:10:01
Under the circumstances,
this puts me at a disadvantage.
:10:05
It's quite common.
Mr. Stanley will do fine. Begin.
:10:12
Today I would like to begin
with an episode in the 24th year of life.
:10:18
Mr. Miller had been out of school
and working for several years...
:10:23
...and he had put aside $10,000...
:10:25
...specifically to invest.
:10:28
Do you remember?
:10:30
One of Mr. Miller's good friends
from school...
:10:33
...was the son of an executive
of the Casio Corporation...
:10:37
...which at that time
was not doing particularly well.
:10:41
Mr. Miller had dinner with this friend...
:10:44
...at which he was given information...
:10:47
...which comes along maybe once
every five or six lifetimes.
:10:51
May we go to 24-2-16, please?
:10:57
They're gearing up now.
They'll start production in three months.
:11:01
- Buy as much stock as you can.
- This is fantastic.
:11:04
Switzerland keeps the time, Charles,
not Japan.
:11:08
- It'll change.
- I doubt it.
:11:10
Why not?
:11:11
Because you need a society
that is into precision.
:11:15
Japan makes great radios,
but they don't know beans about precision.
:11:20
You come here and tell me the Germans
are going to start making watches...
:11:25
...and I'll invest.
:11:27
What's the present value?
:11:29
- Six.
- Here's my prediction.
:11:31
When word hits the street, you're at three.
:11:35
You watch. Remember who said it.
:11:43
For the record...
:11:44
...Casio is one of the largest producers
of time pieces in the universe.
:11:50
I know who they are.
:11:53
For the record,
his original investment of $10,000...
:11:57
...would be won'th $37.2 million today.