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    RWH031: Abundance w/ Michael Berg

    enAugust 20, 2023
    How does Michael Berg define true happiness?
    What role does humility play in seeking wisdom?
    What is the connection between kindness and happiness?
    How can sharing enhance our sense of abundance?
    What is the significance of tithing in personal growth?

    Podcast Summary

    • Seeking wisdom for true happinessPursuing wisdom leads to happiness through new perspectives and humility, acknowledging our limited knowledge of reality.

      The pursuit of wisdom and happiness are interconnected. Michael Berg, a scholar and teacher of the ancient spiritual wisdom of Kabbalah, emphasizes that true happiness comes from constantly seeking wisdom that changes us and gives us a new perspective on life. He also highlights the importance of humility as a sign of wisdom, acknowledging that we know only a tiny fraction of reality. Michael's teachings, which have impacted William's own life greatly, encourage us to strive for wisdom and humility to live a richer, wiser, and happier life. Additionally, Michael discusses practical ways to extract more pleasure from our wealth, enhance our sense of abundance through sharing, and deal with adversity. These timeless principles, drawn from ancient wisdom traditions, continue to be relevant and helpful in our modern lives.

    • The Ancient Wisdom of Kabbalah Made AccessibleA once secret wisdom, Kabbalah, is now being shared with the world, offering insights into understanding ourselves and the world.

      Kabbalah is an ancient, secret wisdom that was originally only accessible to a select few for thousands of years. This wisdom, which is believed to be the foundation of the world, was passed down through generations through oral tradition and revealed texts. About a hundred years ago, the decision was made to make this wisdom more accessible to the public, and it began to be translated and disseminated in various languages. This was a controversial move, as those who held the wisdom had long believed it was only for the chosen few. Despite the risks, the founders of the Kabbalah Centre began to share this wisdom with the world, recognizing its importance for all people. The history of Kabbalah is rich and complex, with many twists and turns, but at its core is the belief that this secret wisdom holds the key to understanding the world and ourselves.

    • Kabbalah: A Spiritual Technology for Personal GrowthKabbalah, a spiritual technology, offers individuals the potential for personal growth and self-improvement, rooted in ancient teachings, without being tied to a specific religion or fear of divine retribution.

      The wisdom of Kabbalah, which has a long and often dangerous history due to its perceived threat to power structures, is not a religion but rather a spiritual technology meant to help individuals transform and lead richer, wiser, and happier lives. This technology, rooted in ancient teachings, aims to guide individuals towards personal growth and self-improvement, rather than following a set of rules or fearing divine retribution. Despite its history, the dissemination of this wisdom is crucial as it holds the potential to positively impact anyone's life. The original intention of spiritual teachings, regardless of their religious or cultural origins, was to facilitate personal transformation, and this is the core essence of Kabbalistic wisdom.

    • Aligning wealth with spiritual growth in KabbalahIn Kabbalah, wealth is seen as an aspect of divine energy, necessary for spiritual teaching and a positive part of life when used wisely.

      In the spiritual tradition of Kabbalah, there is no inherent conflict between being spiritually enlightened and successful in worldly terms. In fact, having both strength, wisdom, and wealth is seen as necessary for great spiritual teaching. Everything, including money, is considered an aspect of the divine energy or light of the creator. The fundamental purpose of life, according to Kabbalah, is to receive and experience an abundance of goodness. Therefore, having wealth and receiving it is not a negative, but rather aligns with the divine intention for our lives. However, it's important to use wealth in positive ways and not let it become an obsession.

    • Spirituality and Wealth are InterconnectedAccording to ancient wisdom, spirituality and wealth are interconnected. Focusing on spiritual matters while being frugal with wealth and avoiding negative actions can help keep the flow of abundance energy unblocked.

      According to the ancient wisdom of the Talmud and Cabalistic view, attaining wealth is not only not against spirituality but is often a prerequisite. The belief is that we are meant to increase in pleasure, joy, abundance, and wealth in this world. Spirituality and material success are interconnected. Sir John Templeton, a famous global investor and spiritual man, embodied this belief by focusing on spiritual matters and being frugal with his wealth. However, it's important to do both the physical work to attain wealth and the spiritual work to keep the flow of abundance energy unblocked. Negative actions such as selfishness, ego, anger, and speaking negative words can create blockages. The analogy is that if you block the major valves that bring water to your house, you cannot expect the water to flow. It's not that God is angry with you but that you have created an obstacle to the flow of blessings.

    • Open spiritual channels for abundanceFocus on both physical work and spiritual growth for true success and fulfillment, eliminating actions that block the flow of energy and abundance.

      Both physical and spiritual work are essential for achieving abundance and success in life. The speaker used the analogy of water flowing into a house to explain this concept. Just as a house needs the main valve open to receive water, we need to open up spiritual channels by being charitable, kind, and focusing on our spiritual growth. Without this spiritual connection, our efforts in the physical world will be limited. The Talmud, an ancient Jewish text, supports this idea by suggesting that one should invest time and effort in both physical work and spiritual growth to become wealthy. The speaker also emphasized the importance of recognizing and eliminating actions that clog the flow of energy and abundance in our lives. Overall, the message is that we need to focus on both the physical and spiritual aspects of our lives to achieve true success and fulfillment.

    • Living an Engaged Life: The Example of MaimonidesCombining practical work with intellectual pursuits is a more authentic form of spirituality than retreating from the world. Engage in the world and extract wisdom from it to be holy.

      Learning from the conversation between Charlie and the speaker is the importance of living an engaged life, as exemplified by the 12th century rabbi and doctor Maimonides. Maimonides' philosophy of combining practical work with intellectual pursuits is seen as a more authentic form of spirituality than retreating from the world. This idea is reflected in a biblical verse, "be holy," which the Kabbalists interpret as engaging in the world and extracting wisdom from it. The speaker's father's teacher, who was the spiritual leader of a workers' union, held a similar view that wisdom without work is not true wisdom. A story about a student who ran an inn and prayed for financial security to dedicate his time to spiritual work illustrates the importance of finding balance between worldly responsibilities and spiritual growth.

    • Recognizing material possessions as giftsUnderstanding that material possessions are temporary gifts can help us avoid attachment and find peace in our relationship with money and other things, allowing us to use them wisely and find balance between engaging in the world and extracting spiritual fulfillment.

      We are not in this world to run away from it, but to be engaged in it and extract spiritual connection and fulfillment. Regarding material possessions, it's important to recognize that they are not truly ours, but rather gifts given to us for a purpose. This perspective can help us avoid attachment and find peace in our relationship with money and other material things. As Ross Gerber explained, the money we have is not ours in the long term, and recognizing this can help us appreciate it more and use it wisely. Ultimately, the goal is to find balance between engaging in the world and extracting spiritual fulfillment from it, rather than seeing these two aspects as contradictory.

    • Understanding possessions as connected to a higher sourceRecognizing possessions aren't truly ours fosters continuous pleasure and growth. Appreciate them as temporary gifts, not permanent possessions.

      Recognizing that our possessions, be it money or material goods, are not truly ours but are connected to a higher source, allows us to maintain their life force and appreciation. This spiritual perspective keeps our blessings connected to their source, fostering continuous pleasure and growth, whether in relationships or wealth. By understanding that we do not own these things, but rather have them for an undetermined amount of time, we can maintain great appreciation and extract more joy from them. King Solomon's verse, "you will find often wealth kept with the individual for their detriment," highlights the importance of this perspective in ensuring the ongoing benefits of our possessions.

    • Appreciation leads to true wealth and happinessCultivating gratitude and appreciation for what we have can lead to greater success and happiness, rather than focusing solely on accumulating more money or possessions.

      True wealth and happiness come not from the amount of money or possessions we have, but from our ability to appreciate them. As Trey Lockerbie and Ross Gerber discussed, there are many people with substantial wealth who fail to find joy in it due to a loss of appreciation. This concept is supported by studies showing that money does not directly correlate with happiness. Instead, we should focus on cultivating a sense of gratitude and appreciation for what we already have. The Talmud teaches that a wealthy person is one who is appreciative of their blessings, and research suggests that practicing gratitude can lead to greater success and happiness. By regularly reflecting on what we are thankful for and meditating on the potential loss of these blessings, we can awaken greater appreciation and find true wealth and happiness in our lives.

    • The importance of appreciation and humility for happiness and successAcknowledging luck and humility can lead to greater success and happiness, as it opens the door for more blessings and prevents excessive risk-taking. Recognizing our interconnectedness with the world can help us maintain humility and appreciation, leading to greater fulfillment on the journey to success.

      Appreciation and humility are essential for happiness and success. The speaker emphasizes the importance of being grateful for what we have, as it opens the door for more blessings and abundance. Howard Marks, a multibillionaire investor, is an example of how acknowledging luck and humility can lead to greater success and prevent excessive risk-taking. Ultimately, recognizing that our success is not solely dependent on our individual attributes but on the collective efforts and opportunities provided by the world around us, can help us maintain humility and appreciation. This perspective not only makes us happier but also allows us to grow with our wealth. It's important to remember that the journey to success is not a solo endeavor, and acknowledging our interconnectedness with the world can lead to greater fulfillment.

    • Embracing humility and the endless potential of all thingsRecognizing the infinite energy in relationships and possessions leads to endless pleasure and appreciation for life and wealth

      Maintaining humility and recognizing the limitless potential and energy within all things, including relationships and possessions, can lead to endless pleasure and appreciation for life and wealth. This spiritual concept, as explained by Preston Pysh, suggests that everything in our lives, from our relationships to our material possessions, is connected to the endless energy of the universe. By understanding this and practicing humility, we can extract more joy and fulfillment from our lives. This perspective challenges us to look beyond the finite aspects of our possessions and relationships and see the endless potential they hold.

    • Smart financial decisions and giving back are essential for wealth and happinessMaking informed financial decisions and giving back can lead to wealth growth and spiritual richness

      Making smart financial decisions and giving back are essential components of enjoying wealth and leading a fulfilling life. Trusting reliable sources like NerdWallet for financial advice can help you make informed decisions and maximize your rewards, such as travel miles. On the other hand, giving back through charity, tithing, or other means can keep your wealth alive and bring greater happiness. This concept is rooted in the idea that all wealth comes from a higher source, and actively acknowledging and connecting this flow of energy can lead to more pleasure and abundance. As the biblical concept of tithing illustrates, giving a portion of your wealth to others can actually revitalize the remaining funds and lead to greater growth. Ultimately, the combination of financial savvy and generosity can lead to a more spiritually rich life.

    • Giving back keeps your money connected for growthTithing or giving a portion of income can lead to greater abundance and wealth, aligning with the giving nature of the universe, starting small if needed.

      Tithing, or giving a portion of your income back to the source, is believed to keep your money connected and allow it to continue growing and bearing fruit. The speaker emphasizes that this mindset of giving, rather than hoarding, can lead to greater abundance and wealth. He also acknowledges the fear of not having enough, but encourages trying it out and starting small if necessary. The speaker draws connections to ancient wisdom and the idea that the energy of giving aligns with the giving nature of the universe. Additionally, he suggests giving not just money, but also time, to further emphasize the importance of generosity.

    • Sharing from a place of genuine connection and selflessnessTransformative sharing comes from a pure and authentic place, connecting us to a greater source of energy and light. Share time, wisdom, love, and resources with others, and avoid disempowering those we care about.

      Sharing and giving should come from a place of genuine connection and selflessness, rather than ego or a desire for personal gain. According to the speakers, the most transformative and beneficial acts of sharing are those that come from a pure and authentic place, connecting us to a greater source of energy and light. This includes sharing our time, wisdom, love, and resources with others, as well as being mindful of how we give to our children or family members to avoid disempowering them. The ultimate goal should be to give and share because it brings growth and abundance to ourselves, rather than just to be seen as a good person.

    • Earning and creating brings true fulfillmentEarning and creating our own success brings more fulfillment than relying on unearned gifts or inherited wealth.

      For true fulfillment and happiness in life, we must earn and create what we have, rather than having it given to us. According to this perspective, if everything was perfect and given to us without effort, we would eventually become unhappy and unfulfilled. Our innate nature craves the satisfaction that comes from overcoming challenges and creating our own success. Therefore, it's essential to encourage our children and loved ones to develop their own abilities and earn their own wealth and success, rather than relying on unearned gifts or inherited wealth. This principle applies to all areas of life and is a fundamental truth that leads to a more fulfilling existence.

    • The principles of restriction and deferred gratification in spirituality and businessUnderstanding the importance of restriction and deferred gratification in both spirituality and business can lead to sustainable and fulfilling systems, resulting in long-term benefits and happiness

      The principles of deferred gratification and restriction, as seen in spirituality and business, are essential for creating a sustainable and fulfilling life. Tzimtzum, or the ancient concept of restriction, is foundational to creation, and in any system, including business and personal life, there needs to be an element of receiving, giving, and restriction. Deferred gratification allows for long-term benefits and a benevolent cycle, as seen in successful businesses like Amazon and Costco. By understanding this fundamental concept, we can create systems that prosper and last, leading to happiness and fulfillment in our lives.

    • Balance of sharing, receiving, and restriction for sustainabilityPrioritize happiness through acts of kindness and appreciation to attract blessings and abundance

      Sustainability, whether in relationships or personal growth, requires a balance of sharing, receiving, and restriction. This concept is not new and can be seen throughout history, from the story of Esau and Jacob in the book of Genesis to modern-day examples. Happiness, another crucial aspect of a fulfilling life, is closely tied to kindness and appreciation. Kindness aligns us with the benevolent energy that sustains the world, and happiness is essential for attracting blessings and abundance. As the Zohar teaches, the light of the creator only rests on a happy individual. Therefore, it's important to prioritize happiness and cultivate it through acts of kindness and appreciation.

    • Accepting life's uncertainties and trusting in a benevolent forceEmbracing uncertainties and trusting in a benevolent force can help us find happiness and meaning in life's challenges

      Understanding and accepting that we're not in complete control of our lives and trusting in a benevolent force can help us navigate through life's challenges and find happiness. According to Marc Morphew, this perspective has helped him deal with various setbacks, including personal losses and unexpected circumstances, by reframing them as part of a greater plan for growth. This mindset allows us to appreciate the blessings in our lives, even when things don't go as planned. As Trey Lockerbie pointed out, this is a valuable lesson for all of us, as we all face challenges and setbacks in our lives. Embracing this perspective can help us maintain happiness and find meaning in our experiences.

    • Challenges can lead to personal growth and happinessRecognizing our infinite potential and focusing on inner consciousness can help us navigate challenges with peace and acceptance, increasing daily happiness and abundance.

      Challenges and hardships, although uncomfortable, can lead to personal growth and greater happiness. Our mindset and consciousness play a significant role in determining our response to external circumstances. Pablo Fernandez emphasizes the importance of recognizing our infinite potential and the purpose of our existence being to increase happiness and abundance daily. Preston Pysh adds that consciousness is everything, and our internal state, not external circumstances, determines our happiness. A simple story illustrates this concept: a woman spills her coffee on someone, but the response of the person determines their experience – whether it leads to frustration or a humorous moment. Embracing these teachings can help us navigate challenges with a greater sense of peace and acceptance.

    • The Power of a Positive Mindset and InterconnectednessUnderstand that everything happens for our benefit, maintain a positive mindset, recognize our interconnectedness, and cultivate compassion, kindness, and understanding towards others.

      Key takeaway from this conversation with Michael Berg is the importance of maintaining a positive mindset and understanding that everything happens for our benefit. Michael shared a personal experience of being stuck in a difficult situation on a flight, but instead of getting angry, he chose to believe that it was for his benefit. He emphasized the power of consciousness and how it can shape our perception of events. Additionally, Michael's teachings emphasize the interconnectedness of all things and the importance of recognizing our interdependence. The Zohar, a foundational text of Kabbalah, teaches that "There is no division, but all is 1." This reminder of our interconnectedness is a helpful reminder to diminish our sense of division and separation in the world. Michael's resources, including his podcast, books, and lectures, offer practical advice and wisdom on how to apply these teachings to everyday life. By focusing on our interconnectedness, we can cultivate compassion, kindness, and understanding towards others, and work towards greater happiness and fulfillment.

    • The Interconnectedness of Our Lives and the Responsibility We Have Towards Each OtherWe all have a role to play in making the world a better place, and can learn and grow from each other. Embrace the journey of learning and self-improvement, and consider resources for Bitcoin and studying billionaires. Remember, this podcast is for entertainment purposes only, consult a professional before making financial decisions.

      Key takeaway from this podcast episode is the interconnectedness of our lives and the responsibility we have towards each other. The speaker emphasized that we all have a role to play in making the world a better place, and that we can learn and grow from each other. He encouraged listeners to continue their journey of learning and self-improvement, and offered resources for those interested in Bitcoin and studying billionaires. Remember, this podcast is for entertainment purposes only, and it's important to consult a professional before making any financial decisions. Stay tuned for more insights and knowledge every Wednesday and Saturday on The Investors Podcast Network. And don't forget to subscribe, share, and stay connected with us at theinvestorspodcast.com.

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    BTC198: Institutions Adopting Bitcoin w/ Max Kei and Pascal Hugli  (Bitcoin Podcast)
    In this episode, Preston interviews Max Kei and Pascal Hugli, diving deep into how Bitcoin's unique characteristics position it as the ultimate collateral for institutional lending. The discussion covers key topics such as risk management, the role of stablecoins, peer-to-peer lending versus traditional finance, and the future of Bitcoin in institutional portfolios. Max and Pascal share their perspectives on the barriers to institutional adoption, the evolving regulatory environment, and the innovations shaping the future of Bitcoin lending and borrowing platforms. In this episode, William Green chats with Harold J. (“Jay”) Bowen III, President & CIO of Bowen, Hanes & Company. Jay & his late father generated dazzling returns for their biggest client, the Tampa Firefighters’ & Police Officers’ Pension Fund. The fund’s stock portfolio has achieved an annualized return of 14.4% over 50 years & a cumulative return of more than 81,000%. Here, Jay explains how they pulled this off, sharing one of the great untold stories of the investment world.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 09:47 - How Bitcoin’s 24/7 liquidity and decentralized nature make it the most pristine collateral for lending and borrowing. 16:59 - The impact of Bitcoin’s deep liquidity on risk management strategies for institutions. 20:45 - The challenges and opportunities for institutions in adopting Bitcoin compared to traditional assets. 24:45 - Insights into Bitcoin’s performance in institutional portfolios and how it shapes future portfolio management. 32:13 - The future of Bitcoin lending and borrowing platforms and the innovations on the horizon. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Max Kei’s Institutional Borrowing and Lending platform: Debifi. Max and Preston: The Future of Bitcoin Borrowing and Lending w/ Max Kei (BTC177). Max Kei's X Account and Nostr. Pascal Hugli’s X Account and Nostr. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Sound Advisory American Express The Bitcoin Way Vacasa USPS Onramp SimpleMining Public Fundrise BAM Capital Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    RWH049: Crushing The Market Over 50 Years w/ Jay Bowen

    RWH049: Crushing The Market Over 50 Years w/ Jay Bowen
    In this episode, William Green chats with Harold J. (“Jay”) Bowen III, President & CIO of Bowen, Hanes & Company. Jay & his late father generated dazzling returns for their biggest client, the Tampa Firefighters’ & Police Officers’ Pension Fund. The fund’s stock portfolio has achieved an annualized return of 14.4% over 50 years & a cumulative return of more than 81,000%. Here, Jay explains how they pulled this off, sharing one of the great untold stories of the investment world.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 08:37 - What makes the Tampa Firefighters’ & Police Officers’ Pension Fund special. 17:54 - How Jay Bowen’s father came to run the fund half a century ago. 29:09 - How to thrive by slashing fees, shunning consultants, & thinking long term. 38:54 - Why Jay takes a top-down thematic investment approach. 43:03 - How the fund made a fortune buying Coca-Cola before Buffett. 47:15 - Why it pays to bet on extraordinary CEOs. 51:09 - Why truly long-term investors shouldn’t bother with bonds. 1:05:31 - How Jay is positioned to profit from the Fourth Industrial Revolution. 1:10:27 - How he thinks about pricey stocks like Nvidia & Costco. 1:14:29 - How he invests in smaller companies he sees as future blue chips. 1:18:06 - Why he’s obsessed with the Federal Reserve. 1:22:16 - How to invest successfully in times of market mayhem. 1:37:58 - How being an endurance athlete has helped Jay as an investor. 1:53:58 - How he structures his days to optimize performance. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jay Bowen’s investment firm, Bowen, Hanes & Company.  Links to Jay Bowen’s media appearances. William Green’s podcast episode with Fred Martin | YouTube Video. William Green’s podcast episode with Bob Robotti | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck

    TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck
    On today’s episode, Clay offers a detailed guide on creating an investment checklist to help you avoid picking losing stocks. An investment checklist, paired with thorough fundamental analysis, is crucial for making informed and intelligent decisions in the investing world. Great investment opportunities are rare, and a well-crafted checklist is key to distinguishing exceptional companies from mediocre ones. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:44 - Why fundamental research is essential to invest successfully. 04:47 - How to generate new investment ideas. 06:47 - How to understand the basics of a business. 08:31 - How to understand the customer base. 10:32 - How to determine the primary risk factors of a business. 19:19 - How to evaluate the strengths and weaknesses of a company. 28:25 - Which financial and operating ratios investors should monitor? 32:53 - How to determine the quality of a company’s earnings and management team. 01:06:51 - How to evaluate growth opportunities. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Books mentioned: The Investment Checklist, 7 Powers, Investment Intelligence from Insider Trading. Mentioned Episode: TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP600: Business Durability and Strategy Masterclass w/ Hamilton Helmer. Mentioned Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP602: Same as Ever w/ Morgan Housel. Mentioned Episode: TIP492: The Best Investor You've Never Heard Of — Nick Sleep. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    BTC197: What are Bitcoin Fedimints w/ Obi Nwosu and Renata Rodrigues (Bitcoin Podcast)

    BTC197: What are Bitcoin Fedimints w/ Obi Nwosu and Renata Rodrigues  (Bitcoin Podcast)
    In this episode, we dive into the challenges of Bitcoin payments and scaling, and how Fedi is addressing these issues. Obi Nwosu explains the concept of Fediments and guardians, while Renata Rodrigues shares her on-the-ground experiences in Africa, discussing the real-world impact of Fedi on communities. We also explore the tools within the Fedi app that empower users to earn sats and the potential of Fedi to unlock talent trapped by financial repression. Additionally, Obi and Renata discuss Fedi’s move towards open-source, social backup mechanisms, and their partnership with Save the Children. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:54 - The major problem that Fediments solve for Bitcoin payments and scaling. 04:31 - How guardians function within the Fedi ecosystem and the role they play in protecting user privacy. 05:43 - The concept of the Fedi Order and how it supports the Fedi ecosystem. 15:33 - Insights from Renata Rodrigues on the conversations happening in Africa around Bitcoin adoption. 18:43 - Obi Nwosu's perspective on how financial repression is trapping talent globally and how Fedi can help unlock it. 28:30 - How vendors are responding to incorporating Fedi into their stores. 30:01 - The tools inside the Fedi app, known as Fedi Mods, that enable people to earn sats. 32:17 - The importance of social backup and stable channels within the Fedi ecosystem. 43:35 - Fedi’s partnership with Save the Children and how it is making a difference. 46:52 - How to start your own Fedimint and the timeline for getting set up. 51:00 - Fedi's transition towards becoming open source and what it means for the future. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Watch the Fedi Live Event at Fedi.xyz. You can follow Fedi on X and Nostr and join the Fedi Telegram community here. Download the Fedi App. Connect with Developers on Fedimint and Discord here. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP655: Hustle, Trust, and Cash Flow: Nike’s Genesis w/ Kyle Grieve

    TIP655: Hustle, Trust, and Cash Flow: Nike’s Genesis w/ Kyle Grieve
    On today’s episode, Kyle Grieve discusses a wonderfully well-written autobiography, “Shoe Dog” by Phil Knight, the founder of Nike. He discusses the importance of identifying and pursuing true happiness while ensuring a stable income as a fallback, the value of hustle, the importance of trust with your suppliers, why focus is so vital to business success, the hidden downsides of issuing equity, the importance of maintaining cash reserves, the complexities of growing a business, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:30 - The importance of being aware of what will make you happy in life, and pursuing it with deep focus 07:37 - Why happiness can't be fulfilled based purely on increased earnings power 09:42 - Why hustle and unconventionality is so important to getting a nascent business off of the ground 15:36 - The difficulties of aligning incentives between lenders and borrowers in fast-growing businesses 23:29 - The importance of creating an enemy in business to help motivate executives to continue innovating and improving 25:31 - Why focused business leaders are so important, and why you want to avoid CEOs doing excessive side projects 28:56 - The aspects of cloning Phil took to increase exposure for the Nike brand 32:49 - Why maintaining positive cash balances is so important to the health of a business 47:23 - Why public businesses use dual share structures so management can maintain control 47:58 - Why IPO's have misaligned incentives for investors And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy Shoe Dog here. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way Public American Express Onramp SimpleMining Fundrise Shopify USPS HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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