Download "Meet The $300 Billion Man"
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252Fdsl5A6AR1KA%252Fmaxresdefault.jpg&w=1139&q=75)
Similar videos from our catalog
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252F1Njthv7YS5Y%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252F9Tf-7CrOrFY%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FIQUbWapg8-Y%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FZH1zb0yiKh4%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FejDTWhbSY4w%252Fmaxresdefault.webp&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FsHWg-h3lqfU%252Fmaxresdefault.jpg&w=1139&q=75)
Video tags
Subtitles
Russian
00:00:01
richest men on the planet and we just00:00:04
arrived at his 100 million dollar00:00:05
mansion here in Palm Beach so he can00:00:07
tell me exactly how he got here thank00:00:09
you so much for having us at your house00:00:11
today this is without a doubt the most00:00:13
beautiful house I've ever seen in my00:00:14
life really yes thank you as of today00:00:18
how much in assets is your company00:00:21
interactive brokers have under00:00:22
management uh we're roughly 350 billion00:00:27
dollars wow you've come a long way00:00:29
though let's take it back to the00:00:31
beginning let's tie sure yeah let's go00:00:34
back to 1944 the year you were born 194400:00:38
I was born in in Budapest00:00:41
uh during the time when the city was00:00:45
under siege and it was being bombed and00:00:48
I was born in the basement of the00:00:51
hospital because there was a bombing00:00:54
rate there was a bombing happening while00:00:56
you were being born right all right and00:00:58
growing up under those conditions what00:01:01
was that like you grew up with your00:01:02
mother and your father I just grew up00:01:04
with my mother and you guys didn't have00:01:06
much money back then we had no respect00:01:09
that badly had any food is it true that00:01:12
you made your first money in high school00:01:14
from selling Juicy Fruit gum to00:01:16
classmates that'd be amazing yes that is00:01:19
true yes I was 12 years old at the time00:01:22
it was at the time of the Hungarian00:01:24
Revolution the Hungarian people were00:01:28
basically fenced in so that they00:01:32
couldn't go out and I had an older00:01:34
friend who was about 18 years old in the00:01:37
building who went out to Vienna with the00:01:40
Red Cross truck and came back with Juicy00:01:43
food grubs and he saw them to me for two00:01:47
dollars a stick and I cut them into five00:01:49
pieces and sold them for one dollar a00:01:52
stick that's amazing how much money do00:01:53
you remember making from that a couple00:01:56
of hundred wow yeah well actually I00:01:59
brought you a gift I served you with you00:02:01
through God searched for a few days and00:02:03
I found the original packaging from00:02:06
1970. Juicy Fruit gum this is actually00:02:10
the thing yeah it's amazing00:02:13
maybe we should open it up and share a00:02:15
piece together yeah all right no no no00:02:16
it's too old it's too cold you think it00:02:19
wouldn't be good anymore I think it00:02:21
might be the last piece of Juicy Fruit00:02:23
you ever have in your life that's crazy00:02:25
thank you very much you're welcome I00:02:27
will keep it at the souvenirs it's00:02:29
amazing that you found them those those00:02:32
must be your neighbors flying in the00:02:33
helicopter yeah well Trump doesn't like00:02:36
it when it flies over here yeah no he00:02:39
just sleeps down there three hours is00:02:41
down that way yeah just around the00:02:43
corner from Trump right not bad yeah00:02:46
so After High School you moved to the00:02:49
United States I was 21 when I came to00:02:52
the United States what type of00:02:53
challenges did you face when you moved00:02:56
to America did you speak English did you00:02:57
have money saved up did not speak00:02:59
English and I did not have money so that00:03:02
was a challenge both of them very00:03:04
challenged so so how did you get by how00:03:06
did you make your money when you came to00:03:08
America uh I got a job as a draftsman so00:03:12
I will start doing surveying back in00:03:14
Hungary I understood maps and I was00:03:17
hired by a highway designing firm to00:03:20
throw Maps basically highways so how did00:03:24
you turn that into learning computer00:03:26
programming how did you learn about00:03:27
programming in New York they didn't00:03:29
teach that in Hungary they didn't teach00:03:31
it anywhere at that time yet the company00:03:33
where I just got this job both a little00:03:37
uh computer in those days there were no00:03:41
commercially available computers in the00:03:44
United States so they bought this00:03:46
computer and they realized that nobody00:03:48
knew how to program it and I volunteered00:03:51
to learn how to do it and I did how did you00:03:54
learn manuals I just did the manual and00:03:57
started writing the program and that00:04:00
skill ended up being the one that00:04:02
changed your life forever and got you to00:04:04
this point today but first I want to00:04:06
know about how you went from working00:04:08
that job to getting a seat on the00:04:11
American Stock Exchange so before I did00:04:14
that I went to work as a computer00:04:16
programmer on Wall Street where I heard00:04:19
about options boots and calls I was00:04:22
intrigued by the question of how to00:04:24
calculate the correct price for an00:04:27
option I figured that out and wanted to00:04:30
go to trade for myself and so I've been00:04:34
saving00:04:35
money and over the 10 years of working I00:04:40
saved up two hundred thousand dollars00:04:42
which in those days was more A Lot 20000:04:45
yeah today so I I bought a seat on the00:04:48
stock exchange and went on to the floor00:04:51
as a Trader that was very different in00:04:53
those days because there were no00:04:55
computers there was you know just people00:04:57
yelling and shouting and you you at the00:05:00
time felt like that was not the best way00:05:03
to do this00:05:05
the next certainly was not the best00:05:07
place to do this because by that time I00:05:10
was yelled by that time computer00:05:12
technology was at the time just at the00:05:15
point where you could have computerized00:05:18
the exchanges this was in 1977 but of00:05:22
course they didn't but I do this because00:05:24
the big traders made their money out of00:05:26
the chaos he didn't want to break the00:05:28
system that was already there but in00:05:30
1984 you launched timber Hill which has00:05:34
now become interactive brokers right the00:05:38
largest Brokerage in the United States00:05:40
can you tell me the story of how it00:05:42
started as this small company TP and Co00:05:44
timber Hill to now be coming to this00:05:46
level you're amazing you really did you00:05:49
remember yes of course I had to00:05:52
so I spent Five Years on the floor00:05:54
trying to understand how things work00:05:58
kept asking them to convert to00:06:01
computerized systems and they kept00:06:03
saying no no go away go away that00:06:06
specialist didn't want to trade with me00:06:08
because I knew that I knew the number is00:06:10
better than they did so I hired a very00:06:15
attractive young women00:06:17
to trade for me we told them what to00:06:20
trade I went back to a specialist and00:06:23
they said I'd like to buy such and such00:06:25
after all the Specialists rised up and00:06:28
they said well that's not going to work00:06:30
by the rules they were right so I didn't00:06:32
know what to do so so that in 82 and00:06:36
decided that I would have a computer00:06:38
that would get all the all the prices so00:06:42
my computer took in those bids and00:06:45
offers and analyzed them and printed out00:06:49
the best trades to do you wrote this00:06:51
program all yourself I I did the program00:06:54
yeah which by the way I have in my00:06:56
office here you have it yeah I can show00:06:58
it to you00:07:01
so you build the hardware too00:07:04
yeah we did in the office right it's a00:07:06
lot different than the MacBook but it00:07:09
was decade and a half earlier00:07:12
so it was touch sensitive and you could00:07:15
communicate with the computer by how00:07:17
where you touched it so how do you go00:07:19
from creating something like this00:07:21
getting your company off the ground to00:07:23
taking it to now billions of dollars00:07:26
well you know this was 40 years ago when00:07:29
I we ran down with the so 40 years is a00:07:32
long time you know it didn't come very00:07:34
fast you know it's just you have to do00:07:38
it day after day after day week after00:07:40
week year after year it takes a long00:07:43
time was there ever a moment that you00:07:45
wanted to give up or it got really00:07:46
difficult uh well several times I've00:07:48
always went bankrupt yes yeah several00:07:51
Banks so do you remember what that felt00:07:53
like sure remember it's horrible00:07:57
on the flip side do you remember the day00:08:00
that you became a billionaire00:08:03
no you know I don't00:08:05
but I remember the times that I always00:08:08
win bastia so that's just something that00:08:12
happens and the day goes on as normal00:08:14
that no the billionaire is not it is the00:08:18
first million in the first 10 million00:08:20
that are difficult once once you got00:08:23
there00:08:25
goes faster and faster your story is00:08:28
incredible I think it's the most00:08:29
incredible of any business person I've00:08:31
ever met in my life I want to switch it00:08:33
around and I want to ask for some advice00:08:35
because all my viewers are young00:08:37
entrepreneurs or aspiring investors the00:08:39
first thing I want to talk about is that00:08:40
you've seen many ups and downs in the00:08:42
market you've seen some of the worst00:08:43
crashes in history do you think we're00:08:46
headed for another market crash00:08:48
well uh00:08:50
I mean that'll be they'll be crashes00:08:54
and there'll be a final crash a final00:08:56
Crash from this there is no return00:09:00
there I I believe that because there is00:09:04
social dissonance and there is we don't00:09:08
have a financial solid Financial basis00:09:12
anymore even over the debt and we can00:09:15
just keep adding to the dead so I think00:09:17
eventually through the collapse and when00:09:20
it comes back it will take some years to00:09:23
come back the companies and the stocks00:09:27
will not exist when when the system00:09:31
comes back again so the idea through the00:09:34
stocks that you end up with will be00:09:36
birthday it's almost like a reset yeah00:09:41
so how can we prepare for that how can00:09:42
somebody like me prepare for that00:09:47
but my mother told me always the only00:09:50
thing they can never take away from you00:09:52
is what you have learned what do you00:09:54
think is the most important lesson00:09:56
you've learned if you are sitting with00:09:58
Thomas at 18 years old and he was00:10:00
looking you in the face what is one word00:10:03
of advice you would preach to him00:10:06
be ambitious00:10:08
try to succeed at all cost00:10:12
the last question I want to ask you is00:10:15
that you've achieved what most people00:10:17
would consider the dream life you have00:10:20
everything you've made billions of00:10:22
dollars you have houses around the world00:10:23
you have a family00:10:25
what's left is there anything that you00:10:27
feel like is missing in your life00:10:31
no sure I still want to succeed better00:10:33
than I am and so far I like interactive00:10:37
brokers to become bigger and more00:10:40
successful and I think that's the reason00:10:42
why you're here today is because you00:10:44
care about building the best product the00:10:46
best team and helping your investors so00:10:49
that's correct I really appreciate this00:10:51
interview it means a lot to me please00:10:53
subscribe to Jordan's channel it's00:10:56
terrific I have seen some of the videos00:10:58
he has made I think you will learn a lot00:11:01
if you subscribe and watch00:11:04
see you guys in the next one00:11:09
subscribe yet I don't know what you're00:11:10
doing me talking money on meDescription:
I interviewed billionaire Thomas Peterffy to learn how he went from $200 to $25 billion. Follow my Instagram: https://www.facebook.com/unsupportedbrowser Thomas is the 56th richest man in the world and he invited the 32381231th richest man in the world to his $100m mansion in Florida to spend some time together... Bro changed my life ngl. Thomas is the founder & chairman of Interactive Brokers for more info check them out here: https://www.interactivebrokers.com/en/home.php
Preparing download options
* — If the video is playing in a new tab, go to it, then right-click on the video and select "Save video as..."
** — Link intended for online playback in specialized players
Questions about downloading video
How can I download "Meet The $300 Billion Man" video?
http://unidownloader.com/ website is the best way to download a video or a separate audio track if you want to do without installing programs and extensions.
The UDL Helper extension is a convenient button that is seamlessly integrated into YouTube, Instagram and OK.ru sites for fast content download.
UDL Client program (for Windows) is the most powerful solution that supports more than 900 websites, social networks and video hosting sites, as well as any video quality that is available in the source.
UDL Lite is a really convenient way to access a website from your mobile device. With its help, you can easily download videos directly to your smartphone.
Which format of "Meet The $300 Billion Man" video should I choose?
The best quality formats are FullHD (1080p), 2K (1440p), 4K (2160p) and 8K (4320p). The higher the resolution of your screen, the higher the video quality should be. However, there are other factors to consider: download speed, amount of free space, and device performance during playback.
Why does my computer freeze when loading a "Meet The $300 Billion Man" video?
The browser/computer should not freeze completely! If this happens, please report it with a link to the video. Sometimes videos cannot be downloaded directly in a suitable format, so we have added the ability to convert the file to the desired format. In some cases, this process may actively use computer resources.
How can I download "Meet The $300 Billion Man" video to my phone?
You can download a video to your smartphone using the website or the PWA application UDL Lite. It is also possible to send a download link via QR code using the UDL Helper extension.
How can I download an audio track (music) to MP3 "Meet The $300 Billion Man"?
The most convenient way is to use the UDL Client program, which supports converting video to MP3 format. In some cases, MP3 can also be downloaded through the UDL Helper extension.
How can I save a frame from a video "Meet The $300 Billion Man"?
This feature is available in the UDL Helper extension. Make sure that "Show the video snapshot button" is checked in the settings. A camera icon should appear in the lower right corner of the player to the left of the "Settings" icon. When you click on it, the current frame from the video will be saved to your computer in JPEG format.
What's the price of all this stuff?
It costs nothing. Our services are absolutely free for all users. There are no PRO subscriptions, no restrictions on the number or maximum length of downloaded videos.