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Tony Robbins on Finance

Tony Robbins on Finance

“Who gives a shit what my opinion is? I want Ray Dalio’s opinion. I want to know Jack Bogle’s opinion. I want to know Carl Icahn’s.”

Tony Robbins

200+ Words from the Tim Ferriss Podcast: #37: Tony Robbins on Morning Routines, Peak Performance, and Mastering Money

Tony Robbins:

I don’t tell you my opinion. Who gives a shit what my opinion is? 

I want Ray Dalio’s opinion. I want to know Jack Bogle’s opinion. I want to know Carl Icahn’s. I want to know what Mary Callahan Erdoes who’s head of JP Morgan and manages 3.2 trillion with a T. 

I want to know her opinion. When it comes to the emotional or psychological side, yeah that’s in me for 36 years. Those opinions are clearly mine. I’ll stand on them. So I’m real proud of what it is. And I think anybody who reads it will be touched, and I wrote it to empower readers of all types. But I also wrote it because I was thinking about a vehicle for righting another wrong in my opinion.

I think the system is clearly — if you read Flyboys or you talk to Michael Lewis or anybody like him, they’ll describe to you how high frequency trading today is so extreme — we’ve all heard about it — but it’s just so extreme. 

It takes 500 milliseconds for you to click on your E-trade and say I want to buy this stock of Apple. And you’ve got guys who spend a quarter of a billion dollars to straighten lines between Chicago and New York so they could save 1.4 milliseconds. And they’re going to trade hundreds, maybe thousands, of times. They know you’re going after Apple.

LISTEN TO THE FULL INTERVIEW WITH TIM FERRISS AND TONY ROBBINS