142 - Value is created in the mind with Rory Sutherland

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 8 June 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why gold may have started with prostitution, why wine makers take the mickey, why economists only see half the picture and what Naomi Osaka tell us about decision-making and why the so-called hard sciences are actually easy and the soft one, hard. We’ve always opened the podcast by saying that you need to understand human nature to understand the economy, so today instead of interrogating a specific topic, we look at value & value creation - because economics has to be more open to marketing & psychology to see the big picture and be materially better at creating a better future.

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Transcript

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0:00.0	If you want this podcast free of ads, follow us now on patreon.com forward slash David Mac Williams.
0:09.3	How did the dog sneak out? When did that parcel vanish? Who was outside last night? Arlo doesn't miss a thing.
0:19.5	From 4K cameras to powerful AI detection, Arlo makes a miss a thing. From 4K cameras to powerful AI detection,
0:23.2	Arlo makes a watched over space a safer space.
0:27.3	Arlo, 10 years of innovation in one powerful security system.
0:35.5	Find out more and get conditions at arlo.com.
0:43.4	What in the world is happening on Wall Street?
0:45.7	Economic indicators.
0:47.3	Who knows where this is going to end up?
0:49.2	To understand the economy, you have to understand human nature.
0:55.5	This podcast is powered by ACAST.
1:01.5	How you doing there? It is podcast time.
1:05.4	John is telling me here how he was never really good with girls.
1:07.5	Jesus Christ, Macger.
1:09.6	We were having a shot.
1:13.5	How you doing it?
1:15.9	I'm all right.
1:17.0	I'm all right.
1:17.5	What's rocking your world?
1:18.5	My old mate.
1:21.6	Dival a bit.
1:22.1	Now, come here, listen.
	...

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