back to index2024-07-16_A_Few_Useful_Lessons_and_Inspiration_from_Trump_and_the_Assassination_Attempt
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Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, 00:00:33.360 |
skills, insights, and encouragement you need to live a rich and meaningful life now, 00:00:37.600 |
while building a plan for financial freedom in 10 years or less. 00:00:40.400 |
My name is Joshua, and today is Tuesday, July 16, 2024. 00:00:44.560 |
News over the last few days has been saturated with coverage of the assassination attempt 00:00:50.960 |
of Republican presidential candidate Donald Trump, and with good reason. 00:00:55.520 |
I'm extremely grateful that the sniper who attempted to shoot him in the head missed 00:01:00.640 |
and only succeeded in shooting him in the ear, because things could have and would have 00:01:06.240 |
changed very quickly in the United States had the sniper's bullet succeeded. 00:01:11.600 |
After any kind of event like this, I always ask, what can I learn? 00:01:14.400 |
What would I like to learn from the situation at hand? 00:01:20.560 |
I have a significant level of frustration with Mr. Trump. 00:01:26.000 |
I'm a politically homeless guy who really gets very frustrated by any discussion of 00:01:35.360 |
And yesterday, I recorded a podcast related to the event, decided to scrap it, wasn't 00:01:41.920 |
And I thought, today, let me give another crack at it. 00:01:44.320 |
And what I want to talk with you today about are some of the things that I admire about 00:01:50.480 |
Donald Trump, specifically as to how he has continued his career into his elderly years. 00:01:59.120 |
And I think there's some lessons there that you and I can learn from. 00:02:03.120 |
And I want to use him as a very public example of some things to which I aspire, and I think 00:02:08.320 |
that you should aspire, while also pointing out some of the things that I think are potentially 00:02:14.400 |
First, just a couple of quick thoughts on the shooting itself. 00:02:18.080 |
I am enormously grateful that the shooter bullet missed. 00:02:21.920 |
Seems entirely providential to me that he did miss. 00:02:24.880 |
But I'm grateful that Mr. Trump is still alive. 00:02:29.360 |
I'm honestly surprised that this kind of thing doesn't happen more frequently, especially 00:02:37.920 |
The United States is an extremely violent country, an extremely violent culture. 00:02:42.160 |
We Americans, we were birthed in violence, and we have engaged in violence at every turn 00:02:48.720 |
And yet, over the last 40 years or so, there's been not too much political violence. 00:02:55.120 |
Obviously, the last attempted shooting was of President Reagan when he was shot while 00:03:03.040 |
But the time before the 1980s, I mean, the United States was just rocked with thousands 00:03:08.560 |
of bombing attempts all across the country and huge amounts of political violence. 00:03:12.880 |
And if you go back into the annals of history before that, political violence for unions 00:03:17.440 |
and political parties has just been a constant theme in American history. 00:03:22.160 |
And yet, over the last several decades, there hasn't been all that much political violence, 00:03:33.200 |
And honestly, it's surprising because the tools of violence are generally pretty readily 00:03:39.520 |
The strangest thing about the shooting was, number one, how close the building was, how 00:03:48.320 |
the shooter got on the roof and was allowed to take a shot. 00:03:51.840 |
Either it's just got to be complete and total incompetence. 00:03:56.320 |
Obviously, conspiracy theories are forming left, right, and center by everybody, but 00:04:01.440 |
just seems pretty broadly incompetent at this point in time. 00:04:06.480 |
But what is interesting is you can see anybody who's ever held a rifle and shot a rifle 00:04:12.960 |
understands how relatively easy political violence is to execute. 00:04:18.800 |
And you can see, I think that you think because of the intense protection that's in place 00:04:25.760 |
for the current president of the United States, and because of how effective that protection 00:04:31.520 |
is, people often extrapolate the idea to other politicians that all politicians are protected 00:04:37.920 |
like the current president of the United States is. 00:04:41.040 |
Most politicians, their protection details are very, very minimal. 00:04:45.360 |
And in a country like the United States, just about any politician, just about any of us, 00:04:51.760 |
we are subject to being taken out by a long-range rifle shot pretty much at any time. 00:04:58.000 |
And in any city in the United States, any town in the United States, there are thousands 00:05:03.200 |
of thousands of people who are fully capable with the skills and the knowledge and the 00:05:08.640 |
practice, as well as the tools of violence, who could pretty much reach out and kill just 00:05:19.040 |
I'm grateful, of course, that President Trump survived, but it's probably a good thing that 00:05:22.960 |
politicians recognize that, hey, if things go at the end of the day, a lot of people 00:05:30.400 |
And ideally, that allows us to keep a lid on our political rhetoric, trying to keep 00:05:37.440 |
I'm also amazed it doesn't happen more often just because of how big the United States 00:05:41.040 |
You have 300 and I don't know what we're approaching, 350 million people. 00:05:44.320 |
I don't remember the current statistics on the population of the US, but let's just 00:05:49.200 |
Out of 350 million people, even if the percentage of wackos in the society is relatively small, 00:05:55.360 |
you're still left with thousands and thousands and hundreds of thousands of potential wackos 00:06:00.320 |
that can be touched off with just a few words. 00:06:03.040 |
And so we really need to work hard to keep our political rhetoric moderate, modest and 00:06:08.880 |
pointed rather than moving over into the world of violence, because the entire country could 00:06:14.640 |
explode into violence without too much difficulty. 00:06:18.800 |
And so my hope is that we will be more responsible with our words and we'll seek to focus on 00:06:25.840 |
debating one another with ideas and civil debate rather than name-calling, partisanship 00:06:33.040 |
– and by partisanship I actually mean basically tribal identity, us versus them communication 00:06:43.360 |
Some of the things I would love to see us do more of in the United States, I'd love 00:06:47.920 |
I'd love to see us actually engage in debate about ideas. 00:06:51.120 |
One of the saddest things to me is that the whole concept of debate in our modern age 00:06:55.440 |
has basically fallen apart, and that we debate for sound clips and things that appear in 00:07:00.960 |
gotchas and getchas rather than meaningful policy debates. 00:07:07.760 |
I'd like to see us engage in more discussion of ideas that we disagree with, and I'd 00:07:13.280 |
like to see us do that without demonizing our opponent. 00:07:16.800 |
One of the things that you can always do, that I try to do, is remember that this man 00:07:21.680 |
that I disagree with, he's not my enemy, he's my opponent. 00:07:25.520 |
And we may disagree on an issue, but we can still be good friends, even though we may 00:07:31.600 |
And so I hope that we can build in the future more skill with debate, build more public 00:07:37.840 |
fora for debate on important ideas, and we've got a lot of work to do. 00:07:42.800 |
I think that it would be really positive to me if we could learn some lessons from the 00:07:48.880 |
most recent assassination attempt, and we could implement that more and more in our 00:07:56.720 |
Alas, I'm not too hopeful of that happening, but I'm doing my best in whatever way I have 00:08:02.640 |
the opportunity to simply lead by example and try to facilitate that, which I always 00:08:07.680 |
encourage and facilitate discussion and debate here on this podcast, and I hope that you'll 00:08:14.160 |
Again, I don't think that I'm going to be able to affect the direction of the country, 00:08:17.760 |
but I hope that I can, in my corner of the world, make some small difference, because 00:08:24.080 |
this kind of stuff can save lives, really can. 00:08:26.880 |
I think also just related to the current events, it's important to consider what could have 00:08:34.240 |
What could have happened if Mr. Trump were dead right now? 00:08:43.360 |
Out there right now, there's some crackpot wacko who would love to take out President 00:08:52.240 |
And by the way, one more comment on political violence. 00:08:53.920 |
Back to what I said about, I'm surprised it doesn't happen more often in the United 00:08:58.080 |
Some months ago, I was looking after the—was it weeks or months? 00:09:01.840 |
Recently, after the most recent Mexican set of elections, I was reviewing a list of people 00:09:08.960 |
who were assassinated during the presidential—sorry, during the elections, the general elections 00:09:14.880 |
all across Mexico, and I was astonished at how extensive the list was. 00:09:21.920 |
I think it was somewhere between 30 and 40, and some people there were estimates as high 00:09:27.200 |
But something like 30 to 40 politicians were assassinated during the most recent round 00:09:37.840 |
It wouldn't be that hard for that kind of thing to happen in the United States again. 00:09:41.840 |
Again, the Americans are much better equipped for that kind of thing than the Mexicans. 00:09:47.120 |
It's just that we don't currently have the culture in which that's a normal and 00:09:51.760 |
accepted thing for those who wish to destroy the political process. 00:09:56.160 |
And so I think we should be actively working to do everything we can to minimize the risk 00:10:01.680 |
of violence and constantly working to create public fora and the skills within people so 00:10:10.400 |
that they can debate ideas without demonizing their opponents. 00:10:16.400 |
So I would like to see us to do more with that. 00:10:19.280 |
Now, more on topic for a personal finance podcast. 00:10:22.560 |
I've thought a lot about Donald Trump over the years. 00:10:26.800 |
When I was in college, he was very prominent with The Apprentice Show, and my friends and 00:10:32.400 |
I, we would host watch parties because we enjoyed it so much. 00:10:35.680 |
And so we would get out, everyone get together and have apprentice watch shows. 00:10:40.480 |
And after that time, I started reading his books. 00:10:42.960 |
Lost track of him for a long time until he became a candidate. 00:10:47.040 |
And it's always been hard with Trump because the web of statements is very hard to pierce 00:10:54.640 |
and figure out what's true, what's false, what's marketing, what's gimmicky, all of 00:10:59.920 |
And his lifestyle and his life, he's never shied away from attention whatsoever. 00:11:04.800 |
But one of the things that I've thought about him many times is how inspiring it is for 00:11:11.520 |
him to keep on going at his age and doing something that he seems to really care about. 00:11:19.600 |
As much as I can tell, it seems to me that Donald Trump really seems to care about the 00:11:28.480 |
When he first ran for office, I thought, "Well, he doesn't actually want to win. 00:11:35.520 |
He's just doing this as a publicity campaign." 00:11:43.600 |
Then he ran for president, and I didn't believe anything he said at all. 00:11:50.560 |
And I thought, "Wow, maybe this guy could do it. 00:11:54.800 |
And for me, the most kind of heart-sickening years were those first two years of his first 00:12:00.400 |
presidential term where he had been handed a Republican Congress, a Republican Senate, 00:12:10.320 |
And I vividly remember the day that John McCain gave his famous thumbs-down vote on the floor 00:12:22.640 |
And it was just an extremely sad moment for me. 00:12:24.960 |
So watching Trump then continue through his first term was rather interesting. 00:12:39.920 |
And I've thought so many times, what a great example of somebody who achieves material 00:12:46.800 |
success, has enough money that he could live in comfort for the rest of his life, and yet 00:12:52.560 |
continues to spend his life fighting for something that he really cares about. 00:12:58.080 |
And I can't see how somebody who doesn't care could continue to do what that man continues 00:13:08.880 |
And so I've become a great admirer of that instinct of his to keep on pressing through. 00:13:12.960 |
And one of the things that's always very difficult to me to figure out, and I don't 00:13:18.080 |
know that anyone knows, is to try to figure out, is this man actually skillful, or is 00:13:27.760 |
You go back and you read all the criticisms of Trump and all of the arguments about how 00:13:32.480 |
much more wealthy he could be if he had never gone into real estate, and about how incompetent 00:13:38.480 |
he is, and yet on the flip side, he expresses competence. 00:13:42.160 |
And the lessons that I've taken, let me just sum them up for you in a few things. 00:13:46.000 |
Number one is the way that you are perceived in many cases is more important than who you 00:13:55.840 |
And so Trump has always been a master of image. 00:13:58.480 |
He's always been extremely conscious of perception. 00:14:05.920 |
And I've been amazed again and again about how he's been able to consistently harness 00:14:10.080 |
that knowledge and consistently press forward when I sure would have given up. 00:14:15.440 |
And so being aware of how you are perceived and doing your best to present yourself in 00:14:22.800 |
the way that you want to be perceived is amazing to me. 00:14:25.760 |
I've also been amazed at his ability to use words to change the course of history. 00:14:32.000 |
I remember watching when he was in his first presidential campaign, and he started talking 00:14:38.880 |
He started making these ludicrous claims that we're going to build a wall across the southern 00:14:47.440 |
Any person with a few brain cells knew that this is impossible and absurd. 00:14:53.040 |
And yet, by holding the vision forth, he was able to change things. 00:14:59.040 |
And systematically, things started to change. 00:15:03.840 |
And I was amazed at the power of words, that we should always pay attention to the power 00:15:09.680 |
Be careful, of course, with the words that we say, and yet use words for good, to call 00:15:14.560 |
attention to things that really make a difference. 00:15:17.440 |
So that's something that I came to admire about him, is his ability to use simple speech 00:15:25.440 |
Another thing that I really came to admire about Mr. Trump was how he had succeeded in 00:15:40.080 |
I am so astonished at, I can't even imagine what it would be like to be in his shoes with 00:15:49.760 |
three wives, and who knows how many mistresses, and who knows how many affairs, and all these 00:15:54.880 |
children from all these different situations. 00:15:57.600 |
And yet, somehow, he's able to pool his family together in something of a family working 00:16:04.400 |
And during his first term as president, during his only term as president, when he was a 00:16:12.400 |
president, I was amazed to see how all of these family members were able to work together 00:16:20.320 |
And it certainly was never smooth, and it was never, you know, there were ups and downs, 00:16:26.160 |
but it was inspiring to see a family that was able to work together and have that sense 00:16:32.320 |
And in the future, I hope that I can build something like that, where I can have adult 00:16:36.640 |
sons and daughters who are able to work together, who probably are going to have a whole set 00:16:42.000 |
of problems, but yet can be committed to loyalty to the family and us doing something important 00:16:48.240 |
And so that's something I came to admire about him. 00:16:50.640 |
Then when he left office – well, actually, one more before we get to that – I was also 00:16:59.680 |
I think the most dramatic video that I used to watch was when then-President Obama appeared 00:17:09.440 |
And he went on and on about, you know, President Trump never going to win. 00:17:14.080 |
And you go back and you watch the White House Correspondents Dinner, where President Trump 00:17:18.720 |
was basically being roasted from the – excuse me – Trump was being roasted from the stage. 00:17:27.040 |
And he made a decision, "I'm going to change this, and I'm going to win." 00:17:33.760 |
Just an astonishing example of somebody pressing forward and being so committed to a path, 00:17:44.880 |
And just that indomitable spirit that he has consistently expressed is something that I 00:17:52.320 |
And then the biggest thing has just been the fact that as old as he is now – I think 00:17:58.400 |
78, if my understanding is correct – as old as he is now, he has not wasted his 60s 00:18:05.440 |
He has done something significant with those years of his life, and he's on track to 00:18:12.160 |
continue to do something significant with his life. 00:18:15.680 |
I've often wondered what a younger Trump would say about the activities that he's 00:18:23.680 |
Seems like if you go back in history, maybe it was just because he grew up with all that 00:18:29.280 |
But it seems like what most people aspire to is they aspire to a life of hedonism and 00:18:36.000 |
consumption, and dream, "Oh, okay, I'm going to make it big and earn a lot of money, 00:18:41.680 |
and I'm going to just go and consume and fly around the world on my yacht. 00:18:45.040 |
After all, what's the point of being a billionaire if you can't enjoy the money?" 00:18:50.240 |
And yet, Trump, at a time in his life when he could have gone and lived that way, made 00:18:58.720 |
Now, perhaps it was just all personal pride, and he didn't like being the butt of all 00:19:02.160 |
the jokes, and he said, "I'm going to show them." 00:19:04.800 |
Perhaps it was kind of a good desire to do good in the world and to change things that 00:19:11.200 |
Motivation probably in the end really doesn't matter, and nor could I ever know it. 00:19:15.040 |
But the point is, he has made his 60s and his 70s count, and he's going into his ninth 00:19:25.360 |
And to me, that's something that is extremely inspiring, and that's something that I think 00:19:31.040 |
we need more of, especially from the baby boom generation. 00:19:35.040 |
And I would love us to look at the example of Mr. Trump and learn from that, and try 00:19:49.680 |
If you've achieved material success in your life, do you just want your legacy of your 00:19:56.480 |
life to be that he sat around and consumed his money? 00:20:02.480 |
Or do you want a chance to improve things in a positive direction? 00:20:06.640 |
Do you want a chance to leave your mark on something? 00:20:09.360 |
And while I would dearly wish that Trump had never gotten involved with presidential politics 00:20:16.240 |
and the Republican Party and things that I used to care about, I have to concede that 00:20:24.400 |
He has used his influence and power to completely transform the political system, to completely 00:20:34.720 |
And that's something that is worthy of respect. 00:20:38.880 |
To see a man who doesn't have to do that go and do that is something that's worthy of 00:20:44.400 |
And so I really appreciate his example in that. 00:20:48.960 |
And I think that's something we should pay attention to. 00:20:55.120 |
Let's not just wander off and say, "Look, I can travel around the world on my yacht." 00:21:02.080 |
But make your life count, especially when you've accumulated power and influence and 00:21:12.800 |
And just repeating myself, make your life count. 00:21:18.640 |
When I think about Trump and I think about what he could have done with the last 10 years 00:21:24.000 |
of his life and what instead he chose to do, I got to imagine him lying on his deathbed 00:21:32.560 |
And I got to imagine that he would be pretty happy with the decisions that he has made. 00:21:37.200 |
And though those decisions were never easy for him, facing lawsuits and legal problems 00:21:43.840 |
and financial things and all kinds of never-ending setbacks, when the man's lying on his deathbed 00:21:50.320 |
in the future, I got to imagine he'll have a sense of satisfaction about living his life 00:21:56.960 |
And I think that's worth paying attention to. 00:22:00.240 |
There are many other men that you can see who have done this. 00:22:03.760 |
I've thought I could create a similar podcast on President Biden and the things that I admire 00:22:12.320 |
Some of the things I admire about President Biden is that he also had that sense of dogged 00:22:19.600 |
I can't remember, was this the third time he ran for president? 00:22:22.480 |
And he had a goal for 50 years to become president of the United States and it took him a long 00:22:28.320 |
time and yet he ultimately was able to accomplish it. 00:22:32.640 |
I have less respect for professional politicians than I do for people who do something else 00:22:41.360 |
So it's more difficult for me to really focus on that. 00:22:44.960 |
But I do really respect Biden for his same kind of dogged determination. 00:22:52.320 |
And I find it interesting that in our society we have these two aged men who both are setting 00:23:03.200 |
the example for us of basically not giving up. 00:23:06.000 |
There's decent argument to be made that there should be a point in time in which you give 00:23:11.360 |
And I think that's also something that we should factor in. 00:23:15.040 |
If you're critical of Donald Trump or if you're critical of President Biden and you think 00:23:19.040 |
they should be given up, then because of their age and because of the diminished capacity 00:23:24.240 |
of reaching a certain age, then you should be thinking about that in your own context. 00:23:29.920 |
But let's make that 70 whatever it is, 78, rather than focusing on doing that at 58. 00:23:40.960 |
It's a time that you can make a difference if you're able to. 00:23:44.320 |
And that's something that we should focus on and gain. 00:23:47.600 |
So those are just some lessons that I have drawn from current events and everything associated 00:23:53.440 |
Try to go through the world and make a list of people that you admire and things that 00:24:00.800 |
And if you can create that list while looking at the world, then you'll have a lens to then 00:24:08.240 |
turn on to your own life and look at your own life and say, "Here's something that I 00:24:14.880 |
can learn from this person, and here's how I may be applied in my own life." 00:24:19.120 |
I don't think that for most of us, going into politics is a fruitful endeavor. 00:24:22.880 |
It is something that I have watched many men do, and I respect them for their effort. 00:24:30.160 |
And it may be a fruitful endeavor for some of us. 00:24:32.640 |
So I'm not trying to encourage people to go into politics, though I think that that pathway 00:24:37.280 |
to go and be a man of business or medicine or engage in some kind of important career 00:24:44.880 |
and then to turn your mind towards statementship, that's something that's worthy of respect. 00:24:50.000 |
But the political game is difficult to actually make a difference in. 00:24:53.680 |
But recognize, though, that you can still take the lessons that you gain from a politician 00:25:01.120 |
and then apply them in another area that may perhaps be much more fruitful. 00:25:06.800 |
Let's be grateful for a life that was spared. 00:25:08.480 |
Let's learn some lessons from it, and let's press on together. 00:25:14.480 |
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