All Segments
The Billionaire Who Automates Everything: Thomas Peterffy
9 segments available
I didn’t know who Thomas Peterffy was. I was shocked to learn that he is 81 years old, worth $80 billion dollars, and has built his $120 billion company, Interactive Brokers, into one of the most efficient companies in the world. I discovered Peterffy by reading this incredible profile about him. I couldn’t put it down. That’s what this episode is about. Episode sponsors: Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save time and money. https://ramp.com Automate compliance, security, and trust with Vanta. Vanta helps you win trust, close deals, and stay secure—faster and with less effort. Find out how increased security leads to more customers by going to Vanta. Tell them David from Founders sent you and you'll get $1000 off. https://www.vanta.com/founders Collateral transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to https://collateral.com
Segments Timeline
Tomas Pedy: A Journey to America
This segment explores Tomas Pedy's early life, from his challenging childhood in war-torn Hungary to his daring immigration to America, highlighting his entrepreneurial spirit.
"Before a few days ago, I didn't know who Tomas Pedy was. And I was shocked to learn that he's 81 years old. He's worth $80 billion. And he's built his $120 billion company, Interactive Brokers, into o..."
Pedy's Breakthrough with Technology
Tomas Pedy discovers the power of early computing to transform his engineering work.
"the Avenue as cars moved under its arches. He learned why it was there. The New York Central Railroad had dug beneath the avenue to lay the railway. Then they used the space above to build its headqua..."
Pedy's Leap into Commodities
This segment explores Tomas Pedy's entry into the finance world through a pivotal job with a bullish trading firm, highlighting his innovative approach to commodities trading.
"latest technology to automate as much of your business's finances as possible. RAMP gives your business easy to use corporate cards, bill payments, accounting, and a whole lot more on a single platfor..."
Breaking Free: Pedy's New Venture
This segment covers Pedy's departure from Jerecki's firm to pursue his own ambitions in the stock exchange.
"prices through hand signals. Other firms relied on their traders intuition. Pedrophy built a machine that ran on math. And so keep in mind what I'm about to read to you. He's saying this in 1971. He i..."
Mad Scientist of the Trading Floor
Pedy's unconventional trading methods and innovative tactics revolutionize the market.
"pockets. IBM went into his breast pocket, DuPont into his left trouser pocket, another company in his back pocket, so on and so forth. When prices moved, he would duck his head, fish into the appropri..."
The Colorful Code of Trading
Pedy invents a groundbreaking visual trading system using color-coded signals to bypass trading floor restrictions.
"filmmaker. Russo turned to Pedy. So, what do you do? Pedy explained that he was a trader, but that he had injured his knee and couldn't stand on the floor anymore. So, he hired attractive women to exe..."
Pedy's Automated Wall Street Revolution
This segment explores Pedy's groundbreaking achievement of creating Wall Street's first fully automated trading system, showcasing his ingenuity and persistence against industry norms.
"30 feet from the action. People took a day or two to learn the colors, he told me. There's actually a picture of this screen in the profile. It looks incredibly confusing to me. In 1987, Pedy achieved..."
Timber Hill's Twilight: Pedy's Shift
The segment explores Peter Pedy's strategic pivot from Timber Hill to Interactive Brokers amidst the rapid automation of Wall Street.
"great automation of American exchanges began to accelerate. NASDAQ had been born electronic. But now, the most traditional bound exchanges were surrendering. Even the New York Stock Exchange was givin..."
The Power of Storytelling in Business
This segment explores the importance of storytelling for companies and how it drives financial success, highlighting Pedy's innovative approach to taking his business public.
"in the public domain. And so when he says putting your company name in the public domain, he's talking about advertising. He's talking about marketing. And the best marketing and advertising is storyt..."