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you'll go ahead and mention your first name, last name,

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and then the business that you run and or the book.

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Now, my name is Ed Hadrum.

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I spent the best part of my life on Wall Street,

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basically about 60 years,

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and I ended up as a CEO of an investment bank.

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I still am the non-executive chairman

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of a money management company in Boston,

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but my main effort is in communicating ideas.

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And my latest book, The Island of the Four Peas,

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is a fable.

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I've always been fascinated by fables.

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Fables basically have changed the world.

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You could argue that the Bible is a group of fables,

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asebs fables, color-based travels,

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and of course more recent ones like Who, My Cheese,

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or the Celestine Prophecies.

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Fables are a way of communicating ideas

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which are less preachable, more digestible,

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and also I think a fable traps you

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into doing your own thinking.

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And this fable basically is part of my crusade,

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which my crusade is to young people,

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seniors in high school or freshmen in college,

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to really focus on themselves.

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I'm trying to do this through university courses.

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They actually have a couple of now that I've started,

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so that in the freshman year,

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a student basically reads my book and other books

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and says, who am I?

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Where do I wanna go?

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How do I wanna get there?

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Why do I wanna get there?

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And carries that through their four years of college

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or other kinds of technical schools.

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And at the end, graduation gets a diploma

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and has what I call a life design written in pencil,

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so you can erase it and change,

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because the fork's in the road.

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But this fable basically starts with a young man

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arriving on an island,

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and you can tell suddenly that he's about 18 years old.

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He meets a young lady later on in the book,

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this young lady and a man travel these four villages.

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And really, they're the questions that I want young people

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to ask themselves.

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It's a vocabulary for preparing for life.

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I'll stop there because my daughter always says

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that I answer questions too long.

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She's like-

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No, no.

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No.

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No.

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No.

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So how can someone begin applying the principles of the,

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first tell me the four principles of the P.

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The four principles are, find your passions,

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and passions is an overused word,

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but it's your likes, your dislikes, your talents,

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and also your context.

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Are you in Greenwich, Connecticut, or in Kiev, Ukraine?

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You can't put your passions,

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you have to put your passions into a context,

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but passions is what drive you really.

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Passions allow you to get up in the morning

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and leap out of bed, climb two stairs at a time,

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do things that you wouldn't normally do

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if you have a passion for something.

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So try to find your passions,

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and the only way you'll find them is by testing,

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very testing different things.

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And your passions evolve over time,

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I could spend some time on that if you'd like.

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And principles, the second P is the principles,

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find your principles.

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What do you really stand for?

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What are the rules you wanna follow?

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What lines won't you cross as a person?

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And as the earliest possible you can decide that,

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the better off you are.

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I can go into that in my lifetime as well.

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I went to Catholic school for five years as a youngster

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and got many of the principles, which I still carry with me.

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So principles are important.

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Also they change over time.

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Some are kept and some are eliminated.

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For example, on Wall Street,

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I had principle that to live happy was to live hidden.

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Stay out of the press, stay out of off television.

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Don't talk to anybody outside the firm,

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run your firm as the CEO, because it's a big enough job.

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Now, of course, when I'm trying to communicate ideas

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to the public, I have to abandon that principle.

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And I have a second principle of, you know,

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communicating ideas.

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The third P is partners.

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And I found that I was only as good

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as the people I surround myself with all my life.

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Most important partners, P1.

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P1 is someone who can share your life with you,

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who will support you.

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And of course, that in my case is Barbara.

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We've been married for 59 years

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and without her I wouldn't be here today for sure.

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But you have all kinds of partners.

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Partners basically, I found that,

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I found partners to do things I couldn't do.

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Very important, like technology,

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technic, if you would get us on this webcast.

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So find partners who can do things you can't do.

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Find partners who can do things better than you can do them.

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And what you're seeing in my case,

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find partners to do things that you'd really do well,

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but you don't wanna do.

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If you find those three kinds of partners, basically,

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you end up doing things you do well, that you wanna do.

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And that's the golden thing.

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The fourth P is a very important one, is it's plans.

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And find your plans.

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You should write down all of these things,

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because writing is the only really

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definite form of communication.

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Thinking is very fuzzy, talking's pretty fuzzy,

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you forget what you said.

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But when you write things down and look at them.

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And in writing things down,

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look at the world you're going to exist in.

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If you're 20, 18, 19, 20 years old,

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what's gonna happen in the next 20, 30, 40 years?

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What wave can you find?

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What theme will take you in the right direction?

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If you look at successful people,

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personal in terms of happiness,

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they always find a way that they can ride.

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In my case, I spent 20 years on Wall Street

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under enormous upward pressure on stock market.

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I took over the CEO's job in 1983,

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and in the next 20 years, we grew it 20 times.

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But the stock market was up 10 times.

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Had the wind in my back.

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And you can go through all kinds of

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non-profit and profit operations,

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you'll find out you should really study

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what's going to happen in the world.

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And in my book, I go through that process.

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And then there's a fifth very subtle P,

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not mentioned in the book, called purpose.

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When you get down on all these four Ps,

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you end up with purpose.

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And in the book, it also goes through

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what I call the four realms of life.

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It's self, family, work, and community.

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Community is my work for giving back.

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And what you do with these four realms,

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you put the four Ps into each realm.

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In itself, you find your passion,

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your principles, your partners, your plans.

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In your family, you do the same thing.

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In your work, you do the same thing.

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And of course, in community and giving back,

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you do the same thing.

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Now that gives you a matrix.

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So what I'm trying to create is basically a vocabulary,

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Srivanka, for your inner voice.

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See, there's only two constants in the world.

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It's not death and taxes, because death only happens once

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and taxes only start when you're in your 20s,

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I guess, if ever.

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And what's really, two constants are your inner voice,

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it's always there, childhood to death, and change.

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And what I'm trying to give people is a vocabulary.

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Simple vocabulary for handling change.

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That's a long answer, again, to a short question.

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So I've violated it for twice.

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No, no, I love it.

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I love it.

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So starting with the first P, which you stated was passion.

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When we think of passion, how can someone identify

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and prioritize their passion in life?

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Because it's easy to say it,

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but how does someone identify that and prioritize it?

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It's testing, basically it's testing, and they do change.

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Let me just, the only thing you have is your own experience.

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In high school, your passions start to come.

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Some people, Tiger Woods got his passions at three years old,

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and some of the people, you're not until 80

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until you catch them,

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but most people end up with their passions.

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Srivanka, you can probably remember this.

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In high school, somewhere 15, 18 years old,

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I ended up with, my passions were baseball, basketball,

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math, science, and girls.

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That was my passion at the time.

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When I got to college, those morphed,

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baseball and basketball lasted through my freshman year,

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and I found I wasn't gonna be a professional athlete,

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so I let those go and moved into extracurricular activities.

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The math and science started out in engineering.

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We tested physics about it, that wasn't for me.

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Got back in engineering, but that's what didn't happen.

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And these extracurricular activities ended up,

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I found some of my passions that I didn't know about.

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For example, in my junior year,

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we decided to start a humor magazine,

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and this was against the principles of the president,

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the provost, the librarian, just about everybody.

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But I put 30 people together,

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and we created a humor magazine like this,

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the lampoon at Harvard University at the time,

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because I felt that Rochester, especially engineers,

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it was a place where fun went to die

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because they were really serious.

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I mean, we flunked out half the engineers almost every year,

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and it was painful, but with a humor magazine,

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a little humor wouldn't hurt anybody.

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Well, I found that putting people together

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was one of my passions.

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And then inside that passion,

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I found something, and I found this out later on in life,

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I really got a kick out of helping people

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do better than they thought they could.

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And that was one of my successful passions

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in my business career.

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So that was my passions.

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And I think everybody's gotta sort of study their passions.

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And I had a passion for physics in my freshman year,

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so I took an advanced physics course,

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and sure enough, it didn't work.

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I looked at the people, they were smarter than I was,

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they worked harder than I was,

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they weren't my people.

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So I shifted back into engineering,

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but that was a passion I thought I had.

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And one of the problems with passions

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is that you put words on them,

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you've gotta find out what those words mean.

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What is a physicist?

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What does he or she do in the morning?

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So that's the kind of thing that I expect to be able to do.

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I had a violent passion when I went to business school

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for international business.

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I loved getting on a plane,

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I loved going to a foreign country.

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I had learned French and Spanish.

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I really wanted to be an international businessman,

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so I took a job in Belgium, 1963,

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between my two years to business school.

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I tested it out, turned out I had a good time,

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but it was a bad place to be.

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All the companies in Europe were,

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you had to learn Flemish and French,

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you had to speak very well.

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Most of the companies in Europe

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were basically family companies,

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00:09:53,560 --> 00:09:55,200
and you really couldn't get ahead.

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And so then the second summer, I went to Central America,

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and I learned Spanish,

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and I worked with companies down there.

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They were too small,

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it was very corrupt and very difficult.

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So I found out that I was very too early

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being an international businessman,

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so I tested that passion,

264
00:10:09,840 --> 00:10:11,000
and I kept it the rest of my life,

265
00:10:11,000 --> 00:10:13,880
because 20 years later, when I was running my own company,

266
00:10:13,880 --> 00:10:15,640
we did expand internationally.

267
00:10:15,640 --> 00:10:18,320
But I had to delay that passion for nearly 20 years,

268
00:10:18,320 --> 00:10:19,520
because it was too early.

269
00:10:19,520 --> 00:10:20,640
And so that's why I find people

270
00:10:20,640 --> 00:10:22,800
should be testing their passions,

271
00:10:22,800 --> 00:10:23,840
and trying them out,

272
00:10:23,840 --> 00:10:25,280
and some people will find them,

273
00:10:25,280 --> 00:10:27,120
like Tiger Woods found his passion,

274
00:10:27,120 --> 00:10:28,840
spent his whole life playing golf.

275
00:10:28,840 --> 00:10:32,000
Other people find passions at different points in their life,

276
00:10:32,000 --> 00:10:33,040
also change passions.

277
00:10:33,040 --> 00:10:34,040
Look at my passion.

278
00:10:34,040 --> 00:10:35,720
My passion was running a company,

279
00:10:35,720 --> 00:10:38,080
and now my passion is running, really writing books.

280
00:10:38,080 --> 00:10:40,960
I've got a third book that I wanna put out eventually.

281
00:10:40,960 --> 00:10:42,600
And it's, you pivot.

282
00:10:42,600 --> 00:10:44,120
And by the way, people like you,

283
00:10:44,120 --> 00:10:45,520
who're gonna live to 100,

284
00:10:45,520 --> 00:10:47,480
are gonna have to pivot a number of times.

285
00:10:47,480 --> 00:10:50,600
And this is a real change in the human experience.

286
00:10:50,600 --> 00:10:52,800
Take my grandfather, not my grandfather,

287
00:10:52,800 --> 00:10:54,400
but a grandfather,

288
00:10:54,400 --> 00:10:57,080
built in the early 20th century.

289
00:10:57,080 --> 00:10:58,040
They got their degree,

290
00:10:58,040 --> 00:10:59,920
they went to a General Motors or Exxon,

291
00:10:59,920 --> 00:11:03,600
spent the whole life there, retired, went to Florida.

292
00:11:03,600 --> 00:11:05,120
They couldn't pivot, they just stayed.

293
00:11:05,120 --> 00:11:06,160
Now you're gonna have to pivot,

294
00:11:06,160 --> 00:11:08,840
because the world is changing so rapidly.

295
00:11:08,840 --> 00:11:10,040
Absolutely.

296
00:11:10,040 --> 00:11:12,200
So that's the passion part of it.

297
00:11:12,200 --> 00:11:16,880
So in that, I hear that you're gonna have to test out

298
00:11:16,880 --> 00:11:17,720
your passion,

299
00:11:17,720 --> 00:11:22,080
and your passion also is based off of the experiences

300
00:11:22,080 --> 00:11:23,880
that you have as well.

301
00:11:23,880 --> 00:11:26,800
Defining the words, you say, I wanna be X,

302
00:11:26,800 --> 00:11:29,240
I wanna do Y, test it out,

303
00:11:29,240 --> 00:11:31,480
see whether or not it's what you think it is.

304
00:11:31,480 --> 00:11:32,720
Absolutely.

305
00:11:32,720 --> 00:11:34,840
So then when it comes to the principles,

306
00:11:34,840 --> 00:11:39,200
what core principles should guide us to pursue our passions?

307
00:11:39,200 --> 00:11:40,040
So-

308
00:11:40,040 --> 00:11:41,960
No, again, might take my own personal experience.

309
00:11:41,960 --> 00:11:44,880
And you know, I was raised in a Catholic school

310
00:11:44,880 --> 00:11:47,640
as a youngster, you know, there was a simple passion.

311
00:11:47,640 --> 00:11:49,200
One was the golden rule.

312
00:11:49,200 --> 00:11:51,120
And she taught it with the golden ruler.

313
00:11:51,120 --> 00:11:53,400
If you got out of line, you got smacked on your neck,

314
00:11:53,400 --> 00:11:55,320
on your knuckles, I can still feel it.

315
00:11:55,320 --> 00:11:57,680
They threw in the 10 commandments, you know,

316
00:11:57,680 --> 00:11:59,200
and they've made it very clear

317
00:11:59,200 --> 00:12:00,840
that if you do the right thing in life,

318
00:12:00,840 --> 00:12:03,560
you know, you will basically go to the good place.

319
00:12:03,560 --> 00:12:04,680
If you do the wrong things in life,

320
00:12:04,680 --> 00:12:05,600
you're gonna go to the other place.

321
00:12:05,600 --> 00:12:08,440
So that starts out with age, you know, seven, eight, nine,

322
00:12:08,440 --> 00:12:09,260
so forth.

323
00:12:09,260 --> 00:12:10,920
Religion is taking a little bit of a backseat

324
00:12:10,920 --> 00:12:12,920
in our society, which is a mistake.

325
00:12:12,920 --> 00:12:15,840
You know, I think it's a very good thing to have.

326
00:12:15,840 --> 00:12:18,880
But all throughout my life, I collected these principles.

327
00:12:18,880 --> 00:12:20,640
You know, they really helped me.

328
00:12:20,640 --> 00:12:23,480
And then as you go through life, you pick them up

329
00:12:23,480 --> 00:12:24,320
and you put them down.

330
00:12:24,320 --> 00:12:25,960
I used to write them and put them on my wall.

331
00:12:25,960 --> 00:12:29,560
For example, you know, the principle that I think

332
00:12:29,560 --> 00:12:32,440
really helped me enormously with my work was,

333
00:12:32,440 --> 00:12:35,880
once I found out I really enjoyed people, you know,

334
00:12:35,880 --> 00:12:37,400
doing better than they thought they could,

335
00:12:37,400 --> 00:12:39,720
the principle I established was you could do

336
00:12:39,720 --> 00:12:41,680
almost anything, it's a cliche,

337
00:12:41,680 --> 00:12:44,360
if you don't worry about who gets the credit.

338
00:12:44,360 --> 00:12:45,200
That's very important.

339
00:12:45,200 --> 00:12:46,880
And then the second thing that principle

340
00:12:46,880 --> 00:12:49,220
even got more sophisticated, as well as I was concerned,

341
00:12:49,220 --> 00:12:51,280
you start to deflect credit.

342
00:12:51,280 --> 00:12:52,400
You know, when anybody says to you,

343
00:12:52,400 --> 00:12:54,960
Ed, you did a good job, you immediately think of

344
00:12:54,960 --> 00:12:58,320
who really helped you do it and make a point to say,

345
00:12:58,320 --> 00:13:00,360
you know, it really was Jose and Mary.

346
00:13:00,360 --> 00:13:02,080
It wasn't all me, you know.

347
00:13:02,080 --> 00:13:02,920
That's very important.

348
00:13:02,920 --> 00:13:05,360
That starts to reflect in your whole experience.

349
00:13:05,360 --> 00:13:08,440
So principles became, you know, very important.

350
00:13:08,440 --> 00:13:11,320
You collect them all, you know, you collect principles

351
00:13:11,320 --> 00:13:13,040
like the lines that I won't cross,

352
00:13:13,040 --> 00:13:16,380
the rules I'm going to follow, put them up on my wall,

353
00:13:16,380 --> 00:13:19,040
and things I wanted to achieve.

354
00:13:19,040 --> 00:13:21,520
And you know, what's my biggest principle right now?

355
00:13:21,520 --> 00:13:23,120
It's gratitude.

356
00:13:23,120 --> 00:13:25,520
You know, I really am grateful for everything

357
00:13:25,520 --> 00:13:27,360
that has happened to me in my life.

358
00:13:27,360 --> 00:13:29,120
And that's a very strong principle.

359
00:13:29,120 --> 00:13:31,240
And when you're grateful about something,

360
00:13:31,240 --> 00:13:32,160
you really feel better.

361
00:13:32,160 --> 00:13:34,760
So there's a, but principles basically are collected

362
00:13:34,760 --> 00:13:37,600
all through your life and they evolve, they change.

363
00:13:37,600 --> 00:13:39,760
Some of us, the one in Wall Street,

364
00:13:39,760 --> 00:13:42,000
so the happy is the hidden has been discarded

365
00:13:42,000 --> 00:13:45,160
because it really doesn't fit with what I'm doing right now.

366
00:13:45,160 --> 00:13:46,760
But it's something you have to collect.

367
00:13:46,760 --> 00:13:49,640
And again, writing them down and looking at them

368
00:13:49,640 --> 00:13:51,100
is very, very important.

369
00:13:52,120 --> 00:13:54,440
I really like how you said that

370
00:13:56,240 --> 00:13:58,160
you do almost anything when you forget

371
00:13:58,160 --> 00:14:00,680
about who gets the credit.

372
00:14:00,680 --> 00:14:04,960
And I believe that so many people are looking for credit,

373
00:14:04,960 --> 00:14:08,800
you know, to be acknowledged when we tend to do something,

374
00:14:08,800 --> 00:14:11,480
especially when we do something extremely well,

375
00:14:11,480 --> 00:14:13,840
there is an acknowledgement of to, you know,

376
00:14:13,840 --> 00:14:17,400
say it was me and I just really think

377
00:14:17,400 --> 00:14:19,340
that that was really powerful.

378
00:14:19,340 --> 00:14:21,980
When it comes to partners, which is your third one,

379
00:14:21,980 --> 00:14:23,720
how do you choose the right partners

380
00:14:23,720 --> 00:14:26,040
to support and enhance your journey?

381
00:14:26,040 --> 00:14:28,360
I know that you said you've been married for,

382
00:14:28,360 --> 00:14:29,680
you said 50?

383
00:14:29,680 --> 00:14:30,940
59 years.

384
00:14:30,940 --> 00:14:33,020
59 years.

385
00:14:33,020 --> 00:14:36,240
How can one do that?

386
00:14:36,240 --> 00:14:37,520
Well, it's a little bit of, you know,

387
00:14:37,520 --> 00:14:40,480
there's some luck involved, but there is obviously,

388
00:14:40,480 --> 00:14:42,620
you know, you have to basically have some

389
00:14:42,620 --> 00:14:43,760
of the same values.

390
00:14:43,760 --> 00:14:47,320
I think my wife and I are very different in a lot of ways,

391
00:14:47,320 --> 00:14:49,560
but our values are the same.

392
00:14:49,560 --> 00:14:52,960
And here again is testing, and young people do do testing.

393
00:14:52,960 --> 00:14:55,040
And you can't do much testing

394
00:14:55,040 --> 00:14:56,760
because you're very different people

395
00:14:56,760 --> 00:14:59,080
when you're 20 years old than when you're 40 years old.

396
00:14:59,080 --> 00:15:01,040
So the first thing you do is you find someone

397
00:15:01,040 --> 00:15:03,280
who is, you know, compatible, obviously.

398
00:15:03,280 --> 00:15:07,320
And I, when my son asked my grand, my only son-in-law,

399
00:15:07,320 --> 00:15:09,920
asked for the hand of my daughters,

400
00:15:09,920 --> 00:15:11,640
I said to him, you have, there are four things, Jimmy,

401
00:15:11,640 --> 00:15:12,480
that you have to have.

402
00:15:12,480 --> 00:15:14,600
One, you gotta love my daughter,

403
00:15:14,600 --> 00:15:16,560
and that's an emotional experience.

404
00:15:16,560 --> 00:15:18,680
If you can pull that off, you start off way ahead.

405
00:15:18,680 --> 00:15:20,560
Second of all, you gotta be committed.

406
00:15:20,560 --> 00:15:21,960
That's an intellectual decision.

407
00:15:21,960 --> 00:15:23,040
It's not emotional.

408
00:15:23,040 --> 00:15:25,160
You say, I'm committed to this relationship.

409
00:15:25,160 --> 00:15:26,620
And third of all, you gotta recognize

410
00:15:26,620 --> 00:15:30,600
that you both will have to compromise at points in time

411
00:15:30,600 --> 00:15:32,320
where she'll decide and you'll decide,

412
00:15:32,320 --> 00:15:33,960
you come together on a decision.

413
00:15:33,960 --> 00:15:36,960
Then finally, you have to sacrifice.

414
00:15:36,960 --> 00:15:39,000
I said, Jimmy, someday you'll have to do something

415
00:15:39,000 --> 00:15:42,040
you don't wanna do because she wants to do it.

416
00:15:42,040 --> 00:15:44,320
If you can get away with those four things,

417
00:15:44,320 --> 00:15:47,000
then basically you'll find the right partner.

418
00:15:47,000 --> 00:15:51,100
And he agreed that those four things were kind of in place.

419
00:15:51,100 --> 00:15:53,200
And I look at the people's lives.

420
00:15:53,200 --> 00:15:54,160
Then the second thing you have to do,

421
00:15:54,160 --> 00:15:56,680
you gotta, once you decide on a partner,

422
00:15:56,680 --> 00:15:59,080
the part P1, different than business partners,

423
00:15:59,080 --> 00:16:01,400
but P1, the most important part,

424
00:16:01,400 --> 00:16:02,800
you've got to have one,

425
00:16:02,800 --> 00:16:04,080
one of the young people asked me,

426
00:16:04,080 --> 00:16:05,760
how'd you stay married so long?

427
00:16:05,760 --> 00:16:08,920
I said, one very simple word, listen.

428
00:16:08,920 --> 00:16:10,960
You've gotta listen to the person you're married to

429
00:16:10,960 --> 00:16:14,280
or you're basically having a relationship with

430
00:16:14,280 --> 00:16:16,480
and also spend time alone.

431
00:16:16,480 --> 00:16:18,480
I recommend strongly when you're first married

432
00:16:18,480 --> 00:16:20,600
for the first five or even 10 years,

433
00:16:20,600 --> 00:16:23,240
so at least once a year, take a car trip

434
00:16:23,240 --> 00:16:25,400
for four or five days or go to a place

435
00:16:25,400 --> 00:16:27,480
where you're both alone where you can talk.

436
00:16:27,480 --> 00:16:30,320
And cars are very good because you're sort of stuck together

437
00:16:30,320 --> 00:16:32,000
for four or five days.

438
00:16:32,000 --> 00:16:33,880
And my wife and I did that.

439
00:16:33,880 --> 00:16:36,600
And we used to go every summer when the kids were in camp,

440
00:16:36,600 --> 00:16:39,400
we'd go on a car trip and we spent four or five days.

441
00:16:39,400 --> 00:16:43,560
Because the reason for that is very simple, people change.

442
00:16:43,560 --> 00:16:45,680
I find being on Wall Street,

443
00:16:45,680 --> 00:16:48,520
most of the divorces that I've talked,

444
00:16:48,520 --> 00:16:50,800
I've had a lot of divorces on Wall Street,

445
00:16:50,800 --> 00:16:52,840
they basically woke up one morning

446
00:16:52,840 --> 00:16:54,520
and found they were living with a stranger

447
00:16:54,520 --> 00:16:55,600
and it was all their fault

448
00:16:55,600 --> 00:16:56,800
because they didn't pay attention.

449
00:16:56,800 --> 00:16:59,760
You spent five or six or seven years working in a company

450
00:16:59,760 --> 00:17:01,560
and went home at night and went to sleep,

451
00:17:01,560 --> 00:17:04,600
this woman started or this man started to change

452
00:17:04,600 --> 00:17:07,280
and you didn't pay attention to it, you didn't adjust.

453
00:17:07,280 --> 00:17:08,560
So that's important.

454
00:17:08,560 --> 00:17:11,000
Now that's the P1 partner.

455
00:17:11,000 --> 00:17:13,680
The other partner is basically you try to find talents

456
00:17:13,680 --> 00:17:16,640
that basically compliment yours.

457
00:17:16,640 --> 00:17:18,720
Whenever you take a job, whether it's,

458
00:17:18,720 --> 00:17:21,920
if it's a real work position, like I was,

459
00:17:21,920 --> 00:17:24,880
I found a partner at Lehman Brothers when I was there,

460
00:17:24,880 --> 00:17:26,720
six foot five Dartmouth fellow,

461
00:17:27,880 --> 00:17:32,040
we spent 35 years together, he did things I couldn't do,

462
00:17:32,040 --> 00:17:34,000
he did things better than I could do them,

463
00:17:34,000 --> 00:17:36,400
he did things I did well that I didn't want to do.

464
00:17:36,400 --> 00:17:39,880
He was a great partner, okay, then that was very important.

465
00:17:39,880 --> 00:17:43,160
Now when you shift from work to community,

466
00:17:43,160 --> 00:17:47,040
you're basically involved in very different kinds of partners.

467
00:17:47,040 --> 00:17:48,600
They always say, well, get a good salesman

468
00:17:48,600 --> 00:17:50,280
to raise money for a university.

469
00:17:50,280 --> 00:17:52,640
No, no, no, no, totally different person,

470
00:17:52,640 --> 00:17:54,200
totally different talents.

471
00:17:54,200 --> 00:17:56,640
So each time you make a move on something,

472
00:17:56,640 --> 00:17:58,840
make sure you recognize the requirements

473
00:17:58,840 --> 00:18:01,400
of that particular position, of that partnership

474
00:18:01,400 --> 00:18:03,520
and what you, and you personally also,

475
00:18:03,520 --> 00:18:06,000
what you may do very well in certain kinds of things

476
00:18:06,000 --> 00:18:08,680
in business and very poorly in certain kinds of things

477
00:18:08,680 --> 00:18:11,720
in an emocenary or charitable experience.

478
00:18:11,720 --> 00:18:13,760
So that's how you select your partners

479
00:18:13,760 --> 00:18:15,680
and I think that's very important,

480
00:18:15,680 --> 00:18:17,720
but I found also that only as good as the people

481
00:18:17,720 --> 00:18:20,160
I surround myself with, my life shows us

482
00:18:20,160 --> 00:18:22,120
when I had no partners, I failed.

483
00:18:22,120 --> 00:18:23,720
When I had the wrong partners, I failed.

484
00:18:23,720 --> 00:18:26,240
When I had the right partners, I succeeded.

485
00:18:26,240 --> 00:18:27,880
That is amazing.

486
00:18:27,880 --> 00:18:30,000
So partner one, luck is involved

487
00:18:30,000 --> 00:18:31,760
and that's more on a relationship.

488
00:18:31,760 --> 00:18:36,400
It's a little bit involved and it's definitely

489
00:18:36,400 --> 00:18:39,360
an emotional, intellectual and a compromising

490
00:18:39,360 --> 00:18:43,600
committed relationship and that P2 is finding talent

491
00:18:43,600 --> 00:18:47,880
that you may not have, right, or that compliment yours

492
00:18:47,880 --> 00:18:50,720
and those are two great points to that

493
00:18:50,720 --> 00:18:53,480
because when you do find those, I think that things

494
00:18:53,480 --> 00:18:56,920
tend to feel a little bit better about how you're going

495
00:18:56,920 --> 00:18:59,000
through and how you're getting through.

496
00:18:59,000 --> 00:19:03,920
So I definitely think those are, I'm learning so much Ed.

497
00:19:03,920 --> 00:19:04,760
This is crazy.

498
00:19:04,760 --> 00:19:07,800
This is crazy.

499
00:19:07,800 --> 00:19:10,640
So we got the last P which is plans.

500
00:19:10,640 --> 00:19:13,320
What strategies do you recommend for creating

501
00:19:13,320 --> 00:19:15,800
and executing effective plans?

502
00:19:15,800 --> 00:19:18,400
Well, first of all, you obviously have to look at yourself

503
00:19:18,400 --> 00:19:22,200
and see, but the plan starts off by looking basically

504
00:19:22,200 --> 00:19:27,200
at history, as looking ahead, you've got your passions,

505
00:19:27,720 --> 00:19:30,040
you've got your principles, you know, I think about

506
00:19:30,040 --> 00:19:31,800
some of the partners that you wanna have.

507
00:19:31,800 --> 00:19:34,640
How do those all fit in to the history?

508
00:19:34,640 --> 00:19:37,480
That what's gonna happen in your lifetime?

509
00:19:37,480 --> 00:19:40,320
And in my book, the person goes into a tunnel

510
00:19:40,320 --> 00:19:43,920
and he can take the four drivers of what I call society.

511
00:19:43,920 --> 00:19:45,600
There are many more drivers.

512
00:19:45,600 --> 00:19:50,600
The drivers are the economy, the government,

513
00:19:54,840 --> 00:19:59,360
technology and geography.

514
00:19:59,360 --> 00:20:01,280
There are four of them that are very important.

515
00:20:01,280 --> 00:20:03,280
And you can take each one of those and say,

516
00:20:03,280 --> 00:20:05,480
what are they determining?

517
00:20:05,480 --> 00:20:06,920
The government is moving in a direction.

518
00:20:06,920 --> 00:20:08,360
Do you wanna follow that direction?

519
00:20:08,360 --> 00:20:10,040
What wave does that give you?

520
00:20:10,040 --> 00:20:12,520
Like, let's take geography, which is a simple one.

521
00:20:12,520 --> 00:20:17,440
You know, my son was interested in real estate.

522
00:20:17,440 --> 00:20:19,600
He got his master's degree in architecture.

523
00:20:19,600 --> 00:20:21,680
He went to Denver in the 90s.

524
00:20:22,880 --> 00:20:24,400
He's been there for 30 years.

525
00:20:24,400 --> 00:20:25,240
Has he missed?

526
00:20:25,240 --> 00:20:26,080
Couldn't miss.

527
00:20:26,080 --> 00:20:28,560
Real estate went straight up, no problem.

528
00:20:28,560 --> 00:20:29,400
All right?

529
00:20:29,400 --> 00:20:32,360
I have a classmate from Harvard Business School

530
00:20:32,360 --> 00:20:35,600
went to Hong Kong in 1964, went into real estate.

531
00:20:35,600 --> 00:20:38,840
You know, my grandson just moved from Chicago

532
00:20:38,840 --> 00:20:41,280
to Bellingham, Washington, where he basically

533
00:20:41,280 --> 00:20:42,320
is much more comfortable.

534
00:20:42,320 --> 00:20:43,800
So, geography has a problem.

535
00:20:43,800 --> 00:20:46,760
Now, technology is the one that's really changed the world

536
00:20:46,760 --> 00:20:47,960
since the beginning of time.

537
00:20:47,960 --> 00:20:51,040
I mean, that's, so gotta say, what part of technology

538
00:20:51,040 --> 00:20:52,720
would I like to play in?

539
00:20:52,720 --> 00:20:54,560
Is it healthcare technology?

540
00:20:54,560 --> 00:20:55,400
Is it electronic?

541
00:20:55,400 --> 00:20:58,240
Is it now you have AI and all that sort of stuff?

542
00:20:58,240 --> 00:21:02,080
What areas of those things are gonna grow very rapidly?

543
00:21:02,080 --> 00:21:04,200
And it's not only business.

544
00:21:04,200 --> 00:21:06,320
I use my own example.

545
00:21:06,320 --> 00:21:10,800
I got into the mutual fund business in 1964.

546
00:21:10,800 --> 00:21:13,560
It's a tiny little business, like the company I went for

547
00:21:13,560 --> 00:21:16,640
had 300 million of assets under management.

548
00:21:16,640 --> 00:21:18,560
Today it has two trillion.

549
00:21:18,560 --> 00:21:21,080
So, you ride that wave.

550
00:21:21,080 --> 00:21:23,320
But I take also a friend of mine who graduated

551
00:21:24,480 --> 00:21:27,560
in a medical school with a specialty

552
00:21:27,560 --> 00:21:29,080
in the curvature of the spine.

553
00:21:30,320 --> 00:21:31,200
So, what did he pick out?

554
00:21:31,200 --> 00:21:33,320
He could have gone to any hospital in America.

555
00:21:33,320 --> 00:21:37,640
Went to Ethiopia, went to Mother Teresa's clinic,

556
00:21:37,640 --> 00:21:40,640
and over the last 25 or 30 years, he had become,

557
00:21:40,640 --> 00:21:42,840
he was one of the two doctors who could do curvature

558
00:21:42,840 --> 00:21:45,320
of the spine in almost all of Africa.

559
00:21:45,320 --> 00:21:46,480
And you can see his brochure.

560
00:21:46,480 --> 00:21:49,680
He's changed and saved so many lives

561
00:21:49,680 --> 00:21:50,640
because he found a wave.

562
00:21:50,640 --> 00:21:54,640
The wave was the need, what I call latent demand

563
00:21:54,640 --> 00:21:56,680
for what you could do really well.

564
00:21:56,680 --> 00:21:59,200
And that makes happiness as far as I'm concerned.

565
00:21:59,200 --> 00:22:01,520
If you get on a wave and you read any great,

566
00:22:01,520 --> 00:22:03,960
most successful people you find out got on this wave,

567
00:22:03,960 --> 00:22:05,800
that's what, I want you to write that plan,

568
00:22:05,800 --> 00:22:08,160
write it down, and then put checkpoints in it

569
00:22:08,160 --> 00:22:09,920
so that you say, this is what I'm checking out.

570
00:22:09,920 --> 00:22:11,960
For me and for the system.

571
00:22:11,960 --> 00:22:14,760
And sometimes you have to delay your enthusiasm.

572
00:22:14,760 --> 00:22:17,520
Your passion may not fit for the particular point in time.

573
00:22:17,520 --> 00:22:19,400
You have to take another road.

574
00:22:19,400 --> 00:22:21,080
I was an engineer for a while

575
00:22:21,080 --> 00:22:22,840
because that was the place I could get a job.

576
00:22:22,840 --> 00:22:24,080
Then I went to business school.

577
00:22:24,080 --> 00:22:27,040
I was able to change my direction and find a new wave.

578
00:22:27,040 --> 00:22:28,480
Actually, in my engineering,

579
00:22:28,480 --> 00:22:30,880
I picked an air hit called plastics.

580
00:22:30,880 --> 00:22:33,320
And I was in plastics before Dustin Hoffman

581
00:22:33,320 --> 00:22:34,520
because it was a new field.

582
00:22:34,520 --> 00:22:36,720
In fact, the word that described plastics

583
00:22:36,720 --> 00:22:38,360
weren't even in existence when I went in.

584
00:22:38,360 --> 00:22:41,680
They said, I'm calling them polypropylene and polyethylene.

585
00:22:41,680 --> 00:22:43,800
They called them high facts and pro facts.

586
00:22:43,800 --> 00:22:47,040
So, you know, so people, I always have had a vision

587
00:22:47,040 --> 00:22:49,040
of basically moving into something

588
00:22:49,040 --> 00:22:51,200
that's gonna be bigger someday.

589
00:22:51,200 --> 00:22:53,240
And I think that's one of the things you do in your plan.

590
00:22:53,240 --> 00:22:56,520
But you also, you know, in my plans chapter,

591
00:22:56,520 --> 00:22:58,360
there is a section on luck.

592
00:22:58,360 --> 00:23:00,000
And you know, being born at the right time

593
00:23:00,000 --> 00:23:02,440
in the right place is still pretty damn important.

594
00:23:02,440 --> 00:23:03,600
And sometimes you have to move

595
00:23:03,600 --> 00:23:04,960
and sometimes you don't have to move.

596
00:23:04,960 --> 00:23:07,440
So in the plans chapter,

597
00:23:07,440 --> 00:23:12,240
there's a number of processes you go through

598
00:23:12,240 --> 00:23:13,680
to figure out what your plans are.

599
00:23:13,680 --> 00:23:15,680
And then we make you in that chapter,

600
00:23:15,680 --> 00:23:17,520
write down your plans.

601
00:23:17,520 --> 00:23:19,280
Because I think, and also the plan should be written

602
00:23:19,280 --> 00:23:21,880
in pencil because as you go through life, life changes.

603
00:23:21,880 --> 00:23:24,680
You know, and you gotta race it and start over again.

604
00:23:24,680 --> 00:23:26,640
But with a plan, I think you got a better chance

605
00:23:26,640 --> 00:23:28,640
of making that turn on the road.

606
00:23:28,640 --> 00:23:31,080
I have a cliche also, you know,

607
00:23:31,080 --> 00:23:32,280
let's make sure the turn of the road

608
00:23:32,280 --> 00:23:33,440
isn't the end of the road.

609
00:23:33,440 --> 00:23:35,240
That's very important.

610
00:23:35,240 --> 00:23:37,720
Sometimes people get a turn and they say, it's over.

611
00:23:37,720 --> 00:23:39,840
No, no, you look at your plan,

612
00:23:39,840 --> 00:23:42,640
you race a few things and you make the turn on the road.

613
00:23:43,960 --> 00:23:48,520
I tell you the challenging part in all of this

614
00:23:48,520 --> 00:23:51,880
is trying to get everything you're saying.

615
00:23:53,720 --> 00:23:55,240
You say I'm the professional,

616
00:23:55,240 --> 00:23:58,800
but I tell you this is learning you don't get anywhere

617
00:23:58,800 --> 00:24:01,320
and I'm hearing it from you.

618
00:24:01,320 --> 00:24:04,280
And you know what's interesting is that

619
00:24:04,280 --> 00:24:06,720
there's a lot of things that you've spoken about, right?

620
00:24:06,720 --> 00:24:09,560
In these four P's, but in the four P's,

621
00:24:09,560 --> 00:24:13,200
you mentioned four other things at least three times.

622
00:24:13,200 --> 00:24:15,720
So is four your favorite number?

623
00:24:16,800 --> 00:24:18,280
Well, you know, you look back in history,

624
00:24:18,280 --> 00:24:19,560
four has a sort of thing.

625
00:24:19,560 --> 00:24:21,040
By the way, I haven't found anything about you.

626
00:24:21,040 --> 00:24:21,960
Who are you?

627
00:24:24,200 --> 00:24:28,720
I, I'm, interesting enough, when you said Denver,

628
00:24:28,720 --> 00:24:30,000
that's where my home is.

629
00:24:30,000 --> 00:24:32,360
I was born and raised in Denver, Colorado.

630
00:24:32,360 --> 00:24:37,360
And I decided to get out of there maybe around 22, 23.

631
00:24:37,360 --> 00:24:39,280
I moved to Jacksonville, Florida.

632
00:24:39,280 --> 00:24:42,520
I worked at the Mayo Clinic, which was,

633
00:24:42,520 --> 00:24:45,080
I tell you something completely different,

634
00:24:45,080 --> 00:24:48,200
but I had a whole different outlook on life.

635
00:24:48,200 --> 00:24:50,600
And then moved back to Denver, Colorado.

636
00:24:50,600 --> 00:24:55,600
And then I came out here in 2006, I believe, yes.

637
00:24:55,880 --> 00:24:57,240
2006 to San Antonio.

638
00:24:57,240 --> 00:24:59,080
Here is, where is here?

639
00:24:59,080 --> 00:25:00,560
San Antonio, Texas.

640
00:25:00,560 --> 00:25:02,160
Oh, San Antonio, Texas, okay.

641
00:25:02,160 --> 00:25:03,000
Yes, yes.

642
00:25:03,000 --> 00:25:07,120
So I've been here for 18 years now on August 6th.

643
00:25:07,120 --> 00:25:08,680
I was here for 18 years.

644
00:25:08,680 --> 00:25:13,680
And I have delved in a lot, I guess I could say.

645
00:25:14,560 --> 00:25:16,040
Well, I mean, I'm only 45.

646
00:25:16,040 --> 00:25:17,680
So enough, right?

647
00:25:17,680 --> 00:25:19,720
I have some experiences.

648
00:25:19,720 --> 00:25:21,760
One of my most favorite jobs was

649
00:25:21,760 --> 00:25:24,120
I was an organ tissue and eye coordinator.

650
00:25:24,120 --> 00:25:28,400
And I did that for about seven, eight years.

651
00:25:28,400 --> 00:25:29,840
And that was actually just speaking

652
00:25:29,840 --> 00:25:32,160
with families over the telephone only.

653
00:25:33,120 --> 00:25:36,840
So I had the opportunity of speaking with them

654
00:25:36,840 --> 00:25:39,240
and of course asking for their donations.

655
00:25:39,240 --> 00:25:41,880
But the hours in which I had to reach them

656
00:25:41,880 --> 00:25:45,240
was if someone was on a ventilator, I only had four hours.

657
00:25:45,240 --> 00:25:48,000
And if someone had completely passed

658
00:25:48,000 --> 00:25:50,320
and was not on a ventilator, I had 12 hours

659
00:25:50,320 --> 00:25:53,200
in order for our procurement team to make it out there.

660
00:25:53,200 --> 00:25:55,160
Wow. To retrieve the tissue, yes.

661
00:25:55,160 --> 00:25:58,560
And so in that field and in that business,

662
00:25:58,560 --> 00:26:01,880
I learned the art of listening to emotions,

663
00:26:03,800 --> 00:26:08,000
their mindset and where they were over the telephone only.

664
00:26:08,000 --> 00:26:12,920
And I tell you, Ed, that was something that I don't,

665
00:26:12,920 --> 00:26:16,240
I would not be who I am today if I did not do that.

666
00:26:16,240 --> 00:26:17,080
And then I would-

667
00:26:17,080 --> 00:26:19,800
You had a passion for listening though too.

668
00:26:19,800 --> 00:26:23,320
I still do as to the reasons why.

669
00:26:23,320 --> 00:26:24,720
You're doing what you're doing, exactly right.

670
00:26:24,720 --> 00:26:26,120
Exactly.

671
00:26:26,120 --> 00:26:27,600
See, you have your passion for listening.

672
00:26:27,600 --> 00:26:30,160
You gotta find a methodology of utilizing that passion

673
00:26:30,160 --> 00:26:31,240
and you found it.

674
00:26:32,080 --> 00:26:33,320
And you know what?

675
00:26:33,320 --> 00:26:35,080
This was just by chance.

676
00:26:35,080 --> 00:26:40,080
I met Jackson at a networking event because I am a realtor.

677
00:26:41,000 --> 00:26:44,160
So I went all the way from that end all the way to this end

678
00:26:45,680 --> 00:26:47,560
and it just fell into my lap.

679
00:26:47,560 --> 00:26:51,000
And one thing I realized that every job that I have taken

680
00:26:51,000 --> 00:26:54,440
was based upon people and not actually the job.

681
00:26:54,440 --> 00:26:57,280
It's the love of people that I have.

682
00:26:57,280 --> 00:26:58,880
And I really enjoy listening.

683
00:26:58,880 --> 00:27:00,360
I really enjoy learning.

684
00:27:00,360 --> 00:27:05,360
And I realized that that's imperative to my growth.

685
00:27:06,440 --> 00:27:09,840
You're planning, you would put, when you make decisions,

686
00:27:09,840 --> 00:27:11,320
people at the top of the list.

687
00:27:11,320 --> 00:27:13,560
Other people would pick something else.

688
00:27:13,560 --> 00:27:15,480
But also you're picking people

689
00:27:15,480 --> 00:27:17,600
that are taking you in a direction too.

690
00:27:17,600 --> 00:27:19,080
That's the other thing.

691
00:27:19,080 --> 00:27:20,560
You're not just picking the people.

692
00:27:20,560 --> 00:27:23,760
You pick the direction, then you find the right person.

693
00:27:23,760 --> 00:27:24,920
Wow.

694
00:27:24,920 --> 00:27:26,120
Okay.

695
00:27:26,120 --> 00:27:27,920
And you know what?

696
00:27:27,920 --> 00:27:28,840
I go through life.

697
00:27:28,840 --> 00:27:29,720
I won't even say we.

698
00:27:29,720 --> 00:27:34,360
I go through life just by faith, number one.

699
00:27:34,360 --> 00:27:36,480
That's my first is by faith, number one.

700
00:27:36,480 --> 00:27:39,920
But I realized when my faith is put first,

701
00:27:39,920 --> 00:27:42,600
then everything else just follows.

702
00:27:42,600 --> 00:27:44,920
And it follows in a direction

703
00:27:44,920 --> 00:27:46,720
that I don't have to question.

704
00:27:46,720 --> 00:27:48,520
Because if it just happens,

705
00:27:48,520 --> 00:27:50,720
I realized that there's a purpose in that.

706
00:27:50,720 --> 00:27:55,720
And me getting into this and being on Vision Pros Live,

707
00:27:55,720 --> 00:28:00,600
there is an abundance of knowledge and information

708
00:28:00,600 --> 00:28:01,760
that I'm learning.

709
00:28:01,760 --> 00:28:06,360
And although I'm a podcast professional, which I am not,

710
00:28:06,360 --> 00:28:10,200
I tell you that I don't take any of this for granted.

711
00:28:10,200 --> 00:28:12,560
I take nothing for granted.

712
00:28:12,560 --> 00:28:15,800
Ed, running into you, receiving this book

713
00:28:15,800 --> 00:28:18,320
and knowing that I have some stuff I gotta do.

714
00:28:18,320 --> 00:28:19,160
Yeah.

715
00:28:19,160 --> 00:28:20,000
You got it.

716
00:28:20,000 --> 00:28:23,400
Well, if you like it, you've got to give me a review too.

717
00:28:23,400 --> 00:28:24,520
Absolutely.

718
00:28:24,520 --> 00:28:25,360
Absolutely.

719
00:28:25,360 --> 00:28:26,280
It's so funny.

720
00:28:26,280 --> 00:28:29,160
I was like, how can I get this in right when I get it?

721
00:28:29,160 --> 00:28:31,760
And it was the weekend just flew by.

722
00:28:31,760 --> 00:28:33,600
But Ed, I just want to thank you.

723
00:28:33,600 --> 00:28:37,080
I know that we had a rough time getting on here.

724
00:28:37,080 --> 00:28:41,360
And this book is going to bring value

725
00:28:41,360 --> 00:28:45,160
to anyone who chooses to read it and or listen to it.

726
00:28:45,160 --> 00:28:47,200
And I believe it is on Amazon.

727
00:28:47,200 --> 00:28:48,440
Is it anywhere else?

728
00:28:48,440 --> 00:28:49,480
Amazon, yeah.

729
00:28:49,480 --> 00:28:50,920
Why don't you just put my name in

730
00:28:50,920 --> 00:28:52,800
and you get the two books.

731
00:28:52,800 --> 00:28:53,840
They're very nice.

732
00:28:53,840 --> 00:28:55,120
They're the only agent in the world.

733
00:28:55,120 --> 00:28:57,840
But you know, interesting, just one more minor thing.

734
00:28:57,840 --> 00:28:59,640
I see what you believe as I believe.

735
00:28:59,640 --> 00:29:00,880
Life is flow.

736
00:29:00,880 --> 00:29:02,240
Thank you for being here today.

737
00:29:02,240 --> 00:29:04,720
I'm really happy that you tuned in to Vision Pros Live.

738
00:29:04,720 --> 00:29:07,360
I'm looking forward to seeing your reactions

739
00:29:07,360 --> 00:29:09,680
as these episodes continue to move forward.

740
00:29:09,680 --> 00:29:11,360
This is going to get more and more fun.

741
00:29:11,360 --> 00:29:13,160
We'll have more and more engagement as well.

742
00:29:13,160 --> 00:29:15,280
We'll invite people to participate in the show.

743
00:29:15,280 --> 00:29:17,640
And thank you for giving us your time and attention.

744
00:29:17,640 --> 00:29:20,360
Have an excellent time building out your vision

745
00:29:20,360 --> 00:29:25,360
and becoming a Vision Pro yourself.

