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Where does that humility come from?
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Does that come from working in the city and being in a medals, you know, exchange ring at 18 and being yelled at and having to go through all of that?
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I mean, how much of the city work prepared you for this, or is that a completely different ball game?
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No.
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I think being a Christian prepared me and being a Christian, I became a Christian, a 30 35 I've been in the city for 17 years.
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By then, I got married when I was 30.
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Um, Andi, that really sort of change Donned.
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Frankly, if you're a Christian, you know, you believe that God is involved in your life And there have been occasions in my city work in running a hedge fund and having very big positions on, for instance, the copper market with the dominant position.
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Sometimes eso globally that that one was humbled.
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I mean, I'm just using that mixing.
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Uh, it's a subject where we could talk about a bit.
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But you had a new instance at one point where I think there was an American hedge fund that new your positions and decided to maybe squeeze your copper position.
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Maybe metal.
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And you lost 30% of your fund net worth in 12 days.
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Yeah, that was $900 million in 2007.
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12 years?
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Yeah, and I was sleeping one hour a night.
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Andi, I was a Christian, and I was sort of thinking, What's going on here?
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I'm a Christian.
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I'm doing Bible studies.
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I'm going to church praying.
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And then somebody said to me, it was a minister said, You know, Michael, uh, God is sovereign.
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He is sovereign.
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Aunt, He's your father.
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I I saw thinking about Okay, so he is God almighty, omnipotent and omniscient.
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But he is my father, and he gives me good things.
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So there's something going on here which I don't understand.
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I just should relax and just behave in the way that, you know, I think his word guides me to behave, which actually requires humility.
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You gotta close out positions.
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You gotta talk to investors about losses.
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We actually gave back a lot of fees, which would we could have kept.
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But we did that.
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And in fact, one of the investors.
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So, Michael, if you hadn't done that, we would have been off.
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It was that sort of thing going on.
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But it's a very humbling position on.
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Then afterwards I was thinking about Well, what was the good that came out of this?
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I thought, Well, what What was it then?
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I thought humility.
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That's what it waas there.
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I waas doing very well.
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And even though I thought, you know, one sort of humble Christian guy doing good things, actually, there was in here, actually, a lot of bad guy.
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I'm doing pretty well, actually.
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Look at me compared to everybody else.
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Thank you very much.
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Andan all of a sudden you're humbled on.
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Actually, humility is a great gift.
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It za great gift and very difficult to receive because we all have that inherent pride within us.
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You know, all of us do we all want to be somebody you know on Do actually be given the gift of humility.
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Ortio, go along.
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That path of growing in humility is a very gracious gift of God, I think.
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How What?