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How I made $40,000 in a week | Timothy Chon | TEDxYouth@Tokyo


$40,000 there or 4 million yen after I

$40,000 there or 4 million yen after I made that but that’s not very important

made that but that’s not very important

made that but that’s not very important what is important is the wisdom that I

what is important is the wisdom that I

what is important is the wisdom that I have gained from this experience this

have gained from this experience this

have gained from this experience this wisdom is what I aim to share with you

wisdom is what I aim to share with you

wisdom is what I aim to share with you this ladies and gentlemen is my story so

this ladies and gentlemen is my story so

this ladies and gentlemen is my story so I was it was the summer of 2015 I was to

I was it was the summer of 2015 I was to

I was it was the summer of 2015 I was to go to a summer college program in

go to a summer college program in

go to a summer college program in Columbia University New York in this

Columbia University New York in this

Columbia University New York in this summer college program I was to go go

summer college program I was to go go

summer college program I was to go go under the guise that I was to experience

under the guise that I was to experience

under the guise that I was to experience the college life firsthand and have fun

the college life firsthand and have fun

the college life firsthand and have fun kind of thing

kind of thing

kind of thing but in this program I was supposed to

but in this program I was supposed to

but in this program I was supposed to sign up for a class and this class was

sign up for a class and this class was

sign up for a class and this class was unfortunately my father took the

unfortunately my father took the

unfortunately my father took the liberties and signed me up to a stop

liberties and signed me up to a stop

liberties and signed me up to a stop class this was also the last time I have

class this was also the last time I have

class this was also the last time I have readily just trusted his decision to do

readily just trusted his decision to do

readily just trusted his decision to do things on my behalf but family matters

things on my behalf but family matters

things on my behalf but family matters aside I thought I was doing fine because

aside I thought I was doing fine because

aside I thought I was doing fine because I thought I was very very smart you see

I thought I was very very smart you see

I thought I was very very smart you see I was the type of kid who got straight

I was the type of kid who got straight

I was the type of kid who got straight A’s in class without lifting a finger

A’s in class without lifting a finger

A’s in class without lifting a finger yes I was that kid spying me all you

yes I was that kid spying me all you

yes I was that kid spying me all you want but naturally I thought I was a

want but naturally I thought I was a

want but naturally I thought I was a genius

genius

genius so everything was going to be fine for

so everything was going to be fine for

so everything was going to be fine for me right right

me right right

me right right well unfortunately that was not the case

well unfortunately that was not the case

well unfortunately that was not the case what happened was the professor walked

what happened was the professor walked

what happened was the professor walked in and then there are about 10 minutes

in and then there are about 10 minutes

in and then there are about 10 minutes of introductions and an abrupt cut to

of introductions and an abrupt cut to

of introductions and an abrupt cut to lessons on all of these completely alien

lessons on all of these completely alien

lessons on all of these completely alien concepts things I don’t know what it’s

concepts things I don’t know what it’s

concepts things I don’t know what it’s called and then most everyone looked

called and then most everyone looked

called and then most everyone looked like they were able to follow but and

like they were able to follow but and

like they were able to follow but and then I realized I was a freshman in a

then I realized I was a freshman in a

then I realized I was a freshman in a room full of juniors and seniors I was

room full of juniors and seniors I was

room full of juniors and seniors I was years behind in subject material and age

years behind in subject material and age

years behind in subject material and age range and everything luckily for me

range and everything luckily for me

range and everything luckily for me though there were about a few other guys

though there were about a few other guys

though there were about a few other guys who

who

who we’re kind of like me had no idea what

we’re kind of like me had no idea what

we’re kind of like me had no idea what was going on and but this was where I

was going on and but this was where I

was going on and but this was where I learned my first piece of crucial wisdom

learned my first piece of crucial wisdom

learned my first piece of crucial wisdom humility I learned this experience of

humility I learned this experience of

humility I learned this experience of being not being on top of things for

being not being on top of things for

being not being on top of things for once was certainly a very humbling one

once was certainly a very humbling one

once was certainly a very humbling one for me it helped me understand the

for me it helped me understand the

for me it helped me understand the viewpoint of the struggling students in

viewpoint of the struggling students in

viewpoint of the struggling students in my normal school the I become much more

my normal school the I become much more

my normal school the I become much more patient and I become much more calm and

patient and I become much more calm and

patient and I become much more calm and collected in times of crises the more I

collected in times of crises the more I

collected in times of crises the more I practice this virtue however be warned

practice this virtue however be warned

practice this virtue however be warned when I say to be humble I do not mean

when I say to be humble I do not mean

when I say to be humble I do not mean for you to be humble in action but

for you to be humble in action but

for you to be humble in action but arrogant in thought this was what I was

arrogant in thought this was what I was

arrogant in thought this was what I was like before going to New York I put up

like before going to New York I put up

like before going to New York I put up an image of being a humble person but

an image of being a humble person but

an image of being a humble person but deep down I always thought that the

deep down I always thought that the

deep down I always thought that the majority of the world was inferior to my

majority of the world was inferior to my

majority of the world was inferior to my intellect do not kid yourself like this

intellect do not kid yourself like this

intellect do not kid yourself like this this course showed me just how horribly

this course showed me just how horribly

this course showed me just how horribly wrong I was and I assure you all this

wrong I was and I assure you all this

wrong I was and I assure you all this was a very painful pill for me to

was a very painful pill for me to

was a very painful pill for me to swallow so moving on with my story it

swallow so moving on with my story it

swallow so moving on with my story it was the things we’re looking very grim

was the things we’re looking very grim

was the things we’re looking very grim for me it was almost as if one slip-up

for me it was almost as if one slip-up

for me it was almost as if one slip-up would mean death for me or at least

would mean death for me or at least

would mean death for me or at least that’s how I felt like anyway since I

that’s how I felt like anyway since I

that’s how I felt like anyway since I had this mentality on I had I ended up

had this mentality on I had I ended up

had this mentality on I had I ended up studying until 2:00 a.m. every night

studying until 2:00 a.m. every night

studying until 2:00 a.m. every night attempting to understand whatever was

attempting to understand whatever was

attempting to understand whatever was discussed during the day’s lessons but

discussed during the day’s lessons but

discussed during the day’s lessons but to no avail

to no avail

to no avail this lifestyle would go on for the next

this lifestyle would go on for the next

this lifestyle would go on for the next three weeks and after a few days of it I

three weeks and after a few days of it I

three weeks and after a few days of it I was very much ready to give up but I did

was very much ready to give up but I did

was very much ready to give up but I did it I found the strength to keep on going

it I found the strength to keep on going

it I found the strength to keep on going so where did I find a strength well

so where did I find a strength well

so where did I find a strength well ladies and gentlemen this is where I

ladies and gentlemen this is where I

ladies and gentlemen this is where I learned my second piece of Khrushchev’s

learned my second piece of Khrushchev’s

learned my second piece of Khrushchev’s wisdom I learned to smile just like the

wisdom I learned to smile just like the

wisdom I learned to smile just like the Joker over there no not really anyway to

Joker over there no not really anyway to

Joker over there no not really anyway to be more specific

be more specific

be more specific I learned to smile in the face of

I learned to smile in the face of

I learned to smile in the face of despair in the face of certain defeat I

despair in the face of certain defeat I

despair in the face of certain defeat I gave myself hope and so I encourage you

gave myself hope and so I encourage you

gave myself hope and so I encourage you just

just

just at the face of – it doesn’t have to be

at the face of – it doesn’t have to be

at the face of – it doesn’t have to be the biggest smile in the whole world it

the biggest smile in the whole world it

the biggest smile in the whole world it could just be a little smirk if you’re

could just be a little smirk if you’re

could just be a little smirk if you’re not that in you’re not that’s used to

not that in you’re not that’s used to

not that in you’re not that’s used to smiling the point of this is to at the

smiling the point of this is to at the

smiling the point of this is to at the very least make your subconscious

very least make your subconscious

very least make your subconscious believe in yourself even if this hope

believe in yourself even if this hope

believe in yourself even if this hope you gave yourself was an outright lie

you gave yourself was an outright lie

you gave yourself was an outright lie and you were screaming inside you should

and you were screaming inside you should

and you were screaming inside you should still smile when putting up when put up

still smile when putting up when put up

still smile when putting up when put up to a challenge after all it was this

to a challenge after all it was this

to a challenge after all it was this smile that pushed me through the these

smile that pushed me through the these

smile that pushed me through the these three weeks of suffering and so I was

three weeks of suffering and so I was

three weeks of suffering and so I was smiling all the time when I was in

smiling all the time when I was in

smiling all the time when I was in Colombia in fact I was smiling moments

Colombia in fact I was smiling moments

Colombia in fact I was smiling moments before making the speech to you people

before making the speech to you people

before making the speech to you people because I was starting to doubt myself

because I was starting to doubt myself

because I was starting to doubt myself and as an added side-effect I happen to

and as an added side-effect I happen to

and as an added side-effect I happen to make a lot more friends because I was

make a lot more friends because I was

make a lot more friends because I was like this beacon of light in a cloud of

like this beacon of light in a cloud of

like this beacon of light in a cloud of darkness but that’s a story for another

darkness but that’s a story for another

darkness but that’s a story for another time so fast forward my story a little

time so fast forward my story a little

time so fast forward my story a little bit

bit

bit it was the third and final week of the

it was the third and final week of the

it was the third and final week of the colonist college course from hell I was

colonist college course from hell I was

colonist college course from hell I was supposed the good professor was hyping

supposed the good professor was hyping

supposed the good professor was hyping us up to play a stock simulation game

us up to play a stock simulation game

us up to play a stock simulation game basically you were given 1 million

basically you were given 1 million

basically you were given 1 million theoretical dollars and you were

theoretical dollars and you were

theoretical dollars and you were supposed to invest them in a number of

supposed to invest them in a number of

supposed to invest them in a number of companies to see what those in and see

companies to see what those in and see

companies to see what those in and see what those investments do for you

what those investments do for you

what those investments do for you hopefully make money to maximize our

hopefully make money to maximize our

hopefully make money to maximize our chances of making money we were working

chances of making money we were working

chances of making money we were working in groups and we were we were supposed

in groups and we were we were supposed

in groups and we were we were supposed to use everything we’ve learned over the

to use everything we’ve learned over the

to use everything we’ve learned over the past lessons to effectively make a lot

past lessons to effectively make a lot

past lessons to effectively make a lot but my group the cool kids club

but my group the cool kids club

but my group the cool kids club pronounced acronym CCC because KKK would

pronounced acronym CCC because KKK would

pronounced acronym CCC because KKK would be a little offensive panicked a little

be a little offensive panicked a little

be a little offensive panicked a little bit because we didn’t learn anything so

bit because we didn’t learn anything so

bit because we didn’t learn anything so what do we do well this is when we

what do we do well this is when we

what do we do well this is when we learned a third piece of crucial wisdom

learned a third piece of crucial wisdom

learned a third piece of crucial wisdom we learned to trust our instincts lend

we learned to trust our instincts lend

we learned to trust our instincts lend the CCC picked their companies

the CCC picked their companies

the CCC picked their companies we chose based solely on this gut

we chose based solely on this gut

we chose based solely on this gut feeling that we had that this copy would

feeling that we had that this copy would

feeling that we had that this copy would do well this other company would do well

do well this other company would do well

do well this other company would do well it was unfortunately I do not have any

it was unfortunately I do not have any

it was unfortunately I do not have any logical reasoning behind why you should

logical reasoning behind why you should

logical reasoning behind why you should trust your instincts but I’m

trust your instincts but I’m

trust your instincts but I’m ask when has things such as trusting

ask when has things such as trusting

ask when has things such as trusting your instincts ever had a sufficient

your instincts ever had a sufficient

your instincts ever had a sufficient amount of logical reasoning to it and so

amount of logical reasoning to it and so

amount of logical reasoning to it and so I one may ask when do I trust my use my

I one may ask when do I trust my use my

I one may ask when do I trust my use my instincts and then I tell and then I say

instincts and then I tell and then I say

instincts and then I tell and then I say well whenever in doubt user instincts

well whenever in doubt user instincts

well whenever in doubt user instincts because that is when they are the most

because that is when they are the most

because that is when they are the most effective at when used but enough of

effective at when used but enough of

effective at when used but enough of that allow me to show you what happened

that allow me to show you what happened

that allow me to show you what happened when allow me to tell you what happened

when allow me to tell you what happened

when allow me to tell you what happened when the CCC decided to trust their

when the CCC decided to trust their

when the CCC decided to trust their instincts what happened was we had a

instincts what happened was we had a

instincts what happened was we had a 4.5% total net profit and a net profit

4.5% total net profit and a net profit

4.5% total net profit and a net profit and something of a max of 8% most

and something of a max of 8% most

and something of a max of 8% most notably the company that I chose had a

notably the company that I chose had a

notably the company that I chose had a 10% increase in share price and since we

10% increase in share price and since we

10% increase in share price and since we had 1 million in theoretical dollars to

had 1 million in theoretical dollars to

had 1 million in theoretical dollars to spend and we had a 4.5% net profit we

spend and we had a 4.5% net profit we

spend and we had a 4.5% net profit we technically made $45,000 but that’s not

technically made $45,000 but that’s not

technically made $45,000 but that’s not all our group was the group that made

all our group was the group that made

all our group was the group that made the most money out of eight other groups

the most money out of eight other groups

the most money out of eight other groups we were the this was the ultimate

we were the this was the ultimate

we were the this was the ultimate comeback for a team of assorted dummies

comeback for a team of assorted dummies

comeback for a team of assorted dummies enough so that a student would come and

enough so that a student would come and

enough so that a student would come and ask me what my secret was in my facade

ask me what my secret was in my facade

ask me what my secret was in my facade of looking like a complete idiot but in

of looking like a complete idiot but in

of looking like a complete idiot but in truth I had no secret I was a complete

truth I had no secret I was a complete

truth I had no secret I was a complete idiot which was what I told her this

idiot which was what I told her this

idiot which was what I told her this student though I recall it was a little

student though I recall it was a little

student though I recall it was a little bit more vulgar but that’s a story for

bit more vulgar but that’s a story for

bit more vulgar but that’s a story for another time maybe in a more casual

another time maybe in a more casual

another time maybe in a more casual saying but anyway it was all done all

saying but anyway it was all done all

saying but anyway it was all done all over everything was I got to go home and

over everything was I got to go home and

over everything was I got to go home and I actually got to invest in my stock

I actually got to invest in my stock

I actually got to invest in my stock portfolio using real money and actually

portfolio using real money and actually

portfolio using real money and actually made myself a pretty penny from that

made myself a pretty penny from that

made myself a pretty penny from that something like $4,000 but that’s not

something like $4,000 but that’s not

something like $4,000 but that’s not important at all what I cherish the most

important at all what I cherish the most

important at all what I cherish the most from this memory is not is not the money

from this memory is not is not the money

from this memory is not is not the money nor the things I spend it on nor the

nor the things I spend it on nor the

nor the things I spend it on nor the satisfaction of doing something amazing

satisfaction of doing something amazing

satisfaction of doing something amazing but the wisdom that I’ve gained from it

but the wisdom that I’ve gained from it

but the wisdom that I’ve gained from it I’ve learned to be humble from the

I’ve learned to be humble from the

I’ve learned to be humble from the bottom of my being to smile at doom

bottom of my being to smile at doom

bottom of my being to smile at doom without without any doubt and finally to

without without any doubt and finally to

without without any doubt and finally to trust my own instincts if there is

trust my own instincts if there is

trust my own instincts if there is anything I hope to gain from this speech

anything I hope to gain from this speech

anything I hope to gain from this speech is for you the audience

is for you the audience

is for you the audience to take my words to heart and master

to take my words to heart and master

to take my words to heart and master what I have worked

”

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