Interest Rates, Inflation, and How AI Technology is Disrupting the Economy | Vinny Lingham E59

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 22 June 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Rich is joined by Vinny Lingham – tech investor, serial entrepreneur, and groundbreaker in the AI space. Vinny was born and raised in South Africa, studied at the University of Cape Town, and in 2003 started a business in his bedroom that quickly became one of the leading technology companies in South Africa. He moved to California in 2008, and has been grinding and building different companies ever since. Rich and Vinny discuss the key to success for those wanting to star...

Transcript

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0:00.0	investing in companies that are crappy that don't produce returns.
0:03.2	If your money is not put to productive use, inflation is going to eat your wealth away.
0:07.2	And that's how it should be.
0:08.8	Okay?
0:09.8	It should be that inflation, you have to beat inflation as an investor. You have to. There's no way around it.
0:15.0	Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building, all while keeping it real.
0:21.0	No fluff, no BS. I hope that you enjoy the show.
0:29.7	All right guys, welcome to another episode of the report.
0:32.9	Today we are back in the studio here in downtown San Diego,
0:36.4	and we got a little sunshine today
0:38.5	after a very wet and dark winter for San Diego standards, but I got a very special guest today.
0:44.8	He is a tech investor and he is going all in recently on the AI Space.
0:50.4	He is the CEO of Weight Room.
0:52.2	I got my man, Vinny Lingham.
0:54.7	Vinnie, welcome to the show.
0:55.8	Hey Rich, good to be here.
0:56.6	Thank you.
0:57.6	Yeah, I appreciate you coming by, man.
0:58.6	I know our guy Jeff introduced us.
1:02.2	Jeff is
1:02.9	local here, him and his brother throw out some really badass art pieces here in San Diego. They do. And all over the world really. But they got a studio here in San Diego. They're recently out on our yacht meetup, but great guys. We actually got a piece. They brought a piece here that I got hung up in the office of Litt Italy. Very, very nice. But anyway, so I'm glad they connected us and I'm glad you're on the show man. before we jump into it want to give us a quick
1:23.8	little background of what you do in the the entrepreneur space.
	...

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