A Quote by James St. James
When my trust fund ran out, I panicked. I have a lot of admiration for the kids who come to the big city with nothing and make it.
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My kids don't have a trust fund, they have a debt fund. Oh my God, they're $4 million in the hole.
My kids don't have a trust fund, they have a debt fund. And when I die, they're $4 million in the hole.
L.A. is a big city that has a lot of music in it but is not necessarily known for it. A lot of musicians got lost in that. You can make a living; you can gig a lot within the city and never get out of it. That was something that me and my friends, our generation, were afraid of happening to us.
One of the things that I realize is that if you look at big business, I mean, they - and what they fund and what they do, they don't really - they don't fund the small non-profit community-based organizations that really are out there on the front lines helping people. They fund the big philanthropies. They're safe.
The average person can’t really trust anybody. They can’t trust a broker, because the broker is interested in churning commissions. They can’t trust a mutual fund, because the mutual fund is interested in gathering a lot of assets and keeping them. And now it’s even worse because even the most sophisticated people have no idea what’s going on.
You either have to find a way to be really creative materially, or you better have a trust fund. And, last I checked, I didn't have a trust fund.
A lot of the city boys in London, a lot of the hedge-fund, young city workers at the height of the financial boom were a lot of working-class, brilliantly minded young fellows and women.
I'm not anybody's judge; I don't know what motivates people to do what they do. But I have a lot of admiration for anybody who can start with absolutely nothing and make a little something out of it.
Nothing is as fast as the speed of trust. Nothing is as fulfilling as a relationship of trust. Nothing is as inspiring as an offering of trust. Nothing is as profitable as the economics of trust. Nothing has more influence than a reputation of trust.
My first experience in a movie theater was Dick Tracy. There was a scene with a guy with a Tommy gun and a wall of fire behind him. I panicked, screamed, and jumped out of my seat. And I ran six New York city blocks, running into the street and almost got hit by a bunch of cars and had my mom chasing after a panic-stricken four-year-old.
How come they don't think you can handle a new story out of the blue on the TV news? They gotta make a little lame segue. "Hey, that's a big lotto jackpot! Speaking of lotto, there was a lot o' crime in the city today."
In America, we have subsidized private jets, big banks and hedge fund managers. Wouldn't it make more sense to subsidize kids?
A tree says:
My strength is trust.
I know nothing about my fathers, I know nothing about the thousand children that every year spring out of me.
I live out the secret of my seed to the very end, and I care for nothing else.
I trust that God is in me.
I trust that my labor is holy. Out of this trust I live.
There's a lot of haters in Philly, but it's a lot of people that give you support - but way more haters. It's definitely a great city to be from. But it's not really a lot of people that come out of there. So when you, like, make it out of Philadelphia, everywhere else is easy.
About 13-14 years ago, I went back to my alma mater, Fairfax High School, and ran into the music teacher. She invited me to come speak to the kids about the viability of a music career. When I went into the room where I used to play every day in a big orchestra, they had nothing!
I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.
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