The following are some articles, podcasts, books etc that I’ve recently found interesting. This page shall be dynamically updated with the most recent recommendations stacked up at the top.
Fascinated about Crypto / NFTs? Then you might have also heard of Crypto’s carbon footprint. Else you should check out this site.
ARTICLE: The curious appeal of Birkenstocks
A wearer of Birkenstocks is saying, “I’m more concerned about comfort than looking good” — but isn’t showing off about not showing off. They are sincere to just the right degree. A little bit of ugliness turns out to go a long way.
The question to ask about Birkenstocks, then, is not whether they look good, but why they are one of the emblematic objects of our era. What to make of our obsession with projecting indifference to what others think? Why is the image of comfort — comfort as something others see us enjoying — so important to us?Source: Financial Times
It’s signature Chamath as always, which means it makes for a very thought provoking listen. But the concept that stuck with me is his insight around the distinction between labour and capital that he speaks about. Quoting from the podcast..
So if I were to break down the simple key insight, which is going to sound very superficial to somebody that’s financially savvy like you, is that it took me a long time to understand the difference between labor and capital. If I talked to my friends and I’ve been lucky enough now to meet a lot of famous people’s, if you will, athletes, entertainers, especially minorities like me, the single biggest thing is that we confuse being labor and capital all the time. If you’re getting paid $2 or $3 million a year, you think you’ve made it, you haven’t made it. There’s somebody above you that’s making 20 or $200 million a year. Their capital we’re labor, when I made a lot of money at a bank, or when I was an employee at Facebook, I was well-compensated, labor.
The biggest transition is one of philosophy, which is for us to understand that that dichotomy exists. And then to ask the question, how does a person who makes their money as labor also start to make money in the form of capital as an owner. And that’s a mental shift. It’s this idea of understanding that you can own a piece of a great business, even if you own one share to not look down disparagingly at yourself because of that. It’s to understand that if you’re an owner, it’s that Buffett quote, it’s not timing the market. It’s time in market. That’s what owners do. They own pieces of things forever.
And I think that it’s an enormous misunderstanding of the poor. It’s an enormous misunderstanding amongst minorities. And I think that the money class, the biggest edge that they have is that very, very simple understanding about the difference between labor and capital. I think the key to peace and prosperity today, as I see the problems is to close the inequality gap and to close the inequality gap is to show people everyday normal people, how they can earn and save and invest and be a part of capital, not just be a part of labor.
WEBSITE/PORTAL: (THIS IS RELATED TO THE ABOVE RECOMMENDATION) COLOSSUS
I admire (and am always inspired by) Patrick’s work on ‘Invest like the best’. It has been one of my most favourite podcasts for a while. And I still can’t believe that this is all available for anyone free of cost! Colossus – his new project, takes his initiative to a whole new level. It makes every single podcast episode indexed and searchable. Read more about the project here.
Have a recommendation around books, podcasts, blogs, articles, art, music, films etc for me or the larger community of BRANDEDNOISE readers? Please use the form below. If it resonates, I shall post it above and attribute the recommendation to you.
Thanks in advance!