for kyle bass, it was about falling out of a premed program. a-ha moment. their gary: you were born in miami but raised in texas. you went to public high school. class i went to public grade school. then dallas and arlington. gary: where did you end up going to college? >> texas christian. i went into the global training s.ogram for retail fa' i spent two and a half years there and then left to go to bear stearns shortly thereafter. anthony: how did you make the transition? >> my goal was to build a nest egg to haveest and tocapital to invest have enough until things worked out. i got to that day december 2005. gary: who were some of the people on wall street that you looked up at. other than gary kaminsky. you thought that his great success in the industry. >> i was impressed by the psychology of it all. i wrote -- i read every book that soros ever wrote. i was able to meet george and his son. it has been -- i have come full circle. gary: you come from a family of money managers. online -- on up in long island. i'm just a little bit younger than gary. anth

. >> rick reeder, kyle bass, jamie dimon, oscar schafer. that are certainly people to people who watch this program. how do you get involved if you want to take part in the competition, trade alongside some of the masters on wall street? >> it's really easy. but you have to be registered before january 18th when the contest starts. you go to our website, portfolios with purpose.org. you sign up in the novice or professional level and you pick five stocks, long or short. billion-dollar market cap animal. and then you can make five trades throughout the year. >> all the proceeds go -- >> all the proceeds go to charity. at the end of the year the top-performing portfolios win for their favorite charity. >> and i want to know what the master's doing in the contest. what iswhat does your portfolio look like for this contest? >> well, the goal is to win. right? >> we know all you guys are competitive. i know that. >> but if the goal is to win you need to sort of pick levered stocks so that if you're right those stocks are going to massively outpe

kyle bass brought it up brilliantly in the last segment. there's trillions of dollars of credit risk, especially in china, so as the dollar surges, you have a credit situation that gets exponentially worse in asia, and that has a negative effect back in the united states because at the end of the day -- >> that's the transmission mechanism. >> and guess what. in the '50s it wouldn't be such a big deal, but today we have $18 trillion of gdp in the united states and $60 trillion outside. so that's the problem. that dollar surge is creating some real international pain. >> we'll continue the zmution a second, but let's get to brian sullivan now because you have a news alert in the oil patch. >> you guys -- thanks. you guys were talking about oil just now. we saw a huge drop in rig counts. we're down 20 oil rigs last week according to baker hughes. that's the fifth or sixth drop in a week, but it is one of the biggest drops that we have seen since we have been hitting these numbers, guys. what i think is interesting is that we're not seeing a b