For most individuals, dropping $60 million would ship them right into a frenzied panic. For Rafa Martinez, it’s simply a part of the job.
“I happily don’t stress about something. I’m the good dude within the room — it doesn’t matter if I’m manner up or manner down,” Martinez instructed Noah Kagan throughout an episode of Noah Kagan Presents, a podcast for entrepreneurs.
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Martinez trades pure commodities for a dwelling and is properly on his solution to turning into a billionaire. But it surely’s maybe his childhood — rising up through the civil warfare in El Salvador — that formed who he’s at the moment (and provides him a excessive tolerance for danger).
In March 2020, Martinez was in Spain watching Actual Madrid play Barcelona when the world began shutting down due to COVID-19. “I’m watching crude collapse,” he says. “We noticed my e-book simply lose thousands and thousands of {dollars} in a single day as a result of folks began panicking.”
Actually, he misplaced about $60 million in a matter of three weeks.
However as an alternative of panicking, Martinez purchased himself out of his place and doubled down the other manner. “Every part that I misplaced, I multiplied it by fully reversing my view, all in a matter of a month.” He ended up making again about $180 million, as he told Kagan.
In pursuit of the American Dream
His household emigrated to the U.S. from El Salvador when Martinez was simply 12 years outdated. He was born right into a 12-year-long civil warfare (from 1980 to 1992) between the federal government and the Farabundo Martí Nationwide Liberation Entrance, which was punctuated by violence and human rights violations.
“I bear in mind as a child after I lived in El Salvador listening to the bombs and the gunshots and other people operating on the roof and us hiding beneath our beds,” says Martinez.
“As a child I didn’t actually admire what my mother and father of their early 20s have been going by,” he provides, his voice cracking with emotion. After the warfare, they lived a modest life: that they had a home, that they had meals on the desk, however they didn’t have any luxurious objects — they couldn’t even afford Christmas presents.
His household left for Houston in 1997 in pursuit of the American Dream, working minimal wage jobs and renting a one-bedroom residence that price $450 a month. Martinez knew he was going to make one thing of himself so he may assist his mother and father in the future, “as a result of I wasn’t going to cease till I did.”
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From immigrant to multi-millionaire
Martinez made his first million when he was 29 years outdated, buying and selling pure fuel. He’s nonetheless a dealer, although he’s additionally a serial entrepreneur, investing in a lot of start-ups, from health and racing to building and tech. He attributes his success, partially, to the very fact he possible has a “larger tolerance of stress and danger than most individuals.”
Whereas buying and selling pure commodities may be a good way to generate wealth, he says it’s additionally a “nice solution to be stressed and lose your thoughts over the stresses of the market.” In different phrases, it’s not for everybody — particularly since commodities are thought-about one of the riskiest ways to invest.
However the secret to his success? He trusts his intestine — even when he occurs to be down $60 million.
“I perceive markets are going to fluctuate, and so if I can stand up to the fluctuations and nonetheless stick with my weapons, then I can see positions play out whereas different folks generally should get out.”
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