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Investment Advice From the Millionaire Who Became A Rabbi

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Rabbi Yaron Reuven avatar
Rabbi Yaron Reuven

Transcript

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[Music] It's a buying opportunity. The bottom line is is that uh these two companies have a huge opportunity. There are only two companies in an entire sector. [Music] My story doesn't start with religion. My story doesn't start with the truth. My story starts with Alma Shik, the world of lies. God gave, God took. May his name be great. [Music] One of the biggest problems that a person has in their life is a problem they invent in their mind. Because instead of worrying about their own life, they worry about what people think of their life or would think of their life. They're affected and infected by everyone's laughs and mockery of what they decide to do. They want a different life. Why isn't it easier, Rabbi? Why can't everyone agree? You're not understanding. The Torah was given in the desert, specifically harsh conditions because that's struggle is what brings success. There's no shortage of stories of major organizations that were a laughingtock for years before they became everyone's favorite investment. I remember years ago when I was still in the investment business, the secret sauce to the successful investments that we chose was looking for what everyone hated, but for the wrong reason. We didn't just want garbage. Weren't sanitation department. We wanted to find the company that everyone was laughing at. But they were wrong. And a difference between finding losers and finding winners is whether you're able to determine whether everyone is wrong or not. Because while they're being laughed at, that means the stock has gone down. is staying down. Nobody likes it. Everybody makes fun of it and you analyze and you see is everyone wrong? Is it possible that these Wall Street banks and analyst everyone is wrong? Yes, it's possible. towards the end of my career. I had millions and millions of shares of a company the whole world has hated for years. I told my people that were working for me same thing I told my clients. I know everyone hates it. I know it's struggling, but everyone's wrong. One day this will change. I said, listen, the stock it's $2 right now. The market's crashing. Yeah. Company was called AMD after the crisis of 2008. I was practically begging people to buy the stock for $2. Some people, listen, if they held on to the stock, it's over $100 a share now. If I was still in the business, it'd be worth over a billion dollars for me. But again, Hashem didn't keep me in that business, but he showed me that just because everyone is laughing doesn't mean they're right. The same applies in the world of Torah. So when a person understands what we're saying here, they can apply it to their life in different aspects. If you're wise enough to succeed in the world of Torah and learning, if you want to succeed, that means Torah has to become the number one priority in your life, the absolute certainty where nothing else compares to it. Not food, not relationships, not physical pleasures. But if you turn yourself into a desert where there's only one option and the conditions are irrelevant, then it doesn't matter that your family's laughing at you, that you spent all your time learning Talah. Doesn't matter that your brother and sister and cousins are telling you you're insane for reading books all day and watching lectures. These things don't become confusions. You're not confused by what people say. They call you crazy. You have no idea what they're talking about. In fact, you feel bad for them for them being the way they are. You don't get angry at people making fun of you. You simply feel bad for them. [Music]