Видео

Thanks for a valuable conversation, Hunter! As you say, I've been a practitioner of change, leadership, and strategy for 20+ years, on the lookout for first principles in those areas. What I've found and written about in the books is practical advice for sustainable success in turbulent times, equally applicable today as it was 2,000 - 3,000 years ago-since people survived and thrived during hundreds of years of continental wars, large-scale pandemics, and social, political, and economic revolutions.

Don't manage me bro 😂

What I got from this podcast, which is something I picked up from other episodes too, is that you can create a great business by utilizing woke marketing, if he simply had a venture capital there would be no differentiation and the business environment would be very competitive, he would also have issues getting investors and the like, but if he markets himself as a woke venture capital fund that invests in blacks only in order to help the community and uses a bunch of progressive talking points then that allows him to get government money, philanthropist money(both of those are not seeking to make a profit so it's free money) and they also get investments from big companies that invest in them for marketing reasons, so what I get from this is that being progressive is a good marketing strategy to differentiate your business in a competitive environment where you otherwise wouldn't be able to get in nearly a successfully.

This is great. Hope Kramer can sync up with some ai folks like ai unchained, Guy Swann

🎉

On Wed, Jul 10, 2024 at 11:37 AM <fbu.manila@ssa.gov> wrote: Good morning, Upon checking based on the date you have provided; you do not qualify to file for Disability benefits. You must have had at least 5 years of contributions within 10 years from the date of your disability.

It's interesting how Hunter has comparable ideas in marketing to Harry Brown's 'The Secret To Selling Anything,' which is basically a 1-2 presentation on an Austrian theory of sales and applied practice. The Austrian literature on finance is slim, but Heresy Financial does great work and promotes the theory. I would love to see their ideas more widely publicized and someday to be taught in business schools.

The format is good, and very good for producer brainstorming. The completion on production quality is brutal though... Alex Hormonzi and the other gurus have done pretty well with similar, less refined ideas

⚡️🔑💎🙌⚡️

Around 27:40 Regarding inflation, inflation is not good if you are not one of the people being benefited by it (which is almost no one), your mortgage doesn't go down if it gets adjusted by inflation (which it does, you don't keep the same rate for 30 years), and your paycheck might not be adjusted by inflation in sufficient amounts or at all (which is the case for the vast majority of people), inflation benefits the people who get the money first from the central bank first and inflation also benefits debtors, deflation is good for people who have little or no debt and it's terrible for people who have a lot of debt, and because the state is the biggest debtor of all inflation benefits the state because it reduces it's debts, and inflation also benefits the state because it can create money and buy financial assets through open market operations, normal people are not benefited by this, but the state is and so are corporations that get the money from open market operations. Also if deflation was a problem you would have seen this being mentioned through history(you don't have to go back to the 17th century as he said, it can be as close as when there were no central banks printing FIAT money) yet you never see anyone mention the problems of deflation, in the past it's also not mentioned how great it would be for the state to have the monopoly of currency so they can print colored papers with nothing to back them up, lastly if inflation was good you would think that more inflation is better, this is obviously not the case and it's in fact the opposite. He also mistakes prices for inflation, a price increase in a good is not inflation, inflation is the loss of value of a currency, if the price of tomatoes increases due to higher demand then that is not inflation since with a fixed amount of money the money will be spent in tomatoes instead of in other product, the lesser demand in that other product will force the price to go down, inflation has no occurred in this case, if Netflix decides to increase the price of their subscription that is not inflation for the same reason, people will spend more money in Netflix and less money in something else if you had a higher price and the same demand. Deflation is not a negative force and inflation is not created with the good intentions of saving us from this "negative force", if you gave me the power over my country's currency I can do all of the things that he claims are good: I can acquire debt with bonds for my own benefit, I could reduce it by creating inflation so I end up paying less, I could obtain financial assets through open market operations to get richer and I could benefit financially those who are politically connected and will get the money I create first through these operations, yet if this was done by an individual in the private sector I highly doubt that it would be seen as a good thing even if all the effects are the same lol. And all of these things I said don't even take into account how central banks create boom and bust cycles lol, or how inflation impacts poor people more, or how inflation reduces the incentives to save, or how the central banks absorbs resources that would be going to the private sector lol, I'm sure there is more things I'm missing.

🎉proof 🎉of 🎉work🎉

I don't like all the war analogies and battle analogies that he is using, business is not a war nor is it a battle against an opponent, talking about how you need to change faster than what your competition can comprehend is a worthless advice since an organization has an incredibly large amount of competitors in this globalized economy and your competition is not looking at what you are doing unless you are one of the biggest companies in the world, even if you have a company with 200 employees this still doesn't apply, let's say that you have a company that provides electrical maintenance and installation services for a big electrical company in a B2B setting and that your company is the one interacting with the clients, how does this battle analogies of changing faster than what the competition can figure out apply? No one is deeply looking at what your organization is doing, your competition might spare you a glance at most, the process of continuous improvement for your competition is internal, it's done by looking within and figuring out what is being done wrong in the organization, it's not done by looking at one of the thousands of companies that do the same as yours out there and how they do things, besides that information is not even available unless they put it out there or you use other means to get it. Compare this to a battle, in a battle you have a very specific enemy that you need to defeat in front of you and what you do depends on what they do, this is not applicable to business for the reasons explained earlier, the idea that a competing B2B company will start to fight among themselves because they can't win the battle against you because you are changing faster that what they can comprehend is ridiculous, this might happen in a battle where you are being shot and soldiers are panicking because the enemy is destroying them and they don't know what to do(I saw this in a video where ISIS soldiers were panicking because they were attacking a position and things were going wrong), in business this is not gonna happen lol, your competition is not gonna think "oh my God! The competing B2B electrical services company started to apply principles of LEAN!!" and then proceed to fight with each other rather than cooperating. Using examples of "When they think we will cross a bridge we actually won't" is worthless, no one is looking at what you do, this sounds like empty business talk advice, I also disagree with his concept of vision, a vision is an abstract idea that tells us what the company seeks to achieve, for example in this podcast case it's to provide business advice using the Austrian method rather than the typical business school method, the person being interviewed compared the vision of the organization to the objective soldiers have to achieve on a mission, this is not vision, this is much more specific, a specific objective and acting in tandem with co-workers to achieve this objective is not vision. This is my favorite business podcast and I think that it's criminally underrated, but these types of guests are the ones that make me not take notes in my word document and instead type the number of the episode followed by "nothing of value":

drtc

🎉🎉🎉

This fellow has not ever studied Marx, though his American peers would have learned it in university. Not a great thing to have a few monopolies, no mention of the obvious points raised by the 60% he says rejects his heroes and fandom for monopoly capitalism.

Congrats on the book-!🎉🎉🎉

⚡️

Fascinating topics, especially the educational aspect. That so much education is still distributed via teachers in classrooms with the necessarily wide variation in teaching ability, and therefore results, is simply remarkable. Even when Covid forced so many to study remote, instead of pushing the students to very high quality online instruction, public school systems each tried to implement their own versions. Remarkably bad. I subscribed to your channel and I will watch your earlier episodes. I have been following Kartik for some time and I am glad you brought him on your show. Please keep at it. RUclips is a marathon, not a sprint.

*Promosm*

Decentralize the Value by fighting central planners FIAT with BTC

Ai unchained is a great source too

💯

Proof of Value-🎉

Found ya-! 🎉🎉🎉

Exactly, since value is in the mind of the consumer we need to figure out why they want what they want (not necessarily by asking them directly because they will give us a rational answer rather than the real reason) so that way we can have a good value proposition for them, I remember in one of the first episodes of the podcast where the guest talked about how Starbucks created value by serving coffee in a cool, hip environment that appeals to young people and it's a place were you can bring your laptop and either study or work, it's not about satisfying a need for coffee which is why people are not interested in doing the same drinking a coffee in McDonalds, knowing our clients, their values and how they live is very important and so is getting feedback from them.

Loving the book.TY James!

Value: A measure of subjective utility to being. Thanks Hunter, I always enjoys this content, cantwait to see where it goes.