long story short. You know, after my PhD, I didn't choose to go to academia Word and the ah, I thought, like, industry is more interesting to me. Ah, fortunately, I got a job offer from the alchemical pension, so they basically cooperated pension, and they imagine they're global asset for the employees. That's how you know the called corporate pension works. I spend like, ah, three years over there, to be honest review. That's a great experience. I don't I didn't get a paid much. Not as much as all the like Wall Street and the hedge funds. But I learned a lot because, you know, you're the one who have the money. You give that to older, like a funder managers, they always come to you and sharing the good ideas and try to educate you. I did take, take other venture off that and learned a lot. You know, investment is something you don't learn from school to bounce with you. And it is something you learn by doing. I got the chance to really doing like for three years. I remember a time what? Just myself in Michigan. Sadie, I you know, I know nobody so I spent most of my nights and the weekends in all face and just to try to learn from the best and the first while two years where I remember, was really tough. I don't even speak the language, you know, in the finance word. There there is a love like Gorgons. You've I, you know, I had invented education. You didn't help that much saying that you just said you have to learn everything from scratch. Ah, well, you know, things add up on the two years later when the day I finally realized. Okay. Actually, I can understand what people were talking about. You know, that's where you get your confidence and, you know, motivated the you to doom or explore the markets. You gotta love the markets and you know you to secrecy that in this business, you know that, you know, with the curial city, I think that's the most important thing. This may not be a good feel for everybody, but for the minds, with greater curiosity. This is a greater career, to be honest with you. Uh, yeah, three years over there. Then I always have this offense. ISI with New York City and the Wall Street is trying to say what they do on the cell site. That pension wasn't under, like, a by sight. Ah, a good friend of off my and he'd refer me. Oh, you remember Jerry, right? Ah, Jerry referred me to his boss. So I got a job offer from alliance bursting. Focus on us large cap equity. Ah, as a sell side analyst on. And, uh, well, that was fun. It's different and just give you a totally different perspective because you are your in the business of selling ideas and now, like making money. But the setting ideas Ah, good practice. I got to know how the Wall Street works now. Impressed. I feel like you know your serious of all, yo, yo, you till actual curiosity about, like, you know, working ethics. Ah, the sell side that it just may not be the best choice from my perspective. Ah, no, I moved down. Spend like, two years over there. Move on to wisdomtree. That's another ass. Imagine firm. They do things a little bit different that you guys have heard about the e t f right These days, everybody is using CTF in their portfolio and in Wisdomtree Waas considered that the kind of like a pioneer in the business on, and I joined them and did, ah, actually can enjoy working there. I got allowed, like a freedom. My boss is Jeremy and Germany is a big deal in that business now, And hey gave me all the freedom to do whatever. You know, I enjoy doing and but of course I have to contributing, e I have to contribute to the business by creating the new products, new funds and the new methodologies. And I'm actually quite proud of that, you know? Experience. Why first one with some truly, they already had, like, a $50 billion on the amendment. Ah, you will be surprised. Actually, they don't have a good infrastructure to imagine your vestment process. Really not. You know the manager. Everything from your cell can be measured. That so not only myself. A couple for the new hires. You know, uh, we work together. Really, Butte. The investing process from the very bottom, you know, starting from the gathering the data into the database and using more and events to, you know, analytical tools and I beauty. I built the equity investing factor. But, you know Ah, pair for I've caught that fold up. And if you look at their right now multi factor products, I think I can burn. I can be very proud to say that I started that. Then there's some other things and the like it to bounce with you and, uh ah, because of a have the freedom off. Like to do a lot of things. Ah, didn't stay there long for many, many reasons. And one major reason is actually invited The bio, our friend and, uh, mentor letting call him that. And from a life's bursting Hey came out of to start his, you know, hatch fun with some other Some of his like colleagues and friends on you. Invited me, invited me to join them. I thought that's a good, uh, interesting opportunity. It's very risky. Um, but, you know, physically experience. You know me, I like I like taking race. I enjoy doing that in the ah, with all the family helps, you know, like, uh, I can take a risk. And so I joined the, um well, you know, Ah, I learned hard lessons, and it's no easy. It sounds fancy. It's not easy. And the we stayed there for, like, almost two years and tried to, you know, put up the good performance and the writ small air says it's just like any other. Like a small business. You try to serve life. But the end of the day, Well, you we didn't really grow the business. It's gather like, you know, um, it is like, you don't say where this is gonna end. You know, you don't say that. The potential the thing if we keep doing we try to many, many things on now, looking barrack, I feel like Oh, actually, that's not something you should do while you're in that situation. So, you know, it's all good. I learned many manual essence. You know how to wrong yo of business in this year s A management? Ah, early last year, on the basically that the company is just resolved and ah, two senior partners joined the New York Life Insurance. Well, we like to tell other people. Okay, the company can bothered by New York Life insurance, but the truth is just like we don't see the future. And that way ended the business. Well, you know at that time, I want to keep doing this. And but, uh, I saw that as up opportunity to just started my own things to focus on the investment strategies I enjoy doing. Ah, that's where our new firm is it coming from? A startup capital. Um mm. Well, um, I you know, over the years again to know friends I already have a pretty good team on. And, uh, I didn't think much at that time. Just like Okay, let's let's do it. No matter what, we need to make it take a risk. Let's just take more risk here. So we started a So just with the verse simple idea I wanna have ah, user friendly invest investment vehicle for all my friends. My family just really served. Ah, retail, you masters. I think that's the opportunities and the A. We also get a chance to invest the next generation of technology. If you look at look at our funds, you know we investigated five g enabled the digital economy. That's the whole world is building of the new technology stack, from the semiconductor to the T to the cloud computing and to the software layer and they because you want to resolve this, you know, take a take advantage of the vantage off This low, late and safe at speed off five g is not only about five g. Actually, it's always, you know, have to put everything ai be potato altogether. Then you know, you know, they reinforce each other. That's how I look at it. But anyway, so we started from there Along the way we get a many other people to join us and which is always good, actually. Well, for my senior, his my chairman now and, uh, hes the Indian above a river senior, I think his area his like a 70 snap. Hey, join us like may or April last year on that became my chairman that we took a visit to the next level. We build up our trust and long story short. We keep building the team and the march. This year we launched our first product, CTF actively Manager E T F lee See unstable. Uh, you know, you can see our product out there and you know this way. Open for business. We have plenty to all, you know, issue mawr Ah products by the with the focus on the younger generation. Ah, young people who want to learn how to invest and we provide the user friendly, you know, investment vehicles. You don't have to be super rich to you, Nancy Hatch funds to get all the good returns. You can just give Askia very simple. Utf to get the good returns along the way You'll learn. You know, we focused on different themes. Digital economy is the first of theme. Our second product is more on the e s t. We collaborated with someone partners and amassing your roping, you know? Ah, yes, tea companies off theme. Then we keep thinking about the new new themes Ah, long lasting themes and the investor the ambassadors who could potentially benefit from. So that's how way, way, way information esoterica.

we had this idea of, like, back in I believe it z a summer all fall off 2018. I was trying to do this thing with my privilege for you to bounce with you. That's a winner. The original idea is we saw we were asking ourselves with the friends, you know now my partners and what's the next opportunities When it comes to comes to investing, we all agree, you know, fine T cycle. You know, technology in the five t cycle is is the thing you should really focus on give you, you know, they secured Oh, hey, do you know your for G cycle way basically be able to everything around like a mobile Internet right to certain extent, is enabled by for G that everything just adds up. You know, you got a mobile, internet and cloud and then you know all the streaming and that's take a venture off the old base. You know, people connecting to people five days is to take it to another level, you know, connecting things. You get them, you know better. You use cases and better technologist stack. That's how they you know, they making the pie larger Oh, so that's how I look at that, you know, about, you know, we got transfer. You want to do that? What investors you want to serve? You can't answer that. But basically where you try to get the money, right, And you know that even they states a lot of people when they have a good idea if they want to start a fun, uh, everybody is focusing on the institutional. You masters. Everybody wants to start a hatch, Fox, because, you know, it sounds fancy, and you can charge higher fees. Supposedly 2 20 vs. And now we just only charge, like 75 beeps. Huge difference. But, you know, I think I made up my mind. I think the e t. F is the right right structure for this. You know, uh, hedge fund is not for many, many reasons, but the major reason is I think, you know Ah ah, institutional. You masters like a pensions insurance. You know, they gotta serve the too well because everybody is trying to get the money from there. But on the other hand, and retail investors, people like you and me, my mom, like my friends, they don't get a several. Well, they don't know what to do. And they didn't really enjoy the last, like, 10 years off like a bull market, especially in the technology space. You know, if you simply just by who go Amazon. Oh, like, put them all together, even Q Q Q cues. You know you actually do pretty well, but the ritual guys don't know. They don't know what to do and they need help. That's where. My motivation. Yes, honest of it. And I keep talking with the people around this this I I create this for my mom. You know, I want her money. It's easier to be put into someplace Hey can trust and the easier enough for her to get benefit from this now only my mom, my sister, my friends. But you know, I might sound like joking, but that's truly let's my motivation, yes, so we chose to do. Besides, I said, this is the future. You know, the asset mental, many industry usually evolving to this is this is the place. This is the future. Ah, that's why you know we started asked Erica, we do this, but with, you know, e t f focused As you will see, all the products were going all for going forward. It's gonna through each yet format. Off course. We also served the institutional clients, and now they stay some like a family offices that came to ask the like the strategy. But they don't want to buy e t f. They wanted to ah, you know, separate. Managing accounted for them It just like they give us money. We mansion for them. That's all way. Do that. But as a firm as a Brende, I wanted people remember as star esoterica as, ah you know, dedicated as imagined company. Try to trying hard to serve Reto your masters. I believe they need help, and I believe that's where the future is.be a CEO off. Start up a small firm. It's actually very challenging. You don't have any glory things as a big CEO off a bigger corporation. It's pre mustard, the other if I say it because you have to take care of everything people, things like other people don't enjoy doing. You have to do that. I used to be Ah, you know Ah, corporate. I only enjoy doing research for like a managing the money following the markets. I don't want to do anything. I didn't want to do anything else. Mother, that compliance operations stuff, you know, don't bother me. But why has start running your own thing? Your mentality Change is a big time for me. I want to make sure has everything has to go through smoothly. And the soul that means like you know, I have to watch everything and make sure there's no leakage along the process. I have to be the bad cop off for everybody, not to mention having to lead a more. Like many friends, you have to wear many, many hats, the hats you don't enjoy. You didn't enjoy wearing before, but now you're wall in here to do with the efficacy of never like this is important. Everything. My mentality is somewhat like survival. Even now, I cannot see where we will see the wife, right? So every day for us is try to survive, getting a little more money, you know, we're getting closer to being so wife. Ah, that's driving all my actions on a daily basis. And the you do everything you face Italy. It's a Julie's. My girlfriend Lucy always complains, You know, like I don't take care for her much about, uh, it's, you know, a certain come as terrifies my baby and a girlfriend now her we'll to certainly said that, probably to hate to say that, um, hopefully things will get better Lehtera.

Silver Brother Questions. Challenges are coming from all fronts. You could stern away. You try your best Until that people know who you are. You need to get people's attention, whatever it takes, You know, you have to have thick skins. It takes a certain personality, I believe. And also like I myself has to improve to, um hopefully you feel like my English is getting a little bit better. Well, you know, that's external pressure. And the challenge is just to get in front of everybody like the whole world. Know who we are? Uh, reaching out painting to your ideas internally. That's also another like Italians. I'm very motivated. I have to make sure all the people at the firm motivated I the same way. And they don't They don't become like a complacent. I actually just made a big speech this morning. Yeah, we're the internal meeting. Like I told everybody way decided to do this together, you know, which means, actually, uh, I put in my future, your hands. It's like you put the old futures in my head's I work in myself because I don't want a disappointing you. I tell you, your future very seriously. I expect the same. Otherwise there will be consequences. So that's how I think about that. You have to motivate people in the right way. You have to be fair. I feel like the bass away to run this. Just keep it transparent. Open communication, but affair. As long as you're being fitter, people don't money. You are being tough. Sometimes you have to be tough. You know, Lucy, always create. Criticize me being too soft. But I'm trying to learn. You know why I e I need to be tough. I have to be tough because this is for the greater good. Ah, that's how I said, Well, yeah.