How This Investor Creates A Lasting Legacy With Smart Investments [15:04-20:05]

Well, listen, this is your lane. I want to ask you, what's it like being CEO of an investment firm, an investment advisory firm? When you're in an atmosphere like this, right? I'm sure people are calling you left and right trying to get some information because people are ahead. What's it like being a CEO of an investment firm? Being a CEO is overrated, right? So let me say that. You don't have one job as the CEO, right? You're responsible for strategy. You're responsible for product development. You're responsible for technology. You're responsible for operations. You're responsible for legal and compliance. You're responsible for investments and reporting. So the job of CEO is really multiple jobs, right? Now what you have to do is hire competent people and organizations to handle all of those functions, but they ultimately still roll up to you. Thankfully, I love work, and I love what I do, and I'm so passionate about it that it sometimes doesn't even feel like work. And so I enjoy my job as CEO because it's a business that I love. It's a business that's intellectually stimulating. It's a business that you can do well into your 70s and your 80s, and it's a business that's very rewarding. And so I feel good about the seat that I sit in, but having said that, I also love challenges. And when you sit in the CEO's seat and things aren't going well, whether it be environmental or whether it be within your own organization, you've got to step up to those challenges. And that's honestly, what keeps me most motivated is the fact that every single day, there's a fire to put out, every single day, we've got to think about a different challenge and how we're going to solve that challenge. And at this stage of my life, like I want my brain to be stimulated each and every day. I'm not going to be wrong. Sometimes it's overstimulated. But I enjoy the job of CEO because it brings a tremendous amount of challenges. There's a breadth to it that I'm not working on the same thing each and every day. Yeah. Well, listen, in order for you to have been this effective CEO, you had to have started somewhere. Take me back to that young Jake Krohnup in Hudson, New York, right? What was that like for you? What was it like for me, man? I like to say when I look back on my life, like I've truly been blessed, right? I started off in this small town of 6,000 people in upstate New York, Hudson, New York. And neither of my parents graduated from high school. My dad dropped out of school in the seventh grade to help take care of his family. My mom dropped out of school in the eleventh grade to help take care of her family. Having said that, they were proud people and impressed upon their kids that the only way out of this situation was going to be a great education. And so if there was one way to earn a butt weapon in my household, it was to bring home a bad report card or a bad progress report, right? And so they always instilled in us a sense of accountability, right? And always told us that where we were, that particular zip code was not where we were meant to end up in life. And so they did everything they could to support each and every one of us to get a college education and then to go on and have the careers of our choice. And so I like to say, as much as I would like to think it was me, my parents and my community had a tremendous amount of say in how I conducted myself and the decisions that I made. And then I felt a sense of responsibility to them to sort of keep it going, right? And so yeah, I mean, I'm a function of kind of where I grew up, how I grew up, and the people who I grew up around me. And each of them sort of had their fingerprints on me and sort of push me and motivated me. And I'm forever grateful because without them, I don't know kind of where I would have ended up. We'll take me back to that young Jake, right? The one who picked up the phone and called the individual at Lehman Brothers 14 times because you knew for a fact you wanted to get in. You wanted to be a summer intern at an investment bank. You wanted to be on Wall Street. And that 14 times, keep that in perspective, Jake, because people think cell phones always around. And it wasn't. And you talked about this. I respected that grime because I too did that. I went to the mail that the post office and I mailed my resume 20,000 and those big giant orange envelopes, right? Keeping people in line as I did. And I did stamp a stamp. I know it's like because emails wasn't as effective then. You still had the mail.