4.8 • 670 Ratings
🗓️ 22 April 2020
⏱️ 3 minutes
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How simple rules eradicated an incurable disease in Africa, and how this can be related to good Investing behaviour.
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0:00.0 | I want to start in an unusual place, I think at first glance, Daniel, namely with guinea |
0:08.4 | worms, because in my view and having listened to the things you've done, it ties in perfectly |
0:15.2 | to our conversation today about kind of investing human behavior and what good investing behavior looks like. So I'm sure |
0:23.6 | you know where I'm going with this. So maybe you can take the lead on this one. I do. So this is a |
0:30.0 | story I started out my previous book, The Laws of Wealth with. And it's one that tends to stick |
0:35.9 | with people because it's a little bit stomach turning. |
0:38.5 | But there is a good point. |
0:40.2 | I didn't just include it to be gross. |
0:42.9 | So I'm from Atlanta, Georgia, and Atlanta is, of course, |
0:47.0 | home to Coca-Cola and UPS and a couple of other big businesses. |
0:50.7 | But one of the things that we're most proud of |
0:53.4 | is that Atlanta is the Center for |
0:55.3 | epidemiological research in the world. And so I relate the story of the Carter Center, which is the |
1:02.8 | philanthropic legacy of President Jimmy Carter. It's his philanthropic sort of arm. And what they did |
1:09.4 | was for the first time in human history they eradicated a disease |
1:13.6 | for which there is still no cure so it even it almost sounds nonsensical when you say it |
1:20.6 | you know they eradicated a disease that there's no cure for it has never happened before |
1:25.6 | there's no pill there's no potion that will get rid of guinea |
1:28.8 | worms, which at the time were impacting millions and millions of people in Africa and just totally |
1:36.1 | decimating economies. And basically what the Carter Center did was they trained young people, |
1:42.3 | they trained young students and teachers to go over to Africa, |
1:47.6 | to educate people around the two behaviors they needed to do. Basically, they needed to identify |
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