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

TIP 058 : Coined - The Essence of Money and How It Works with Kabir Sehgal (Business Podcast)

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

Stig Brodersen

Business, Education, Investing

4.63.6K Ratings

🗓️ 2 November 2015

⏱️ 42 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: How the Roman empire collapsed because of increased money supply. How digital currencies might change our lives in the future. Why we are using paper money today and not currency backed by silver and silk. Why inviting someone to eat with you in ancient times was like a futures derivatives contract. Ask the Investors: How do you calculate the intrinsic value of a stock, and which discount to the value should you look for? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Kabir Sehgal’s book, Coined – Read reviews of this book. Kabir’s Website, CoinedBook.com. Benjamin Graham’s book, Security Analysis – Read reviews of this book. Daniel Kahneman’s book, Thinking Fast and Slow – Read reviews of this book. Haim Ofek’s Book, Second Nature – Read reviews of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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 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 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. 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Transcript

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0:00.0

We study billionaires and this is episode 58 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. Don't test the waters. Tell you what it's called.

0:19.0

They'll give you actionable investing strategies.

0:23.0

Your host Preston Pish and St. Broderson.

0:29.0

Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast.

0:34.0

As usual, I'm accompanied by my co-host St. Broderson, out in Denmark.

0:39.0

This is really going to be a fun episode because we're talking about the book Coined.

0:44.0

This book was written by Kabir Segal. We have Kabir on the show with us today.

0:49.0

Before I talk with Kabir and introduce him officially, I want to give the audience a couple quotes from the book Coined,

0:56.0

which we're going to be talking about today. So the first quote that I'm going to read here.

1:00.0

This one says, the best things in life are free, but ever since civilization began, money has had a profound impact on humanity.

1:07.0

Kabir's book brings the story of currency to life and it is worth spending a few of your hard-earned coins on it.

1:13.0

And that endorsement and that quote comes from the billionaire Sir Richard Branson from Virgin.

1:19.0

I've got another quote for you. An exceptional examination of the history of money.

1:24.0

The Kabir is written in engaging narrative that spans thousands of years and introduces readers to important people who have impacted the Chronicle of currency.

1:31.0

That's by the former president Jimmy Carter.

1:34.0

Okay, so one last quote and then we'll get to the interview here.

1:38.0

And I'm sure I'm embarrassing Kabir, but here's the last quote.

1:42.0

It says, Coined doesn't resemble any of the usual textbooks on money.

1:47.0

For one thing, it's actually fun to read and Kabir will stimulate your thinking about our financial crisis and banking.

1:53.0

And that was by the former Fed Reserve chairman Paul Walker, who was obviously one of the most famous Fed chairmen of all time.

...

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