YouSaid · the spoken record

Christopher Tsai

lines on the record: 132
first: 2024-05-26
most recent: 2024-05-26
sittings or episodes: 1
sources: podcast

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“And I hope that maybe 1% of this interview will be helpful to your listeners because I know that pretty much everybody on your podcast is smarter than I am. Not everybody. So hopefully 1% of this will be helpful to your listeners”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“This has just been amazing. It feels like a continuation in many ways of the conversation that we had at ValueX at Guy's Wonderful Conference. And it just feels very open. Like it's an open conversation. And I love those kinds of conversations. So thank you so much for spending all the time and doing all this research and digging up earls holding in Jardine. And probing into my life a little bit and helping me kind of think about conjure up some of my memories. It's really, really been nice.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Definitely impressed upon me that characteristic. Like it was, like I said, he could have gone in different directions and I was truly grateful how he treated me then and afterward.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I said, yes. And he could have said anything. He could have said anything, but he didn't. And he treated me as a separate individual and asked me what my approach was to investing, what I'm interested in, the companies that I own in the portfolio. He didn't talk about my father. And that is what I'm referencing in the shareholder letter that you just mentioned, how gracious and kind he was to me. I did not say that in the shareholder letter, but that's why I wrote that because I specifically remember how kind he was to me. He could have gone in many other directions. But he treated me as an individual, my own person.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, for sure. And he reminded me in many ways of Fred Rogers. I mean, Warren did not speak very highly of the momentum investors. I think there's a partnership letter in which he criticizes, not by name my father, but he does criticize Fidelity, or no, he criticizes probably Manhattan Fund. He criticizes the two frets who are running momentum funds at the time, I believe. It's in one of his partnership letters. And I presume that Charlie had a very negative view of that group of investors as well, at least their style, maybe not the people, but at least the investing style. And so when I first met Charlie, I said, I'm Christopher Sym, he knew I was coming, but there are a couple of people who came to his dinner that I was invited to. And so I introduced myself. I said, I'm Christopher Sai. And he said, are you very sigh?”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Simple pleasures that don't change. And we talked about them in exercise, meditation. I love great food. But beyond that, I've stuck to pretty simple things. And I think that's important. And so less is more, less activity is more. That's how you want to think about your life. That's how you want to think about investing. That's at least what I've taken away from him. might not be the right lessons, but that's what I got.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“He's lived in his same home for Warren, right? He hasn't moved around a lot. He's stuck to very, I mean, his enjoyment of life didn't really change over the years. He enjoyed certain things. Like contrary to his statement that why would you take money out of your wallet to buy something that alcohol, right? That clouds your mind wasn't exactly true. He loved red wine. Like he loved red wine. And so he would have red wine a lot, you know, and that was one of his big enjoyments. And he loved law and order. And he would watch law and order all the time. He would binge watch law and order. Like, how does this mesh with the Charlie that is out there in the public? It doesn't, right? But these were like these simple pleasures that didn't change. And to me, I have certain.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Less activity is better than more activity. And it totally goes against our kind of our ancestral heritage where we were constantly on the move, right, looking out for the next sabersooth tiger. Less activity is better than more activity. And that I think goes, that's applicable to life, it's applicable to investing.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Talks about. So we're almost entirely focused. Well, we are entirely focused on U.S. companies, but they're multinational companies, right? And they have revenue and earnings. Look through earnings from all over the world. And that suits us very well. And it suits our client base well.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Go somewhere else. So we're totally focused here, and that might mean that we wind up with a lower rate of return. There might be more fish in the pond somewhere else. There might be bigger fish in the pond somewhere else. But for me, it's been, it's not a question of just return, right? It's a question of duration of return and it's a question of not having to go back to go. So we want to make sure that in the capital that we manage for individuals capital we manage for retirement accounts and high net worth individual accounts foundations. We manage money for charitable organizations that we never have to go back to go and that number one, the preservation of capital has to be the first and foremost thing. And I would rather sacrifice some alpha for investing in a system that encompasses some of these things that Peter.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Where the regulation is just below the tipping point where you would force companies and people to go elsewhere and you have to have taxation, what people consider confiscation. And if you think about that and you think about it that way, you don't want to be invested in China. I mean, at least I don't. And I'm pretty sure that Peter wouldn't either for those reasons. And so I've increasingly over the years appreciated the system in which I've grown up, which is America. And I increasingly appreciate the rule of law here and the transparency and the tremendous innovation that is born here as a result of respect for our IP and physical property and a system that does not confiscate wealth to the point where people want to flee.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Everybody has said, William, that you do such in-depth research and you found our old investment in Jardine Matheson. I'm super impressed because that's not out there, easily findable. So, yeah, I've focused much more on US companies and because I've actually been influenced by Peter Kaufman in that regard. And so Peter has spoken about China. He's spoken about countries like Russia and he's spoken about countries like Singapore. And he's compared them to America and Europe. And one thing that he has said is that for success, for there to be real success, you need to have a system that appreciates education, Newtonian style. You got to appreciate education and you have to have respect for intellectual property. You have to have respect for physical property. You won't get creativity if you don't have respect for IP. And you need to be in a system.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and he's in a way he's erasing traditional Chinese culture, the original Han Dynasty Vaz. He's erasing that by painting over it, but he's also commenting on the fact that China as a government has erased so much of its own history.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, for sure. And a lot of his work plays off of that theme. He has a company, by the way, called Fake Fake. Or at least he did have a company called Take Take. I don't know if it's going to say anymore, but a lot of his work plays on this contrast between consumerism and original and what's fake and what's not. And his work's been influenced by Marcel Duchamp. For those who don't know Duchamp, he arguably, he changed how people think about art by making the idea as important as the actual object. So Duchamp really gave birth to contemporary art in many ways. And he said that a duplicate has as much value and is as important as the original. And so I think that Weiwei has been extremely influenced by Duchamp. And you see these ideas of consumerism and what's real and what's fake. Play out in his work from the Coca-Cola Vaz to the”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Done. We didn't have any Weiwei Wei art, so we thought that was really weird. And we decided, look, maybe we should really learn about his art more than what he's done for architecture. And we just started studying and talking to him and bought our first piece, bought our second piece, and bought our third piece. And what's been amazing, like working with him and talking to him and having a close relationship with him, is that he's helped to curate our collection. So our collection of Ai Weiwei dates back. I mean, it covers every decade. It covers his 70s, 80s. Very few works from the 70s that even exist. We have a bunch of them. So 70s, 80s, 90s, every decade up to now. And he's helped curate that collection. So one of the benefits of collecting an artist that's still alive is you can really talk with him or her about that whole process and what.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Is today. So, our relationship started very slowly. We kept in touch. Around 2006 or so, I wanted to build a country house in upstate New York and realized that, you know, you got to have an architect and build country house. So I thought, well, wouldn't it be great if Ai Weiwei designed it? Because I saw the studio that he designed in Beijing and really, really loved it. He's not a trained architect, but he's an artist, right? Artists can draw and come up with ideas. So I call them up and he said, yeah. And so he designed our house upstate, which has a really, really interesting story, actually. And this so-called Sai residence won a whole bunch of awards. And when the house was...”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Well, I was very lucky to meet him, actually. Should been around 2002, roughly, within a year. I went to China with an art dealer and I thought that Chinese contemporary art was really, really interesting. And it appeared to me to be also just ridiculously underfollowed and consequently undervalued. went with an art dealer to Beijing and went to many, many studios to visit artists just and just see their work firsthand. And one of those artists was Ai, who was well known. He was definitely somebody the other artist looked up to, but he was not by any means a global figure, not the global figure that he”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Bought a calder sculpture. He was very, very, he had very good eyes with respect to art. He was very early to art as he was to most of the growth companies that he bought. And so he had this calder sculpture and he paid quite a bit of money for it. And my grandfather comes over and says to my dad, like, what's this hanging on the ceiling? My father says, Calder, and my grandfather said, well, how much did you pay? And dad says, I paid 50. And grandfather said 51. My father said 50,000. And grandpa turned to my grandmother and said, you see, our son does know the value of money. He bought this piece of crap for 50,000. He's not going to mount anything. And when he was very little, apparently, you know, his father said, you'll never, you can't even tie your shoes. You're not going to mount anything. So those were some of his experiences that pushed him into a certain direction. So I think these.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“He wasn't satisfied with that. And he was unhappy about that. And he knew he was successful, but he also thought he was not successful. And the reason why he thought he was not successful is because I think he knew that he neglected certain areas of his life. And he was also told when he was a child that he would never mount anything. And like we were talking about early childhood experiences and how they can go in different ways. Some of his experiences were probably very unpleasant for him, but they helped drive him to financial success, but also probably a life that he wasn't very happy about. So one example, like I give you, I can tell you that I grew up in this enormous house in Greenwich, which was owned by Rockefeller's partners. I think his name was Teagel. I forget his first name. Tiegel was his last name. And we had these 20 foot high living room ceilings. And my father had just”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“It also helps when you grow up in an environment where you see that your father is not happy. And I think that I did see that very early. And I remember this conversation. Like we were in his limo and maybe when I was, I'm just guessing now around. I was definitely in my teens, early teens. And we were in his limo and we're on not driving to either a movie or a dinner because that's pretty much all we did when I was in Manhattan with him. And he looks at me and it's just out of the blue. He says, you know, I just crossed 100 million of net worth. What do you think of that? And he was looking for my approval. And I probably didn't realize it at the time, but I definitely realize it now because it was out of the blue. He asked me this question. He was looking for approval, but I knew that he was never like he was never satisfied with where he was financially, right? Didn't matter, you know, how much money he had. He wasn't.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I was really touched by our conversation, which seemed to just go take us through the entire dinner, right? And I think it was the whole dinner we were talking, like nonstop. And during this conversation, I was thinking about these ladders. And meditation is as close as I can get to spirituality. I wish I had more in that area. Not sure how to figure that out. And community. But over time, I think that these are the two steps that I really want to work on. I can help with both of them.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Look, you need to look at your life as one ladder, and there's seven steps to the ladder, these seven steps are pretty much in this order. Health and then family and friends, career, community, spirituality, and hobbies. The most important of those seven steps is health, because health is multiplicative, right? If you take health and you multiply it by zero, everything else goes to zero. Not good. So you want to focus on that as first and foremost. But I really try to hit these seven pieces of the ladder as best as that I can. And one of the areas that I think that only two of the areas that I think that I'm lacking is on the community side and on the spirituality side. William, you and I had this really wonderful, open, meaningful conversation. Over dinner, you will recall at ValueX, and we spoke a bit about religion and spirituality.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Well, when you're on your deathbed, nobody starts to themselves, I wish I had another week at the office, right? They're reflecting on the quality of their life, the quality of the individuals that they might be leaving behind, right? Their offspring, the relationships with them. And so that's inversion, right? But you mentioned Peter's wonderful presentation called, I think it's called One Ladder. And for those of your listeners who are not familiar with this presentation, he talks about life as one ladder. And so most people, they go through life and they say, okay, I'm going to try to make it going to get great grades so I can go to this school. And then I'm going to make so much money so then I could spend more time with my family. Or then I might do this. And then I might do that. But Peter said that.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“But I have been able to build a business, the really positive aspect of not having influence from my father during those years when he wasn't talking to me. Was it that I was able to build the business in a way that I thought made sense for me, not only from the investment philosophy standpoint, but just kind of the structure of the business, not having this kind of huge infrastructure, but trying to manage money in a way that I think is aligned with many of your friends and many of my friends.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Well, I truly feel that happiness comes, my children ask me about happiness recently, and I said that happiness for me at least comes from the overcoming of struggle. It's not like struggling. It comes from the overcoming of struggle. And I think that in many ways my father did me a huge advantage by not backing me up front and not backing me at all, basically. But on the other hand, we would be probably much larger. And so there's like George Bush said, two sides to a pancake, right?”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Well, that is a very interesting question. I will tell you, and I'll be pretty open about this because he's passed away, but he had a falling out over money with his first son, who was with Loretta's side. And he disowned him. Unfortunately, we don't talk today. He is alive. We don't talk today. I never really got to spend much time with him for whatever reason. My parents never really connected us. But he had a falling out with his first son over money. And he wanted to make sure that his other two children, myself and my sister, were not handed anything and that we had to, you know, kind of do things on our own. And so that's why.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Called my mother. So, my mother for money, she gave me a million dollars and I raised the other couple million dollars from the people that I knew in the past and a couple new people. And so we launched with”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“No, that was later. That was later. And so now I'm at Middlebury College and Sci Acid Management is still operating and I have these five clients and it was just way too much for me to do. So I gave that money back and I focused on majoring in philosophy and international politics at Middlebury philosophy because I read Peter Lynch and George Soros majoring philosophy. So I said I'd better give philosophy a try and I loved it. And after graduating from Middlebury I went to work for Bear Stearns on the sell side covering packaged food companies. But for various reasons we can get into that if you want. But for various reasons I decided to leave Barristerns very quickly and launch my business. I went back to those five regional clients. This was before I came out to my father. This was autumn of 1997. And I went to my father to ask him for money. He said no. I went. So I said, God, I just.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“And I roughly tripled his money. So he was happy and his daughter was happy and I was happy. And so he became my first client, really. And then I knocked on other doors. I went to a hairdresser who cut my hair. He gave me like 50,000 or something. I went to a couple other people. Eventually, I had five clients. And that was the maximum you could have in Connecticut. And I formed a company called Sciet Management. And I had five clients. And that is all I could have under Connecticut or SEC law, I don't remember. I think it was Connecticut law. And I managed that money.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I was 16. I was 16, so he was my first client. The 400,000 though came with a, now that I'm thinking about it, the 400,000 came with one string attached. And that was that I had to take his daughter to Prom. She was another school. So I took her daughter to Prom and I took the $400,000.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“So I was telling Johnny, look, you're not going to get wealthy gambling. And of course, I had already read Graham and Fisher and so forth. So I convinced him that the way to make money is not to trade, but to buy good companies and hold on to them. So about a year later, about a year of conversation, he gave me $400,000, which was his life savings.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“And we became friends during that time. And then I really wanted to manage money. I thought for some reason I knew what I was doing, crazy me, right? And so I thought I should be managing some money, but no one would give me any money. So I started just kind of knocking on doors to use an expression. One of those doors was a restaurant called Lotus East in Greenwich, Connecticut on Greenwich Avenue. Lotus East was run by this wonderful guy, Johnny Chang. And Johnny knew I loved orange beef. And so I would go in after school and I would try to order orange beef from him and he would go out and he would actually buy filet mignon just for me to make orange beef, which is, I don't know, usually made with skirt steak or something. So he would make me orange beef. And when I was eating orange beef, we would talk stocks.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Is doing really, really well, so I bought the stock, and the stock symbol was WHO Waterhouse Securities, and it just was crazy. It went crazy. And that was another positive, formidable experience for me. Like that was very positive. And Kevin Waterhouse actually ran that branch. He was the son of Larry Waterhouse who sold the company to TD. So that's how I met Kevin Waterhouse.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“There was a company called Waterhouse Securities, which had just gone public. So I was aware of it. And they opened a branch at the Stanford Mall in Connecticut. So I applied for a job there and I got a job. And my job was to stuff the trade confirmations in the envelopes. And the person who had that job before finished every day like around 330. And I finished around noon, which meant that from noon to four, I could just watch. And what I saw was that every day more and more people were coming into the office. There were quote machines. So you could sit like it's not so unusual now, but you could come in, you can sit and look at your quotes and people would trade. People would trade. And I would see every single morning, I would get more and more confirmations to stuff into my little envelopes. And so I thought, gee, business.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, like looking back, I'm just thinking about certain things that happened. They were all very, very positive when it came to investing. So value line was one. I really wanted to get some hands-on experience. And so there was a”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“These experiences that, when I think you're younger, are a lot more powerful than you realize at the time. What things that happen to you, they could be negative or they can be positive. I was very interested in music. I was very interested in writing. I was also very interested in investing. But certain events happened over the next years that kind of reinforced the investing path. One was coming across this value line subscription, which I still have today. I still get value line today. And at the time, like my school library had it. So I would go to the school and I would bring it home and I'd go through it after class. And I just fell in love with Value Line. That was like a positive experience.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I mean, we spoke for about 60 seconds, and I just said I was a fan of her husband's music. And could I speak to him? And that didn't happen, obviously”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“No, no Funny you mentioned Bob Marley because besides investing when I was 11 years old at roughly the same time I was obsessed with Bob Marley and I tracked down. Track down, I tracked down Rita Marley's phone number And managed to call her when I was 11 and talk to her, which was amazing.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so the African American Mr. Clemens, Officer Clemens comes by, and Mr. Rogers says to him, would you like to share this footbath with me? And he says, sure. And so you, the camera zooms in and you see a pair of white feet and a pair of dark feet. And that was a very kind, but also a very political statement because at the time, you see African Americans and white people were not allowed in the same pool.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I didn't realize it at first until I saw another documentary. So there's this scene on one of his TV shows that it's a very hot day in the neighborhood at his house. And there's a little pail of water. And he says, I'm just going to take my shoes off and put my feet in the water. And I think that's a postman comes by.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Kindness back. I truly believe that. And so he was and has been influential to how I think about life and how I try my best. I don't always succeed, but I do try my best to live my life according to Mr. Rogers' values.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Yes, so Mr. Rogers was not just a TV host who was the central figure for Mr. Rogers' neighborhood, but he was also a Presbyterian minister. And I think that that upbringing education and that way of life influenced how he dealt with people. And he had this wonderful expression. He said that There are three ways to ultimate success. The first is to be kind, the second is to be kind, and the third is to be kind. I thought that was really interesting and very powerful and it meshed with how I wanted to try to live life. And it also meshes with, you know, this idea of reciprocity, which is deep-rooted human condition, right? If we give kindness to the world and we're going to get it.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Happen, right? So we all have these, I think, moments from our childhood that still are still deep rooted and probably painful, but overall, I think that I've gone through them and I've gone through them because of having the right people around me. And certainly marrying the right person.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I think we all have some damages, right? And I think that those stay with us. I'm pretty comfortable with myself today. I was reading a book recently and on a plane coming back from Europe. And I read these last three pages. Beautiful pages about ashes floating through one's family and one's past. And as I was reading these pages, I started crying and they hit me so hard because I think that in many ways, like I do, I did not have the time with my father that a lot of kids have growing up because he was constantly working. And so I still long for that, right? There are a lot of things that this period when we were not talking, that still is somewhat painful. I mean, it's in the past, but I mean, I would have preferred that not to.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Loved investment. And I decided that his approach was just not my approach. To answer your question, it was like, it's a long process and I don't have a roadmap. I just figured it out.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“I don't have a roadmap. I mean, I just kind of had to figure things out right over time. And it was a long process, I think, that if you're born today, it would be a lot easier, right? But I went to a very traditional, wonderful private school where I felt that it would not have been very easy just to be open about things at that period of time, very, you know, jockey school and very, very tough school and very great school. Obviously today it's much more open than it was in the past. So it just took some time. And I think it was the college years that helped me kind of climb my true self and figure out who I wanted to be personally and who I was personally. And at the same time, as I mentioned earlier, during my teens, I was working for my father. And I realized I really.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“Oh, no, not Going on there, yeah, I think you're totally right, William. Definitely not a homophob, definitely not. He definitely wanted grandchildren and he did know about my plans to have children. And when he heard that our children, we were in the process of having children. He was super, super happy. Unfortunately, since he died in 2008 and my kids were born in 2009, he never got to see them, but he was aware that they were on the way.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“And we started talking again from that moment. Then his goddaughter convinced him to come to my wedding, which was not easy for him, but it changed everything. And we became super close and he became super close with Andre. And we had a fantastic relationship for the remaining years of his life.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“So, yeah, we didn't speak for six or eight years It was very, very hard until his goddaughter convinced him to come to my wedding in Berlin in 2005. And at that point, actually right before then, we reconciled. So it was very interesting. I had not spoken to my father for many years. I guess it was like beginning of 2005 or so andre, my husband and I are going out for going to see a concert with Ivana Trump actually at the time. And Ivana, we had met Ivana after she went to dinner and she was at the Russian tea room. And she said that she just saw my father. So it was actually Andre who said, you know, you need to go to the Russian tea room now and see your father. So Andre welcomed me over to the Russian tea room. That's the first time I saw my father in whatever since between 1997 and 2005.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT
“He's lovely He's immensely challenged. He loves speaking with you. Thank you. He loved speaking with you, William, about Chris because you both are fans.”
2024-05-26 · We Study Billionaires · RWH045: Real Success w/ Christopher Tsai · IDENTIFIED FROM THE TRANSCRIPT