"we've got about 6 years before everything changes and we thought money in the bank was safe we thought our house was safe but none of that true and the moment you put your money and your savings in th..."

"periods of time growing at 150% a year scaling at twice the speed of the internet so now the guy with $500 can get rich a couple of questions here then so I'm now 30 years oldish have I missed the boa..."

"continue to do what we do thank you so much well from a very high level perspective and I'm being unspecific here so I'm looking for an unspecific answer what exactly is the mission that you're on in ..."

"2008 and I was writing macroeconomic research for my research service Global macro investor and I had seen it coming I predicted it I knew it was coming I knew the problems I warned all of my friends ..."

"know and I saw that everybody had lost total faith in the system so Occupy Wall Street happened at the same period and it was people angry it's like we thought money in the bank was safe we thought ou..."

"of real Vision which was the idea of interviewing the people at the very heart of the system and kind of sharing the details because these people weren't hiding it they wanted to help people as well e..."

"the root of unhappiness and happiness often comes from does your vision of your future self match where you are today can you see that path whether that's finances whether it's Health they're all very..."

"we have to pause and just Define what I mean by the word macro when I think of the word macro I mean big picture yeah perspective so from a big picture perspective what are the things that stand a cha..."

"they can't afford to buy a house if I go back to when I was 30 I bought a house in London and it was it was a nice place in a good area and it was three and a half time salary yes I was in finance I w..."

"owning a house it's an asset that you can then pass on or you can sell if you need to and an asset is really a future Savings Plan it's something you save now that in the future you can consume you ca..."

"um people living on their own so I you could get your job get yourself an apartment has gone from 80% to 62% you're seeing the marriage rate Harve you're seeing um the home ownership rate go from 50% ..."

"human progress the American dream if the American dream is well you never be as wealthy as your parents and they were middle class people and I'm now less well off than them that's kind of [ __ ] so l..."

"from 50% to 32% it just shows that dramatic change that's happen happened over the decades and why each generation has found it more and more difficult to be like their parents so I am 30 years oldish..."

"other things to invest or to look for opportunities so first thing is income but even that's changing and how we earn incomes these days you know it used to be you go and work for a big firm you get p..."

"down I'm guessing one of the most important things in that season of your life is knowledge acquisition yeah and then if that's true then the next question is what type of knowledge should I be acquir..."

"opportunity in what they're not doing yeah or even somebody who manufactures stuff for that sector it can be anything where you can glean knowledge to give yourself an unfair advantage now on podcast ..."

"blow your savings on that crazy idea because you've actually learned how to do build a business already by building the one that you started or you start investing now the world of Investments was thi..."

"most people roll their eyes and go really stocks and bonds it's boring yeah but the world has changed the world has changed in many many ways but it's offered us opportunities whether it's investing i..."

"this is a little bit of a maybe a contentious question like is there something that they're doing wrong as it relates to the game no the game is the game and you have to play the game so okay so maybe..."

"still yeah very much so haven't I missed the boat no no it's happening again right now in mean coins this is Fascinating People watching this will go what a bunch of nonsense these are coins tokens we..."

"speculative end but it's also very cultural it's not about investment bankers it's not about Gatekeepers it's about you pitting yourself thinking is this going to catch on viral and if it is is it goi..."

"we go to technology stocks NASDAQ does about 18% a year okay that's starting to add up because these numbers compound after a while you know it goes from a th000 to 1,200 and then you know it's anothe..."

"house because I think most people think the minute they get some excess income and no for sure when I say most people it's like 95% of people that walk the streets think that the minute you get some e..."

"Want lifestyle so do you sacrifice your future self having more money by having a house and having security earlier I would argue those days are gone what do you mean so I could do it because it was t..."

"to take some money off the table and put it in my lifestyle bank and I'm going to buy a house that's what I've done my whole career and I find the lifestyle bank that that's the reward because now it'..."

"guess that speaks to your point about um it being a psychological but you would also get the same feeling if you rented that was in a nice place and you knew that you know your rent was Secure it wasn..."

"big idea about buying two or three houses getting a mortgage renting them out using the cash flow to pay for the other one right that's a lot of people's dream portfolio idea you know I've rented out ..."

"investment they feel safe because the price doesn't go up and down every day it's not on the screen it's not on CNBC but they're IL liquid which means they don't often trade but sometimes something ha..."

"situation my brother who has been an investment banker for about 10 years now works in my company in my fund he said to me when I was young when it comes to creating wealth what you want to do is focu..."

"maybe the right answer is to create a program to train other people to build their own window cleaning companies free yourself from the rat race and build this business you'll make more money doing th..."

"price insensitive in fact the more expensive it is the more they want it the other group is trying to compete with everybody else you know the two the two-bedroom apartment in the city right there's t..."

"a clean slate do one thing follow a trend a secular Trend a secular trend is a long-term Trend something that's happening right so everything is being digitized you wrode that Trend right social media..."

"replaced okay what I'm about to say is a mish mash of ideas that came to mind as you were speaking the first one was how do I spot a trend and when I say that I mean how does it feel in the moment bec..."

"you yes the equal and opposite idea is I think very important I just came back from three weeks off-roading in Zambia living on a tent on the roof of a Toyota Land Cruiser that is off-road prepared an..."

"and this whole rise of people thinking they need to that the the the security of working for a large insurance company whatever it may be your whole life getting paid and retiring has gone which is wh..."

"with AI um but soon if you think what you and I do is communicate with people in a to an audience one to many right that's a very old business model it's from town squares or the souk in maresh it's t..."

"time for people to adjust to that but within 10 years maybe that's not there but let me go a little bit further on this have you seen character Ai No nobody has character AI builds Bots which are char..."

"Uber drivers limo drivers yellow drivers delivery drivers truck drivers all gone and this Stacks up in pretty much everything you do uh and that's how disruptive it is and when the things that created..."

"question I asked you earlier which is how does it feel in the moment when a trend is coming in usually there was culture around it so if you remember I talked about when I got into Finance there was G..."

"build their worldview you'll hear that every single person is talking about this and trying to figure out what it means the issue is is AI will build businesses right so we're six months away of agent..."

"minutes what how how can we be entrepreneurs in software so now there's this Theory going around that AI is going to eat software and I kind of get it because it build anything in seconds so and again..."

"thing fantastic um how scalable is it difficult because then there's people management it's not like software right so they're not SC but you can do very well and not be concerned about this other wor..."

"you'll get some high quality returns but otherwise the only way I can come up with again and we keep referring to it is crypto what is crypto crypto is just a technology you know it's a lot of things ..."

"it's called I've got a suitcase here which is maybe maybe a good way to kind of explain this this is a bank and inside the bank which is I guess the middleman you got money yeah so could you explain i..."

"makes sense safe as safe as a bank as people would say the issue is is in this world of smoke and mirrors what's known as fractional Reserve banking they have taken those coins and given them to someb..."

"anything but I've got a piece of paper yeah mean [ __ ] you don't own anything now it's so big as a problem that 2000 so that was 2012 European crisis exactly this people didn't own their money that p..."

"good if the collateral the thing that it's secured on the coin maintains value okay or isn't pulled by one person if you were the lender and you're original lender and you get it out and something hap..."

"doesn't agree with all the others and it gets rejected and that whole block will get rejected until resolved like there's a a problem here and that's called consensus so what you're doing is a multi-p..."

"and putting other stuff on it the first random thing that came on it was actually art because it's valuable called nfts nonf fungible tokens there single pieces of art that were stored there and we ca..."

"knowledge was valuable lawyers because not that many people come out of law school that then now with AI not valuable so to make sure I I and everyone listening understands what what the blockchain is..."

"see and everybody can see and you don't need to trust anybody and so that as a technology solves many things problems that we don't even know we've got because they're so part of how we exist so the t..."

"the people who verify the chain get rewarded and then we can buy the asset which is actually us investing in the future use cases of this thing are people going to use it for storing wealth or buildin..."

"of your worth in it okay that is mind-blowing and it bypasses the banking system The Brokerage system and all the other incumbent things that get in the way of a Nigerian buying an International Inves..."

"people come to third web to build on the blockchain and one of the really interesting use cases we've seen over the last I'd say 12 months that's really exploded is is gaming people building uh web 3 ..."

"let's say 2032 2034 okay that's stupid that's that's more wealth than the than has ever been created in that period of time on Earth by but it's twice the amount of value of the S&P 500 the inar US St..."

"but simple stuff like that it's pretty straightforward for almost everybody in the world so therefore we talked about how do you invest in your disruption and the future of technology okay here's one ..."

"up a lot and then you'll start thinking do you remember Ral saying that the bank owns the stuff and I don't own it and then you might say oh but the magic here is unlike the bank where I can't take mo..."

"also you know there's a famous example of the conversation of gold in the United States and it's been done in many countries in the past the good thing about this magic internet money is you have to p..."

"blockchain that I thought would solve for most of the use cases outside of maybe um what they call a store of value outside of like money necessarily so contracts and other things what did you say thi..."

"and then switched all of my eth outside of my nfts where I collect a lot of art into salana and and I've now been switching part of my salana into Su sui and as a disclaimer I'm actually on the board ..."

"right will you capture the best returns no nor will I some other Rando will get by luck something right but the average person so I have this thesis that trying to help as many people with this is fro..."

"Leverage What what is leverage Leverage is when you borrow more money to buy more of the asset so I now borrow money to buy more ethereum because I want to outperform I want to make more money cuz I'm..."

"your one job is to not [ __ ] that up I have a have a bit of a theory and this theory is very naive and narrow and based on the smallest sample group in the world it is I have six friends um actually ..."

"yeah I think that's right and so you know this is all the conversation we've been having the secular Trend the opportunity the skill set then it's the execution of that thing then it's not to [ __ ] i..."

"the rest but if you are that genius who can find the Thousand X meme coin knock your socks off here's why I think that genius ends up because it's funny because the friend I'm describing he's around h..."

"is good is there are periods of time where where everybody in the casino makes money yeah right which is unlike knows because there's Trends in financial markets and now taking out it's paper returns ..."

"way so if you want to have fun people but the people who do it the most are the people who live off adrenaline yeah right it's the Adrenaline Junkies they're usually terminally online they probably li..."

"dopamine is a very very powerful drug and we search for it all day which is what the internet's all about behavioral economics this is what they discovered is you trigger dopamine and you can make all..."

"think there so there's kind of a disclaimer and kind of a warning here which needs to be heard well this is the don't [ __ ] this up thesis buy Bitcoin ethereum and salana one of those three preferabl..."

"money I'm like yeah that's fine okay I'm going to ask you for a price prediction no you you don't do price predictions not anymore and the reason being is because a lot of people listen to what I say ..."

"Journey get the hedge funds to take the risk and figure it out and do that but if people just do that give me 10 years just give me 10 years and if you do it 10 years and you're sensible you'll be abl..."

"we going to solve problems of digital Identity or contracts in a globalized world or any of these things with without this technology I I can't do it right it's like a magic technology the bantine Gen..."

"that risk the risk that governments were trying and shut it down even though they've tried and it's like a cockroach because it's distributed and it's everywhere yeah there's the r the risk the blockc..."

"it so you're telling me that if I'm earning an income right now I shouldn't hold these pieces of paper that the central bank my bank is giving me I shouldn't keep cash in my bank account everybody has..."

"in my own life something that's made a transformative transformative impact on my life and is frankly much of the reason why I quit drinking alcohol challenges like these aren't just about getting you..."

"trial today or sign up for a yearly subscription of just $9.99 head to goodnotes docomo so what's the debasement of currency really simply we talked about in a digital world everything goes to zero in..."

"coin and the country has less value so the money is less valuable it's called de basement the more of it that's around in an electronic age where you just press the button and you create money then wh..."

"everybody and then it all fell apart and so what they stopped doing was really corporations and households stop um borrowing as much money they in fact restricted money to us so in these Economic Time..."

"thinking about cultures accept in terms of oh well that's their culture and that's their culture as opposed to culture good culture bad friends you know all of these things these are the valuable thin..."

"average person I say this is like if you want to live on a beach you can either become a billionaire and live in some Barts or you can go to Latin America and live on the be for virtually nothing and ..."

"predicted it and got all that stuff right um and so what I found is I'd semi-retired and I was surrounded by people who weren't really stimulating intellectually stimulating I made some great friends ..."

"it'll give me the life style ratchet but also the intellectual ratchet that I wanted to prove to myself that I can do some of these things we have a closing tradition on this podcast where the last gu..."

"related the macro environment inflation all of these things the only Channel that I trust and that I go looking for and I really really mean this when I say it has always been yours because I think yo..."