#15 From $4 Caddy to Stock Market Wizard w/Tony Saliba
Ditch Digger CEO with Gary Rabine
English - February 25, 2019 04:48 - 1 hour - 87 MB - ★★★★★ - 315 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
"If they (clients) complain when you're making money, they will be terrible if you ever lose money" - Tony Saliba (https://www.linkedin.com/in/tonysaliba/)
Tony Saliba (@ajsmarketwizard) is the Chief Executive Officer at Matrix Holding Group & Mercury Digital Assets
Considered a pioneer and leader in the Chicago derivatives market, was the only options trader to be profiled in the best-selling 1989 book “Market Wizards.”
He has been a pioneer and active participant in the Chicago derivatives markets for over 20 years. He holds exchange memberships on the Chicago Board Options Exchange (serving on the Board of Directors from 1987-1990), The Chicago Board of Trade, and the Chicago Mercantile Exchange.
3:00 Tony’s background
7:30 What did starting early teach you about grit?
16:30 The value of Caddying
24:00 The spread
27:00 When and how to break out of a business relationship
39:00 The 70 month streak
47:00 Necessity is the mother of all invention.
50:30 How to fly five million miles in a year
56:00 Ethics of competing with a previous business
1:00:00 Running your business like a family
1:07:00 Did the Chinese try to take over the Chicago stock exchange?
1:19:00 Thoughts on a $15 minimum wage
1:26:00 How has the free enterprise system aided your success?
1:38:00 True Takeaways
1:30:00 Created Uber in 2003 but was 4 years too early
About Host:
In the Spring of 1981, Gary Rabine was a senior in high school trying to decide which way his future would go. While his friends were busy preparing for college, Gary was dreaming of starting a landscaping or paving business. With the experience he gained laboring and running heavy equipment for his dad's small business, he new he could do it.
One afternoon in his schools cafeteria, surrounded by college-bound friends, Gary was asked what his college plans were. When he replied that he planned to save money to start a business, a smart ass friend eagerly termed him a "Ditch-Digger", loudly laughing “Gary's going to be a Ditch Digger”.
Gary harnessed this memory and used it to motivate him to walk his own path. 37 years later, Gary Rabine has grown Rabine Paving and many others businesses which are now the Rabine Group of Companies. This podcast is about stories like his. From "ditch-digger" to the founder/CEO of a national facilities services empire.
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