MI151: Small Business Goes On A Bitcoin Standard w/ Kevin McGarvey
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 17 March 2022
⏱️ 53 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.9 | It's hard to grow 10, 15, 20%. |
| 0:05.6 | And if you do, you should be rewarded for that. |
| 0:08.5 | That should be a great thing. |
| 0:10.2 | But that's not happening today because you're in your rowboat |
| 0:12.8 | and you're rowing as hard as you can to go 10, 15, 20 miles an hour. |
| 0:17.7 | But you have a 25, 30 mile per hour monetary wind blowing in your face. |
| 0:26.7 | On today's episode, I'm joined by Kevin McGarvey. Kevin is the co-owner and president of All-Out |
| 0:33.5 | parking lots, which is a small business that provides paving and concrete services for commercial |
| 0:38.3 | lots. Kevin and his partner recently put Bitcoin on their company's balance sheet, |
| 0:42.7 | and he is passionate about helping spread the message to other businesses that want to protect |
| 0:47.5 | themselves against currency debasement. During the episode, I chat with Kevin about what led him |
| 0:52.7 | and his partner to putting their small |
| 0:54.4 | business on a Bitcoin standard. Why Kevin believes that this move is a necessity for small businesses |
| 1:00.0 | to thrive. Kevin's thoughts on the regulatory landscape for Bitcoin, how Kevin stores the |
| 1:05.8 | Bitcoin on his company's balance sheet, the unique way he decided to reward his employees and attract new talent, |
| 1:12.4 | and much more. Before we dive into the episode, I wanted to hit on a couple housekeeping items. |
| 1:18.9 | I wanted to mention that Robert Leonard and I, as well as Trey Lockerby, the host of We Study |
| 1:23.4 | Billionaires, will be attending the Berkshire Hathaway shareholder meeting on April 30th. |
| 1:29.4 | This event is in Omaha, and for those who aren't familiar, all you need to do to attend a meeting |
| 1:34.4 | is to be an owner of at least one Berkshire B share, which today is trading around $325. |
| 1:41.5 | Also, each shareholder is entitled to a maximum of four meeting credentials. |
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