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Going After What's Yours w/ Kneeland Youngblood · Money And Wealth With John Hope Bryant

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Speaker 1: Welcome the Money in Wealth with John Hobryant, a production
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Speaker 1: of the Black Effect Podcast Network and iHeartRadio.
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Speaker 2: Hey, Hey, this.
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Speaker 1: Is John Hope Bryant and this is Money and Wealth
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Speaker 1: podcast series on iHeartRadio and Black Effect Network. I want
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Speaker 1: to thank everybody, first.
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Speaker 3: Of all, for making this.
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Speaker 1: Season a top season for the podcast. We are top forty,
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Speaker 1: top fifty on the outside on entrepreneurship for Apple, top
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Speaker 1: one hundred and fifty for business. This is our time
0:41
Speaker 1: and our message is time for everybody to come up
0:44
Speaker 1: from nothing. And it's appropriate because my new book is
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Speaker 1: going to be Capitalism for All in twenty twenty six,
0:52
Speaker 1: so watch out for that.
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Speaker 2: And really, the.
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Speaker 1: Guest today is not only emblematic of what I mean
1:01
Speaker 1: when I talk about up from Nothing, which was my
1:06
Speaker 1: second to last book, or talk about financial literacy for
1:09
Speaker 1: all as a foundational civil rights issue. My last book
1:14
Speaker 1: our Capitalism for All, Inclusive Economics in Future Proofing America,
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Speaker 1: my future book. I could have written these books about him.
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Speaker 1: Just a really decent, honest, brilliant leader who happens to
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Speaker 1: have figured out money and finance and wealth creation, who
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Speaker 1: happens to be black. I'm talking about none other than
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Speaker 1: Kneel and Youngblood. Now that may not be a household
1:47
Speaker 1: name to you, that's just fine for him, I might add,
1:52
Speaker 1: he's happy to flow under the radar, useful to him
2:00
Speaker 1: for most of his life, probably because somebody would have
2:03
Speaker 1: tried to stop him. We're going to unpack during this
2:09
Speaker 1: podcast our private equity. We're going to spend several podcasts
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Speaker 1: episodes unpacking different types of private equity. We've got some
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Speaker 1: real stars coming up and some real surprises coming up
2:26
Speaker 1: that I think will please you as we begin to
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Speaker 1: really unpack this area that's been hidden from most of
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Speaker 1: people who want to strive. But to talk to a
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Speaker 1: man who created his own company, who founded Pharaoh's Capital
2:47
Speaker 1: in the nineteen nineties, really in the backdrop of a
2:51
Speaker 1: guy who getting a lot of attention back then, which
2:53
Speaker 1: was Reginald Lewis, and Reginald Lewis, who was really the
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Speaker 1: Martin of the King of Wall Street in many ways
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Speaker 1: in the eighties, created billion dollar acquisition backed by this
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Speaker 1: really another guy who also supported Neilan Youngbird young Blood,
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Speaker 1: which is a friend of ours, Michael Milken.
3:11
Speaker 2: But because of the prominence.
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Speaker 1: Of a guy named Reginald Lewis, you might have missed
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Speaker 1: the story of Niel and Youngblood again, which is fine
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Speaker 1: with him. But I'm gonna tell you a story because
3:22
Speaker 1: this inspiration should be to you. Let me start with
3:25
Speaker 1: the end in mind. By the way, he manages over
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Speaker 1: a billion dollars in assets. I don't mean Mexican pesos.
3:33
Speaker 1: I'm not talking about Russian rubles. I'm talking about I'm
3:39
Speaker 1: talking about a billion dollars of US currency assets in
3:45
Speaker 1: the biggest economy in the world. He founded this in
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Speaker 1: the late nineteen nineties, has grown it into a prominent
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Speaker 1: private equity firm with a substantial footprint. He has invested
4:01
Speaker 1: his best I can tell in fifty eight portfolio companies.
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Speaker 1: He has over a billion dollars in assets, probably more
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Speaker 1: than that. He don't want you in his business. He
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Speaker 1: specializes in middle market healthcare companies, focusing on growth acquisitions
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Speaker 1: recapitalizations of companies that aim to lower costs, improve outcomes,
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Speaker 1: and expand access to care, often in underserved areas. You know,
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Speaker 1: he's my guy talking about good capitalism. Beyond the row numbers.
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Speaker 1: PHIOHS has institutional reach and legitimacy, with young Blood personally
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Speaker 1: serving on boards of major public and private companies. Over
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Speaker 1: the years, from hospitality to pharmaceutical and holding appointments under
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Speaker 1: multiple US presidents from both parties at state and federal institutions.
4:51
Speaker 1: I thought I was the only person who served both parties.
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Speaker 1: But again, I'm not surprised that Nielan pioneered that before
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Speaker 1: I did, not some small boutique outfit.
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Speaker 3: He is.
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Speaker 1: Firals, under Neeland's leadership, is a mature, institutional scale private
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Speaker 1: equity firm with broad influence, capital and a track record
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Speaker 1: a building and scaling companies, especially in healthcare. Now personal note,
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Speaker 1: I met him through my wife.
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Speaker 2: We were at a Milkin conference. I didn't know who
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Speaker 2: he was.
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Speaker 1: Alice saw was his cool dress dude walking around, smooth
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Speaker 1: as butter, and he was spending too much time with
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Speaker 1: my wife. He was talking to her about whatever she
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Speaker 1: was talking about. I don't know what his goode is
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Speaker 1: to dude is he was too smooth for me, and
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Speaker 1: my wife says to me later, Oh, Neiland, we were
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Speaker 1: at an event and there was no seats and he
5:47
Speaker 1: gave his seat to me.
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Speaker 2: I said, lot tid, I'm.
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Speaker 1: Sort of tired of as Neeland young blood dude. Let
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Speaker 1: me go talk to him and on a serious note.
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Speaker 1: I couldn't have been I couldn't have wanted anybody to
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Speaker 1: be to have my wife in their care better than
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Speaker 1: Knel and young Blood. He was just being gracious and
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Speaker 1: kind and respectful as he was raised that way. And
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Speaker 1: he operates some Texas by the way, so he has
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Speaker 1: that Southern charm. So on a serious note, he really
6:13
Speaker 1: is just good people. My wife shake for read spirits
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Speaker 1: very well and really just came back affusing about this
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Speaker 1: guy NonStop.
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Speaker 3: I had to.
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Speaker 1: I wondered whether she he was saying, paying her a
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Speaker 1: pr retainer or something. She was just going on and
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Speaker 1: on about Neeland, and so I knew I had to
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Speaker 1: meet him. And of course when I met him, it
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Speaker 1: did nothing but confirm that he was all that.
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Speaker 3: She made him out to be.
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Speaker 1: Let me add a personal note here in addition to
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Speaker 1: the war he recently got at the Milk and conference
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Speaker 1: committing him Neeland is a bad brother because and hopefully
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Speaker 1: we cover this, he sued some folks in uh in
6:52
Speaker 1: Texas I think it was, and again hopefully he talks
6:55
Speaker 1: about this. This is this is a gangster lawsuit. This
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Speaker 1: was what even the Wall Street Journal said. He dropped
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Speaker 1: the mic and it's tied to his legacy, tied to
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Speaker 1: his family, and laying their own tied to some oil whale.
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Speaker 3: This guy should be a movie, a documentary.
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Speaker 2: Ladies and gentlemen.
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Speaker 4: Neilan Youngblood, Well, thank you John for that very gracious introduction,
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Speaker 4: and certainly your better half, your lovely wife. I really
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Speaker 4: appreciate the fact that you know she was able to
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Speaker 4: facilitate our introduction. And again it speaks to you and
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Speaker 4: your character having someone as extraordinary like that.
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Speaker 3: As a partner in your life. And so my compliments
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Speaker 3: to you and what you've done in terms of building
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Speaker 3: the firm that you've built, the legacy you've built in
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Speaker 3: terms of you're not for profit work, and the leadership
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Speaker 3: you've shown not just at Milkin, but you know across
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Speaker 3: multiple vehicles and and thattorization of you as as one
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Speaker 3: of our premier leaders is well deserved. So thank you.
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Speaker 3: I'm honored to be here, honored to have you, Niland.
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Speaker 1: And it's this, this should be obvious, but we got
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Speaker 1: to start doing this more. Two straight black men need
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Speaker 1: to more often say I love you brother, I'm.
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Speaker 3: Loud, love you proud.
8:22
Speaker 1: I got to say that more and more often to
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Speaker 1: each other and spend times commending and highlighting each other
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Speaker 1: and holding each other up. You also are a doctor,
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Speaker 1: as I understand, is doctor Neelan Youngblood?
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Speaker 3: Right?
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Speaker 1: Yes, what a story, my god, let's back us up.
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Speaker 1: Tell us how this all happened?
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Speaker 3: Man? Yeah? Well you know. Well, first off, just to
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Speaker 3: give you some some contexts, I've been very blessed to
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Speaker 3: have as as you know, wonderful parents. Both my parents
8:56
Speaker 3: finished high school at fifteen, college of nineteen. Both went
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Speaker 3: to graduate school. My grandfather, both my grandfather s finished
9:03
Speaker 3: college in the nineteen twenties. My grandfather finished medical schools
9:06
Speaker 3: in nineteen thirty. Wow. He went to medical school because
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Speaker 3: his uncle, his father's brother, wasn't emt. This was in Texas.
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Speaker 2: Wow, in Texas.
9:16
Speaker 3: So what I like to say is I have no excuse.
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Speaker 3: I have no excuse. And so look, even though you
9:25
Speaker 3: know my parents were quite educated. You know, I had
9:28
Speaker 3: four brothers, two sisters. We weren't particularly well off because
9:31
Speaker 3: there was a lot of mouths to feed. And my father,
9:34
Speaker 3: to his credit, and I was able to see not
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Speaker 3: only through his words, but more importantly through his example.
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Speaker 3: Both my parents their work ethic and they're focused on education.
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Speaker 3: So my father was an optometrist. He worked kind of
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Speaker 3: nine to five, but he waited tables from six to ten,
9:50
Speaker 3: six days a week. Wow. And because he had to
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Speaker 3: provide for, you know, these seven kids. And one of
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Speaker 3: the things he taught me early on and my siblings
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Speaker 3: as well as never let money get in the way
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Speaker 3: of your success. He said, he said, look, you just do.
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Speaker 3: Because I was worried about college and how they're going
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Speaker 3: to pay for it. He said, look, you just take
10:13
Speaker 3: care of your business. We will figure out how to
10:16
Speaker 3: pay for it. You do what you have to do,
10:19
Speaker 3: and I promise you we'll be there for you. So
10:22
Speaker 3: and that ethos really has stuck with me in that,
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Speaker 3: you know, do your best, do your job, and then
10:30
Speaker 3: we'll figure the rest of it out. So so anyway,
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Speaker 3: I you know, coming from Glena Park, Texas, I had
10:38
Speaker 3: had wonderful experiences. Fourteen, I got to skip part of
10:41
Speaker 3: a year of school work in Texas legislature. So that
10:43
Speaker 3: exposed me to politics. Never been out of Texas, was
10:47
Speaker 3: an extinct Sumit de Greece. So I go to Greece.
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Speaker 3: My friends are anarchist, communists, left right hate the United States.
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Speaker 3: I was, like, I thought everybody loved America, what was it?
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Speaker 3: And they said no, apparently to see I ate orth
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Speaker 3: on the government Greece put in a military dictatorship. So
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Speaker 3: all my friends were hating on America, but all trying
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Speaker 3: to get a green cart to get to.
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Speaker 2: America because of opportunity.
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Speaker 3: Whoa And I was like, what's up with that? And
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Speaker 3: it was like, it's a land of opportunity, man, we
11:13
Speaker 3: want to be there. And that insight was so fundamental
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Speaker 3: to me because for most black folks in America, if
11:21
Speaker 3: you're coming over on a boat from Vietnam, but tata
11:24
Speaker 3: famine in Ireland, you you know, you get to the US,
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Speaker 3: things are challenging and tough, but they have a frame
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Speaker 3: of reference. But blacks in America don't have a frame
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Speaker 3: of reference because of slavery. And so this was my
11:39
Speaker 3: moment of clarity that they call fiction to say America
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Speaker 3: is a land of opportunity. I need to take full
11:47
Speaker 3: advantage of it. So came back, finished high school, went
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Speaker 3: to Princeton. You know, all I knew was doctor, lawyer, teacher, preacher.
11:55
Speaker 3: I didn't know anything about business. I didn't know anything
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Speaker 3: about finance. And while I wasn't going to teach and
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Speaker 3: preach medicine law the only two things I thought of,
12:03
Speaker 3: and I spent the first two weeks just interviewing upperclassmen.
12:07
Speaker 3: What courses would you take, what wouldn't you take? What
12:09
Speaker 3: mistakes did you make? How did you get through this?
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Speaker 3: Because I was worried. I knew I could not fail.
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Speaker 3: I couldn't. It was too much on the line, too
12:16
Speaker 3: many people sacrificing for me back home. I had to
12:20
Speaker 3: be successful. So I, you know, took those two weeks
12:25
Speaker 3: and kind of distilled it down. Most people screw up
12:27
Speaker 3: their first two weeks, most people, you know, between girls
12:31
Speaker 3: and drinking and drugs and whatever, you know. You know,
12:34
Speaker 3: I was like, I was locked down for the first
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Speaker 3: two years. And again I took the pre med courses,
12:41
Speaker 3: took the pre law courses, and my junior year, which
12:45
Speaker 3: was my reward, hadn't worked so hard. My first two years,
12:49
Speaker 3: I spent overseas in Europe, semester in Sweden University of Stockholm,
12:53
Speaker 3: semester in the UK at a small college in Oxford, England,
12:56
Speaker 3: looked at the British and Swedish healthier systems, and then
12:59
Speaker 3: traveling over Western and Europe. In Eastern EU York, tiny decide,
13:02
Speaker 3: am I go to medical school? Am I go to
13:04
Speaker 3: law school? Medical school? Law school? And basically I flipped
13:07
Speaker 3: a point and said, okay, medical school here. So I
13:11
Speaker 3: came back to Princeton my senior year, got involved in politics,
13:15
Speaker 3: the anti part that movement was going on. We did
13:18
Speaker 3: sixty five days of protest on the campus and then
13:22
Speaker 3: actually took over the administration building and it sit in
13:26
Speaker 3: at Princeton and NASA Hall and post that, you know,
13:32
Speaker 3: arrest and what have you? Graduated and came to medical school.
13:37
Speaker 3: And I came home to the University of Texas, the
13:39
Speaker 3: University of Texas UT Southwestern, and I loved it. I thought, wow,
13:43
Speaker 3: you know I would be a heart surgeon. And I
13:47
Speaker 3: called one of the prince and a lums and I said,
13:50
Speaker 3: doctor urschel T, doctor held Erschoo was heart surgeon in Dallas.
13:53
Speaker 3: And I said, they ought to be a heart surgeon
13:56
Speaker 3: like you. And he said and I said, can I
13:59
Speaker 3: come and see you? He said, yes, you can come
14:02
Speaker 3: by and see me, but you have to go see
14:03
Speaker 3: my former roommate first. That's odd. I said, well where's
14:08
Speaker 3: he at? He said, he's down in Houston. I'll make
14:10
Speaker 3: arrangements go down and see him first. So I drove
14:13
Speaker 3: down the Houston to see his former roommate, and he
14:17
Speaker 3: was black heart surgeon. Ok. And he was the most
14:21
Speaker 3: extraordinary man I've ever met. His name was doctor John C. Norman.
14:27
Speaker 3: He had come from He was born and raised in Charleston's,
14:33
Speaker 3: West Virginia. He gone Howard of fifteen, transferred to Harvard,
14:39
Speaker 3: finished summa cum laud, turned down the Rhodes scholarship, went
14:43
Speaker 3: to Harvard Medical School in the nineteen fifties. They wouldn't
14:47
Speaker 3: let him trained at the Brigham. He died that Columbia
14:50
Speaker 3: fellowship in the UK, came back on the faculty at Harvard,
14:53
Speaker 3: and then was recruited down to Texas to be the
14:55
Speaker 3: first director of research at the Texas Heart Institute, which
14:59
Speaker 3: is doing more heart surgery place in the world. Wow.
15:01
Speaker 3: And you know it was founded by a guy named
15:05
Speaker 3: Denton Cooley who was very famous, but infamous because he
15:09
Speaker 3: had literally stolen the artificial heart of Michael Debate, stolen
15:13
Speaker 3: in the night and implanted in a patient. So he
15:16
Speaker 3: needed this brother to give him academic credibility. Really needed
15:21
Speaker 3: this brother to give him academic credibility. I met doctor
15:25
Speaker 3: John C. Norman and said, I can't do heart surgery
15:29
Speaker 3: because this brother has done everything there is to do.
15:32
Speaker 3: I did quite literally, yeah, he had done it. I
15:36
Speaker 3: was just he He never moved to Boston, he never
15:39
Speaker 3: moved from Boston. He commuted to Boston, lived in the
15:43
Speaker 3: hospital with a great Dane, and you know, his wife
15:46
Speaker 3: and daughter were still in Boston. And I just said,
15:50
Speaker 3: I want to be as good at something as this
15:52
Speaker 3: guy is. And it was just he was an extraordinary
15:58
Speaker 3: man who became a oneful friend and someone who I
16:02
Speaker 3: dearly loved. And I just said, look again, I want
16:07
Speaker 3: to be as good as something as he is at
16:10
Speaker 3: this And so I knew heart troding wasn't it. So
16:12
Speaker 3: I came back, I wrote a proposal, got funding, and
16:17
Speaker 3: I actually went to the Middle Least. I was early
16:20
Speaker 3: in Egypt. Really yeah, I was an Israeli Jordan, but
16:25
Speaker 3: primarily Egypt. I had apartment on the now Pyramids in
16:27
Speaker 3: the background, and I was going to do research, but
16:30
Speaker 3: really I was going to find myself. I was going
16:32
Speaker 3: to find out who I was and what I was about,
16:36
Speaker 3: because I had this vision of where I was going
16:39
Speaker 3: and recognized I had to pivot. And so, like I said,
16:42
Speaker 3: I would go out to the Sahara Desert. We look
16:44
Speaker 3: at these pyramids, and I would just meditate on hours
16:48
Speaker 3: one end and reflect and essentially say, look, when I'm
16:52
Speaker 3: dying and taking my last breath, what is it I
16:56
Speaker 3: want to define me? Who is that I want to be?
16:59
Speaker 3: Maybe I can reverse engineer to get to that point
17:01
Speaker 3: in the decisions I make moving forward. And I came back.
17:06
Speaker 3: I you know, I'd been exposed to different types of medicine,
17:10
Speaker 3: and I decided the emergency room with something that I
17:13
Speaker 3: really enjoyed. It was fun, it was immediate gratification. It
17:16
Speaker 3: was you know, crisis intervention. But it also from a
17:21
Speaker 3: lifestyle standpoint, you didn't work more than fifteen days out
17:23
Speaker 3: of the month and not more than three days in
17:25
Speaker 3: a row, and to me time to explore some other things.
17:28
Speaker 3: And so I ended up training in surgery in New York,
17:31
Speaker 3: did my residence in emergency medicine in your town, in Atlanta, Atlanta,
17:35
Speaker 3: and in Grady Hospital the Great Ages, and from the
17:39
Speaker 3: hospital here, yes, And then came back to Dallas and
17:42
Speaker 3: practiced for twelve years emergency medicine.
17:45
Speaker 1: WHOA wait a minute, So before you ever built what
17:47
Speaker 1: you have now, you had a whole other career as
17:50
Speaker 1: a research or a doctor an emergency surgeon. My god,
17:54
Speaker 1: so when we're not looking at balance, shees, I can
17:56
Speaker 1: have you do some.
17:56
Speaker 3: Surgery on this yet, but it's been a while, but yeah,
18:00
Speaker 3: no emergency medicine. Was was was what I did before.
18:04
Speaker 3: And I keep one thing as a momento before I left.
18:11
Speaker 3: There was a police officer who a motorcycle police officer
18:14
Speaker 3: who was hit by a truck. Uh, And so he
18:19
Speaker 3: came in the er and you know, he was not intobated,
18:25
Speaker 3: he didn't have a two, he couldn't breathe, and whatever
18:27
Speaker 3: it is, I was able to intubate him, resuscitate him,
18:30
Speaker 3: you know, mean for the audience. Intubate means I was
18:34
Speaker 3: able to put a two into his mouth, down his
18:37
Speaker 3: uh creak heads so that he could breathe because he
18:40
Speaker 3: wasn't able to breathe on his own, which then you know,
18:44
Speaker 3: and also given him an intravenous fluid so he could
18:47
Speaker 3: you know, be rehydrated, et cetera. But he had lots
18:50
Speaker 3: of different injuries, and so was able to then successfully
18:55
Speaker 3: get him off to the operating room where folks could
18:58
Speaker 3: take care of him. I then left the hospital and
19:03
Speaker 3: I got a note back, you know, a week or
19:06
Speaker 3: so later, and from his wife basically saying, doctor Youngblood,
19:13
Speaker 3: when I got to the emergency department, you had already gone.
19:19
Speaker 3: And I understand you the reason my husband is alive today.
19:23
Speaker 3: So I want to thank you. He is, you know,
19:25
Speaker 3: the father of our three kids, eaking in our church,
19:30
Speaker 3: you know, thank you for what you've done for my husband,
19:33
Speaker 3: for our family. God bless you. So that's the one
19:37
Speaker 3: thing I keep from practicing medicine, and it also grounds
19:41
Speaker 3: me in a way because as you're doing business and
19:45
Speaker 3: deals and all of these things, you know, it's important
19:49
Speaker 3: to understand perspective on things, and having practicing medicine for
19:56
Speaker 3: twelve years, it's given me, i think, a a very
20:01
Speaker 3: good perspective among the things that are important in life.
20:05
Speaker 2: Well.
20:05
Speaker 1: And one thing I've gotten from the backstory is something
20:09
Speaker 1: that translates perfectly into wealth creation is discipline. You're very
20:15
Speaker 1: disciplined problems at the beginning and middle and an end.
20:21
Speaker 1: You weren't emotional about decision making, you weren't judgmental. You're
20:25
Speaker 1: able to separate a fact from fiction or useful facts.
20:30
Speaker 1: And for instance, when you're in Greece and people hating
20:33
Speaker 1: on America and calling all the America these bad names
20:37
Speaker 1: and phrases and words, some of which are true. They
20:40
Speaker 1: but then they couldn't wait to get a passport to
20:43
Speaker 1: America because it was a land of opportunity, and you
20:46
Speaker 1: were able to separate the emotions of that from the
20:51
Speaker 1: opportunity of that, and you're like, well, you let me
20:54
Speaker 1: go back to where everybody's trying to get to in
20:58
Speaker 1: spite of its history of slavery and Jim Crow and
21:02
Speaker 1: all these other things. It is the biggest economy in
21:06
Speaker 1: the world. Your ability to laser focus and cut through
21:10
Speaker 1: the mess, as my guests, been one of your advantages
21:16
Speaker 1: nor the noise, as I would like to say, is that.
21:18
Speaker 3: Right, That's actually quite accurate, and it's allowed me to
21:25
Speaker 3: make decisions, very difficult decisions sometimes at the time, you know,
21:31
Speaker 3: when I ended up quitting practicing medicine, and frankly, what
21:35
Speaker 3: led up to my practicing medicine and opportunities that presented itself.
21:41
Speaker 3: You know, I want to say one of the challenges
21:45
Speaker 3: for most people, for many people is the inertia of
21:49
Speaker 3: their success. That is very easy to keep doing what
21:53
Speaker 3: you're doing because you maybe you have a good income.
21:57
Speaker 3: Maybe you know you have credibility, prestige and trappings that
22:04
Speaker 3: are quite comfortable, and so for me, medicine was that.
22:11
Speaker 3: But at the end of the day, I had gotten
22:14
Speaker 3: exposure to experiences which I'm happy to discuss that led
22:19
Speaker 3: me to say, this a whole nother world out here.
22:23
Speaker 3: I need to challenge myself to look into these things.
22:36
Speaker 1: I have a couple of questions for you that are
22:39
Speaker 1: very specific. It already I already know that we could
22:43
Speaker 1: turn this into part one and part two just by
22:46
Speaker 1: listening to you. There's a lot that you have to
22:49
Speaker 1: teach an audience that wants to learn. Let me get
22:53
Speaker 1: the most important things out for those who have limited
22:56
Speaker 1: time and unlimited dreams. You built a billion dollar private
23:02
Speaker 1: equity firm from scratch. Let's say that again slowly. You
23:07
Speaker 1: built a billion dollar plus private equity firm from scratch,
23:12
Speaker 1: without inherited capital, without a Wall Street pedigree, no disrespect intended.
23:19
Speaker 1: What was the first door you had to break down?
23:24
Speaker 1: What were some of the gatekeepers that you experienced, the
23:29
Speaker 1: early barriers, the first LP check, limited partnership check to
23:35
Speaker 1: invest in your dream? How did you navigate exclusion? What
23:42
Speaker 1: can young investors learn from how you earned.
23:50
Speaker 3: What I would say is, first off, I interesting enough.
23:53
Speaker 3: I started getting involved in politics medicine. That was the genesis.
23:59
Speaker 3: I gathered my prints together and said, look, I want
24:02
Speaker 3: to we're all doing well, but let's kind of give
24:05
Speaker 3: back in a different way. And my observations as a
24:08
Speaker 3: fourteen year old having worked in the Texas legislature was
24:11
Speaker 3: that while women and people of color had been involved
24:13
Speaker 3: in politics, they had been involved in grassroots politics primarily
24:18
Speaker 3: not the money side of politics. And again, as explain that,
24:23
Speaker 3: as a fourteen year old, I saw the guys who
24:28
Speaker 3: were and it was primarily guys who had written big checks,
24:32
Speaker 3: who had access to the governor, who had access to
24:34
Speaker 3: legislators in ways to get things done. That while again
24:40
Speaker 3: women and people of color it were doing wonderful grassroots
24:44
Speaker 3: efforts and trying to lobby for this and that and
24:46
Speaker 3: the other. But I didn't see that as effective as
24:52
Speaker 3: what I saw the people who had the capital. Yes,
24:56
Speaker 3: so I, you know, had met Bill Bradley, who was
25:01
Speaker 3: you know, former Prince of a lumb who had been
25:03
Speaker 3: a Rhodes scholar and played in New York knicks won
25:06
Speaker 3: the World championship and he was running for the governor,
25:08
Speaker 3: and he was running for Senate in New Jersey, and
25:10
Speaker 3: I met up joining alumn my organization. I said, come
25:13
Speaker 3: down to Texas, my friends, and I would love to
25:15
Speaker 3: raise some money for you. And you tell a politician
25:18
Speaker 3: you want to raise money for him, they I thought
25:23
Speaker 3: I was doing him a favor, and I thought he
25:25
Speaker 3: was doing me a favor, and when in fact I
25:27
Speaker 3: was doing him a favor. He came down. We raised
25:30
Speaker 3: some money for him, and it was enormously successful, and
25:36
Speaker 3: he became godfather one of my kids. And then guess what.
25:39
Speaker 3: Ann Richards called me said, look, I'm run for governor
25:41
Speaker 3: of Texas. Will you will you help me? I said,
25:43
Speaker 3: you know how to raise money, and so put the
25:45
Speaker 3: band back together raise money for and she became governor.
25:48
Speaker 3: Then another friend of mine, John Rodgers, let's call me
25:53
Speaker 3: who would help me? With Bill Bradley, who'd helped me
25:55
Speaker 3: with Anne Richards, said look, we've got Carol Moseley Brawn
25:58
Speaker 3: in Illinois. She's got a shot. Would you help brought
26:01
Speaker 3: her down to Texas. We raised money for her. I
26:03
Speaker 3: did it with Barbara Jordan, in fact, who I'd worked
26:06
Speaker 3: with when I was a fourteen year old. And then
26:08
Speaker 3: I get a call from Ron Brown.
26:10
Speaker 2: Oh my god, the Ron Brown.
26:12
Speaker 3: Yeah, will you help this Doman Bill Clinton?
26:15
Speaker 1: So Commerce Secretary Ron Brown, first black commerce secretary in
26:18
Speaker 1: the history of the US, I believe, first black man
26:21
Speaker 1: to be chairman of the d n C.
26:22
Speaker 3: I believe absolutely, and one of and one of the
26:26
Speaker 3: most successful, if not the most successful commerce secretaries. Yeah.
26:30
Speaker 3: And a mentor of mine by the way back then,
26:33
Speaker 3: So yep, and so raise money for for Ron. And
26:39
Speaker 3: again I look up Bill Clinton's president, you know, Bill Bradley, Senator,
26:43
Speaker 3: I know Ann Richards, She's got you know, Carol Mosey
26:46
Speaker 3: Brown is you know? And Bill Bradley says something very
26:49
Speaker 3: simple but very profound to me. He says, if the
26:53
Speaker 3: President of the United States walks in the room, what's your ask?
26:56
Speaker 2: Hmm.
26:56
Speaker 3: I was like, what are you talking? I was confused,
27:00
Speaker 3: I said. He said again, if the President of the
27:03
Speaker 3: United States walks in the room, what's your ask? I
27:06
Speaker 3: was like, I don't understand. He said, don't just be
27:09
Speaker 3: happy to be in the room.
27:10
Speaker 2: Who come on, now, don't just be.
27:12
Speaker 3: Happy to be in the room. Don't get distracted with
27:14
Speaker 3: the lights, cameras, all the rest of the noise. If
27:18
Speaker 3: you're in a room with the president, you're there for
27:20
Speaker 3: a reason. They know what they want out of you. You
27:22
Speaker 3: should know what you want out of them.
27:23
Speaker 2: Yeah.
27:25
Speaker 3: I was like, oh wow, okay. So and Richards calls me.
27:30
Speaker 3: She says, I'm Governor. I want to put you on
27:34
Speaker 3: the Board of Medical Examiners. You'll be chairman. And I said, no,
27:37
Speaker 3: I want to be on the Tax Policy Committee. Whoa
27:42
Speaker 3: She said, wait time out. You know me. Know what
27:43
Speaker 3: I'm saying. You're a doctor. I'm making you chairman. You'll
27:45
Speaker 3: be in charge of all the doctors in the state.
27:47
Speaker 3: This is a big deal. And I said, no, I
27:49
Speaker 3: want to be on the tax policy Committee. She says,
27:52
Speaker 3: why on earth would you want to be on the
27:54
Speaker 3: tax policy Committee. I said, because the Tax Policy Committee
27:57
Speaker 3: is composed of CEOs from that's around from this state
28:00
Speaker 3: of Texas. If it's important enough for them, it's important
28:03
Speaker 3: enough for me. And there's no one like me in
28:05
Speaker 3: that room. I want to be in that Wow. So
28:07
Speaker 3: she was like, okay, whatever I you know, I mean
28:11
Speaker 3: years later she said, okay, it was it was brilliant,
28:13
Speaker 3: but you know, so, I'm in the hospital one day
28:16
Speaker 3: nurse hands me the phone talk to you, hum about
28:18
Speaker 3: this guy was talking something about taxes or whatever it is.
28:20
Speaker 3: And you know, I'm I'm a little arrogant. I'm saving
28:22
Speaker 3: lives there the art. Look, I'm busy man, you know,
28:26
Speaker 3: and says, look, you don't know me. And my name
28:28
Speaker 3: is Don Williams. I'm CEO of this company called travel Crow,
28:30
Speaker 3: which is in the real estate business.
28:31
Speaker 2: Oh my god, Crow.
28:32
Speaker 3: Yeah, I'd never heard trump Crow. And I live in Dallas.
28:35
Speaker 3: You live in Dallas. These meetings are in Austin. Why
28:38
Speaker 3: don't we go together? And I was like, sure's you
28:40
Speaker 3: want to drive down Southwest Carolina. He's got his jet.
28:43
Speaker 3: He's like, I got my own jet, so just just
28:45
Speaker 3: me at Signature Aviation. Well we'll be okay. So I
28:48
Speaker 3: get on the private jet and I'm like, forgive me, damn,
28:52
Speaker 3: I'm in the wrong business. I had no idea that
28:57
Speaker 3: world existed. Againt, I'm a doctor. I'm making more money
29:00
Speaker 3: ever thought of making my life. I'm a pill of
29:02
Speaker 3: the community. I'm you know, I'm raising money for politician.
29:07
Speaker 3: You know, I'm I'm I'm I'm thinking, I'm at the peak.
29:09
Speaker 3: And then there's a whole nother world that opens up
29:11
Speaker 3: for me. And so that caused me to really, in
29:16
Speaker 3: that forty five minute flight, I quit medicine. And that
29:21
Speaker 3: really that forty five minutes because all I thought about
29:25
Speaker 3: was my time in Egypt. And you know, it's easy
29:31
Speaker 3: when you aren't confronted with, oh yeah, if I have
29:34
Speaker 3: this decision, I'll do this, I'll do you know, I
29:36
Speaker 3: was going back to Egypt, you know when I die,
29:39
Speaker 3: you know, I want to do that, you know, and
29:41
Speaker 3: then I'll reverse engineer to get to it. But then
29:43
Speaker 3: here was that fork in the road. So what are
29:45
Speaker 3: you prepared to do? And so in that forty five
29:49
Speaker 3: minute flight, I said, okay, I'm done here, I'm done.
29:52
Speaker 3: But how did you get there? And you know, again,
29:56
Speaker 3: you know, I married, I got six kids, I got lots,
30:00
Speaker 3: I have a lot of private school tuitions. I have
30:02
Speaker 3: a high burn rate. In other words, I have you know,
30:05
Speaker 3: I'm spending more than iron. And I say to myself, Okay,
30:10
Speaker 3: I can't afford to go back at an NBA work
30:12
Speaker 3: on Wall Street. I've got to understand money.
30:15
Speaker 1: However, by the way, audience, I want you to rewind
30:19
Speaker 1: what he said for a moment. I want to interrupt him.
30:21
Speaker 1: But he said, even though he was this prominent doctor, surgeon,
30:25
Speaker 1: you know, doing extraordinarily well, or raising money for politicians,
30:28
Speaker 1: living a great life home, all that stuff, he was
30:32
Speaker 1: still had an incredibly high burn rate, which meant that
30:35
Speaker 1: he was making And he said, I'm making more. I'm
30:38
Speaker 1: spending more than I earn. If your outflows, he's your inflow.
30:42
Speaker 1: Your overhead will be your downfall. If you make a dollar,
30:44
Speaker 1: it's been a dollar fifty. The more money made, the
30:47
Speaker 1: broker you get. It doesn't matter whether you're a thirty
30:48
Speaker 1: thousand dollars postal worker or three hundred thousand dollars as
30:53
Speaker 1: a doctor, or three million dollars as an NFL pro.
30:56
Speaker 1: You can still out kick your coverage. So please make
31:00
Speaker 1: sure you're listening to everything he's saying. Of the day
31:03
Speaker 1: you build wealth in your sleep. This is the fundamental
31:06
Speaker 1: premise of financial literacy.
31:09
Speaker 3: Amen, Amen, and again, because as a doctor, you get
31:13
Speaker 3: a mindset, well, I just make more money. It's that
31:15
Speaker 3: you know, I'll do work in the shif I'll do that,
31:16
Speaker 3: you know, because there are always people in the er.
31:19
Speaker 3: You all, you know, and and to your point, look
31:22
Speaker 3: you can and again, I got all these private schools.
31:25
Speaker 3: I got all you know, got house not you know.
31:27
Speaker 3: So I said, look, I can't afford to go back
31:29
Speaker 3: and to get an NBA. I need to figure this out.
31:33
Speaker 3: I then asked the governor, you know, Richard's to appoint
31:36
Speaker 3: me I to the Board of Texas Teachers, which is
31:38
Speaker 3: the pension fund, the largest pool of money in the state.
31:41
Speaker 3: I figured, let me get next to money and I
31:44
Speaker 3: figure it out from there. Yes, and Richards appoints me.
31:47
Speaker 3: CDM promptly loses the election. George W. Bush wins. But
31:51
Speaker 3: George W. Bush is a good friend. He's like, of course,
31:54
Speaker 3: I want you to serve by the way, and a
31:57
Speaker 3: very good man. And so I'm on the board of
31:59
Speaker 3: Texas team for six years. I look at public equities,
32:02
Speaker 3: fixed income, real estate, which I chair, and then alternative
32:06
Speaker 3: investments private equity, and I said, okay, that's what I
32:10
Speaker 3: want to do. And why do I want to do that,
32:12
Speaker 3: because that's where wealth is created.
32:14
Speaker 1: So what he's saying to the audience is because it's
32:16
Speaker 1: going really as quickly.
32:17
Speaker 3: This is so rich.
32:19
Speaker 1: This is actually one of the best podcasts I've done
32:22
Speaker 1: because he's given you so much really relevant information. He's
32:25
Speaker 1: saying that when he served on this committee at Texas Teachers,
32:30
Speaker 1: he went right to the portfolios or areas where he
32:34
Speaker 1: thought there was much as much relevance and residence for
32:38
Speaker 1: both folks he cared about and things he cared for
32:42
Speaker 1: and something he might be interested in in the future.
32:45
Speaker 1: So he was basically getting an education from his assignment
32:50
Speaker 1: as he was doing this job.
32:51
Speaker 3: Back to you, absolutely, so, I said, you know, private
32:55
Speaker 3: equity is what I want to do. How do I
32:58
Speaker 3: get there? How do I get there? I said, I
33:00
Speaker 3: needed great mentors, people who could advise me. I needed
33:04
Speaker 3: credibility outside of medicine, because I didn't want people to
33:07
Speaker 3: just think to me as a doctor and put me
33:08
Speaker 3: in that box. And I needed a great team. And
33:12
Speaker 3: so on the mentorship side. As I read about finance,
33:16
Speaker 3: you know, I started reading about finance and Wall Street Journal,
33:18
Speaker 3: et cetera. It was a name in Texas. I got
33:20
Speaker 3: the name of Richard Rainwater and kept coming up. This
33:23
Speaker 3: got Richard Rainwater came out of the bass fan Who
33:26
Speaker 3: is he? You know? And as I read more and
33:28
Speaker 3: more about him, you know.
33:30
Speaker 2: Ask family is a big investment family in Texas.
33:32
Speaker 3: By the way, without a doubt in Fort Worth, and
33:34
Speaker 3: so I just I live in Dallas. I happened to
33:36
Speaker 3: be at a big event in Dallas at the Anatole
33:39
Speaker 3: Hotel and and I saw Richard Rainwored at this thousand
33:45
Speaker 3: person event. And I just ran up to him and said,
33:48
Speaker 3: mister Rainwater, I'm gonna be like you. And I grew up.
33:51
Speaker 3: And he said, come bin and see me. Well, just
33:53
Speaker 3: just come bin and see me, okay. Uh. And you
33:58
Speaker 3: know it took a little while. And the point about
34:01
Speaker 3: that is, look, if your mentors can be anyone who
34:05
Speaker 3: it doesn't you know, if.
34:07
Speaker 2: You're a grown man. When you said I'm an old.
34:09
Speaker 3: Man, I'm a practicing medicine, I got to sick to this.
34:11
Speaker 1: You know, you're a surgeon. You just let your ego
34:15
Speaker 1: get in the way. I'm too old to have a mentor. Crazy,
34:18
Speaker 1: that's ridiculous. I still I have a mentor. Mentors right
34:21
Speaker 1: now absolutely always learn.
34:23
Speaker 3: Yes. So I made my way to Fort Worth. I
34:26
Speaker 3: met Richard Rainwater, and he really kind of opened the
34:29
Speaker 3: world up to me. He introduced me to people. He
34:32
Speaker 3: had a gentleman by the name of Ken Hirsch, who
34:37
Speaker 3: is a billionaire in his own right at the time,
34:40
Speaker 3: showed me my first business plan. This is this, this
34:43
Speaker 3: is that John Goff who was his account John is
34:45
Speaker 3: now billionaire as well. He's howns crusting real estate equities.
34:48
Speaker 3: But Richard just made me believe this is something I
34:51
Speaker 3: could do. He gave me confidence because I felt like,
34:54
Speaker 3: if this man is spending the time with me he
34:57
Speaker 3: saw something in me, then maybe I didn't even see myself. Wow.
35:01
Speaker 3: And so next was a guy named David Bonderman who
35:05
Speaker 3: found their firm called TPG. And and David again I
35:10
Speaker 3: met through a mutual friend because I told his friend again,
35:13
Speaker 3: I'm on the bord of Texas teachers. So I met
35:16
Speaker 3: a fellow trustee and these guys in private equity, they
35:19
Speaker 3: raised money from pension funds. He said, well, look, you
35:23
Speaker 3: should talk to this guy, David Bonderman. He has a
35:25
Speaker 3: firm called TPG and he might be a good person
35:28
Speaker 3: to talk to you. So I went to Aspen, California
35:31
Speaker 3: to meet David Bonderman. And this guy you know again,
35:36
Speaker 3: became a great friend, great mentor no on.
35:39
Speaker 1: You get on the plane with no promises, no promises.
35:42
Speaker 1: You got on a plane with no nothing but your dreams,
35:46
Speaker 1: and you made an investment in yourself to invest your
35:48
Speaker 1: money on plane, ticket, hotel, whatever, rental car and time
35:53
Speaker 1: to go. Pick somebody's brain, not their pocket.
35:56
Speaker 3: Absolutely correct, absolutely, and it ever transformed my life. Became
36:04
Speaker 3: one of my, if not my best friends. And so
36:09
Speaker 3: David again, for those of you who don't know, David
36:13
Speaker 3: Bonderman was from California, went to University of Washington, went
36:20
Speaker 3: to Harvard Law School, was an Islamic scholar. Was an
36:23
Speaker 3: Islamic scholar, traveled all over Africa in the nineteen sixties,
36:30
Speaker 3: the bathroom War, hitch hiking, you know, all them, all
36:34
Speaker 3: over Africa, and said, you know, one day, you know,
36:37
Speaker 3: if I make it, I want to come back here
36:39
Speaker 3: and really invest. And so David came back. Was a
36:45
Speaker 3: It was at two Lane Law School, he did not
36:48
Speaker 3: get tenured, then ended up at the Justice Department and
36:52
Speaker 3: then after that Arnold and Porter, but subsequently worked on
36:56
Speaker 3: a transaction in Fort Worth that was very success wool
37:00
Speaker 3: And as a lawyer, as in a non profit capacity,
37:04
Speaker 3: and the Bass family hired him to run their family office.
37:08
Speaker 1: And he said the office will get into a later day,
37:10
Speaker 1: but essentially a family office is what the mega mega
37:13
Speaker 1: rich used to to curate and coordinate their assets within
37:20
Speaker 1: their family structure. We'll get into the family offices with
37:23
Speaker 1: in another interview, but go ahead.
37:24
Speaker 3: Yeah, but anyway, David became very successful. He then from
37:28
Speaker 3: their bought common Layer Lines out of bankruptcy did ten
37:31
Speaker 3: times as money on time of Layer Lines, j Crew,
37:35
Speaker 3: Airbnb Uber.
37:37
Speaker 1: And this is in this this is my guess is
37:38
Speaker 1: this is in his forties or fifties, right.
37:39
Speaker 3: Right, right right. He didn't start until this his fifties.
37:42
Speaker 1: By the way, audience, you most millionaires don't get there
37:45
Speaker 1: to their late mid to late fifties. So don't feel
37:48
Speaker 1: you're you're twenty five and you somehow you fail to
37:52
Speaker 1: you're thirty five and you're stumbling.
37:54
Speaker 2: You stay at it and stay disciplined.
37:56
Speaker 1: You don't won't get there until your real money, I mean,
37:59
Speaker 1: like not this funny money, real wealth.
38:01
Speaker 2: It sticks and you're mid to late fifties exactly.
38:05
Speaker 3: So David became a great friend, great mentor, and David said, look,
38:07
Speaker 3: I'll invest with you. I'll write you a check, I
38:10
Speaker 3: will invest with And then Mike Milkin became also a
38:14
Speaker 3: friend mentor investor. As you know John Well on the
38:19
Speaker 3: board of the Milking Institute on the board of his foundation,
38:22
Speaker 3: on the board of the Center for Advanced American Dream
38:25
Speaker 3: and again those were great mentors. And then I said, John, look,
38:31
Speaker 3: I want credibility outside of medicine. And I said, credibility
38:35
Speaker 3: outside of medicine. I said, serving on corporate boards would
38:39
Speaker 3: give me credibility. I said, you know, my business card
38:42
Speaker 3: has never said doctor. I said, serving on boards.
38:47
Speaker 2: Your business cards have never said doctor.
38:51
Speaker 3: Why because doctor? I didn't want to rely on that
38:57
Speaker 3: crutch that becomes a crutch to get me in rooms
39:02
Speaker 3: or to it becomes a crutch to not do the work.
39:07
Speaker 3: In other words, I've already made I'm a doctor. No,
39:11
Speaker 3: I need to understand finance. I need to understand the
39:15
Speaker 3: work that I'm doing now, which is separate and independent
39:18
Speaker 3: from what I've done before. So start at the beginning,
39:21
Speaker 3: start at the bottom, and gain credibility, you know, independent
39:25
Speaker 3: of being an EMT.
39:26
Speaker 1: I'm gonna tell the audience something. Just pauss one second.
39:29
Speaker 1: And I've never said to anybody, well, I've never said
39:31
Speaker 1: publicly is what he just said is so incredibly important.
39:34
Speaker 1: And I've got a bunch of titles that folks have
39:37
Speaker 1: given me, royalty and this and that and the other thing.
39:41
Speaker 1: I don't use any of them. My name is John O'Brien.
39:45
Speaker 1: But the reason this is so important is if I
39:47
Speaker 1: meet somebody and if their business card says doctor blank
39:53
Speaker 1: blank blank, Comma, NBA, Comma, blah blah comma, or just
40:00
Speaker 1: name Comma and five titles, I'll meet with them. I'll
40:04
Speaker 1: be gracious. I won't ask them a thing. I won't
40:08
Speaker 1: try to teach him a thing, because the impression is
40:11
Speaker 1: that they really believe that they know it all already.
40:16
Speaker 1: And God give you, I asked Quincy Jones, how'd you
40:18
Speaker 1: get so smart? He I'm just nosy as hell. I
40:20
Speaker 1: want to know everything about everything. God gives you two
40:23
Speaker 1: years in one mouth. Listen twice as much as you talk.
40:25
Speaker 1: I love credentials. I love people having credentials. But you
40:28
Speaker 1: don't have to wear them all on your sleeve. They
40:31
Speaker 1: don't have to be, you know, to hit people over
40:32
Speaker 1: the head with them. You want to be an open door,
40:35
Speaker 1: not a closed book. And and if you do have
40:38
Speaker 1: these credentials, by the way, you're listening to this.
40:40
Speaker 2: Be proud of them.
40:41
Speaker 1: Listen them sure on your resume, but then start with
40:44
Speaker 1: the question when you go into a room. Because people
40:46
Speaker 1: are not going to assume that you are still curious.
40:51
Speaker 1: So so now you're you're you know, you've been, this
40:56
Speaker 1: guy's written your check, You're in the you're in the
40:58
Speaker 1: You're in the game, right.
41:00
Speaker 3: So I say, you know credibly, you know credibility, I
41:03
Speaker 3: say corporate boards. I say, if I could be on
41:04
Speaker 3: one board, the best board being airlines because they let
41:07
Speaker 3: you fly for free, I mean, I you know, it
41:10
Speaker 3: just it's just completely practical. But again getting back to uh,
41:15
Speaker 3: what Bill Brady say, if the President United States walks
41:17
Speaker 3: in the room, le's your ask if the CEO of
41:19
Speaker 3: American Airlines walked in the room. I didn't have an answer.
41:22
Speaker 3: So I literally constructed an argument about why I should
41:25
Speaker 3: be on the board of American Airlines. And happened to
41:28
Speaker 3: be at a football game one day sitting next to
41:30
Speaker 3: an older gentleman and we get to talking and and
41:33
Speaker 3: he's like, look, I'd love to get you involved in
41:36
Speaker 3: this not for profit or that not for profit. And
41:38
Speaker 3: I you know, I love not for profits. But I say, look,
41:42
Speaker 3: tell me who you are first, and he says, look,
41:44
Speaker 3: I'm a former CEO of the Resolution Trust Company. I'm
41:46
Speaker 3: a former mirror, former CEO of American Airlines. And I say,
41:51
Speaker 3: if you think I'm so good, you should put me
41:53
Speaker 3: on the board of American Airlines. And I committed this
41:55
Speaker 3: thing to memory Boom and he was like, WHOA, Okay, well,
42:00
Speaker 3: actually I'm not CEO now, but I'll be out tomorrow.
42:02
Speaker 3: Out there be out there tomorrow. I'll look into it.
42:04
Speaker 3: And so he came back and said, American Airlines has
42:07
Speaker 3: three boards. They have the airline. Everybody knows that they
42:09
Speaker 3: have Saber, which is an information technology company, but they
42:12
Speaker 3: also have an asset manager company called American Beacon. And
42:16
Speaker 3: I think, wow, you would be perfect on that board.
42:19
Speaker 3: And I said what's the compensation. He said, pre first
42:22
Speaker 3: class travel anywhere in the world, American flass for you
42:24
Speaker 3: and your wife. Sign me up, sign me up. So
42:28
Speaker 3: I interesting enough became you know, I served on the
42:31
Speaker 3: board it became chairman of the board. Uh, and ended
42:35
Speaker 3: up buying it from American Airlines What yes with David Barnerman.
42:39
Speaker 3: So we grew to about grow to about sixty five
42:43
Speaker 3: billion in assets and sold it. But then I also
42:46
Speaker 3: went on the board of Star Wars Hotels because I
42:47
Speaker 3: needed place to stay and Saint Regis's Western w you know,
42:53
Speaker 3: luxury collection, all of those things. And then I was
42:55
Speaker 3: a board of GAP. I had the six kids, I'll
42:57
Speaker 3: missing clothed with food and so. And then I started
43:01
Speaker 3: the firm with a gentleman who's younger than I would
43:03
Speaker 3: finish number one in his class, sum Will Cumeloud at Princeton,
43:08
Speaker 3: actually Native American who had worked at gold and Sacks,
43:11
Speaker 3: but the Goldman. And then we really built the firm,
43:14
Speaker 3: and you know, the focus is on making people healthier,
43:18
Speaker 3: lowering costs, creating greater access for patients, which is you know,
43:25
Speaker 3: fundamental to addressing the needs primarily of underserved communities, whether
43:29
Speaker 3: it's in rural communities, urban communities, people who have the
43:32
Speaker 3: greatest disparities in healthcare. That's what we try to address
43:35
Speaker 3: with very good risk adjusted returns. So it's generating great
43:41
Speaker 3: returns but also impacting communities that need it the most.
43:44
Speaker 1: Returns means profit for the in layman's terms, so returns
43:49
Speaker 1: on investment. So you said something. You said a lot
43:53
Speaker 1: of things that are powerful, but you said something, and
43:55
Speaker 1: you walk right past it. We have a nice we
43:57
Speaker 1: laugh about it, but a lot of people watch social media.
44:01
Speaker 1: I think there's some honor in throwing away money. Oh,
44:05
Speaker 1: I'm gonna rent I'm gonna rent a jet, a private jet.
44:08
Speaker 1: I'm gonna I'm gonna charter a private jet. I'm gonna
44:11
Speaker 1: buy I'm a celebrity, I'm a hip hop star, I'm
44:15
Speaker 1: a basketball, football star, I'm whatever.
44:18
Speaker 2: I am gonna.
44:19
Speaker 1: I am so important, I'm gonna go buy me a
44:22
Speaker 1: private jet.
44:24
Speaker 4: Uh.
44:25
Speaker 1: And I think that that's just silly. And now I
44:29
Speaker 1: told people most folks you see run around in private jet,
44:32
Speaker 1: they're not paying for it.
44:34
Speaker 2: The corporation's paying for it.
44:36
Speaker 1: An elimited liability corporation, a cash flow that they've tied
44:39
Speaker 1: to some deal they've done, is paying for it.
44:41
Speaker 2: It's a tax ride off. There's something going on.
44:43
Speaker 1: They're not taking money from They're not taking cash from
44:48
Speaker 1: income and turning around and writing a check for outflow
44:53
Speaker 1: that is one trip is thirty thousand, fifty thousand, one
44:59
Speaker 1: hundred thousand dollars one trip, And they're not doing that
45:05
Speaker 1: ten times, fifty times a year, twenty times a year
45:09
Speaker 1: coming out of their cash flow. And what you heard
45:12
Speaker 1: Neeland say was I need to get around the country,
45:15
Speaker 1: around the world. I don't want to pay for this stuff.
45:18
Speaker 1: How can I there's two ways to make money, make
45:19
Speaker 1: more or spend less. If you ever see me on
45:22
Speaker 1: a jet, a private jet, no, I'm not paying for it.
45:26
Speaker 3: Do you see me on anyway?
45:28
Speaker 2: Go get me preaching? But anyway, Neil, do you agree
45:30
Speaker 2: with that or do you disagree with that?
45:31
Speaker 3: One hundred percent? One hundred percent? And that was really
45:34
Speaker 3: fundamental to my thesis about Look, I knew launching a business,
45:40
Speaker 3: I needed to be able to cut my expenses. And
45:44
Speaker 3: so travel is a big expense, you know, Hotels big expense.
45:49
Speaker 3: I was able to do those things for free, and
45:51
Speaker 3: that so I could at a moment's notice get on
45:55
Speaker 3: a plane, go somewhere and not have to worry about
45:57
Speaker 3: the cost or for that matter, stay in a hotel.
46:00
Speaker 3: So again it was all about you know, how do
46:04
Speaker 3: I because I knew as an entrepreneur, you know, there
46:09
Speaker 3: was gonna be some challenging time lean times ahead of
46:12
Speaker 3: what you know, the beauty of medicine, it's it's pretty consistent.
46:15
Speaker 3: You can, you can you know, you know about how
46:17
Speaker 3: much you're gonna make. The bad news about being an
46:20
Speaker 3: offer you don't know. And so I needed to lure
46:24
Speaker 3: my my risk, you know, in terms of outflow and
46:29
Speaker 3: so that's that's exactly what I did. But so.
46:33
Speaker 1: I have come to the conclusion I had a whole
46:35
Speaker 1: list of questions for you. I've gotten through too. I've
46:40
Speaker 1: come to conclusion I can't do this interview justice without
46:44
Speaker 1: part two. Will you come back?
46:45
Speaker 3: Absolutely? Brother.
46:57
Speaker 2: So with that in mind, I don't even ask my audience.
46:59
Speaker 2: I know that I love you.
47:00
Speaker 1: Let I want to go too. I want to go
47:03
Speaker 1: in two directions very quickly with the time that we
47:06
Speaker 1: have left. And I definitely want to cover this lawsuit
47:09
Speaker 1: thing and why and what. I just thought that was
47:12
Speaker 1: so gangster when I read about it in the Wall
47:15
Speaker 1: Street Journal. It wasn't in the Houston Chronicle, it wasn't
47:17
Speaker 1: in the you know Gazette. It was in the Wall
47:20
Speaker 1: Street Journal. Here's this black man, and they were talking
47:23
Speaker 1: about him in admirable terms. They were not talking about
47:27
Speaker 1: him like a lot of times folks get talked down to.
47:30
Speaker 1: They were talking up to his in respect. Here's some
47:34
Speaker 1: easy questions, though, and you could decide which one of
47:37
Speaker 1: these you want to answer, because you can't answer all
47:40
Speaker 1: of them. What's the number one mistake people make in
47:44
Speaker 1: trying to get wealthy, which is different from making money
47:48
Speaker 1: What do you know at sixty eight that you wish
47:51
Speaker 1: you knew at twenty eight. What's your personal definition of
47:56
Speaker 1: wealth versus being rich? Is there a truth about generational
48:02
Speaker 1: wealth that you want to share? Why ownership is a
48:07
Speaker 1: great equalizer? You can pick any one of these you like.
48:11
Speaker 1: And last one is uh, why, Why is the most
48:14
Speaker 1: important asset in your life? I'm asking you this, but
48:17
Speaker 1: I know the answer. Your relationship capital so and I
48:21
Speaker 1: always say rich is a contract. Wealth is what you
48:23
Speaker 1: do in your sleep. Back to my friend Tony Wrestler,
48:25
Speaker 1: billionaire Tony Wrestler is the one who originally taught me
48:28
Speaker 1: that business partner, friend of mine and a mentor.
48:31
Speaker 2: Take any one of those you like.
48:32
Speaker 1: I've made a statement about relationship capital that I'd love
48:35
Speaker 1: for you to at least amplify on. I didn't even
48:37
Speaker 1: ask you that. I know it's true that your most
48:39
Speaker 1: important asset is your relationships. You can disagree with me
48:43
Speaker 1: if there's a one percent chance you disagree, but pick
48:45
Speaker 1: one of the other.
48:47
Speaker 3: Relationship for clearly the reason why I've been I mean,
48:53
Speaker 3: it's fundamental to how I've been successful. It is nature,
48:57
Speaker 3: the ability to be able to connect with people, you know,
49:01
Speaker 3: in your true self, meaning you know you're being your
49:04
Speaker 3: authentic self, because it's not always it's not trying to
49:08
Speaker 3: please people necessarily, but it's and especially people of wealth,
49:13
Speaker 3: because people are always sucking up to them, and if
49:16
Speaker 3: you can, you know, address them in a way where
49:20
Speaker 3: you agree with them and agree to disagree with them
49:22
Speaker 3: and or provide them a different perspective on a specific issue,
49:27
Speaker 3: they respect that much more. And I think that one
49:32
Speaker 3: you do as I do. We try to show up.
49:34
Speaker 3: We try to be there at the important things in
49:37
Speaker 3: the important ways, and you don't need to look. Time
49:41
Speaker 3: is our most precious asset, that's right, It's the one
49:44
Speaker 3: thing you can't get more. You can get more money,
49:46
Speaker 3: you can get more friend you get, but you can't
49:48
Speaker 3: get more time. And so being able to curate your
49:53
Speaker 3: time in a way so that you are at the
49:55
Speaker 3: right places at the right time with the right people
49:59
Speaker 3: is exactly how you want to, you know, bring more
50:03
Speaker 3: efficiency and therefore effectiveness to your objectives. And so that's
50:09
Speaker 3: what I've tried to do. And that's number one. And
50:11
Speaker 3: again the credibility that says when Tony Wrestler picks up
50:16
Speaker 3: the phone and calls someone on your behalf. They don't
50:20
Speaker 3: need anything else, they don't need to do a whole
50:23
Speaker 3: bunch of other background checks. We've got to do that,
50:26
Speaker 3: you know. And again the same thing with myself. I've
50:29
Speaker 3: tried to and I've developed relationships with people that are credible,
50:38
Speaker 3: beyond credible in their own rights, and therefore through not
50:43
Speaker 3: only our relationship, and I mean that it's a two
50:47
Speaker 3: way relationship. John, what you've done with your relationships, as
50:51
Speaker 3: I've tried to do with mine, is not just take,
50:54
Speaker 3: but in fact give, but in fact give so the
50:58
Speaker 3: ability to introduce, use someone who hasn't met someone or
51:03
Speaker 3: who hasn't doesn't have a particular perspective in this community
51:07
Speaker 3: or that community. It's about being able to have that
51:12
Speaker 3: type of give and take relationship, I think is what
51:17
Speaker 3: creates a bond and respect. And therefore you get included
51:21
Speaker 3: in deals, and you get invited on boards, and you
51:24
Speaker 3: get you know, this, that or the other, and it
51:26
Speaker 3: may be with you know, helping their kids or or
51:29
Speaker 3: helping them personally or their wives or friends or whatever
51:31
Speaker 3: it is. That's the way. It's a give and take.
51:34
Speaker 3: And I would also say, quite frankly, which is a
51:36
Speaker 3: little bit different, it's important to have a carrot, but
51:39
Speaker 3: it's also it's important to have a stick. It's also
51:43
Speaker 3: important to have a stick. And what I mean by that,
51:45
Speaker 3: what Texas teachers helped me to understand, is that is
51:51
Speaker 3: leverage and power, meaning serving on the board, being able
51:55
Speaker 3: to allocate resources or.
51:57
Speaker 5: Take resources creates a respect that people in power understand
52:07
Speaker 5: and and so they are.
52:11
Speaker 3: You know it. It puts you as a peer as
52:16
Speaker 3: as opposed to always asking for them. Yeah, you know,
52:21
Speaker 3: the ability to give but also to take, yes, and
52:25
Speaker 3: you know that is unfortunately that's how mankind is.
52:29
Speaker 1: They incentives and penalties, correct, people respond to incentives and penalties. Yes,
52:37
Speaker 1: So which one of these questions? I can repeat them?
52:40
Speaker 1: Do you want to the sub questions you want to
52:41
Speaker 1: answer before you go to the this gangster made which
52:47
Speaker 1: is which it deals with, by the way, extraction, It
52:50
Speaker 1: deals with taking uh something from someone that you rightly
52:54
Speaker 1: so in my opinion, deserve.
52:56
Speaker 2: But it took courage to do what you did.
52:59
Speaker 1: You most people to just stay quiet because they didn't
53:02
Speaker 1: want to ruffle feathers because they what somebody gonna think
53:06
Speaker 1: about me?
53:06
Speaker 3: What if I lose the lawsuit?
53:08
Speaker 2: Who's gonna who am I gonna what what?
53:10
Speaker 3: What?
53:11
Speaker 2: Who am I going to upset? Who am I going
53:14
Speaker 2: to offend?
53:15
Speaker 3: Oh?
53:15
Speaker 1: I think I'll just stay over here quiet. Do you
53:16
Speaker 1: know that doctor King in the sixties he only had
53:20
Speaker 1: his height twenty percent of the black community support and
53:24
Speaker 1: twenty percent of the white community supportant half of.
53:26
Speaker 2: That was Jewish.
53:27
Speaker 3: Most people just thought he's a rubble rouser.
53:30
Speaker 1: He's he's you know, he's messing up the power structure.
53:33
Speaker 1: I'm I like my salary, I like my life. I'm
53:36
Speaker 1: gonna set on my hands over here and let him
53:37
Speaker 1: go do that. And it wasn't They were against him.
53:40
Speaker 1: They just thought that's just messy, and they let him
53:44
Speaker 1: do the dirty work. As my mentor basstor Andrew Young,
53:48
Speaker 1: the new documentaries out about his life, the dirty work.
53:51
Speaker 1: You you have no problem doing the dirty work anyways.
53:55
Speaker 1: That's gonna say. That's gonna be my final question to you.
53:58
Speaker 1: What way or how un act that for the audience? Well,
54:02
Speaker 1: do you want to answer one of these sub questions?
54:04
Speaker 3: Yes, so sorry because I got distracted, please repeat that.
54:09
Speaker 3: At least two of them.
54:10
Speaker 1: Say I'm gonna tell you a couple of when I
54:12
Speaker 1: think you're like, okay, what would you with your sixty
54:14
Speaker 1: eight year o self, tell your twenty eight year o self. Okay,
54:17
Speaker 1: and what do you really define as wealth? And why
54:21
Speaker 1: is ownership the equalizer for underserved people?
54:23
Speaker 3: Yeah, So what I would say is what would my
54:25
Speaker 3: sixty eight self say to my twenty eight self. What
54:29
Speaker 3: I would say is, continue to be true to yourself,
54:37
Speaker 3: continue to the beauty of me. When I was twenty
54:40
Speaker 3: eight that time in Egypt, I was actually kind of
54:44
Speaker 3: fundamentally able to lay out what I wanted to be
54:48
Speaker 3: when I was sixty year I mean it really and
54:50
Speaker 3: I haven't necessarily veered from that star for me, you know,
54:56
Speaker 3: seeing myself, you know, at the end of my life.
55:02
Speaker 3: And and so you know, the decisions that I made,
55:07
Speaker 3: the relationships, whether it's personal, whether it's business, have been
55:12
Speaker 3: kind of fundamental to that. And so I've been pretty
55:18
Speaker 3: consistent with that set of criteria. Seize opportunity when it
55:27
Speaker 3: presents itself. Look, you know, listen more than you you speak.
55:34
Speaker 3: You know, work hard, check your ego, don't don't you know,
55:40
Speaker 3: don't get caught up in and and things. Put in
55:44
Speaker 3: the work. Listen, find great people, keep great people in
55:51
Speaker 3: your life. You know, you know, be about love, be
55:56
Speaker 3: about about love, be about loving yourself first and foremost,
56:01
Speaker 3: you know, loving your family, loving your friends, and and
56:04
Speaker 3: and and but again you're you're tremendously influenced by the
56:10
Speaker 3: people you keep in your life. And so having extraordinary
56:14
Speaker 3: people who can challenge you as well as embrace you,
56:18
Speaker 3: I think is enormously have been enormously important to me.
56:23
Speaker 2: Why is wealth a great equalizer?
56:24
Speaker 1: And you touched I'm got end this where we started
56:26
Speaker 1: because you talk about Greece and you talk about how
56:28
Speaker 1: people were saying America ain't nothing. They still come back
56:32
Speaker 1: to why is wealth the great equalizer?
56:35
Speaker 3: Yeah, wealth is an extraordinary equalized And and let me
56:37
Speaker 3: say that there are different types of wealth. You know,
56:42
Speaker 3: you know, there's personal wealth with regard to you know,
56:47
Speaker 3: your family and loved ones and and and things like that.
56:51
Speaker 3: And there's also wealth in the sense of multi general race,
56:56
Speaker 3: multi generational wealth that addresses extraordinary challenges. It can solve
57:05
Speaker 3: for lots of problems, but there are things that wealth
57:08
Speaker 3: cannot solve for. And it's understanding what money can do
57:12
Speaker 3: and what money can't do, I think allows you to
57:16
Speaker 3: be able to embrace it in a way where you
57:20
Speaker 3: understand what true wealth is so money can get you
57:26
Speaker 3: the best doctors, Money can get you the best you know,
57:30
Speaker 3: you know, transportation, all kinds of it can provide you know,
57:34
Speaker 3: peace of mind in the sense of you don't have
57:37
Speaker 3: to worry about certain things. But there are some things
57:41
Speaker 3: it can't solve for. And again, and that's where sometimes
57:47
Speaker 3: people get confused. I know a lot of wealthy people tremendous,
57:51
Speaker 3: tremendous resources, but are unhappy. And look, I've been without money,
57:56
Speaker 3: and I've been with money. With money is much better, better,
58:01
Speaker 3: much it's better, have no question about that. Don't understand,
58:04
Speaker 3: but understand it can't solve all problems. And so being thoughtful,
58:08
Speaker 3: being being respecting for what it can do and what
58:14
Speaker 3: it can't do, I think is enormously important, and also
58:19
Speaker 3: recognizing that, Look, we have an obligation, I think, without
58:23
Speaker 3: our community to create multi generational wealth because in order
58:27
Speaker 3: for us to advance beyond where we are, you have
58:32
Speaker 3: to have capital. You have to have capital, be able
58:35
Speaker 3: to provide scholarships, you have to have capital in order
58:37
Speaker 3: to be able to to invest in communities, to build businesses,
58:42
Speaker 3: to to to to to really risk and to take risk.
58:47
Speaker 3: And so we need to be about generating that type
58:51
Speaker 3: of those types of resources so that we can take
58:56
Speaker 3: the risk necessary to advance our communities forward. And that
59:00
Speaker 3: just comes with money. It comes with money, So we
59:03
Speaker 3: need to be about doing.
59:04
Speaker 2: Just that in the final moments we have here.
59:07
Speaker 1: This has been absolutely extraordinary neland this far exceeded I
59:11
Speaker 1: had no expectation. I just wanted to I wanted to
59:12
Speaker 1: brag about you to the world, and you have flipped
59:15
Speaker 1: the script and you turned into a masterclass on life.
59:19
Speaker 1: I mean, this is fanantastic. I'm so angry at you
59:22
Speaker 1: for being hiding from the world. I'm so angry at you.
59:25
Speaker 1: The world needs more of you, not less. You are extraordinary.
59:30
Speaker 1: Kudos to you. Tell us why you weren't scared to
59:34
Speaker 1: talk about what your ancestors earned and created and someone took.
59:42
Speaker 3: I was not afraid because and what is it, by
59:47
Speaker 3: the way, Yeah, yeah, So a little bit of background.
59:50
Speaker 3: You know, my great great grandparents were slaves, you know,
59:53
Speaker 3: in Texas posts the Civil War before they were property.
59:59
Speaker 3: They ended up buying property. So it was a profound
1:00:03
Speaker 3: transformation to be you know, of you know, someone's property
1:00:08
Speaker 3: and then to own property with a profound transformation that
1:00:14
Speaker 3: while I didn't know them. I knew that that had
1:00:16
Speaker 3: to have been seared with enormous sacrifice.
1:00:20
Speaker 4: And and.
1:00:23
Speaker 1: What have you.
1:00:23
Speaker 3: So my parents, grandparents, great grandparents today one hundred and
1:00:29
Speaker 3: forty seven point five acres. They my great great grandfather
1:00:36
Speaker 3: was then unfortunately put in a mental institution because he
1:00:40
Speaker 3: must have been crazy if he bought this land.
1:00:45
Speaker 2: To my drobe crazy.
1:00:47
Speaker 3: And so he ended up dying in that institution as
1:00:52
Speaker 3: it happens. As it happens, though by law, his hat
1:00:58
Speaker 3: all went to his nine kids, half of his statement
1:01:01
Speaker 3: his nine kids. The other half went to my great
1:01:04
Speaker 3: great grandmother, and she having passed, and we don't know
1:01:12
Speaker 3: all the details exactly because she had some financial resources,
1:01:16
Speaker 3: but her half ended up going to let's say a
1:01:24
Speaker 3: white family. Let's let's just leave it at that. And
1:01:31
Speaker 3: you know, about approximately fifteen years ago, we got a
1:01:37
Speaker 3: call from you know, landman, which of these guys who
1:01:40
Speaker 3: are looking to establishmenteral rights in all leases, saying hey, look,
1:01:48
Speaker 3: you all are the you own half of one hundred
1:01:52
Speaker 3: and forty seven point five acres. And I won't go
1:01:54
Speaker 3: through all the iterations of the different family members, but
1:01:58
Speaker 3: you one hundred and forty seve point five acres of
1:02:01
Speaker 3: this which is undivided and split with this white family, right,
1:02:08
Speaker 3: you know, we said, okay, wonderful, as it happens, the
1:02:16
Speaker 3: law firm, because I was not particularly engaged at that time,
1:02:19
Speaker 3: did not risk the white family ended up suing and said, no,
1:02:26
Speaker 3: that's not the case. We own all of this. The
1:02:29
Speaker 3: attorneys who we hired at the time did not respond
1:02:33
Speaker 3: to summary judgment, which is really really important. I mean,
1:02:38
Speaker 3: essentially they allowed the opposing side to basically win. When
1:02:43
Speaker 3: we when we did some research, we found out again
1:02:47
Speaker 3: these people were not reprepresenting us. Let's just say they
1:02:51
Speaker 3: weren't representing us that they should have been representing us.
1:02:56
Speaker 2: Yeah, they might have intentionally not responded.
1:02:58
Speaker 3: Correct it, correct, courage exactly.
1:03:01
Speaker 2: People can read between the lines here, right.
1:03:03
Speaker 3: So then at that point I got involved. My cousin Stella,
1:03:07
Speaker 3: who's an attorney, got involved, my brother David, who's attorney,
1:03:10
Speaker 3: got involved, three whose an attorney got involved, you know,
1:03:13
Speaker 3: and then we said, okay, let's let's kind of lead
1:03:16
Speaker 3: the charger. So we took it to the appellate court.
1:03:19
Speaker 3: We then win want a verdict on the appellate court,
1:03:23
Speaker 3: which then it was appealed by the other family to
1:03:26
Speaker 3: the Texa Supreme Court, which we then want at the
1:03:29
Speaker 3: Texas Supreme Court. It was then remanded back down to
1:03:32
Speaker 3: the district court where we had originally had this this mishap,
1:03:38
Speaker 3: and we ended up winning a jury verdict. Wow, and
1:03:42
Speaker 3: the jury said we did, in fact own one hundred
1:03:45
Speaker 3: and forty seven point five acres within this area of
1:03:49
Speaker 3: Texas that it's called the Eagle Ford Shell area, and
1:03:53
Speaker 3: it's where a tremendous amount of oil and oil are
1:03:57
Speaker 3: being pumped. And again again they've been there's been appealed
1:04:01
Speaker 3: to that and what have you. And so we're still
1:04:03
Speaker 3: in the process of this this this court case. But
1:04:08
Speaker 3: let's just say the reason why I did it. And
1:04:11
Speaker 3: I'm not alone. I have a you know, a wonderful
1:04:15
Speaker 3: family team and others who are involved. But uh, the
1:04:20
Speaker 3: reason was, Look, the legacy of our four fathers are
1:04:26
Speaker 3: our for our great great grandparents, the sacrifice that they made,
1:04:30
Speaker 3: the sacrifices that other families have made, and I had
1:04:36
Speaker 3: the financial ability to be able to fight this and
1:04:40
Speaker 3: and and so it was you know, that's one tool
1:04:45
Speaker 3: we had. We also had resources within the legal framework
1:04:49
Speaker 3: as well through relationships both in the family and outside
1:04:53
Speaker 3: of the family. And so you know, it was an
1:04:57
Speaker 3: opportunity to really pay not only pay tribute to the
1:05:02
Speaker 3: legacy of our forefathers, but also to pay forward the
1:05:11
Speaker 3: dividends that frankly, have been accumulating on this plan to
1:05:17
Speaker 3: the two hundred plus relatives that I have who deserve this.
1:05:20
Speaker 3: And again, having the financial wherewith all can make a
1:05:27
Speaker 3: tremendous difference in people's lives. The fact that they could
1:05:30
Speaker 3: maybe have you know, a child or relative be able
1:05:35
Speaker 3: to get counseling, or you know, or in a clinic
1:05:38
Speaker 3: for substance abuse, or invest in a business, or you know,
1:05:45
Speaker 3: provide better healthcare. All of those things or enormously important.
1:05:49
Speaker 3: And so I thought that this was an opportunity to
1:05:53
Speaker 3: step forward and do something not just for myself because
1:05:57
Speaker 3: it won't necessarily maturely change my life, but certainly it
1:06:00
Speaker 3: could change the lives of many of my relatives.
1:06:05
Speaker 1: There's a couple of things as we wrap up, that
1:06:07
Speaker 1: I love about what you said, and really we brought
1:06:10
Speaker 1: those back homes. I asked you why as well as
1:06:13
Speaker 1: the great equalizer you just answered it you have to
1:06:16
Speaker 1: have the legal the financial resources to fight a legal case.
1:06:20
Speaker 1: You actually have to have the discipline to fight a
1:06:21
Speaker 1: legal case. It's not instantaneous. Went to this court, went
1:06:24
Speaker 1: to that court, when to that court, then went back
1:06:25
Speaker 1: to this court, up to this court. He was trying
1:06:27
Speaker 1: to frustrate you, at trying to get you off track,
1:06:30
Speaker 1: are trying to distract you, They're trying.
1:06:33
Speaker 2: To undermine you.
1:06:36
Speaker 1: But without those financial I am involved in a legal
1:06:39
Speaker 1: situation myself right now, first time I've ever had. I've
1:06:43
Speaker 1: treasured the fact that I've never had to sue anybody
1:06:46
Speaker 1: or been sued. But you know, I got involved in
1:06:48
Speaker 1: the situation and I wasn't going to let it go.
1:06:51
Speaker 1: And luckily I've got the financial resources say and I'm
1:06:55
Speaker 1: not gonna let it go. And I don't worry about
1:06:59
Speaker 1: it either. As you said, and I love this was
1:07:02
Speaker 1: a gangster. You said, this is not going to change
1:07:04
Speaker 1: my station in life one ioto one way or the other,
1:07:07
Speaker 1: but it will for others. And and I can say
1:07:10
Speaker 1: the same thing. This won't change my station in life
1:07:13
Speaker 1: one way or the other in my situation, but it
1:07:15
Speaker 1: affects others, and it affects charity that want to help
1:07:18
Speaker 1: and so on and so forth. So I'm want to
1:07:19
Speaker 1: fight the fight because I can, and I commend you
1:07:25
Speaker 1: on that and admire you. I'm gonna do a whole
1:07:28
Speaker 1: series next year on failure, like falling forward, failing forward,
1:07:33
Speaker 1: That failure is not not depth about you. It's a
1:07:36
Speaker 1: it's an experiment, it's an outcome to the situation. It's
1:07:38
Speaker 1: how you grow. And some of the best lessons you
1:07:42
Speaker 1: have learned I have heard have have been through what
1:07:46
Speaker 1: somebody might determine as a failure or a misstep. And
1:07:50
Speaker 1: that's not the way you see it. I don't to
1:07:53
Speaker 1: ask you that. It's just another form of education for you. Absolutely, Yeah,
1:07:57
Speaker 1: this has been brilliant. By the way, do you Is
1:07:59
Speaker 1: it okay to mention the number that it's tied of
1:08:02
Speaker 1: this lawsuit with.
1:08:03
Speaker 3: The oil information? Yes? Sure, public information?
1:08:06
Speaker 2: What are we talking about? Okay? That was dropped the mic.
1:08:15
Speaker 2: When you got the power, you don't need to use it.
1:08:18
Speaker 1: My man just said, only because I asked, very casually,
1:08:24
Speaker 1: very informally, without changing the octave of his voice. Yes,
1:08:29
Speaker 1: public information, it's not. One hundred million dollars won't change
1:08:32
Speaker 1: the quality of his life. One eye Oda.
1:08:35
Speaker 2: This is what.
1:08:36
Speaker 1: This is who you need to be, everybody, this is
1:08:39
Speaker 1: I'm tired of us just rocking the mic. I want
1:08:42
Speaker 1: to own it. Indeed, Kneeling young Blood owns his mic
1:08:47
Speaker 1: quite literally. You you have to come back.
1:08:51
Speaker 3: Appreciate you, brother, Thank you, my man, loving light.
1:08:53
Speaker 2: This is John O'Brien. This is Kneeling young Blood. This
1:08:57
Speaker 2: is money and wealth.
1:08:58
Speaker 1: I want your Internet search engine to go crazy and
1:09:02
Speaker 1: your AI to go crazy searching this man and his
1:09:06
Speaker 1: story and his firm and giving and putting him on
1:09:10
Speaker 1: your prayer list because we need for him to live
1:09:13
Speaker 1: a very long time so he can be a blessing
1:09:16
Speaker 1: to many, many, many more people. As you see, it's
1:09:19
Speaker 1: in his spirit. Ladies and gentlemen, let's go live our
1:09:23
Speaker 1: best life. John O'Brien, this is money and wealth and
1:09:28
Speaker 1: kneel and Youngblood, and we're out. Money and Wealth with
1:09:45
Speaker 1: John O'Brien is a production of the Black Effect Podcast Network.
1:09:48
Speaker 1: For more podcasts from the Black Effect Podcast Network, visit
1:09:52
Speaker 1: the iHeartRadio app, Apple Podcasts, or wherever you listen to
1:09:56
Speaker 1: your favorite shows.