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Rule Breaker Investing

Conscious Politics with Matthew Dowd

Rule Breaker Investing

The Motley Fool

Business, Investing, Invest, Rulebreaker, Stocks, Company, Growth, Stockmarket, Fool, Foolish

4.5928 Ratings

🗓️ 20 October 2021

⏱️ 74 minutes

🧾️ Download transcript

Summary

On this show, we love to talk about Conscious Capitalism. We generally avoid talking about politics. But what happens when those worlds collide? When campaign strategist Matthew Dowd was introduced to Conscious Capitalism, he wrote about how much better our world would be if politics took a similar approach. Now that’s worth talking about!

Transcript

Click on a timestamp to play from that location

0:00.0

Politics is not an area we spend much time on for rule breaker investing.

0:04.6

Oh, I've done an election special here or there.

0:07.0

I've talked about Dickens' blues and buffs.

0:10.2

You know, the comic scene from his novel, The Pickwickwick Papers in which a small English town is completely divided in the worst way between two political parties who won't speak to each other.

0:21.0

Well, I'm glad for Dickens's satire and who can miss the parallels

0:24.7

between then and now. I've always loved business. Conscious capitalism is what I'm

0:30.3

talking about, really for two reasons first all parties win there's no

0:35.3

play for power where someone wins and by design the other zero-sum

0:40.6

loses nope the buyer and the seller in business transactions both participate

0:46.1

willingly and when done properly, both win.

0:50.9

You bought my house.

0:52.2

You loved my house. It's now your house. Meantime you paid me money. I can move by a new house. We both win and that's number one why I love business. The second reason is that in bringing us together as opposed to

1:06.8

dividing us apart, business creates real value, and it's of course business that rightly can take credit for so much of human progress

1:14.9

particularly over the last three centuries. Well my guest this week having been bitten

1:20.2

by the Conscious Capitalism Bug a few years back,

1:23.0

took the framework and principles and asked,

1:25.7

what if politics were done consciously?

1:28.7

What would conscious campaigning look like?

1:32.2

Well, with a career strategizing in politics himself, Matthew

1:35.2

Dowd wrote an article a couple of years ago presenting 10 points that were

1:39.6

they adopted would transform politics today in the same way that business is being

1:45.6

transformed by conscious capitalism and I loved it and I wanted to have them on

...

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