גלעד סלונים ויואב זליקוביץ- פרק #71 - ארנולד ון דר ברג- נחישות שמובילה להצלחה אדירה

I'm going to go. Good morning, good afternoon, Gilla, what a sound. Good times for the listeners, ciao a voi. Good morning, today is another day of depression in the Israelis. First of all, today we are depressed, But maybe someone will listen to this in a week, And you shouldn't be depressed too much, So let's just briefly note that we recorded the day after the incident It's very difficult to see the horrible man who hurt their writing. In the dining room. I also recently learned that the son of one of the men who served with me was killed there. So, yeah, these are very, very hard days, But we hope someone hears it at a later time, I hear better gossip. I'm a coach, yes, And healing all the many, many, many wounded that are there. It's a really tough event. How are you, Yub? Well, it has to, we keep going, Trying to talk the door down, Family, holidays, excuses. How's the holiday going? Sure, I was, I was, I was in a house. Signed already? Is there a good signature or not yet? We've already signed, River. Uh, we signed already, closed. In the past, in the past, it was much more. He said, next year's sale is already closed. We had only to live, live in peace in our house, The rest is a bonus. You know something, but with all this difficult opening, We're investing today with a story that gives hope. Not just something that happened, but we've already survived the world of Arnold Vunderberg, And the great hope that he gives and his great story, An amazing story, both as a person and as an investor. We can first disclose, Save a little, take notes, and get to him. So fellas, we'll talk about the investments, But this isn't investment advice, not investment marketing. Do not treat this as a recommendation to perform such an action otherwise in paper value, It's just for the purpose of the theory and study and general understanding of the field. Anyone who wants investment advice is welcome to leave, we have a link below, And accept service tailored to each individual's needs, with joy, But that's not the point of the podcast, Our goal here is to keep the content and knowledge and thinking forms about investments, And our sponsors are Israel Interactive, From the Interactive Rocker, Which gives you a service just as cheap as we know, permitted by the State of Israel to manage investments in securities worldwide, You said it's a very cheap deal, you can buy shares, almost and no commercial, shifting, Really, since it's very convenient, the money is being transferred to Israel, Insured by Fedi, there's a possibility to make a fixed deposit, Automatically buy shares and say something, Everything is very simple and online, And anyone who wants to open an account, we also have our affiliate link below, You're welcome to register and open an account. And these are our introductions, Joe, do you want to give us a quote for the opening? In the pleasures of Gilead, I want to be a wise Jew known to most of us, A guy named Albert Einstein, who once said, This is a short stay and a movie as a return. Wait, wait, you're advertising to ordinary people. I don't understand, I don't understand who this... The hand? I didn't understand. It's still, but I didn't understand what he said. Can you repeat that, please? So I'm with him too, All that our knowledge is moving, Call back to the direction that works to talk to the film as a substitute, Fun is just as much fun as it gets. "Forbidden or not allowed" is a word that means "about the intention of the poet". I hope I understood this smart guy that we know more about a certain subject as well. I think it's very relevant in the world of investing as well. At least I can say myself as I keep struggling and reading and studying I realize how much I don't know and it makes me want to learn more and more I think it also connects to today's business. Just bringing you maybe some anecdotal point I told today to our favorite investor that explains it in the investment world. You know one of the best-performing departments in the last decades. I'm a cigarette sales manager and I'm telling you about a quote from Philip Morris. The name of the company has changed, but the consumption of cigarettes among the general population has declined steadily over the past few decades. The manager with the highest salary maybe and invariably is a company of people who say all kinds of things from where you understand you understand how complex the investment world is how complex it is. It's very hard to know how to say it. I'd like to think that's a very true quote. It's very strong. And I think that even what we're trying to do here is thank you a lot of times people try to get closed answers. Why do you need to do it and how to do it right? The way to do it right is the way to do it right. I think the investment world shows us that life doesn't really work that way in the complex complexities of life what worked once won't always work again for changing reasons and changing reasons. As one of the investment of all Israelis now to learn that you have brought here also quote for all moving to the S&P track. But it doesn't seem to be related to this point because the main point I think is that the thing about this thing is that you can't know anything absolutely things are always changing. That means something is true at point x is not true at point y. And you need to understand the essence of things and apply it to the right circumstances and not just look for open answers because things are more complicated than you know. If you've learned something and understood something, okay, it's just learning part of it, keep learning, you know, you still need to be careful in this aspect of knowledge and without reading signs, there are no question marks. You'll always understand how much more you have to learn. Exactly and perhaps really it is a nuance in this respect that in fact the most important thing is to understand what is true for everyone and not what is true absolutely. That means one person in the right investment model is worth one person in the right investment model needs one person in the right investment model. Yes, I did. Sorry, sorry, thank you for the fix and one person is the real estate model because that's what makes a friend of mine so nice that he can't stand the stock market. And that's exactly the essential point of figuring out what's right for a specific person at the right time. Find your way to whoever just waited for the exact date you needed to reach the United States from 1981 until today until 5 years ago. It's down 44% overall since the 80s, but the number of people using the internet has increased by 71%. So for all those who try to base their forecasts on the Internet to invest in this or any other kind of thing, he helps them. There's another circle where you're a scumper. There's another circle. There's another circle. Okay, I'm gonna give you a quote from Howard Marks' book that I call his most important thing. And I read the chapter on Risk That's an episode where it's really exciting I sent you his mom about the baby that he wrote on the eve of her explosion the man is a genius in a way that cannot be described. He brings up a quote from someone named Lloyd Dimson that I don't know who he is and he wrote the following simple thing. Risk means more things can happen than will happen. And to me it's a great quote because you know a lot of times people look back and see plates and understand okay that was good. So here's your example of the S&P rising 30% last year. It means it's good to invest in S&P but hard to understand. The risk that I'll talk about if it doesn't come true. Now just because the risk didn't come true doesn't mean it was definitely the right thing to do. And I'll add to that quote something else that I've built up for myself as a result of 20 years of experience as an insurance agent. That what life taught me is that anything that can happen will happen the question is when and who. Just because something didn't happen to us doesn't mean it's okay and there's no problem with him. A lot of times the answer is yes but I've done it a lot of times and nothing happened or the most important thing everyone does it. Everybody does it. It's possible that everybody does it and everybody works hard, but one in a hundred of them explodes and explodes and the damage is damage that is impossible to understand. So maybe the hardest thing for people to understand about the complexity of investing is to understand what was saved in relation to the risk of our clients. Because that's probably the most important thing about Howard's quote. It's really wonderful. And let's use it for Vanderberg. I'll tell you that I have a friend who I've already written about a few times here who even managed and I think today he's in a professional relationship with a Jewish guy. Today can't be described in the podcast to tell us in the first person about her investments not because he is currently probably in Lebanon but without a promise we will bring him to the podcast Samuel who tells us that he is today working really and helping him. But the full name was revealed through the personal name of Wanderer Arnold Arnold Wanderer. Born before the Holocaust. 80 years old, a family who had originally moved to Holland before the Holocaust. They lived on the same street as Anna Frank and he was successful. His parents moved him to live with a family who was not really in the orphanage. The Holocaust was there for almost four years. A family invented a family. That's a serious bitch whose parents also sent him to Auschwitz because it's important if he produces they'll find out so they sent him there so he could survive. After the Holocaust they reunited and moved to the United States. I'm going to tell you about some stuff we went through. He grew up in the United States as a teacher in a Los Angeles neighborhood for the best part of his childhood. I think so too, but let's give you some points about the days he's been through and what happened and how it affected him. But I want you to take a moment to start from the beginning. You know what the most amazing thing about him is? He works between 84 hours a day and spends an hour every morning on the trampoline. He found that trampoline jumping is the best sport because it both strengthens and strengthens muscles and uses it in the most efficient way so he has a trampoline at home every morning at the age of 84. He jumps on a trampoline which I find unusually impressive and works and talks and you'll see. There's a podcast that William Green recorded with him a few parts a year ago. You see him standing talking for two hours straight at the age of 83. Unusually impressive and especially in light of the start we're talking about that he was smuggled out. The men who smuggled him out of the country to protect him risked their lives. For years he didn't know and yet he told people why. They were willing to risk their lives for someone they didn't know. And psychological treatment after many, many years he understood. His master told him a sentence he said. And that's really the dramatic point that he really woke up to understand. Many times we talk even in the context of our lives today about where God is. You know so many things in the world so many hard things you really experience. And how can you see and see that marriage is perhaps the most difficult event ever. All the horrors were good. You're good to see how well you've grown from such difficult events. So it's amazing to see this story of his really happen. Really with a background like that I don't think they're too much of an investor. With a story like this and its continuation no less amazing as well. He moved to the United States. He was a weak immigrant. A Jew who suffered a lot of beatings at school. He also taught himself about days. He also specialized in hypnosis. But he's at first before that he's trained to be strong in a sideways way. He was a whore, he became a sportsman. He managed to achieve incredible achievements mainly thanks to his willpower. But what interests his listeners is maybe his career as an investor. He wasn't a good student. They didn't think he would succeed. Even after his parents thought he wouldn't make it. And he didn't even go to college and he just... Become a sportsman. He's a valuable investor he's read and read by all investors. There's an interesting story about how he became a valuable investor. I really agree with you about the power of will and this is actually the story I think is the most amazing of it. This is the last investor that William Green signed his book with. I think I'll call him again. No, no, no, not at all. That's it. Well, whatever. We'll talk about it at the end of the book. But he's done with him and he's the last investor. He thinks he's the best. He loved him the most and he loved this and another second we're still waiting for him. But the real point is that he really came from nowhere. A boy who grew up in Auschwitz was almost murdered left his family now think of his parents as parents who also survived Auschwitz we know stories. On the one hand his father was very very difficult and on the other hand his mother was probably a merchant. He tells a great story. He says. He was depressed one day when he came home from school. He must have been a really bad student. And he didn't pass the exams and he won't get into college and everybody went to college and he didn't pass. And then he was depressed and his mom told him why you were depressed. And he said that I never went to college and I never had money. I say I think you should ask your teachers how much they earn, Because all the teachers who told you that stuff they don't make money. Your father is a very wise man who knows how to make money, and the one who knows how to make money is me. Who knows how to make money who knows how to buy cheap and sell high that's all. Even in Switzerland I would sell things, and if you want to and believe, you will succeed. Now, his parents were very, very tough, and he had money, his dad was a bar mitzvah, He said, if you're now an adult, I'll take care of you and your house, all the while you take care of yourself. And he worked hard, and he would fight for every penny and dollar, and that's what made him succeed in the end. Another very familiar story he told about his mother in Auschwitz, who had some disease, I don't remember which, I think he's sick, and whoever's infected with it isolated him, so he wouldn't be with everyone, and he's pretty much suffering. She had a friend who went there, and they wouldn't let her near them. And she was there, his mother, probably a year ago, And she said, I want to come in, give her food and visit her. And the audience said, "If you come closer, I'll see you in Auschwitz". And she started talking to them and telling them, if this was your friend, wouldn't you want to see him? And she said, "I'm going to be so determined, and every day I'm going to visit her friend". However, they did not kill her, and she succeeded against the guards at Auschwitz. Now, this friend of hers survived, and he visited her after many, many years, And she told him the story, to her mother, who came to visit her. Now, why is this so important? Because what characterizes him is his determination and adherence to principles. All that made him successful, was his ability to persevere totally against all odds, And go with his principles. Now, his professional story, is a story that I also very much connected to, Because he started with insurance. He started in insurance, and the next day he went to sell insurance. And he understood, from the same story of the woman who introduced him to the psychiatrist, That doing good pays off, after all, and you put emphasis on being good and not on taking care of yourself, So he always wanted to do good to the customers. And somehow it turned out that the products he sold to customers, were the products that made him the least money. And he was very upset about it. And the best part was that... The one who got the best this month was the name, the most profitable products. Then he realized it wasn't for him. And then he made a call to his boss, and he said, "You know that man really fucks with the customers, How can you dismiss that employee this month? And then he said to him, I need to earn a living. And this story, he realized he was in the wrong place. And just then they entered the travel fans. And he went to study the sports fans, and it was 1974. Now let's connect for a moment to his investment world, after we've talked about everything else. Because what happened in 1974, he looked at the market. And I'll share the message with you. Wait a minute. And I'll put here the presentation he gave at the Ivy League, in Canada. Not by Ivy League, by Ivy Business Voice. I'm a financial planner or a flight attendant. We'll put a link in. We'll put a link to all this stuff. And he brings this article, look. This is an article from the magazine Browns, we've talked about it many times, It was published in January 1973. And he says, all the economists, 1973 is the ninety-fifties, we talked about it a lot, The period in which the stock exchange is based. And everyone thinks the market is 100% optimal. We need to stay on the market. No one thought the market could go down. There was a clear consensus that the market should succeed. That's when he started dealing in trusts. And pay attention to what happened. In 1974, the SNP broke up dramatically. 48 percent in how long? From January 1973 to October 1974. That's a 50 percent drop in a year and a half. Now, fellas, notice what a crisis this is. In 1979, five years after the bottom. No more to C. That was before the crisis. I don't think they're people capable of imagining that. What happens in a situation where the break lasts five years until he reaches C? The money you made last night is losing another 10 percent. After you've been in prison five years. It's very hard to catch this thing. So think about what this is. And he started working at that time. And it did him good. Because what he noticed as a person who sells to travel fans. He sells trust funds. I'm sure the trust funds worked better in this period. There were people who worked in the world of value investing. And of course he was very connected with his mother. All the time I told him, buy cheap, sell high. And he's very interested in me. And there he developed his worldview about investing. Just a short story about the way the glacier never stopped. While he was studying, I remembered that I was preparing for the break. You look like you're holding your breath. He was so busy learning. By the way, he went through a personal crisis. And he married a Goya. And finally she left him for another man. And he's very very angry. He's the master of this language. Really depressed. By the way, I'm just an investment banker. He also says the key that takes out depression, He would have released the anger both towards her and towards the Nazis. Somehow he's working on it with the same psychologist. But the story is, By the time he's found the second chapter, apparently, the rebound. He was just then, Build his business. No, part two, part two. Uh, guys, you're talking about the story. Yes, my friends. He was busy learning the theory of value investing. It's someone who went out with her, He invited him, said to him, Come, I want to cook you dinner. And he said, "No, I can't, I have to study today". Yeah, and he doesn't go to university, He learns, teaches himself. So she laughs at him and says, Stop, stop acting like a monk. So, he was so immersed in it. I think the point is that you bring the most critical point in the story. And I want to talk about it for a second. Because if there's anything you should take away from this, it's this. You don't have to be a monk, do you? Because we say here are nuns, They don't say here or here. First of all, I don't need to. Everyone can choose. Whoever wants to be a monk, please, we'll go. That's not the point. The point is to learn to learn. We talked about it seven weeks ago, if you remember. I don't remember, actually. But she said, "Boy, what are you studying?" Are you studying for the exam? Are you studying for a certain license? She didn't understand why he was studying. Why is a person not in the learning framework? And he says, I'm learning to know. to understand. And that's when I connected to him. We live in a world where people go to university And studying to pass the exam, And learn to advance in the work. And it brings very, very basic knowledge. We talked about exactly one thing and there is a sentence that I think he also brought I don't know who says don't let your education get in the way of your something like what you stand at school will not interfere with you to real learning don't let your education or your personal improvement that is exactly the thing he learned because he wanted to understand the essence of things And that in my eyes is the key to success once someone is totally focused on their desire to succeed and that's what they realize that's what they want to do. His father when he started working he goes to college he told him now you have to work pay rent rent rent 15 dollars a month his allowance was 15 dollars a month yes he came to his father after two weeks he told him I only have 29 he told him I don't care you have to pay 30 and he left home because of that and went to find work He has a story that he used to sell flowers at the crossroads in Hayescould and he was fighting to get the best corners and one day he was standing in the rain and the next day in the rain and then someone came and bought all the flowers and took him home and he said wow I didn't know there was such a good heart but he realized he wanted and he learned and he was determined and he went out and opened his own independent business in this field and maybe we'll run a little ahead because we only talked about the difficulties It touched on what he did in the professional content of the investments but he succeeded he succeeded at the level we do not have accurate data because he does not run an open fund he is a consultant he seems to work with specific families in my opinion in the channel in the funds and in general what to invest and what not but from the book of William Green he gives his name rating in the book called And they named him one of the 99 greatest investors in the world. He averaged 14.2% over 38 years. William says he set himself a target of 15% per year. I mean he became a very stable man who is probably worth hundreds of millions of dollars and very successful and happy and good hearted with a family that at 84 jumps on the trampoline and does things and contributes $350,000 at Austin Texas in the '70s. Yeah, so he was very successful. And what did that do is he's very focused. And study this and everything you said the subject of hypnosis is a writer named James Allen who is his fan and wrote it and distributed his books to many people and says you all the time need to program your subconscious and give yourself a kind of auto he says I every morning get up and say to myself Every day And really very moving and really amazing success story tell us a little bit about what he invests in and what brought him this success I wanted to bring someone in first but what I know is not from the investor we did not find his credits and all and we will try to bring also his name that is more and talk about some orders that do not exist but in general he does something quite simple that I still think that reminds the early language and the style of Benjamin also he is looking for companies that can offer discounts at least 50% to the economic market as he thinks it He holds them and when it comes to what he values as 80% of the economic market he sells them which means he doesn't look for 100% but unlike other investors he does notice the opportunities that are around him for example he said For example, the investment in a mortgage is similar to this one. It's like a debt-backed mortgage. So the face of the mortgage you get on the exam. I mean his antiques is his greatest achievement. It's like I said in my opinion he never had a year that came antiques that his antiques fell more than 15% and I don 't know how he achieved it in very simple times probably it's because he is a great keeper of the antique even in times He also said once if I find only a certain number of guides that serve purchase at prices he demands then it is better just not to buy anything you understand us here the quote of, we can explore a little bit of really has a lot of ideas with him and a lot of things and worth reading and entering and already talking about some guides maybe he has today Let's look at some points from his presentation that we share here for the benefit of the audience. We tried to upload the video. Sometimes it works, sometimes it doesn't. So this is from his presentation at twenty twenty By the way, notice the man he posted that he is a book patient. He talked about that it's really very, very important to buy books because with relatively little effort a person who lived for 70 years wrote a book that gathered all his insights and you can in a few hours of reading get all its content. It's very interesting to me and what he does is look at him every time he comes across an interesting quote he keeps it and categorizes it by topic and he has a database here here he shares it with the people that share it So he really concentrates all the quotes and whenever he wants a topic he goes back to his diary and learns from there very methodically very methodically very informally very devoted And then he looks at it but invests in a point of maximum pessimism and as he said earlier that forty-four people were in total depression and did not invest In '79, he says everyone was depressed after five years and he quotes here Business Week. The database in '79, the man who hadn't recovered from the crash, never returned to the pit of '74, everyone was depressed. You know why everybody was depressed the year I was born. But look what you brought. Look at the way you've been acting since our wedding. Why didn 't I start investing? Why did I wait 30 years? In short, he came and showed that after seven months they arrived in Bhutan in Paris in the nineties and eighties and twenty-two, a situation that was even worse than it was in the seventies and forty-four. And then something small he did in five years form of 15 percent and again when people were at the peak of depression he chose to invest and when people were at the peak of optimism he chose to sell And that's what brought him these crazy shapes and this ability and he looks at this and says look at April 1980 inflation was 13.5 The multiplier of the stock was seven points five profits I think I suppose it was profits in the stock of AS Anti was fifteen dollars and the price was one hundred and six in April 1990 inflation dropped to five points four that is it dropped by sixty percent The multiplier went up by 15 and the profits went down by 48% and the price went up by 13 that is, notice how inflation affects the property price and what the correlation between them is he says look when we are in low inflation notice he refers to five points four as low inflation today we are at two points four and the market is down At five point four he says you'll see the price of the same stock much more expensive whereas at three point five they're much more whores super interesting and he shows in depth and you can get into it on the return on profitability and timing of investments and how to go against he also gives a lecture by the way his amazing lecture that women also give his own at Google he tells the whole story He says how he comes to situations where he sees oil as an opportunity, situations where he sees gold as an opportunity. He just acts like a real merchant who tries to find good companies, good assets, good forgiveness, at a good price, buy them well and sell them better. What they do doesn't matter he's a day trader he's a level trader he makes changes in the file but he doesn't make changes. His file is what allowed us to be here but daily what has been. I saw him exposed to this industry and I think he's the biggest of the last ones that makes people talk about this a lot. This insurance industry and recently there's been a discovery that her neighbors over there in North Carolina and Florida have. The hurricane hit this country and it looks like all the times before the hurricane the management of different insurance companies dropped a lot and finally it seems to me that the storm was less bad something important it hit a little but we found Wunderberg is in several insurance companies can two and we also hold interesting maybe look at one insurance company. We also love our insurance company. I'm a real player in this company. That's what interests me about this company. I've had it for many years. Unlike others, the insurance company's floating money is also not invested clearly but a relatively large part of it is invested. Both in a quiz and similar to the perfect request and another insurance company dance that I talked about at one of the meetings that I heard that I heard. I still don't invest in an American insurance company called Avris Group that's also priced. The prices are very low today because the storm has also dropped and it's interesting we're looking at here in the article of Yaor that you sent me that he from when you see his date? This year he's showing us his holdings. Let's see. He holds more and better 56% and all kinds of little things. 7% in the case of 6% in the case of 5% in the case of energy oil gold sports physical gold trust. I also do a lecture that you didn't tell me I sent you and I also share the dear listeners with an unknown Canadian guy who I heard I was in Cyprus who actually came to me who talked about the local stock exchange and he told me he was Jewish not guard etc. But he was talking about the All State Insurance Company, which is a very popular insurance company in a lecture. It's progressive, like the big insurance companies out there, mostly car insurance. But also a company with a great bottom line. Barca's insurance has the advantage of being a huge company and their competitors are progressive even though they are a few steps ahead of them in everything related to car insurance so also our state audiences should read it and I will send a lecture from the Canadian investor who is also a wise and warm Jew that our audiences will read along with the really expensive Wunderberg. A lot of pro-life investors and a lot of smart and talented but when you hear him talk you know when I met the first one this is another recommendation for investment managers who want to go his way and do things alone I in 2016 it cost not a few shekels but it was worth every shekel I registered online in the course of the axis project this project for investment managers in your way that a guy named Mikhalovich does I will send a link to whoever wants remember my mother There was no mother here who would be healthy and no father and I didn't have money to pay up to $2,000 a penny but I realized it was something worth investing in and my mother gave me the money and it was just sitting at home in Tel Aviv and I remember listening to lectures from all kinds of investment managers that we met on this project The smartest and the most poetic but I think the emotional connection both with his background also with his ability to endure and his ability to get out of a week I also met a guy from my college who also he filled us life is a hard time and a hard time but his ability to get out of it I think that his inspirational story is the fact that the story that started so hard really so hard he managed to turn it into something good and what is good is not only the invitations he made it is also the fact that he is happy You see a man at 84 jumping on a trampoline talking passionately, making a donation, and talking about it as if the most important thing in life is love. He had to endure systematically all the time. It was his ability to cope and endure and persevere. It hardly took him many years to make his business profitable. It is unusually inspiring and in my eyes a bigger story about my love life for it is also worthy of my love There's a quote I'm trying to see where I can find it. Here's one I'll share. And the quote he's quoting in his presentation sums it all up. There is a book he talks about a lot I haven 't read it called A book I didn't read a hundred years ago. He writes Now that I'm in my way summarizing his thing what it actually means many times we as humans avoid black people If there is something that hurts us we want to avoid it if there is something complicated we will look for easy ways to find shortcuts We avoid suffering and seek what is good is human nature but he comes and says don't seek suffering this is my interpretation but if already suffering is called that way You must beat him and beat him and beat him until you learn not to break not to give up to the temptation persevere as long as you can until you accumulate knowledge and experience and see how much he endured Friends is not that okay he has spent a few years hard as a child he started in Auschwitz he has spent years hard as a child in Los Angeles without money he failed in school all his friends went to college and he didn't go and he was depressed His father almost threw him out of the house and he had to start over. He was working and didn 't make any money. He started over and started a business and his wife left him for someone else and he Always and always and always against everything and finally succeeded in becoming the giant and today someone we talk about and write about people take us the hour it reminds me you've seen the series Vikings And there's the character there's Ragnar Lothbrok who's the great mythological man that everyone admires and the king and there's his brother Rollo who's his enemy and he's always getting frustrated and I'm not there and he's going through terrible suffering because he's buying from his brother all the time And one day he goes to have one such prophet one who seems to see the future and I tell him why the gods abuse me why I only get living things and brothers only get good things and this prophet bursts out laughing and I tell him if you knew what the gods have planned for you you would be running naked now on the beach and happy and some days his brother is going through all kinds of very very big difficulties and he becomes King more or less in France and a great rich and in fact experienced much greater success much greater I think that's exactly the thing this story to know that no matter how difficult Go through life what's important is the endurance and what you'll get in the end And maybe another quote I remembered not saying he was talking about because of his principles because he stuck to 50% below price and 80% sold and if there are no opportunities he sits on cash that came the great crisis of the 1980s and 1970s right 20% drop in a day He was hardly on the market. He was happy. He slept well at night. And this is in my eyes a truly inspiring and beautiful example of a story. I want to send a message here in this forum: We both met him and we won't get into the details of the year he passed but he lives in the Far South. And I got to physically strip him before Christmas. And a most impressive man and listen to the podcast And I just wanted to say in her handwriting If you can hear us, we are here. Our heart is with you too. And there will be more beautiful days for all of us And I see that we're actually kind of neighbors too. Good at all. I was thinking about what you said. Do you have any words to conclude with Vanderberg or do you want to arrive No, I'm ready to recommend. Give us a suggestion. Now, by the way, I'm going to be healthy. And all of me Before we ate Something I happened to hear. Much here speaks of a healthy lifestyle and all What I've learned over the years The whole family of the fruit I'm glad I'm here. I have a mouth on the table. It's so expensive here I hate it in the States. I can bring you rates. But I understood exactly I'm not a morpho. But that's all right. This whole family of fruit trees It's very very healthy. Of course as much as possible natural So I wish for all of us I recommend the heat. To all the kids that are like that. In every package like this There's a lot of money here. We'll get it in a second. And I know how healthy it is It's their own fault. Marsh it in batches. I was just a kid. Use it in bicycle trips. But when you do now In all this It's still expensive but yes eat it It's like a train. It's a little cheaper in my opinion. And again very very healthy This is my advice. I'll give you a tip in another direction. On the day Exactly a week ago. It was the seventh of October. And not far from us There is a house and a car. The seventh of October. That was very exciting. Very exciting. Bring it in. The soldier Live here in the area And on the seventh of October Leave everything and go Israel to fight And stayed a few good months in Israel to fight In the middle of it. Leave the business. Left alone And in truth, it's his story. From the fight and what he has gone through Things were very exciting. It's the book. How they didn't have flights back to Earth And Jeff Kay We actually arranged for them to have a waiting room Because they've been sitting in the field all day Until they found flights. And bring them food and talk And he said to them, " Stand up. In the name of God. Not one, not two. And do the following: Who is it? On the soldiers - What? Every time a soldier came who wanted to buy tickets And someone came and paid him for the ticket And apparently dozens or hundreds of soldiers That paid her And the people who have pocketed hundreds of thousands of dollars So that soldiers won't have to pay When they fly back to fight But it really was I don't think we appreciate it. As Jews and as Israelis What we have as a people Because this ability Being in the middle of nowhere It's where I am. And 20 minutes drive There is a Beit HaBad and there are people who run a community And people from all over the area came And suddenly you know me And he connects you and this is Israeli and he is from there And what do you need and what do I have here beside you And suddenly immediately connections and community That everyone wants right away Help each other and support each other It is. You know very well. Warms the heart and is not understandable I don't think other people have it. The fact that I suddenly talk and say Listen to this. You can buy it there. And if you lack children here you can And always concerned and supportive It's something that's unusually impressive. So respectful to the house. I think they're doing a great job. And I live here. We are, however, after the Day of Atonement. Once upon a time we didn't plan on talking about a big game. You told me not to link to me And last week I said something In connection with the And then I said something I didn't mean. So I ask you to contain it. If anyone heard and hinted In some way that is very important We're doing some religious stuff. I'm like you by the way. I said here, sorry. In the tower of the temple of the temple of the god You are more than blessed by them. And if someone says that, I understand that his words hurt. I apologize even after the anniversary Can I ask for your forgiveness? I will Have a merry Christmas You too, friends. We'll be safe and sound on Christmas Day. And we won't have such bad news Like we had yesterday. - I'm going to be a coach. And we'll meet after supper. We'll take some time off to rest. And after that we have a very interesting episode. We've already started working on it. So really we know days are quiet Happy Christmas Happy Christmas. Thank you.