Investing: Talking To My Daughter About The Economy by Yanis Varoufakis

11/19/21 • 45 min

Talking To My Daughter About The Economy: A Brief istory of CapitalismBy Yanis VaroufakisIn this letter to his teenage daughter, one of the world's most famous economists uses vivid stories to explain what economics is and why it is so dangerous. What is money and why does debt exist? Where do wealth and inequality come from? How come economics has the power to shape and destroy our lives? Economics is not a technical science, it is an epic drama: a battleground of ideas, a war between the powerful for our allegiance. In this universally accessible book, Yanis Varoufakis describes how this drama first emerged and has since come to dominate the fate of human societies worldwide. In answering all of the big questions about money and debt, power and inequality, he shows how economics has sought to solve the problems of our world but ended up being a major cause of many of them. Drawing on history and literature, science fiction and personal memories, this intimate and inspiring book shines a light for readers of all ages on some of the most bewildering questions and important challenges that humanity faces.Key TakeawaysSurplus is what made Europeans conquer Australia, and not the other way around.Having a surplus meant noting down who gets how much of it and when (creating the need for money, writing, bureaucracy).Capitalism, shows Varoufakis, is the most efficient machine ever invented for generating this surplus, though with one fatal flaw: it is structurally prone to increasing inequality, which also makes it susceptible to periodic crises.Host rating for 'Talking To My Daughter About The Economy'NicoRating: 8/10SamRating: 9.5/10Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!

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Previous Episode

Investing: Introduction to Investing

Introduction to InvestingWe live in a capitalistic society, where everything revolves around adding value. Adding value can be anything: farmers, bakers, architects, artists, teachers, athletes. When you go to school, you are being trained to bring value to society. After you finish school and start working, you are being paid for creating value. In this episode, we will lay down the groundwork for the rest of the book that we will be reading in this season. We will also discuss why should everyone should take investing seriously or at least think about.Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!

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Investing: The Intelligent Investor by Benjamin Graham

The Intelligent InvestorBy Benjamin GrahamThe Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains. Key TakeawaysInvestment is not gambling or speculatingAn investment is going to protect the principal and provide an adequate return. Anything that does not meet these criteria is speculation. Margin of SafetyIn simple term, Graham's goal was to buy a dollars worth of assets for $0.50Defensive InvestorNot every investor has a lot of time to analyze the stock and invest. Graham said that the majority of people should be a defensive investor. He said, aim for an investment portfolio of 50-50 split between stocks and bonds, and rebalance every year base on the changes.Enterprising InvestorThis kind of investor has a lot of time to spend looking at the market. As enterprising investor, you can choose the correct stocks and bonds to invest in.Host rating for 'The Intelligent Investor'NicoRating: 6/10SamRating: 5/10Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!

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