AI in Investing and Wealth Strategy That Beats the System with Justin Kuyper

0:00 And then what I realised is that in the in the institutional world and then the retail world are two very different, very different worlds and the access that you get is very, very different. So for example, the top 1% of investors get access to specific opportunities that the rest of the population does not get access to simply because of divergences in net worth differences in opportunity.

0:28 And So what the ultimate goal for this was to basically bridge that gap by through technology and giving the solution at a much lower cost anyway that that's sort of that was the thinking behind this platform. So before. We dive back into today's conversation. I want to share something important.

0:47 This episode includes a pay partnership with Better Help, a platform designed to make starting therapy easier. I know from my own journey as a leader and entrepreneur that life can sometimes feel overwhelming. There are seasons, severe stress, uncertainty, and pressure build up, and you need a safe space to process it all That superior therapy comes in. Therapy isn't only for people facing technical challenges. It's a space to reflect, grow, and find better ways to manage stress, relationships, and personal goals. It takes courage to seek help, but it's also one of the smartest investments you can make in your mental and emotional welding.

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1:34 And with over 7000 reviews and a 4.5 Trustpatibreaten, Better Help is a platform you can rely on. So if you feel like you'd benefit from talking to a therapist, visit Betterhub. Dot com forward slash king. Gamesthatsbetterhub.com/king Games to get 10% off your first month of therapy. Once again, this is a paid partnership with Better Help and I encourage you to take that first step. If you've been thinking about it, sometimes the best investment you can make ease in yourself. Welcome to The Kingdom's podcast, where we share the stories of extraordinary people and dissect hot, relevant topics that shape our world.

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2:28 Music. Licencing Reimagined we are live you once again a welcome to the King James podcast and diary of a CFO. And today I've got with me fighting out of California, Justin, the financial hero creeper. How are you today, Justin? Doing well? Doing well. How are you? Right. All right. London, England is quite hot today. The weather is, you know, anyways, the British weather is always a fluctuating yesterday it was cold, today sunny. We don't know what tomorrow's going to bring, but it is what it is.

3:13 We're glad we we're on fire today. And of course, finally we get to make it happen. We are giving justice to Justin Day. So for those people who may not know you trusting, he's the founder and CEO of Openfest. He's a general partner at Clear Drop Investment and his purpose is to explore our financial, would I say accessibility for the common person.

3:44 So we are going to explore Justin's joining from hedge fund outperformance to fintech disruption and unpack how open versus democratising elite investing and share strategies that inspire entrepreneurs, business leaders and everyday investors to rethink wealth and financial growth. Ladies and gentlemen, please make welcome.

4:06 Justin, how are you again? Doing well, yeah. So let's let's let's dive in where are. You ready to rock'n'roll? Absolutely, Absolutely. Let's. OK, OK, interesting. 1. You know, something that would I say struck my eye when I was looking into your profile was the fact that you actually have an MBA from Columbia and of course you were top 20% in your class and you fluent in 4 languages.

4:39 So briefly tell us what languages are you are Floyd at and of course touch on your MBA journey. Sure, sure. So the language is just so for for everyone's curiosity, so English, French, Spanish, Portuguese are the four languages. So, yeah, obviously growing up in a very multicultural international sort of environment just helps you think broader more broadly in terms of different just business in general. But in terms of the MB AI think what what that really helped with was, you know, obviously Columbia is one of the foremost, I mean if not the foremost financial school I would say in in the world in terms of MBA programmes. That was a very formative part of my journey. But the idea for the business

5:33 actually happened before that, but I was actually building it parallelly while doing my MBA. And so there was sort of AI mean. I don't recommend everybody to do something like that because it's very intense, the programme very intense on its own. But yeah, just given the situation I was in, in life, that's that's ultimately what happened. And so, you know, I was building it parallelly while pursuing the MBA.

6:00 So, so the advice would be to to pursue a less intense MBE because everyone needs that business knowledge, you know? Or just our meaning, just if you're pursuing the MBA, focus on the MBA and then like do like don't, don't go into the situation like I did where you're apparently trying to like launch a business and get the degree at the same time is what I would say there. But in turn anyway, in terms of that though, the I mean, you know, it did ultimately pan out for the better. So you know, we did manage to build the platform. I was actually in living in meaning just during it and then just after the MBA, living in India full time working with a core team there.

6:46 So obviously I have a Co founder who's also US based and then we have a core team of engineers there. So I was living there and working on this seven days a week for basically five months. Wow. That's quite interesting. Yeah. So getting all the regulatory licences, working with the team, they're getting the approvals, and then like integrating all of the technical aspects of this platform, everything you could think of from the APIs to the back end software, the front end, and making sure just all the pieces were flung together.

7:22 Wow, interesting stuff. You know, you, you talked about living in a multi cultural environment, so I'm quite curious, like where did you grow up? Yeah. So grew up in California, in Los Angeles specifically for the 1st 14 years of my life. So I actually went to a International School here. So meaning the languages there were both French and English.

7:46 So that's sort of where, you know, half of the lingual ability came from. And then Spanish was just by virtue of my mother already spoke Spanish and that just sort of came about as well and was emphasised from a very early age. And then beyond that, a lot of time was spent in Brazil specifically.

8:09 So I lived there three or four months at a time for many, many years. And so that it's just sort of how all those languages came into so you. Picked up the Portuguese. Yes, yeah. We have Braziliano Obligado. Interesting. So for you, I'm quite curious now, your name, your your last name, right? What's the correct pronunciation of the last name? And of course, it sounds like a European name. Like what's the origin?

8:37 So you're correct, it is a European name. So Kuiper is the way you pronounce it. It's a, it's a Dutch last name. So I guess on my, I guess my father's side of the family great grandfather came from Holland. And so that's that's where the origin of the last name. Wow. Speaking of persons with Dutch origin, you know there there are quite a number of them in South Africa.

9:02 And of course I'm a very big fan of the UFC. And last night it did not go our way. We had our boy Trika's du Plessis fighting against Hamza Chamayev and it wasn't the result that we expected. You by any means follow the UFC or do you know Tricus de Plessy? I follow the UFC at a high level but I was not aware of this match so I'll. Have to.

9:25 Wow, wow. But of course you know, you, you, you should know your boy Tricus de Plessy. Wow, Unfortunate now former champion. I wish him all the best. I hope he comes back better. And of course, you know, we're talking about you here. So we've spoken about your early life, you know, and how it shaped your global perspective, right?

9:46 Studying at Cornell, Columbia, the Hill School. Wow. And of course, you, you studied at some French school in Los Angeles. And of course, you have that multilingual ability. And I think that definitely must have inspired you to see the world as your oyster. Let's talk about places you've been in and how they have influenced your business.

10:12 Yeah. So I think, yeah, that's a very good question. So I think ultimately, when we think about this business, we're thinking about it from a global perspective, right. So ultimately what we realised even before we started building it and then even during the build and even after the build, was that the same core problem was always in place, which is basically most users or most individuals who invest their money don't have the time, the expertise or the knowledge to know how to do so.

10:43 And even if they invest in a particular platform or a brokerage or whether it's, you know, Barclays in the UK or Vanguard or Fidelity or Schwab in the US, just to give a few examples. They're usually what these institutions are doing is they're extracting very large fees from the consumers or the customers for very mediocre performance. And so we try, we're basically built something that disrupts that entire model by just giving a flat low cost subscription, but for the same access that you would get in the higher performing hedge funded private equity type of investments. And so we're giving you that same annualised exposure. So if you think about the returns that you would expect to get, it would be something

11:30 closer to 3040% annualised, sometimes even more so if you actually download the application. Or you can go on the website. Like I said, for the individuals who are not currently in one of the 11 U.S. states that we're live in, you can go on the website at openvest.co and click on Get Access soon. And if you just put your name, your e-mail, your phone number, we will let you know the minute we are live in your country and location.

11:58 But the ultimate goal was to always look at this from a global lens and never from sort of a local or regional point of view. Interesting stuff. So what 11 countries are as 11 countries rather 11 states? Are you currently present in the US? Yes. So we're currently available in California, New York, Florida, Colorado, Georgia, Kansas, Louisiana, Michigan, Ohio, Texas and Utah.

12:31 So those are the current states we are, we will be expanding into others, but meaning we're just going sort of steps at a time at this point. So we started with three states, now we're in 11, and then we'll go much, much broader very, very soon. Hopefully, hopefully so your profile says that you've been a general partner at Clear Drop Investment since 2020 and of course that you Lord, are consistently outperforming benchmarks, right, industry average benchmarks. So what principles Dr these success? Yeah.

13:11 So I think so prior to launching this platform like I was working in New York at a couple different financial shops and then proceeded to start basically my own fund in the space because there was client interest for doing so. And then what I realised is that in the in the institutional world and then the retail world are two very different, very different worlds and the access that you get is very, very different. So for example, the top 1% of investors get access to specific opportunities that the rest of the population does not get access to simply because of divergences in net worth differences in opportunity.

13:57 And So what the ultimate goal for this was to basically bridge that gap by through technology and giving the solution at a much lower cost anyway that that's sort of that was the thinking behind this platform. And so the, the discipline, sorry. And to answer the question, I guess going back the, I think the IT takes discipline, execution and ultimately focus. It's like knowing how to solve a puzzle, right? Finance ultimately you have to know how to dissect not just information, but what are the right pieces of information that allow you to draw the right conclusions, right? And so a lot of that is just doing different analysis from public filings, from macroeconomic data, microeconomic data coming from

14:46 all kinds of different sources. So the Federal Reserve data, Treasury data, company specific data and you sort of meld all of that together, you can predict with a relatively high level of probability what the outcomes will will be. And so if you, as long as you can do that effectively basically with your own proprietary system, then you can really know how to basically outperform and create very strong portfolios. Well, you mentioned, you know, a mix of what I say, attributes. Yeah, a mix of attributes or attitudes and of course, technical competence in terms of getting these results. So it reminds me of a quote that I like very much that hard work beats talent every time talent does not work hard. Hard work beats talent anytime

15:58 talent doesn't work hard. So these podcasts, so the Kingdom's Forecast is about growth mindset, leadership, and business insights. And it just felt like you encapsulated like what The Kingdom's Forecast is about in just one nutshell. You spoke to the growth mindset, you spoke to the leadership, and of course, using business insights. It's quite interesting.

16:24 So I very much appreciate you for that. But I'd like for you to touch a bit on what the group mindset means to you and what you'd advise, you know, our viewers to do or to incorporate into their attitude, you know, in terms of a growth mindset perspective. Yeah, that's a very good question. So one thing I like to do, and I think this could serve for a lot of other viewers out there, is always whenever there's a challenge or a tough problem that you're trying to conquer or get across, always break it down into much smaller steps, right? And so the shift in attitude comes from taking small steps and making measurable progress on those small steps. So as long as you can break a large task down South, for example, building a complicated

17:18 technical platform and giving like you need to tackle one piece at a time, right? And sometimes that starts with writing the first line of code, right? It could be an example or OK, I'm trying to finish this, you know, multi hour task. Let me start with the first task within that, let me go to the second task.

17:40 Let me go to the third, right? So that that would be one thing that I think would shape your attitude because as you're building more success or you're accomplishing those smaller tasks, you can ultimately get to the bigger goal. But if you visualise the bigger goal from the start, it's going to seem like you're just climbing Mount Everest.

17:58 And that may not work because eventually you'll just give up along the way. Interesting, interesting one. I love, I love that contribution. You know, they say a journey of 1000 miles begins with a step, you know, baby steps and you would see the mountain crumble. So brick by brick, basically a lot for you to touch on leadership and of course business insights because a lot of what I say, over 70% of the population of the audience that listen to this broadcast are young professionals and entrepreneurs part the data that comes to tours via the back end on purchaser phonics, even the Spotify back end, I see that more than 50% of our listeners do have higher than a university degree or a university degree or higher basically.

18:59 So these are people that are would I say, well educated and are passionate about getting education via this platform. So in terms of leadership, especially for business and the appropriate business insights to use to make well informed decisions, what would you advise? I think one piece of it is whatever business, regardless of what business you're in, always look at the data and the facts for what they are. So meaning do not incorporate bias in your decisions. And I think that's an important part of leadership as well, is just to be as objective as you can possibly be. So a lot of times human biases come into play, especially with regards to leadership decisions.

19:53 So that can be something as simple as who on my team am I going to allocate this specific task to, right? Or who's going to manage the back end development of the technology? And why would I pick that person, right? Sometimes like you need you need to look at who who's going to do the job in the best way possible and for like in the least sort of.

20:19 Complex manner where where the objective can still be met, but the the speed and timing of the process can still work in your favour. So I think one leadership principle that I've seen at least that separates a lot of the the best leaders from from the rest is ultimately being objective and calm even under pressure.

20:41 So that that's one piece of advice I would give. I guess that's that's the Big Brother advice from a Columbia MBA. Guys deal with that information, whatever you wish to do with it. But I think you should take that piece of information very seriously. So let's talk about, you know, clear drop, right?

21:02 So what has been the hardest part of sustaining a top 1% performance year on year? Consistency is very difficult, but how do you guys achieve it? Yeah. So I think part of it is just the sort of processes that we've put in place that allow us to adapt to different market dynamics, different operational dynamics.

21:31 And so it's ultimately a question of staying on top of what you know and then ignoring or or not getting into situations where you're outside of your circle of competence. So in other words, if you're making specific decisions or certain investments and things you are not fully confident in, then you're less likely to have a positive outcome from that, right. So that's one aspect of it too, I think is like the risk management is probably the most important part. And what that means is not just having a risk framework, but knowing when to pivot, which is obviously a lot to like there's, there's the element of like upside risk, but I mean downside risk and upside risk, right?

22:20 So sometimes the people misquantify what risk actually is. And so like there's, there's different, I guess we have a different view on that. And that allows us to position ourselves in a more competitive way. So like you have to manage the downside, but also like if you ignore there, there are a lot of funds and a lot of investment managers out there that play to simply avoid the downside, but at the expense of the upside.

22:47 And so you have to be able to capture that at every given moment, right? Because in some years the market works well for you, but in other years, if your returns crumble, then you'll lose your reputation and your performance. And so it's just a matter of keeping all of that in place. And like I said, yeah. So I think, I think operations and risk management like having a very, very, very solid framework for those is probably probably the two most critical component. OK, cool.

23:16 So, so how's your work at our clear drop informed the strategies that you're not offering to everyday investors through Open Vest? Yeah. So that actually played a very critical role because through through my initial experience right at Clear Drop, I was able to learn the dynamics of the institutional world and basically figure out a way to mimic that for a much broader audience. So my point is, if I had started the Open Vest platform without that experience, I'm not sure that the platform would have been as effective because you have to have the right experience in order to leverage the insights and provide that to the consumer.

24:08 It takes financial knowledge, which was sort of that key piece, but then there's also technical knowledge and legal knowledge to know how to do these things. And I think from running the operations of an actual fund like it, it can help you especially in those other regards as well. OK. So in terms of our founding open vest, right, you have had some sort of Wall Street accessibility.

24:41 So in like simple terms, what is open Vest and how is it different from robot advices, you know, or wealth managers or just AI inspired or AI LED platforms? Yeah. So Openvest is the only actively managed platform for users. So meaning robo advisors and every other example that you just mentioned do some form of the exact same thing, which is they're giving you an index, whether it's the FTSE, the S&P, what have you, and then they're giving that to you, to the consumer and then charging a fee for it. So what what does that mean?

25:27 Implicitly, it means that you're guaranteeing underperformance because if you're mimicking the index and then they're taking a fee and then you're getting your cut after that, then you're guaranteeing that the user underperforms. Here what we're doing is we have proprietary insights and knowledge that has consistent like beaten the market over many, many periods that have been tested, right?

25:51 And So what we're giving to the user is basically that better performance at no more than a $3 a month maximum subscription. So that is essentially cutting out the fees in the process and giving you the higher returns that the user ultimately deserves. OK, so in simple terms, how did you feel compelled right to leave the traditional Wall Street and build a fintech startup from scratch?

26:26 Yeah. So I think ultimately, I mean, there are a few different elements to that, but but one thing was I saw a much bigger opportunity here and it could have much more of an impact with the meaning user adoption and building something that could actually serve a much broader base. So that was one part of it too was I think, you know, ultimately being raised in California initially and coming from a sort of tech background, you know, I think my parents are both electrical engineers and come from the legal realm. So that was always sort of where my influence was based, right. And so I think the combination of those things just made me realise that this was an opportunity where something could be built and it could be

27:25 become very, very powerful. And as we've noticed in the early days of of launching this, we've seen, you know, natural network effects and natural growth just from, you know, already starting in these 11 states so far. OK. So you've actually called assets under management fees broken. Can you explain why and how the $3 per month flat model is better for investors?

27:53 Correct. So if you think about the AUM model, right, the more money you have, the larger the cost it is to you, right? So let's take a simple example, 100,000 pounds for the sake you know a 1% fee takes out 1000 lbs right? But if you have £10,000,000 a 1% fee or £100 million, a 10% fee takes you know 1,000,000 lbs out right? So basically the bigger the numbers, the fee is taking a larger cut out.

28:31 So it's almost a disincentivizing tool. Whereas if you're charging a flat fee, essentially what you're saying is we're giving the user more of the upside, right? Because it's implicitly embedded in that. So if you're going from, you know, 100,000 to 1,000,000 to 10 million, the cost is the same.

28:55 Whereas in the AUM model, if you're going from 1000 to 10,000 to 100,000 to 1,000,000, the cost is increasing. Well, so you're basically incentivizing them to to make more money, correct? While keeping the cost constant Exactly. But but some people would argue that that is less favourable to the investors on the lower end of the continuum. Yes, but well, maybe but at the same time it is effective so that that's one piece of it, right. Effectively it's cheaper, but even I think it ultimately benefits people on the lower end and the higher end. It just may be a higher marginal utility on the lower end, but but ultimately there is benefit across meaning from low to high. But the other element again of

29:48 the platform is, so that's on the cost side, on the performance side, the fact that you're giving more than just the robo advisor indexes, meaning like that the difference in compounded annual growth on even just like an additional, let's say 5 or 10% per year, that that really adds up and makes up a big, big, big difference. Interesting stuff.

30:12 So you've actually balanced being a fund manager and being a founder. So how? How do you juggle both worlds? The short answer is I, I don't sleep very much. That's that's the short answer. Yeah. You know, I have small teams, but I've just, I've just been managing both. Yeah, just with, with all these things going on.

30:34 Yeah, You know, it's, it's highly relatable. I can very much relate. It's it's never easy at the beginning, but hopefully, you know, things get easier as we as we expand, you know, and of course as you grow over time, people don't see the pains behind the gains. They only see the gains. Never. That's fine. If anybody ever told you the pathway was easy, just know the light.

30:58 So why did you prioritise the bootstrapping and user first growth instead of chasing VC money? Yeah. So I think one element that's very important is control, right? Meaning that if you take the VC money early, you're effectively giving up control. And you, I mean, show me one example of a company that took VC money early and ultimately succeeded in when I say succeeded, meaning got to later and later rounds and managed to expand and actually grow their business empire and did that without any sort of conflict or getting kicked out by the VCs themselves or something of the sort. Like I have yet to see an example of that for that works. And that's not just today, that's across a spectrum of, you know, 50-60 years, right?

31:50 So I think the important piece here is that if you can build something on your own without taking the VC money or at least where you can preserve majority control, that is probably the more important thing, especially if you are on some level of growth trajectory. And so we've already seen some level of growth even without taking a dollar of outside money. And so that I think is pretty foundational and is like providing the right framework to, especially as we're growing now to then expand in the ways that we can actually drive the company forward.

32:32 Interesting. So Speaking of frameworks, if you had to give entrepreneurs a three-step framework for disruption, what would that be? Yeah, find a problem, a problem that nobody else is solving. Meaning. And when I say that meaning in a clever in a clever way that nobody else has approached it, always provide a prototype.

32:53 So don't just talk about ideas, but actually show the prototype. And 3rd would be always get a paying customer first before you do anything else. Interesting stuff. Yeah, that's actually very, very important. So let's talk about the future of finance and technology. So where do you see fintech, alternative assets and wealth platforms heading in the next 5 to 10 years?

33:19 Yeah. So I think ultimately these platforms will continue to become more and more sophisticated, especially with AI coming into play, more information will be available and at a much faster pace. But I do see the democratisation of different wealth strategies that that will continue to push forward.

33:41 I see that continuing meaning even it started to get some ground today, but meaning the broader access to different opportunities I think is a really important trend that will sort of continue on. Amazing stuff how GZ tech trends like AI and blockchain and you know, other global trends are reshaping the accessibility of investing.

34:08 Yeah. So I think ultimately the AI, it's I don't think it's reached a point yet where it has gotten there, but but ultimately the the speed of information is what will I think be one of the differentiating points in this space. So crypto is quite controversial. So what's what's your take on crypto and regular investors investing in crypto?

34:35 So I think there are a few different elements to this. One is obviously there's the argument that, you know, Bitcoin is essentially digital gold. That's one argument. I think crypto is now becoming a different form of a financial instrument. So especially with the, especially the Genius Act in the US and all of these different stable coin propositions that are coming about, other cryptos as an investment are probably more speculative than anything else. So your doge coins or you know, any other coins that are just sort of meme coins and whatnot, can't really comment too much about those because that's not our area of meme. Coins.

35:21 Old coins. Yeah, those are all. That's a whole different ball game, but I would think of it as broken down into yeah, so exactly the meme coin altcoin sort of thing. The Bitcoin is digital gold and then the Ethereum sort of as a new layer of stable coin and financial adoption would be sort of a high level framework for.

35:45 I mean, again, it's not a bad investment. So if you in the sense that especially for Bitcoin or Ethereum, if you want to diversify your portfolio and have one or 2% of your asset base in there, I see nothing wrong with that. But I cannot yeah, I mean at least on a on a high level, but I cannot comment on the the specific nature of different coins meaning different meme coins of the sword. But so some of them are viable investments, the more meaning the more well known coins.

36:18 But other other than that, I wouldn't venture too deeply and say, oh, this is something that is, you know, a long term viable investment other than the Bitcoin or the Ethereum. But those you could probably hold and just sort of take those as a diversification. Play interesting stuff. So what would be your advice to the audience today for them to, would I say, take as a first step towards protecting their wealth, making their wealth? Would I say future proof and recession proof? What strategy would you advise them to implement today? Yeah.

37:04 So one thing I can say is that through through our proprietary insights were essentially that's essentially what we're giving users and that's the whole reason why we sort of created this platform. So I would say for any individual who is interested in that sort of thing to go in on the website openvest.co and click on get access soon.

37:27 And then if you enter your name, your number and your e-mail, we'll let you know the minute we're live in your particular region. And we're essentially providing you those proprietary insights and and those specific investments that protect you during down markets. And we'll give you more of the upside, especially in up markets while that's happening. So as somebody that is fluent in multiple languages and cultures, how does these global mindset influence how you think about mind and leadership?

38:02 Leadership, I can say it's yeah. So you always want to think from different perspectives, right? So especially when you're working with groups of individuals, not only in your home based country, but in other countries, you have to learn how to culturally adapt. And so that means not just adapting to like the one is the customs of the country, but 2 is like the different work schedules and sort of how they work with each other. So cooperation is a big part of that. How it's changed my view on money. That's very interesting.

38:33 I just think money is the ultimate tool for creation in the world, meaning if you have it, you can use it to do very innovative things. And so I think that's ultimately what, at least from my point of view with money serves as. So, you know, they're like, I'm not even talking about, you know, ambition or greed or anything of that sort.

38:57 I'm just saying that it can be an enabler of creations and ideas. And so that that's something that I think only would come from a global having a global lens in the first place. Absolutely. So what are the key daily habits or philosophies that you practise that you think helps to keep your heat performance?

39:21 I think 1 is to always stick to a sort of always having A to do list, right? So meaning if you have things that you have to get done in a particular day, write them down and check them off. That's like, it's a very simple thing, but I've, I've been surprised that how many people do not do that. And then suddenly one or two or three tasks slip at the end of the day and then it ultimately carries the next day. And the problem with that is there's a compounding effect to that because then the next day they'll maybe solve one or two or three of those, but then there are three of the two other items that jump on their list.

39:57 And so it's just like a so basically just write things down, check them off would be 1 critical part of that too, I think is obviously maintaining discipline. And So what that means is, you know, if you're until a task is complete, like just make sure you're staying focused on it, whether that takes one week, 2 weeks, 3 weeks, whatever that task is. And if it's a longer task, break it down into smaller tasks so you can keep track of your progress while doing that. OK, interesting.

40:30 So what's 1 financial mistake you learned from personality and how did he shape your current approach? Financial mistake, I don't know if it's a direct mistake, but I would say like there are like errors of Commission, which means like you committing an investment and you've made a mistake and there are errors of omission which are like the investments you didn't make, but you had some inclination about you ultimately didn't act on. And so I would say the bigger mistakes are probably more on the omission side, meaning like what you didn't invest in. So for, for example, you know, if you had some inclination about NVIDIA, for example in 20-19, that would have been a very beneficial thing as opposed

41:24 to, I mean, so that would have been an example of something that we caught on to relatively early, but maybe not as early as we would have liked, But that the difference in that gap makes up a very large percentage of returns. So I would say errors of omission are usually the bigger ones. Wow, absolutely.

41:47 That reminds me of even crypto Bitcoin. That's crazy. I think about the volume I had some years ago. If only I had just kept the coins, it's should have been a different story. So yeah, we all have those, our mission and stories to tell. So we have come to the Creek Fire round. I'll give you a couple of questions and you give me your quickest answers to these questions.

42:16 Are you ready to rumble? Yes. OK. So what is the best investment you've ever made, financial or personal? So there was this one company called Transdime TDG is the ticker. It's a midcap aerospace company that was probably 1 of, if not the absolute best investment only because of the price we paid for it.

42:43 It happened to be selling at a very, very, very steep discount at the time we purchased it and has subsequently made multiples on the money. So that would be the one that comes to mind, right place to place, right time and already having some knowledge of knowing when that if that opportunity arise, you act. So it's sort of like luck is 1 preparation meets opportunity. And that was.

43:10 Absolutely, absolutely. I'm happy for you for that one. So what's 1 leader or mentor that shaped your thinking the most? I would say Jeff Bezos. Ultimately there was one, I mean he said many things over the years, but but in terms of like being how to create a customer centric approach to to to a business, I think that that's probably one of the most important things.

43:41 OK, so what's one book or resource that has had the biggest influence on your financial and leadership journey? There's a book called The Everything Store by Brad Stone. I would say that's probably been the best read that I've had at least relative within the last few years. I would recommend that book to anybody, actually. That's at the very top of months, yeah. OK, we'll try to have that the link to the book in the description section.

44:13 So if Open Vest and Clear Drop achieve their vision fully, what does wealth accessibility look like in 2035? So I can comment on this more for Open Vest, but I think what it will look like is I think customer adoption of a cheaper but better tool can really I think drive global change. And so I think by 2035, hopefully we're, you know at that point operating and many, many countries internationally and you know, ultimately providing a value of service that you know gets wide customer adoption.

44:53 OK, interesting stuff. So we have come to the end of the broadcast today. There's something I always say that an attitude of gratitude is good attitude. And of course, if somebody shares their time with you, they share their life with you. So from me to you, it's love and respect and of course, wishing you the very, very best in all of your endeavours. Do you want to leave a shout out for anyone? And of course, please, let's advise the audience to explore the fantastic tools that you have at Open Vest. It's Open vest.co.

45:25 Is that correct? Yes, that's all. Right, OK, OK, so the floor is yours. Who do you want to leave a shout out for? And maybe any last words? Yeah, just a shout out to I guess my team, the people I've worked with to, to create this platform and ultimately to everyone who's listening to just, you know, go to the website, give it a try or, and if it's if we're not available in your location just and you're interested, just click on get access and put in your name or e-mail your phone number and just sign up.

46:02 And then we'll, we'll let you know when we're ready to rock'n'roll in your, in your specific location. That's that's really it from from my side. OK, thank you very much. Once again, of course, shout out to the audience. We've been experiencing really, really impressive growth. I see us on the chat in multiple different countries. Iceland, I think we're #4 in Iceland, I'm attending Morocco. Shout out.

46:31 I've been to Morocco before, by the way, so shout out guys in Morocco, I think we're on the charts in Saudi Arabia, Colombia, Peru, where else? Top of my head, yes, Saudi Arabia, Nigeria, my people stand up. South Africa are Chinese. I'm grateful. So please let's, you know, keep spreading the word and keep expanding the global region, of course, the global impact and of course, like calm your way. Next, stay out of trouble and of course, always go for something. Always try to achieve something in your life. Remember, conceive beliefs, try to thrive and achieve. God bless you guys.

47:09 For me, it's goodbye, and of course from Justin it's goodbye as well.