remember when computers came

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along. We were all wildly excited. If

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you had a if you had a company and you

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had computer in your name and you were

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on Wall Street, your stock went up. Just

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because it said computer, nobody quite

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knew what you did

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matter because your stock was going

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straight up. So, it's always something

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new, something exciting. Right now, it's

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AI. And we're excited about AI. But I

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repeat, this has all happened before.

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And I hope we live long enough to see

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many many many more new exciting things.

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>> That is such just a refreshing

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perspective. Um I think I I remember

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during the 998 times when the web first

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came out and uh you're right any company

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that had the word web or search or

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anything web related was just uh like

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that. and it seems like it's the same

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thing today. But for some of the younger

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people who don't have that perspective,

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uh it may be um new to them. And um

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I guess you're you're absolutely right

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about that and maybe you can uh give a

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little bit more perspective about the

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trends that you see today like uh

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investment wise uh how do you feel about

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the space and uh where do you see some

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of the the shifts happening?

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>> Well, and I've been investing for a long

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time. I mean I have to pay my bills.

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Well, once I learned about investing, I

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thought it was very wonderful. It was

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great. I didn't know anything about them

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when I went to Wall Street the first

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time, but it very exciting for me. And

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it still is, you know, it's a place

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where you have to know about the world.

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And I came to realize that that was my

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passion in life is knowing what was

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happening in the world. So, for me, it's

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been a wonderful place. And they pay me.

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Oh my gosh, they pay me. you know, if

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you do it well, they pay you a lot of

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money. So, for me, investing is a

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wonderful way to spend your time. Um,

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when I was a student, I thought I was

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going to go to law school and medical

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school and everything. I was a confused

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kid like many other people. I discovered

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Wall Street and thank goodness I

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discovered it because otherwise I might

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be a lawyer in Atlanta or something

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right now. [laughter]

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>> Yeah, we wouldn't want that, would we?

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And you would certainly wouldn't.

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>> No. No.

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>> And you wouldn't have made that

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one-of-a-kind Mercedes. Uh I took a look

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at it and um Did you choose the color

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yellow or was that uh your partner?

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>> No, no. I I they got it yellow and I

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specifically got yellow because part of

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the plan was to drive around the world

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and I knew that there were very few

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yellow cars in the world and I knew that

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they would be distinctive and it might

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save my life, you know, because I knew

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that wherever I was, people would say,

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"Look at that yellow car." And that

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means, you know, if the bandits were

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coming, everybody would be watching. So,

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I hoped it would save my life. I'm still

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alive, so maybe it did.

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And I mean, what were you thinking on

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that day in n I I believe it was 1999

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that you you took off um you guys and in

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in that car with the little trailer on

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the back. How what was the feeling like

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that day? And um I guess did you think

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that you would have made it all the way

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through 116 countries and uh I countless

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number of miles.

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>> Well, you know I am lucky to be alive.

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You know many people set off to drive I

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mean many people set off to drive to the

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cap and they get killed. So I am lucky

269
00:12:13,279 --> 00:12:20,399
to be alive. I'm delighted to be alive.

270
00:12:16,560 --> 00:12:22,399
I I when I set off, I was excited

271
00:12:20,399 --> 00:12:26,560
because I was hoping for a great

272
00:12:22,399 --> 00:12:30,079
adventure. I knew I might not make it.

273
00:12:26,560 --> 00:12:32,880
I'm happy I made it, but I was

274
00:12:30,079 --> 00:12:36,240
apprehensive, but I was also very

275
00:12:32,880 --> 00:12:37,839
excited because I knew that if I did it,

276
00:12:36,240 --> 00:12:42,639
it was going to be an exciting

277
00:12:37,839 --> 00:12:44,480
adventure. And I hoped I had survived.

278
00:12:42,639 --> 00:12:47,200
>> So, how did it start? It went from

279
00:12:44,480 --> 00:12:49,279
Iceland and then you went across Russia.

280
00:12:47,200 --> 00:12:54,240
Was that the start?

281
00:12:49,279 --> 00:12:57,760
>> Well, I Yeah, I drove from Iceland to

282
00:12:54,240 --> 00:13:01,440
Ireland to England to

283
00:12:57,760 --> 00:13:04,000
Russia to through China and then I and

284
00:13:01,440 --> 00:13:07,760
Japan and then I came back through

285
00:13:04,000 --> 00:13:12,320
Siberia through Russia went back to

286
00:13:07,760 --> 00:13:15,680
Ireland. So I crossed Eurasia twice and

287
00:13:12,320 --> 00:13:19,839
then I went down through Africa and we

288
00:13:15,680 --> 00:13:23,519
did all around Africa. I think 50

289
00:13:19,839 --> 00:13:26,639
countries in a 35 countries in Africa

290
00:13:23,519 --> 00:13:29,920
then Australia, New Zealand down to the

291
00:13:26,639 --> 00:13:32,720
tip of South America and up to Alaska.

292
00:13:29,920 --> 00:13:35,920
And many of us hoay had a lot of fun and

293
00:13:32,720 --> 00:13:38,800
I'm delighted to be alive. I'm lucky to

294
00:13:35,920 --> 00:13:40,160
be alive. How many tires did you change

295
00:13:38,800 --> 00:13:43,279
on that trip?

296
00:13:40,160 --> 00:13:45,279
>> More than once. We did have flat tires.

297
00:13:43,279 --> 00:13:48,480
>> Okay.

298
00:13:45,279 --> 00:13:52,079
Yeah, it uh it's it's a it's a trip of a

299
00:13:48,480 --> 00:13:53,760
lifetime, I'd say. And um

300
00:13:52,079 --> 00:13:56,160
where did you stay? What was the one of

301
00:13:53,760 --> 00:13:57,760
the most fun places that you stayed? And

302
00:13:56,160 --> 00:13:59,279
what were some of the places that you

303
00:13:57,760 --> 00:14:02,160
said, "Yeah, you know what? I'm going to

304
00:13:59,279 --> 00:14:05,199
try and speed through this place."

305
00:14:02,160 --> 00:14:07,839
Well, I mean, we we all I always wanted

306
00:14:05,199 --> 00:14:11,839
to stay in a hotel. I mean, sometimes

307
00:14:07,839 --> 00:14:14,560
the best hotel in town was a a shed. It

308
00:14:11,839 --> 00:14:17,040
was not always very nice, but you know,

309
00:14:14,560 --> 00:14:20,959
we sometimes had to camp in the Sahara

310
00:14:17,040 --> 00:14:25,360
Desert. There no hotels, so we slept in

311
00:14:20,959 --> 00:14:28,160
the in the sand. You know, the stars at

312
00:14:25,360 --> 00:14:30,560
night in the Sahara Desert are glorious.

313
00:14:28,160 --> 00:14:33,440
If you're ever there, be sure to spend

314
00:14:30,560 --> 00:14:36,160
the night. that started at night and it

315
00:14:33,440 --> 00:14:39,279
saw like nothing else. But everything I

316
00:14:36,160 --> 00:14:41,839
mean you know no matter where I was it

317
00:14:39,279 --> 00:14:44,480
didn't matter whether it was Tokyo or

318
00:14:41,839 --> 00:14:47,199
London everything was exciting and new

319
00:14:44,480 --> 00:14:49,600
and different for me and I was from a

320
00:14:47,199 --> 00:14:52,880
small town in Alabama so everything was

321
00:14:49,600 --> 00:14:56,079
exciting to me.

322
00:14:52,880 --> 00:14:58,880
Yeah, it uh that that must have been

323
00:14:56,079 --> 00:15:02,560
opened up your eyes to the world and you

324
00:14:58,880 --> 00:15:06,480
wrote books after that and some even

325
00:15:02,560 --> 00:15:09,680
before that. Um the book my gift to my

326
00:15:06,480 --> 00:15:12,399
children I actually read uh as a young

327
00:15:09,680 --> 00:15:14,720
man and I actually gave that to my

328
00:15:12,399 --> 00:15:17,440
daughter when she turned just around

329
00:15:14,720 --> 00:15:20,480
nine or 10. Um

330
00:15:17,440 --> 00:15:24,000
>> talk about talk about that book. what

331
00:15:20,480 --> 00:15:27,920
inspired you to write it and also what

332
00:15:24,000 --> 00:15:32,075
you would change for today's world?

333
00:15:27,920 --> 00:15:32,639
>> Well, I I wrote the book because

334
00:15:32,075 --> 00:15:35,680
[sighs]

335
00:15:32,639 --> 00:15:38,639
I had never been a father before and I

336
00:15:35,680 --> 00:15:41,839
knew that I wanted there were things I

337
00:15:38,639 --> 00:15:45,680
wanted to try to tell my children, teach

338
00:15:41,839 --> 00:15:48,800
my children. Uh the problem is no matter

339
00:15:45,680 --> 00:15:51,839
what you teach your children, you know,

340
00:15:48,800 --> 00:15:54,240
you know, if every parent alive knows

341
00:15:51,839 --> 00:15:56,320
that their children are very smart kids,

342
00:15:54,240 --> 00:15:58,959
they think they're very smart, but

343
00:15:56,320 --> 00:16:03,519
anything you can teach them is good

344
00:15:58,959 --> 00:16:05,680
experience, especially as experience. So

345
00:16:03,519 --> 00:16:08,720
I had the idea that I was going to try

346
00:16:05,680 --> 00:16:10,560
to teach my kids as much about life as I

347
00:16:08,720 --> 00:16:13,839
could.

348
00:16:10,560 --> 00:16:15,759
But as I have learned, you can never

349
00:16:13,839 --> 00:16:18,639
teach your children as much about life

350
00:16:15,759 --> 00:16:21,279
as you. They need to know because they

351
00:16:18,639 --> 00:16:24,720
have to learn it on their own. They have

352
00:16:21,279 --> 00:16:27,360
to make their own mistakes.

353
00:16:24,720 --> 00:16:29,680
>> Yep. It's it's it's it's something

354
00:16:27,360 --> 00:16:32,399
coming from the dad. You may have you

355
00:16:29,680 --> 00:16:34,160
may have more success uh for your

356
00:16:32,399 --> 00:16:36,560
children reading that book if you wrote

357
00:16:34,160 --> 00:16:38,231
it under a pseudonym and told them it

358
00:16:36,560 --> 00:16:39,199
was from somebody else. Right.

359
00:16:38,231 --> 00:16:42,079
[laughter]

360
00:16:39,199 --> 00:16:44,079
Well, I will tell you, Johan, when I was

361
00:16:42,079 --> 00:16:46,639
18 or whatever, I was the smartest

362
00:16:44,079 --> 00:16:48,959
18year-old in the world and everything I

363
00:16:46,639 --> 00:16:50,959
thought was wrong. I was totally wrong

364
00:16:48,959 --> 00:16:53,440
about everything, about myself, about

365
00:16:50,959 --> 00:16:56,399
the world, about life.

366
00:16:53,440 --> 00:16:59,680
I learned that the hard way, the easy

367
00:16:56,399 --> 00:17:02,079
way, the best way by experience and

368
00:16:59,680 --> 00:17:05,199
life.

369
00:17:02,079 --> 00:17:08,799
>> Yep. We certainly do have to make our

370
00:17:05,199 --> 00:17:13,120
own mistakes and live life our own way.

371
00:17:08,799 --> 00:17:17,760
Um it's uh it's not something that we

372
00:17:13,120 --> 00:17:20,480
can be told but also

373
00:17:17,760 --> 00:17:23,679
if we want to there's certain people who

374
00:17:20,480 --> 00:17:28,240
can learn by reading a book or uh seeing

375
00:17:23,679 --> 00:17:31,679
other people uh fail. But uh for me

376
00:17:28,240 --> 00:17:33,360
myself, I'm a I'm a doer and I learn by

377
00:17:31,679 --> 00:17:34,640
experience. I don't know how it is for

378
00:17:33,360 --> 00:17:37,919
you.

379
00:17:34,640 --> 00:17:41,679
>> Well, I I'm not the first one to know

380
00:17:37,919 --> 00:17:44,320
that experience is the best teacher. I

381
00:17:41,679 --> 00:17:47,120
mean, you know, whether you're a fool or

382
00:17:44,320 --> 00:17:50,320
a genius, experience is the best teacher

383
00:17:47,120 --> 00:17:52,080
that anybody can have. And that's how

384
00:17:50,320 --> 00:17:54,080
you learn

385
00:17:52,080 --> 00:17:57,679
about people, about life, about

386
00:17:54,080 --> 00:18:00,400
everything. success, failure, it all was

387
00:17:57,679 --> 00:18:03,679
there.

388
00:18:00,400 --> 00:18:06,960
>> Do you still feel and I know that after

389
00:18:03,679 --> 00:18:10,960
you traveled the world uh you decided to

390
00:18:06,960 --> 00:18:12,640
move to Asia, move to Singapore. Um do

391
00:18:10,960 --> 00:18:16,000
you feel

392
00:18:12,640 --> 00:18:18,799
that the eastern

393
00:18:16,000 --> 00:18:22,160
countries in the world they have a

394
00:18:18,799 --> 00:18:25,440
different mindset when it comes to hard

395
00:18:22,160 --> 00:18:26,960
work and discipline? Uh I think that was

396
00:18:25,440 --> 00:18:30,799
something that we talked about and you

397
00:18:26,960 --> 00:18:33,440
talked about back in uh in 2009.

398
00:18:30,799 --> 00:18:37,600
Do you feel it's the same today? Do you

399
00:18:33,440 --> 00:18:41,520
feel uh the society is just as creative

400
00:18:37,600 --> 00:18:42,400
as American society? Um yeah, comment on

401
00:18:41,520 --> 00:18:45,919
those things.

402
00:18:42,400 --> 00:18:50,080
>> Well, Johan, history is pretty clear. If

403
00:18:45,919 --> 00:18:54,240
you're in country X in 1500 or country Y

404
00:18:50,080 --> 00:18:56,880
in 1900, they're different countries,

405
00:18:54,240 --> 00:18:59,440
but the people learn.

406
00:18:56,880 --> 00:19:02,240
Ambitious people and smart people learn.

407
00:18:59,440 --> 00:19:04,080
They have to work hard. They have to do

408
00:19:02,240 --> 00:19:06,799
the right thing if they're going to be

409
00:19:04,080 --> 00:19:09,200
successful. Everybody learns that. It

410
00:19:06,799 --> 00:19:11,919
doesn't matter where you are. It doesn't

411
00:19:09,200 --> 00:19:15,440
matter how old you are, but everybody

412
00:19:11,919 --> 00:19:17,919
eventually learns that. And that was the

413
00:19:15,440 --> 00:19:20,160
that's what distinguishes

414
00:19:17,919 --> 00:19:23,760
successful people from unsuccessful

415
00:19:20,160 --> 00:19:26,240
people. I wish it were easy. I wish all

416
00:19:23,760 --> 00:19:28,799
I had to do was read a book. I wish all

417
00:19:26,240 --> 00:19:31,520
I had to do was go to school. Doesn't

418
00:19:28,799 --> 00:19:33,679
work that way.

419
00:19:31,520 --> 00:19:36,720
>> Yeah. I guess there's a certain point in

420
00:19:33,679 --> 00:19:38,480
a person's life where they they realize

421
00:19:36,720 --> 00:19:42,320
that

422
00:19:38,480 --> 00:19:46,240
they're they're they are their own best

423
00:19:42,320 --> 00:19:49,679
chance at being successful.

424
00:19:46,240 --> 00:19:51,520
Yes, many people never quite get that,

425
00:19:49,679 --> 00:19:53,679
but

426
00:19:51,520 --> 00:19:56,080
the pretty successful people of course

427
00:19:53,679 --> 00:19:58,320
figure that out. Doesn't matter whether

428
00:19:56,080 --> 00:20:00,240
they're whatever it is, if they're an

429
00:19:58,320 --> 00:20:02,960
entrepreneur or an academic, whatever

430
00:20:00,240 --> 00:20:05,840
they are, they realize they have to do

431
00:20:02,960 --> 00:20:08,559
it themselves and they get on with it. I

432
00:20:05,840 --> 00:20:12,640
wish it were easy. I wish all I had to

433
00:20:08,559 --> 00:20:14,640
do was read a book or take a course.

434
00:20:12,640 --> 00:20:17,360
My experience is it doesn't work that

435
00:20:14,640 --> 00:20:20,320
way.

436
00:20:17,360 --> 00:20:23,520
having traveled to all those countries

437
00:20:20,320 --> 00:20:25,039
and seeing and I don't know if you keep

438
00:20:23,520 --> 00:20:27,200
up to date with things. You probably

439
00:20:25,039 --> 00:20:29,440
have better things to do with your time.

440
00:20:27,200 --> 00:20:33,919
Uh you may not but you and you may be

441
00:20:29,440 --> 00:20:36,240
totally plugged in. Um how have the

442
00:20:33,919 --> 00:20:38,640
demographics changed and if you were to

443
00:20:36,240 --> 00:20:41,039
do that trip

444
00:20:38,640 --> 00:20:43,600
um what would you think it would teach

445
00:20:41,039 --> 00:20:46,080
you and where would you go?

446
00:20:43,600 --> 00:20:48,720
>> Where would I go? Go around the world.

447
00:20:46,080 --> 00:20:50,320
Doesn't matter where I would go, Johan.

448
00:20:48,720 --> 00:20:54,400
You're going to learn something. Whether

449
00:20:50,320 --> 00:20:55,919
you drive through Siberia or Africa or

450
00:20:54,400 --> 00:20:57,919
Germany, you're going to learn

451
00:20:55,919 --> 00:21:02,559
something. You know, it doesn't matter

452
00:20:57,919 --> 00:21:04,240
what you do, where you are if you if you

453
00:21:02,559 --> 00:21:06,240
do it.

454
00:21:04,240 --> 00:21:08,960
Beauty of traveling on around the world

455
00:21:06,240 --> 00:21:11,679
is you're close to the ground and so you

456
00:21:08,960 --> 00:21:14,000
have to have lots of experiences and

457
00:21:11,679 --> 00:21:16,640
that's going to teach you a lot. Maybe

458
00:21:14,000 --> 00:21:17,919
you've never drank beer before, but if

459
00:21:16,640 --> 00:21:21,200
you're in Germany, you're going to learn

460
00:21:17,919 --> 00:21:23,360
to drink beer and you're going to meet a

461
00:21:21,200 --> 00:21:26,080
lot of Germans and you're going to learn

462
00:21:23,360 --> 00:21:27,840
something. But that doesn't it could

463
00:21:26,080 --> 00:21:29,679
that could be China. I could say that

464
00:21:27,840 --> 00:21:31,520
about Brazil. I could say that about

465
00:21:29,679 --> 00:21:34,640
many places.

466
00:21:31,520 --> 00:21:38,159
The experience of meeting people, being

467
00:21:34,640 --> 00:21:41,200
with people, learning how they think,

468
00:21:38,159 --> 00:21:43,360
and you're going to realize, oh my gosh,

469
00:21:41,200 --> 00:21:45,039
that's very different.

470
00:21:43,360 --> 00:21:48,400
For them, it's not different. It's just

471
00:21:45,039 --> 00:21:51,200
cuz you you came from a small town

472
00:21:48,400 --> 00:21:55,120
nowhere. So, you never saw a Chinese

473
00:21:51,200 --> 00:21:58,000
before. So, all of this is educational,

474
00:21:55,120 --> 00:22:02,520
eyeopening, and but it'll certainly

475
00:21:58,000 --> 00:22:02,520
teach you, taught me. Anyway,

476
00:22:02,960 --> 00:22:10,159
>> there's a news story going around now.

477
00:22:06,480 --> 00:22:13,200
Uh I'm based in Canada and you're from

478
00:22:10,159 --> 00:22:16,960
Alabama and the news headline the other

479
00:22:13,200 --> 00:22:20,480
day on one of the papers was that uh

480
00:22:16,960 --> 00:22:23,280
Canada has realized that it's just as

481
00:22:20,480 --> 00:22:28,080
just as poor or even worse off than

482
00:22:23,280 --> 00:22:30,720
Alabama. I think that that comes from a

483
00:22:28,080 --> 00:22:35,280
data point that showed that the GDP per

484
00:22:30,720 --> 00:22:37,360
capita is on par with uh Alabama, the

485
00:22:35,280 --> 00:22:38,640
entire country of Canada. What do you

486
00:22:37,360 --> 00:22:42,720
think about that? What does that say

487
00:22:38,640 --> 00:22:44,380
about us here?

488
00:22:42,720 --> 00:22:45,039
>> Well,

489
00:22:44,380 --> 00:22:47,039
[sighs and gasps]

490
00:22:45,039 --> 00:22:49,840
I've been to Canada often. I've driven

491
00:22:47,039 --> 00:22:52,000
across Canada a few times. I've always

492
00:22:49,840 --> 00:22:54,720
been impressed.

493
00:22:52,000 --> 00:22:58,080
I've always had fun in Canada. There

494
00:22:54,720 --> 00:23:00,799
always new experiences, new people. I

495
00:22:58,080 --> 00:23:04,559
don't know if it's the same GVP as

496
00:23:00,799 --> 00:23:08,000
Alabama or Germany. Doesn't matter. But

497
00:23:04,559 --> 00:23:11,679
Canada is an extremely interesting. I

498
00:23:08,000 --> 00:23:13,919
mean, you're lucky in some ways to be

499
00:23:11,679 --> 00:23:16,080
from Canada because it's going to teach

500
00:23:13,919 --> 00:23:18,720
you a lot about the world. Going to

501
00:23:16,080 --> 00:23:20,000
teach you a lot about North America.

502
00:23:18,720 --> 00:23:22,559
going to teach you a lot about the

503
00:23:20,000 --> 00:23:24,080
United States if you're from Canada

504
00:23:22,559 --> 00:23:27,440
because you can see it through different

505
00:23:24,080 --> 00:23:30,000
eyes. No, Canada has a great history,

506
00:23:27,440 --> 00:23:32,799
great story, and I presume a great

507
00:23:30,000 --> 00:23:34,799
future.

508
00:23:32,799 --> 00:23:36,880
Nice. That's a that's a that's a

509
00:23:34,799 --> 00:23:40,559
wonderful perspective. I I I really like

510
00:23:36,880 --> 00:23:42,000
that a lot. Um,

511
00:23:40,559 --> 00:23:43,919
what do you see as some of the

512
00:23:42,000 --> 00:23:49,039
opportunities

513
00:23:43,919 --> 00:23:52,159
today for young people to capitalize on

514
00:23:49,039 --> 00:23:55,440
in general?

515
00:23:52,159 --> 00:23:58,400
>> The main opportunity for everybody is

516
00:23:55,440 --> 00:24:00,400
what they love. I mean, I can sit here

517
00:23:58,400 --> 00:24:02,880
and tell you, "Oh my gosh, you should be

518
00:24:00,400 --> 00:24:06,880
a baseball player." But if you don't

519
00:24:02,880 --> 00:24:09,440
like baseball, don't don't don't listen

520
00:24:06,880 --> 00:24:11,919
to me or anybody else. The most

521
00:24:09,440 --> 00:24:15,039
important thing to learn is what you

522
00:24:11,919 --> 00:24:18,080
love. And it's hard sometime to figure

523
00:24:15,039 --> 00:24:20,159
out what you love the most. But young

524
00:24:18,080 --> 00:24:23,279
people should figure out what they love

525
00:24:20,159 --> 00:24:26,159
the most. And they should pursue that.

526
00:24:23,279 --> 00:24:28,720
And it doesn't matter what it is. If you

527
00:24:26,159 --> 00:24:30,320
want to be a farmer, be a farmer. I

528
00:24:28,720 --> 00:24:33,200
mean, if that's what you love, you're

529
00:24:30,320 --> 00:24:36,559
going to be successful and excited and

530
00:24:33,200 --> 00:24:38,880
have a good life. If I tell you to be a

531
00:24:36,559 --> 00:24:43,760
lawyer and you really want to be a

532
00:24:38,880 --> 00:24:46,080
farmer, please be a farmer cuz that will

533
00:24:43,760 --> 00:24:48,320
be exact. And even if you're not rich

534
00:24:46,080 --> 00:24:50,480
and famous, doesn't matter because

535
00:24:48,320 --> 00:24:53,360
you'll be happy. Doesn't matter if

536
00:24:50,480 --> 00:24:56,640
you're rich or famous, you'll be happy.

537
00:24:53,360 --> 00:24:58,960
And that's the most important.

538
00:24:56,640 --> 00:25:01,760
>> I believe I heard a world leader few

539
00:24:58,960 --> 00:25:04,480
weeks ago say something similar.

540
00:25:01,760 --> 00:25:05,919
More people need to find their vocation.

541
00:25:04,480 --> 00:25:08,960
Does that resonate with the same

542
00:25:05,919 --> 00:25:12,000
message? Like a vocation is something

543
00:25:08,960 --> 00:25:16,480
that you love. I believe um I looked it

544
00:25:12,000 --> 00:25:18,640
up and it it sounds like the same thing.

545
00:25:16,480 --> 00:25:21,360
Well, I don't know who you heard, but

546
00:25:18,640 --> 00:25:23,600
I'm telling you the most important thing

547
00:25:21,360 --> 00:25:26,720
that anybody can do is to figure out

548
00:25:23,600 --> 00:25:29,520
what they love and pursue it. It does

549
00:25:26,720 --> 00:25:31,360
not matter what it is. If your parents

550
00:25:29,520 --> 00:25:34,400
say, "Oh my god, I don't want you to be

551
00:25:31,360 --> 00:25:37,279
a gardener, but you love gardening."

552
00:25:34,400 --> 00:25:38,960
Please be a gardener. Be a gardener.

553
00:25:37,279 --> 00:25:41,760
You'll be the most successful gardener

554
00:25:38,960 --> 00:25:43,279
in town and happy even if you're not

555
00:25:41,760 --> 00:25:45,600
successful.

556
00:25:43,279 --> 00:25:48,480
The most important thing, young, and I

557
00:25:45,600 --> 00:25:50,400
want to say it over and over, the most

558
00:25:48,480 --> 00:25:54,080
important thing is to figure out what

559
00:25:50,400 --> 00:25:56,400
you really love. And please pursue that.

560
00:25:54,080 --> 00:26:00,000
Don't listen to me or other people.

561
00:25:56,400 --> 00:26:02,960
Pursue what you really love.

562
00:26:00,000 --> 00:26:05,760
Some people grow up a little confused.

563
00:26:02,960 --> 00:26:08,480
Some people grow up a little misguided.

564
00:26:05,760 --> 00:26:11,200
How does one what are some strategies to

565
00:26:08,480 --> 00:26:15,760
figure out what you love from

566
00:26:11,200 --> 00:26:18,568
from early on? Um, I think you know what

567
00:26:15,760 --> 00:26:19,360
I mean here, but also

568
00:26:18,568 --> 00:26:21,440
[clears throat]

569
00:26:19,360 --> 00:26:23,039
what do you feel about maybe the

570
00:26:21,440 --> 00:26:25,600
experience of going to school would help

571
00:26:23,039 --> 00:26:27,919
with that.

572
00:26:25,600 --> 00:26:30,799
>> Well, I wish I could tell you how to

573
00:26:27,919 --> 00:26:33,039
figure out what you love. I found it by

574
00:26:30,799 --> 00:26:34,559
accident. You know, I thought I was

575
00:26:33,039 --> 00:26:37,760
going to go to law school and be a

576
00:26:34,559 --> 00:26:39,919
lawyer. Thank goodness I stumbled onto

577
00:26:37,760 --> 00:26:42,400
Wall Street, but it was purely an

578
00:26:39,919 --> 00:26:44,960
accident. I got a summer job there

579
00:26:42,400 --> 00:26:46,720
because I happened to like the guy and

580
00:26:44,960 --> 00:26:48,960
fell in love with Wall Street because it

581
00:26:46,720 --> 00:26:51,679
was a place they would pay me to know

582
00:26:48,960 --> 00:26:53,279
what was going on in the world. But I,

583
00:26:51,679 --> 00:26:55,679
like many young people, didn't know

584
00:26:53,279 --> 00:26:58,880
enough about myself or the world to know

585
00:26:55,679 --> 00:27:01,600
what to do. So I I don't know how to

586
00:26:58,880 --> 00:27:04,320
tell people to figure it out or to learn

587
00:27:01,600 --> 00:27:06,720
it, but the most important thing to

588
00:27:04,320 --> 00:27:09,919
anybody is to figure out what you love

589
00:27:06,720 --> 00:27:12,480
the most. And please pursue it. Pursue

590
00:27:09,919 --> 00:27:14,559
it. Pursue it. And if you want to be a

591
00:27:12,480 --> 00:27:16,880
gardener, don't listen to people tell

592
00:27:14,559 --> 00:27:19,200
you not to be a gardener. For goodness

593
00:27:16,880 --> 00:27:23,120
sakes, be a gardener. You're going to be

594
00:27:19,200 --> 00:27:23,679
successful and you're going to be happy.

595
00:27:23,120 --> 00:27:25,679
>> Yeah.

596
00:27:23,679 --> 00:27:29,600
>> And which

597
00:27:25,679 --> 00:27:32,400
Yeah. There you go. What's the um So,

598
00:27:29,600 --> 00:27:34,880
speaking about doing things you love, uh

599
00:27:32,400 --> 00:27:37,200
I observe my daughter sometimes and and

600
00:27:34,880 --> 00:27:38,720
what she spends her time on and I tell

601
00:27:37,200 --> 00:27:40,720
her to do more of it because she's

602
00:27:38,720 --> 00:27:44,720
clearly,

603
00:27:40,720 --> 00:27:49,200
I guess, infatuated with the the process

604
00:27:44,720 --> 00:27:51,760
of building up a large house in Roblox,

605
00:27:49,200 --> 00:27:53,919
a large property, and then demolishing

606
00:27:51,760 --> 00:27:55,760
it and starting it up again and

607
00:27:53,919 --> 00:27:57,279
demolishing it and starting it up again.

608
00:27:55,760 --> 00:28:00,240
So, I'm like I think to myself, I'm

609
00:27:57,279 --> 00:28:04,240
like, "You must love architecture and

610
00:28:00,240 --> 00:28:09,200
designing and uh decorating, and it's

611
00:28:04,240 --> 00:28:11,360
it's totally right down her alley."

612
00:28:09,200 --> 00:28:13,679
>> Well, you and I I don't know your

613
00:28:11,360 --> 00:28:17,440
daughter, but I'm delighted to hear you

614
00:28:13,679 --> 00:28:19,360
are encouraging her to do what she loves

615
00:28:17,440 --> 00:28:20,880
because I do know that's extremely

616
00:28:19,360 --> 00:28:23,360
important.

617
00:28:20,880 --> 00:28:25,360
Many people tell their children, "Oh,

618
00:28:23,360 --> 00:28:28,320
no, no, you should be a lawyer." blah

619
00:28:25,360 --> 00:28:30,799
blah blah. No, if you want to be a

620
00:28:28,320 --> 00:28:32,960
gardener, be a gardener. That's going to

621
00:28:30,799 --> 00:28:36,159
be the best for you and you're going to

622
00:28:32,960 --> 00:28:38,880
be a very successful gardener. So, don't

623
00:28:36,159 --> 00:28:41,919
listen to me. Don't listen to others.

624
00:28:38,880 --> 00:28:44,559
And it's not easy. And many people never

625
00:28:41,919 --> 00:28:47,120
find out or they're afraid to do what

626
00:28:44,559 --> 00:28:49,760
they really love. But that's the best

627
00:28:47,120 --> 00:28:52,080
advice I can give any person old or

628
00:28:49,760 --> 00:28:54,320
young.

629
00:28:52,080 --> 00:28:56,159
>> Sounds good. And what's the what do you

630
00:28:54,320 --> 00:28:59,360
love these days, Jim? Like what's the I

631
00:28:56,159 --> 00:29:02,320
I I could only imagine that uh being a

632
00:28:59,360 --> 00:29:05,440
dad myself and you're a dad that uh we

633
00:29:02,320 --> 00:29:08,000
obviously are in love with just raising

634
00:29:05,440 --> 00:29:09,600
our kids and and making sure that uh

635
00:29:08,000 --> 00:29:14,399
you're there for them when they need it

636
00:29:09,600 --> 00:29:16,399
and guiding them. Uh but like how was

637
00:29:14,399 --> 00:29:18,000
how were how was the process of being a

638
00:29:16,399 --> 00:29:20,480
dad?

639
00:29:18,000 --> 00:29:23,120
>> Well, I would tell you all my life I was

640
00:29:20,480 --> 00:29:26,399
against having children. I felt sorry

641
00:29:23,120 --> 00:29:30,640
for my friends who had children. I had

642
00:29:26,399 --> 00:29:34,559
one I had my first child when I was 60 6

643
00:29:30,640 --> 00:29:36,399
>> and I my second child when I was 65 and

644
00:29:34,559 --> 00:29:39,679
I would say to Johan it's been

645
00:29:36,399 --> 00:29:41,520
astonishing exciting wonderful for me.

646
00:29:39,679 --> 00:29:44,080
You know I want to say it's one of the

647
00:29:41,520 --> 00:29:46,799
best things I ever did. Now, if I'd had

648
00:29:44,080 --> 00:29:48,880
a child when I was 23, it would have

649
00:29:46,799 --> 00:29:52,399
been a mistake for the child and for me

650
00:29:48,880 --> 00:29:54,720
and for the mother and for everybody.

651
00:29:52,399 --> 00:29:56,880
But there came a time I now realized

652
00:29:54,720 --> 00:29:59,520
when I was ready, I had done many

653
00:29:56,880 --> 00:30:02,960
things. So, for me, the most exciting

654
00:29:59,520 --> 00:30:06,480
thing I have done now is to be a father.

655
00:30:02,960 --> 00:30:10,559
And I have two of them. They're great.

656
00:30:06,480 --> 00:30:13,279
>> Wonderful. And uh I guess no better time

657
00:30:10,559 --> 00:30:15,760
to do it. And I'm and and and have that

658
00:30:13,279 --> 00:30:18,480
experience as well. Like you said, some

659
00:30:15,760 --> 00:30:21,200
people have the kids too early and uh

660
00:30:18,480 --> 00:30:23,039
they they don't uh appreciate the the

661
00:30:21,200 --> 00:30:24,559
process and you were probably in a

662
00:30:23,039 --> 00:30:26,320
position where you appreciated the

663
00:30:24,559 --> 00:30:28,240
process a lot more.

664
00:30:26,320 --> 00:30:31,039
>> Well, I don't know if I got it right or

665
00:30:28,240 --> 00:30:34,399
not, but I'm certainly very very pleased

666
00:30:31,039 --> 00:30:36,480
and happy and excited with what I did. I

667
00:30:34,399 --> 00:30:41,120
think I did it at a very good time for

668
00:30:36,480 --> 00:30:44,480
me. So, we'll see. Can ask me 40 years.

669
00:30:41,120 --> 00:30:47,840
>> Yeah. And uh if you if you had to write

670
00:30:44,480 --> 00:30:51,279
that book again, A gift to my children,

671
00:30:47,840 --> 00:30:54,320
would you add any chapters?

672
00:30:51,279 --> 00:30:58,559
>> No. I just The one thing I would

673
00:30:54,320 --> 00:31:01,919
emphasize over and over for everybody is

674
00:30:58,559 --> 00:31:03,840
please figure out a way to find out what

675
00:31:01,919 --> 00:31:07,039
you love the most.

676
00:31:03,840 --> 00:31:09,679
And many people never find it or even if

677
00:31:07,039 --> 00:31:11,520
they find it, they're afraid to do it.

678
00:31:09,679 --> 00:31:14,559
But the most important thing is to

679
00:31:11,520 --> 00:31:17,279
figure out what you love and do it.

680
00:31:14,559 --> 00:31:19,216
Pursue it. Do it. Pursue it. Pursue it.

681
00:31:17,279 --> 00:31:20,159
Pursue it.

682
00:31:19,216 --> 00:31:24,399
[sighs and gasps] It's the most

683
00:31:20,159 --> 00:31:27,520
important advice I can give anybody.

684
00:31:24,399 --> 00:31:29,200
>> Wonderful advice. And uh yeah, you've

685
00:31:27,520 --> 00:31:32,720
you've said it uh quite a number of

686
00:31:29,200 --> 00:31:34,720
times and I and I think that comes from

687
00:31:32,720 --> 00:31:38,240
uh more happy people. It would result in

688
00:31:34,720 --> 00:31:43,039
more happy people, a better world, and

689
00:31:38,240 --> 00:31:45,279
uh just a place that uh is

690
00:31:43,039 --> 00:31:46,799
fun to be around when you have people

691
00:31:45,279 --> 00:31:48,000
that love what they're doing. And I

692
00:31:46,799 --> 00:31:51,200
think that's what what you're getting

693
00:31:48,000 --> 00:31:52,480
at. What excites you these days, Jim?

694
00:31:51,200 --> 00:31:55,120
>> What is what these days?

695
00:31:52,480 --> 00:31:58,720
>> What excites you these days?

696
00:31:55,120 --> 00:32:02,720
my kids more than anything else. But no,

697
00:31:58,720 --> 00:32:05,919
I still am very keen on the world. I

698
00:32:02,720 --> 00:32:09,200
love going new places. I love going old

699
00:32:05,919 --> 00:32:11,919
places. I mean, you know, I'm going to

700
00:32:09,200 --> 00:32:14,320
England again next month. I've been to

701
00:32:11,919 --> 00:32:17,440
England many times, but it's still

702
00:32:14,320 --> 00:32:20,880
exciting and interesting.

703
00:32:17,440 --> 00:32:24,480
Seeing the world is for me the best way

704
00:32:20,880 --> 00:32:26,880
to live. Now, maybe that's cuz I'm from

705
00:32:24,480 --> 00:32:29,679
a small town where my phone number was

706
00:32:26,880 --> 00:32:32,320
five. Maybe that's it, you know. But

707
00:32:29,679 --> 00:32:36,159
what for whatever reason, seeing the

708
00:32:32,320 --> 00:32:39,039
world for me is still the best thrill.

709
00:32:36,159 --> 00:32:41,120
Even if I'd been there before, seeing it

710
00:32:39,039 --> 00:32:43,440
again, whatever [clears throat] it is,

711
00:32:41,120 --> 00:32:46,559
is a thrill.

712
00:32:43,440 --> 00:32:50,240
>> That's amazing, Jim. And uh are you

713
00:32:46,559 --> 00:32:51,679
having any public events uh soon uh that

714
00:32:50,240 --> 00:32:54,399
you want to let us know about? Are you

715
00:32:51,679 --> 00:32:57,200
working on anything publicly?

716
00:32:54,399 --> 00:32:59,600
>> Well, I usually am. I cannot remember

717
00:32:57,200 --> 00:33:01,840
right now. I mean, people still

718
00:32:59,600 --> 00:33:04,559
periodically invite me to speak and I

719
00:33:01,840 --> 00:33:07,519
love doing it. So, I'm sure that thing

720
00:33:04,559 --> 00:33:10,640
is coming up. I'm sure my assistant will

721
00:33:07,519 --> 00:33:13,200
put them on the website. But the answer,

722
00:33:10,640 --> 00:33:16,720
the main answer to your question is I

723
00:33:13,200 --> 00:33:18,559
don't know, Johan. I don't know. But

724
00:33:16,720 --> 00:33:20,159
there's always something to do and I

725
00:33:18,559 --> 00:33:22,720
like doing it.

726
00:33:20,159 --> 00:33:25,440
I like new people and new countries, new

727
00:33:22,720 --> 00:33:29,120
experiences.

728
00:33:25,440 --> 00:33:32,960
>> I it's it's been a great pleasure to

729
00:33:29,120 --> 00:33:36,080
have you on the show today as especially

730
00:33:32,960 --> 00:33:41,039
as my first guest. My whole concept

731
00:33:36,080 --> 00:33:44,559
behind this show is to bring

732
00:33:41,039 --> 00:33:47,120
the conversation between humans

733
00:33:44,559 --> 00:33:48,880
uh back to the forefront. A lot of

734
00:33:47,120 --> 00:33:52,640
people are talking about tech. A lot of

735
00:33:48,880 --> 00:33:55,200
people are talking about AI and I think

736
00:33:52,640 --> 00:33:59,600
like in this world we're just trying to

737
00:33:55,200 --> 00:34:02,799
make sense of the world today and uh I'm

738
00:33:59,600 --> 00:34:06,880
glad we could do it from this point here

739
00:34:02,799 --> 00:34:09,119
and uh I appreciate you coming on.

740
00:34:06,880 --> 00:34:11,760
>> Well, Johan, I hope you're going to help

741
00:34:09,119 --> 00:34:14,720
all of us learn what's happening and

742
00:34:11,760 --> 00:34:17,119
what's going on in the world. We all

743
00:34:14,720 --> 00:34:20,079
need to know about the world. We all

744
00:34:17,119 --> 00:34:22,720
need to know about reality. That's the

745
00:34:20,079 --> 00:34:25,280
most important thing. We can read the

746
00:34:22,720 --> 00:34:27,280
newspaper or watch the TV or something,

747
00:34:25,280 --> 00:34:30,000
but the most important thing is to know

748
00:34:27,280 --> 00:34:31,520
what's really happening and what it

749
00:34:30,000 --> 00:34:33,440
means.

750
00:34:31,520 --> 00:34:36,800
Not just what's happening, but what it

751
00:34:33,440 --> 00:34:40,879
means. And that's the hard part. I hope

752
00:34:36,800 --> 00:34:43,040
you can help educate all of us.

753
00:34:40,879 --> 00:34:46,720
And before we go, do you have any

754
00:34:43,040 --> 00:34:49,280
insights on into where you would keep an

755
00:34:46,720 --> 00:34:51,599
eye out for signals so that maybe some

756
00:34:49,280 --> 00:34:54,399
of my listeners can say, "Hey, you know,

757
00:34:51,599 --> 00:34:57,334
uh, these are some signals."

758
00:34:54,399 --> 00:34:59,520
>> Well, let's listen to Johan's show,

759
00:34:57,334 --> 00:35:01,680
[laughter] you know, see what he's

760
00:34:59,520 --> 00:35:04,400
coming up with.

761
00:35:01,680 --> 00:35:07,599
The best thing is to have new

762
00:35:04,400 --> 00:35:10,720
experiences, meet new people, different

763
00:35:07,599 --> 00:35:13,280
places, whatever it is.

764
00:35:10,720 --> 00:35:15,520
because there's always something

765
00:35:13,280 --> 00:35:18,320
happening in the world. There's always

766
00:35:15,520 --> 00:35:20,640
something we don't know about. And for

767
00:35:18,320 --> 00:35:23,040
me, the best thing is to try to find

768
00:35:20,640 --> 00:35:26,400
those things and figure out what they

769
00:35:23,040 --> 00:35:28,160
are. And I never know what they are.

770
00:35:26,400 --> 00:35:31,440
That's why it's always so interesting

771
00:35:28,160 --> 00:35:34,320
when I can find something new.

772
00:35:31,440 --> 00:35:38,160
>> Awesome. Well, I appreciate your time

773
00:35:34,320 --> 00:35:40,640
today, sir, and I thank you for uh your

774
00:35:38,160 --> 00:35:43,280
candid thoughts on things that if we

775
00:35:40,640 --> 00:35:45,200
really listen to, uh there's a lot of

776
00:35:43,280 --> 00:35:48,240
wisdom in there, and I appreciate you

777
00:35:45,200 --> 00:35:50,720
sharing that with my my audience and uh

778
00:35:48,240 --> 00:35:53,280
kicking off the new show. So, thanks,

779
00:35:50,720 --> 00:35:55,839
Jim. Uh would you mind staying on just

780
00:35:53,280 --> 00:35:57,839
for a minute after and then we could uh

781
00:35:55,839 --> 00:35:59,520
I could let you go.

782
00:35:57,839 --> 00:36:02,320
>> Well, thank you. Thank you. It was my

783
00:35:59,520 --> 00:36:05,800
pleasure. Good luck to you and happy new

784
00:36:02,320 --> 00:36:05,800
year to everybody.

