Episodes

Introduction to InvestingWe live in a capitalistic society, where everything revolves around adding value. Adding value can be anything: farmers, bakers, architects, artists, teachers, athletes. When you go to school, you are being trained to bring value to society. After you finish school and start working, you are being paid for creating value. In this episode, we will lay down the groundwork for the rest of the book that we will be reading in this season. We will also discuss why should every...

Talking To My Daughter About The Economy: A Brief istory of CapitalismBy Yanis VaroufakisIn this letter to his teenage daughter, one of the world's most famous economists uses vivid stories to explain what economics is and why it is so dangerous. What is money and why does debt exist? Where do wealth and inequality come from? How come economics has the power to shape and destroy our lives? Economics is not a technical science, it is an epic drama: a battleground of ideas, a war between the power...

The Intelligent InvestorBy Benjamin GrahamThe Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains. Key TakeawaysInvestment is not gambling or speculatingAn investment is going to protect the principal and provide an adequate return. Anything t...

The Bitcoin Standard: The Decentralized Alternative to Central BankingBy Saifedean AmmousThe Bitcoin Standard analyzes the historical context to the rise of bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey t...

NFTs (Non-Fungible Token), explainedA non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain). NFTs can be associated with easily-reproducible items such as photos, videos, 3D models, audio, and other types of digital files as unique items (analogous to a certificate of authenticity). NFTs use blockchain technology to provide a public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be co...

Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 Into $100,000,000By Jason CalacanisOne of Silicon Valley’s most successful angel investors shares his rules for investing in startups.There are two ways to make money in startups: create something valuable—or invest in the people that are creating valuable things.Over the past twenty-five years, Jason Calacanis has made a fortune investing in creators, spotting and helping build and fund a numb...

The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment By Guy Spier What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated ...

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness By Morgan Housel Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner t...

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness By Eric Jorgenson Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the wor...

Decentralized Finance or DeFi Decentralized Finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Some appl...

Art of the Deal: Contemporary Art in a Global Financial Market By Noah Horowitz Art today is defined by its relationship to money as never before. Prices of living artists' works have been driven to unprecedented heights, conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. Artists no longer simply make art, but package, sell, and brand it. Noah Horowitz exposes the inner workings of the contemporary art ma...

Thoughts and Learnings in Investing Everyone should be thinking about investing. Every money decision you make is an investment decision. All investments are broadly equal on the risk/reward spectrum. Only actively make investment decisions when you have an edge. Your investment strategy will depend on your situation (your age, tolerance for downturns, goals, etc.) Compounding is key in investing and in life Downturns are the price you pay for being invested. Think positive-sum (put your money i...