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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

RWH031: Abundance w/ Michael Berg

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.63.6K Ratings

🗓️ 20 August 2023

⏱️ 112 minutes

🧾️ Download transcript

Summary

In this episode, William Green speaks with Michael Berg, a great scholar & author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, & happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money & time builds a greater sense of abundance; how to support your kids without sapping their desire to succeed; why deferred gratification is a superpower in business & life; how to handle challenges & adversity; & why the real key to happiness is appreciation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 17:01 - Why Michael Berg sees no conflict between a spiritual life & material success. 20:17 - How our own actions open or close the “channels of abundance.” 22:38 - Why Sir John Templeton called tithing “the single best investment.” 32:44 - Why Charlie Munger reveres Maimonides, a 12th-century sage & doctor. 39:39 - How to extract more pleasure from whatever wealth we have.  48:37 - Why it’s helpful to recognize that we don’t truly own anything. 55:29 - How appreciation helps Howard Marks to stay humble & be happy. 59:00 - Why many rich people are surprisingly unhappy. 1:15:51 - How to build joyful abundance by sharing your time & money. 1:23:15 - How to help your kids without disempowering them. 1:26:14 - Why delayed gratification is essential in business, investing, & life. 1:35:45 - How Michael handles challenges & reframes adversity. 1:41:38 - Why his father, Rav Berg, taught that “consciousness is everything.” Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The Zohar translated by Michael Berg in 23 volumes Secrets of the Zohar & Becoming Like God by Michael Berg And You Shall Choose Life by Rav Yehuda Ashlag The Thought of Creation by Rav Yehuda Ashlag Nano: Technology of Mind Over Matter by Rav Berg The Kabbalah Centre website Spiritually Hungry podcast with Michael & Monica Berg William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book William Green’s Twitter SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

Hi there, I'm really excited to introduce today's guest, Michael Berg.

0:07.6

Michael is a brilliant scholar, writer and teacher who's thought very deeply about the

0:12.3

question of the heart of this podcast and also at the heart of my book.

0:16.3

Namely, how can you and I build lives that are truly richer, wiser and happier?

0:21.7

Michael comes at this question from an unusual angle that may not be particularly familiar

0:25.9

to you.

0:26.9

He teaches an ancient form of spiritual wisdom called Kabbalah, which goes back literally

0:32.6

thousands of years.

0:34.5

Until the last few decades, this was a secret wisdom.

0:38.0

Historically, it was so concealed that you weren't even allowed to study it unless you were

0:42.7

basically an exceptionally learned and pious man over the age of 40.

0:47.4

You also had to understand Hebrew and Aramaic so that you could read the most important

0:51.9

Kabbalistic books, including a monumental and incredibly profound book called The Zohar.

0:59.2

Michael grew up in a family that was totally immersed in this ancient wisdom, and he's

1:04.0

deeply committed to making it accessible to anyone it might help, regardless of that background.

1:10.1

When he was only 18 years old, he started translating the Zohar from Aramaic into English,

1:16.0

ultimately producing a 23 volume edition that took a decade to complete.

1:22.1

But what makes Michael extraordinary is that he's able to take this fairly esoteric knowledge

1:27.9

and make it extremely practical and applicable to our own day-to-day lives.

1:33.8

In this conversation, he talks about very pragmatic subjects like how you and I can extract

1:39.4

more pleasure from whatever else we have, whether we have a lot of money or not that much.

1:44.8

He talks about why so many rich people are surprisingly unsatisfied and unhappy.

...

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