Founders
Episode 223 #223 Unstoppable: Siggi Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend
Founders

Episode 223: #223 Unstoppable: Siggi Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend

Founders

Episode 223

#223 Unstoppable: Siggi Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from learned from reading Unstoppable: Siggi Wilzig's Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend by Joshua M. Greene.

What I learned from reading Unstoppable: Siggi Wilzig's Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend by Joshua M. Greene.

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Never give up. Only death is permanent. Everything else can be fixed.

I couldn't take such talk about not coming out alive. I didn't want to hear it. Whenever my mind told me I was not going to survive, the Almighty told me to keep going. So I stayed away from the others.

Because I could outwit the guards, I always felt superior to them. I hated them. I hated their brutality, their inhuman behavior. I felt stronger, more intelligent, and I had confidence in myself from childhood. So even though they had the guns and did all the killing, I felt superior. It was obviously a touch of arrogance, and some of it was justified and some not justified, but even in that totally hopeless condition I looked down on all of them.

It was clear that Americans were alive in every sense, moving purposefully toward some vision of tomorrow. He liked that. He would do that, too: grasp opportunities and not allow the darkness of the past to rob him of a bright future.

Even smart chickens shit on their own feathers!

When Naomi found out her husband was purchasing shares of Wilshire on a regular basis, she chided him. "More stock? We can barely pay the bills and you're buying more stock?" Siggi made excuses, but he didn't stop buying. "I didn't see how this was going to change our life," Naomi said, remembering other stocks her husband had bought and other career moves he had made. "But that's how it turned out."

You are looking at a man who had the foxlike instincts to survive history's darkest hour, a man who has no fear of adversity and who cannot be intimidated by overwhelming odds.

Siggi had grown his bank from $180 million in assets to more than $4 billion.

Siggi was the first person in history to sue the Federal Reserve.

He's just happy to be alive. People thought he was nuts and laughed at him, but he didn't care.

Less than a year after his death, his estate was worth hundreds of millions of dollars. “Not bad," as Siggi once said, "for a short, bowlegged Jew with flat feet who never graduated kindergarten and started with only $240 in his pocket."

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#223 Unstoppable: Siggi Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend

Introduction

“When people ask me, how did you survive? I leave out a small thing, which isn't really a small thing. Any survivor who has a heart and brains lives with guilt, that they survived, and others didn't. My mother was sent straight to the gas chamber. My father was beaten to death. My sister, Martha, was murdered. My brothers, Willy and Martin and Louis, were murdered.”

“And here I am, and they're all dead. Why them and not me. It was as if God had his hand on my shoulder to lead and guide me when I was all alone and in mortal danger. I remember everything since I was 3.5 years old. I can tell you the color of the stripes on my mother's sweater from when I was a little boy. It's good and bad, such a memory because everything stays with you and you can't shut it off.”

“I remember where we went fishing as boys, but I also remember what the barracks look like in Auschwitz and the Kapo with a stick in his hand and everything he did and that memory is very, very bad. It never goes away. He reached down and rolled up the leg of his pants. Look, see, since the day of my liberation, I wear 2 pairs of socks. For the past 50 years, I've never left the house without 2 pairs of socks, that and a safety pin, 2 pairs of socks because in the camps, a pair of socks can make the difference between living and dying.”

“The deficiency of the body, the dirt, the filth from a splinter, you would develop rotting flesh. One splinter from a wooden shoe and you would die. And why a safety pin? A little pin could save your life in the camps. If you need to hold up a piece of cloth as a bandage around your leg or keep your pants up. How did I remain alive for almost 2 years in Auschwitz? It wasn't by education. I didn't have any. It was the hand of the Almighty. I'm going to tell you something that I don't think I've ever said. As terrible as it sounds, I don't think I could live without the nightmares.” “It gives me a very ultrarealistic difference between life and death. It shows me what life is now, and I would never give that up, never, never, never.”

That was an excerpt from the book that I want to talk to you about today, which is Unstoppable: Siggi Wilzig's Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend and it's written by Joshua M. Greene. This story is unbelievable. We do learn what Siggi had to go through and endure and then what he's able to accomplish after the fact. I'm going to jump right into the book. The book starts when he's 21 years old. The year is 1947. He's arriving for the first time in America, and he's about to be reunited with one of his sisters.

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