Kitco News, Released on 12/24/20
For Part 1 of this interview, CLICK HERE
America is facing a generational crisis where younger people have no wealth built up and lack the financial literacy to do so, said Kevin O’Leary, star of Shark Tank and chairman of O’Shares ETFs. “In America today, there’s 100 million people that have nothing set aside for retirement,” O’Leary said. “That is a failure of financial literacy that started as far back as the 1970s.”
0:00 – How O’Leary got involved with MindMed
5:38 – What it takes to get funding
10:04 – Millennial “investing”
12:50 – Investing in education
15:25 – What is wrong with our education system?
17:14 – Alternative investments: crypto, watches
Kevin O’Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money managers and founded his own mutual fund company, O’Leary Funds. He raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield oriented, value investing philosophy. He is a venture capitalist on the Canadian television show Dragons’ Den as well as a shark on the United States’ version of Dragons’ Den, Shark Tank, which airs on ABC. Kevin has authored 2 books: Cold Hard Truth: On Business, Money & Life and The Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them.