Uncommon | Learn From Unique Individuals, The Ultimate Way To Improve Yourself show

Uncommon | Learn From Unique Individuals, The Ultimate Way To Improve Yourself

Summary: The Uncommon podcast is designed to build your knowledge, skills, processes, tools and mindset, which will ultimately make both you and I, better individuals, professionals, business owners or investors. We do this by interviewing unique individuals that have included; Venture Capitalists, Bodybuilders, Hedge Fund Managers, Political Activists, Comedians, Tech Founders, Chefs, Rappers, and Restaurateurs to name just a few. Our style is conversational, 1on1, and can go from 45 minutes to 2 hours long. I’m inspired by the likes of Tim Ferriss, Joe Rogan, Charlie Rose, Oprah Winfrey & Charlie Munger. In particular, Charlie Munger inspired me to create this podcast and help you build your wordly wisdom. Learn more about our guests at: neuralle.com/podcast. Intro Song: Birds Away by SFT

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  • Artist: Neuralle Co-Founders, Jordan Michaelides & Lauren Lopatko
  • Copyright: © 2018 Neuralle

Podcasts:

 #043: Criminology: its not just Law & Order - Dr James Martin | File Type: audio/mpeg | Duration: 49:21

For show notes and links: neuralle.com/podcast  Dr James Martin ( @jamomartin ) is a Senior Lecturer and Criminology Program Coordinator at the Department of Security Studies and Criminology at Macquarie University. He has specific expertise in cryptomarkets, online drug distribution, organised crime and vigilantism. James (like our previous guest Dr Stephen Bright ) has an exceptional ability to highlight the intricacies and misconceptions of the way in which the general public views illicit drugs, challenging what you believe of the government narrative. His leadership in research on a new and burgeoning field of criminology - Cryptomarkets - is underlined by the fact that his work was referenced in the court case of Silk Road’s accused mastermind. Cryptomarkets have had immense success with decentralised protocols like Bitcoin’s Blockchain and the anonymous browser Tor, which emphasise a key geo-socio-political theme we see happening across the entire world - decentralisation. This episode will challenge your perception on drug culture, trade and enforcement - hopefully enlightening you along the way. James finds himself continuously reminding people that Criminology is just not as glamorous as TV portrays it - we’re looking at you, Law Order! In this episode we delve into: The catalyst of what got James into criminology What being a criminologist is like Illicit drugs, criminalisation harm reduction The dark web darknet Cryptomarkets Silk Road What cryptomarkets can teach us How drug prohibition doesn’t work Online drug branding: “Fair trade cocaine” Advice to those interested in pursuing criminology Enjoy the episode, Jordan Lauren

 #042: Looking to the sky with VC Elaine Stead | File Type: audio/mpeg | Duration: 01:11:37

For show notes and links: neuralle.com/podcast  Elaine Stead ( @elainestead ) is a Venture Capitalist, and is the Head of Blue Sky’s VC division. Elaine is not your traditional VC (the Patagonia vest wearing kind), but an embodiment of the new generation of young VC’s entering the game - former entrepreneurs with a nous and passion for technology and teams. You’ll discover that Elaine is unique in her understanding of the “game” that is venture capitalism, and has built an offering at Blue Sky that provides Australian entrepreneurs with rare access to Asia and the Americas. She is open and incredibly sharp with her wit (trust me, you should follow her on Twitter for the travel tales). But Elaine also displays incredible awareness and emotional intelligence - only attributes that could be fostered by her unique upbringing and career. You’ve probably heard Elaine articulate gems about what it takes to build a companies in many interviews now, So I hope that we’ve been able to capture a snapshot of her united theory of entrepreneurship for you. Key topics covered: The most ridiculous travelling situation she’s experienced Lessons learnt from her parents, multiculturalism and growing up Key principles that guide Elaine’s life Using radical transparency Dealing with dark periods The 10 year rule for entrepreneurs Introducing the next gen of VC’s Is Australia late to the party? What is the defining feature of a startup’s success? Enjoy the episode, Jordan Lauren

 #041: Making hay with short stays - Seb Lindner | File Type: audio/mpeg | Duration: 01:50:49

For show notes and links: neuralle.com/podcast    Seb Lindner ( @buckleupapp ) is an entrepreneur who’s built an incredible lifestyle off the back of Airbnb - with some indirect guidance from lifestyle entrepreneurs such as Tim Ferriss. Originally starting out with Short Stays Victoria, Seb has since branched out into multiple projects including urban agriculture, and most recently, his ride sharing app, Buckle Up. You’ve no doubt heard people like Gary Vaynerchuk highlight how high-tech, massively funded, cash- guzzling startups are the trend, and that at some point this ‘glamour’ of entrepreneurship is going to come crashing down. This obsession almost makes it impossible for the everyman to consider starting a modern, yet agile, small business. Coincidentally, Jack Delosa recently highlighted that the greatest reason for entrepreneurs joining The Entourage was not because they wanted to earn a million dollars, but because they wanted to define their lifestyle and do something that had meaning to them. What I like about Seb is that he bucks this glamour trend. By building such a simple business first, he learnt what mattered to people and the product, then removed himself entirely from the day-to-day process. By doing that, he’s demonstrated to you and I, that you can create space through modern small businesses. Space that is so crucial to working on the business, developing yourself as an individual (through, say, meditation retreats), or simply attempting challenging new projects (like Buckle Up). This interview, along with one of our previous episodes with Nathan Chan, gives me immense confidence that businesses like ours and yours can reach the goals we want, so long as we don’t overcomplicate what can be necessarily simple. Doing that can open up your life to an opportunity that you never thought possible. Key topics we covered with Seb were: Seb’s earliest memory of entrepreneurship On being a fan of Tim Ferriss Resources books that have shaped his view Discussing Steve Jobs Technology and the future Seb’s interest involvement in urban ag The aftermath of a silent meditation retreat Long distance ride sharing: Buckle Up App Making money through Airbnb Short Stays Victoria Enjoy the episode, Jordan Lauren

 #040: Josh Wade: Sometimes you have to do things, that you don’t want to do | File Type: audio/mpeg | Duration: 01:12:17

For show notes and links: neuralle.com/podcast   Josh Wade ( @joshwadecomedy ) is a comedian, entertainer, podcast host, and budding documentarian. Josh has built a career around brilliant comedy that was forged in the pits of YouTube through sheer necessity and the creation of the realistic character, “Cunny”. Josh is as real as they get. They often say that art must reflect your life, and he has certainly experienced it through dark periods that you and I may never have to experience. His acceptance and openness of these hardships shows a man that can dig deep into just about any topic, and tell the story behind it. You’ll learn through his stand-up, docos and podcast that he has a thirst and drive to understand the intricacies around your world, helping people understand it further in the process. This was an amazing opportunity to interview a young man that’s achieved a lot in a small period of time, and I hope you enjoy it as much as I did. Topics we covered included; The Janoskians fandom culture How the character ‘Cunny’ came about Noticing the knack for comedy Advice to those dealing with dark periods Experiences with anxiety panic attacks How he views himself Being not just an entertainer, but a brand The idea of broadening into larger media The podcast, and his political viewpoint Enjoy the episode, Jordan Lauren

 #039: Philip Dalidakis MP: Working hard is a public service | File Type: audio/mpeg | Duration: 42:13

For show notes and links: neuralle.com/podcast  Philip Dalidakis MP ( @philipdalidakis ) is the Victorian Minister for Trade Investment, Innovation the Digital Economy, and Small Business. In addition, he is also MP for the Southern Metro area. Phil is a unique individual, a life-long St Kilda supporter (something I wouldn’t wish upon my worst enemies) and a politician who genuinely cares for building the infrastructure that will allow Victorian businesses to succeed, while setting up a future that his children can be proud of. I believe it’s incredibly important that we engage and understand the leaders of our community. For the Startup Innovation sector across Australia, this will be a useful conversation for considering the goals of Phil and his team in the community. I hope that this interview will showcase that politicians are just ordinary people, tasked with a never-ending list of priorities, a mob of people looking to get something out of of them, all the while trying to navigate our future. Key topics of conversation included: St Kilda FC Jewish history What he’s learnt from his family Why Philip got into politics Victoria as a startup hub About LaunchVic How Israel invests Enjoy the episode, Jordan Lauren

 #038: Jordan Shanks (Friendlyjordies): Articulating through comedy is a craft | File Type: audio/mpeg | Duration: 01:37:44

For show notes and links: neuralle.com/podcast  Jordan Shanks aka Friendlyjordies ( @friendlyjordies ) is a comedian, radio host, YouTuber and creator. You have no doubt seen the extent of comedians that we’ve hosted on this podcast including Neel Kolhatkar, Titus O’Reilly, Tom Ballard and now Jordan. I strongly believe that in this moment in time, comedians play an indispensable role in keeping both the media and public discourse in check. In this new digital media world, there’s so much content being distributed that I think the real value in future will come from people we trust. This group of comedians, including Jordan should form your “Counsel of Bullshit Detectors”. While everyone is paranoid about skin colour, social justice and being excruciatingly politically correct - these people are keeping it real about legitimate topics and challenging the current process of blindly following group-think. It’s important then that both you and I are able to get a mix of comedians that have certain political biases. Jordan is unabashedly biased about his political leanings to the left, and he will challenge any conservative with sound rationalism across many topics. I have personally loved Jordan’s Friendlyjordies channel since YouTube existed in my life, and I find his work hilarious. It doesn’t surprise me that with such intelligent “infotainment” that Jordan has brought further sides to his creative work; in particular radio hosting, and life advice. His life advice channel has been incredibly refreshing and a real contrast to many comedians, showing that he’s always focused on being better. Intelligent and truthful comedians are important to your future, and Jordan will be a crucial piece of that to your “Bullshit counsel”. I hope this conversation convinces you as to why. Key topics we covered include: Jordan’s modelling past Being obsessed with Japan Realising he was funny for the first time Influences, and the perfect comedian Defining his style Respecting the 'old dogs' of AM radio Radio vs podcasts, and new media Creative process for Friendlyjordies Politics and frustrations How he formed his political bias His interest in Self Help What he wants to achieve via comedy If he had to mentor 5 Class Clowns entrants Enjoy the episode, Jordan Lauren

 #037: Getting personal with finance - Adrian Stone | File Type: audio/mpeg | Duration: 01:41:31

For show notes and links: neuralle.com/podcast  Adrian Stone ( @SmallTimeVC ) is your favourite small-time VC, and a self-confessed personal finance geek. Adrian has started and sold a multi-million dollar insurance technology business, seeded numerous startups and founders in Melbourne, all the while building a comfortable real estate portfolio. I’ve been wanting to cover the area of personal finance for a long time now, and being that Adrian is an expert on the topic (with intentions of writing a book), I thought it made sense to rope him into speaking to you again. Everyone claims to understand personal wealth and finance, but Adrian makes a valid point in that unless you’ve had some form of financial success in your life, you really shouldn’t be writing about it. So why is personal finance important? If you think about it, personal finance allows you to work back and ask - why am I doing what I’m doing with my life? By articulating why you’ve chosen your profession - the business you’ve started or lifestyle you’ve created - you’re able to clearly delineate how you want to spend the time you have in this precious life and how you will fund it. At the end of the day, we need cash to live. Warren Buffett has always said that “money doesn’t know where it comes from...it all spends the same”. Whether you run a brick business or a technology startup, knowing how much is coming to you and when is important for outlining and defining the lifestyle you want. This episode is then a nice primer for future episodes covering all the key topics across debt, budgeting and finance. Talking points included: Polish Jewish history the holocaust Australia, immigration multiculturalism His new project: Glide luggage Personal finance: thoughts advice Buying your first property Personal finance goals Debt and borrowing money Mistakes and decisions most people make Guides and where to learn Personal finance: what he would change? Enjoy the episode, Jordan Lauren

 #036: Tom Ballard: Why political debate needs more comedians | File Type: audio/mpeg | Duration: 01:08:34

For show notes and links: neuralle.com/podcast   Tom Ballard ( @TomCBallard ) is a comedian, TV show host, and former Triple J radio presenter. It’s kind of surreal to believe that after all those years of sitting in traffic on the way to university, listening to Tom Alex’s breakfast show, that I’d find myself interviewing him in the flesh. Life can be funny like that. I have immense respect for what he’s done as an entertainer - it’s the sign of a great comedian when they can effortlessly move across different mediums - whether it’s TV, radio, podcasts or stand up. Tom’s podcast (Like I’m A Six Year Old) is undoubtedly one of the most popular Australian produced shows at the moment. His ability to have well balanced, inquisitive and funny conversations across many political topics is exactly what you need in a world where everyone’s screaming at each other. Although Tom is politically left, you’ll find many conversations he has with people who have diametrically opposed ideas - and yet a civil conversation is still able to be had. This is the secret weapon of comedy. I believe it’s important that you and I continue to learn together about having deep, long form, political conversations. Without it, we won’t be able to make sense of the flood of content and sound bites that pervade our digital world. This was a refreshing take on how Tom views his world, and challenges political conversations. I hope you enjoy it as much as I did. Topics covered include: The first moment Tom realised he was funny Choosing comedy over law Why he started a political podcast Creative process of writing comedy Good vs great comedians Recipe for the perfect comedian First time bombing on stage Political view summarised Enjoy the episode, Jordan Lauren

 #035: How to get to better health with Jessica Curl | File Type: audio/mpeg | Duration: 01:36:21

For show notes and links: neuralle.com/podcast  Jessica Curl ( @betterhealthwithjess ) is a functional diagnostic nutritionist, personal trainer, strength coach, former athlete, and now, owner of The Better Health Project. When my former guest and now coach, Paul Creasey (@biodefined), recommended I interview Jess I thought I should sit up and pay attention to what she’s doing - particularly because she has incredible insight and knowledge when it comes to sleep. My own experience with sleep and stress management began way back in 2012. Like some of you (25% in fact), I was experiencing debilitating generalised anxiety disorder. I remember going to hospital several times in an ambulance and it wasn’t until I was sitting in a hospital bed in the emergency unit, where both my dad and the resident doctor (who now knew me by first name) gave me a very frank conversation about lifestyle. That whole period was really the catalyst for a chain of self improvement (particularly focused on the brain and body), and hence resulted in the eventual creation of Neuralle. I know that statistically you’ve experienced anxiety at some point in your life, which is most often correlated with poor sleep and stress management. During my own self-discovery, I realised that sleep and stress are the bed-rock of your health, and it’s incredibly likely that you aren’t managing it correctly - in fact not many of our listeners are. 30% of the world is sleep deprived according to the WHO, and the effects are enormous (reducing our sleep by a third increases DNA damage by over 200%) . There are over 82,000 results for “sleep” books on Amazon as of October 2017, and I’m absolutely sure that the majority carry on with old wives tales about everyone needing 8 hours sleep, that consuming a high dose of carbohydrates before bed helps, or drinking lots of water before bed is required. We were originally considering writing an e-book for you and our listeners, but we instead decided that interviewing someone like Jess and sleep scientists, would be a better way of opening up your knowledge. The importance of sleep cannot be underestimated. In our interview, Jess noted in a piece of peer-reviewed literature, that the longest known example of a person surviving without sleep is 18 days, and for surviving without food, is over a year. Jess is incredibly knowledgeable when it comes to this area, and I know that this is a great way for you and I to start our research together. In particular we covered: What does Jess do? Moving to Australia and life in the US Rupturing her Achilles Wellness Western medicine Health principles The importance of sleep Why sleep cycles are important Sleep tracking, Oura ring and napping Managing stress Ideal sleeping environment Why sex before sleep is important Why adults are just giant babies {01:01:51} People Jess learns from The keto diet Enjoy the episode, Jordan Lauren

 #034: How facts ruin a good story - Phil Ruthven AM | File Type: audio/mpeg | Duration: 01:42:09

For show notes and links: neuralle.com/podcast    Phil Ruthven AM is the founder and current director of IBISWorld, an international corporation providing online business information and forecasting - widely known for its breadth of information available. As a Member of the Order of Australia, Phil is respected for his commentary across all forms of media on business and the economy, revered by previous guests such as futurist and demographer Bernard Salt AM. When I spoke to you in Bernard’s episode, I highlighted the importance of data and statistics in defining the story. Phil, himself, says in this episode that facts often ruin a good story, and so that’s why I felt you should hear from the man who paved the way for people like Bernard. Too often you and I see people using hearsay and scuttlebutt (as Phil coins it). How many social occasions have you been to, where people start trumpeting phony realities that you know are most definitely wrong? Phil outlines how you can to take a holistic approach in business or personal life, and how that will particularly hold you in good stead for life. The future of Australia is bright, particularly beneficial to our generation. While we spoke about what is actually coming, and how automation will impact your life, he also highlighted that politics will play a crucial part in that future - and why the current lack of political leadership could be disastrous for the long term. What I respect about Phil is that he’s always strived to make better decisions, and in the process make you and I smarter in the process (or at least seem smarter). He has a genuine hunger for understanding what is happening in the world, and is always humble when doing so. I’ve never heard Phil speak poorly, or act aggressively to anyone. It was an incredible opportunity to interview Phil (his last personal audio interview was with the ABC in 2008), so I hope you enjoy this as much as I did. Our key talking points: What Phil is most well-known for How he got into forecasting, IBISWorld How he researches and what he reads Taking a holistic approach to information Understanding cycles in the business environment Why facts ruin a good story The future economy of Australia How automation will change our lives Opinion on the current political landscape If he were to restructure politics in Australia Political leaders vs business leaders Lessons learnt from his parents Enjoy the episode, Jordan Lauren

 #033: The Semi-Regular Show: Self improving with Michael Jayaranjan | File Type: audio/mpeg | Duration: 01:21:33

For show notes and links: neuralle.com/podcast   Michael Jayaranjan ( @michaelcjay ) is a good friend, wandering salesman and self-improvement geek. You may remember MJ from episode 5 (currently our most popular) in which we spoke about making rapid changes in your life, and constantly improving yourself as an individual. My goal in doing an episode regularly with MJ, is to convince this kooky individual to get on air regularly, while also discussing changes in the field of scientific self-improvement including tools, tricks and gadgets. MJ has a unique ability to see through the noise when it comes to assessing yourself as an individual, seeing where you fit in your own world (whether it’s a business, community, family, other), and cutting through any crap that people dish up. He’s constantly making me reassess decisions in my life and my own motivations; that’s an incredibly powerful friend to have around. The last thing anyone needs in their life are friends that allow you to talk crap, lie about the realities in your life and not challenge you - those are fake relationships. Jim Rohn famously said we’re the average of the five people we spend the most time with, and I think that’s definitely true by hanging out with people like MJ. This Semi-Regular show’s format is largely inspired by Tim Ferriss’ Kevin Rose’s “Random Show”, where we can discuss random topics such as tools, documentaries, podcasts, books, experiences and so forth. In this episode in particular we covered: Moving away from the corporate world Bang Olufsen; brand and good design Travel plans and work/life balance Going to Tony Robbins to ‘crew’ Sri Lanka, BO customers and travel plans Reading more books Life-changing docos Podcasts we’re listening to Melbourne chatter What’s good on Youtube Enjoy the episode, Jordan Lauren

 #032: Becoming a better leader and team player - Justin Peckett | File Type: audio/mpeg | Duration: 01:45:37

For show notes and links: neuralle.com/podcast   Justin Peckett ( @jpeckett ) is an ex-AFL player for the St Kilda Football Club and Partner of Leading Teams, a company that helps improve both leaders and high performing teams. When it comes to leadership, and high performance, I’ve always looked to the military and sport for setting the standard. You’ve probably experienced the typical workplace leader who has never truly earned your respect or commitment. Instead they lead by enforcing your respect through position or ability to stall your career progression. Military and sporting clubs are a whole different beast. You won’t just be assigned leadership because you have tenure, you must demonstrate it. So how do military and sporting organisations encourage leadership? The US Navy Seals are known for having the internal commandment “leadership is ownership”. This has been popularised in the private sector and Silicon Valley in recent years - but what they mean, is that taking ownership for everything in your world is a requirement of being a good leader; complaining about outside forces impacting your life is not an excuse. They believe in this principal so stringently, that there’s another saying in the Navy Seals; “There are no bad teams, only bad leaders”. Leadership is the highest leverage component of what makes a group of people effective or useless. You don’t agree? Consider the same-sex marriage debate in Australia. Whether you agree or disagree on its validity, the fact that our nation's leaders decided to not take ownership and have a free vote is a prime example of bad leadership. Their indecision will no doubt cost the Liberal Party their status as the ruling party, as they’ve shown their lack of a backbone. It will cost our nation another $122M (plus interest), and created a divisive media debate that will further drive both the left and right of politics apart. All because your leaders were beholden to minority groups, and did not take ownership. I feel that in the Western world we’ve all become blinded in blaming others or outside factors for our situation, and hence it mirrors the current political situation in the US, U.K. or here in Australia. Perhaps now you understand why I think Justin’s work is so important, and maybe he’ll spur you on to take a little ownership in your own life. Key points we chatted about were: His connection to St Kilda FC Ownership empowerment in leadership Importance of accountability in empowerment How Leading Teams started for Justin Recipe for the perfect leader The challenges of learning to lead Team leaders, grievances and team turn-arounds Where he looks for inspiration for Leading Teams What he’d teach a class of budding leaders Enjoy the episode, Jordan Lauren

 #031: Serving up the Salt - Demography & Smashed Avocado - Bernard Salt AM | File Type: audio/mpeg | Duration: 01:13:13

For show notes and links: neuralle.com/podcast   Bernard Salt AM is a demographer, futurist, author, columnist and business advisor. Bernard is easily one of the most highly regarded demographers in Australia, known by most millennials for the misrepresentation of his famed ‘smashed avocado’ satire piece. Statistics and raw data that are accurately formulated, provide you a holistic view of what is actually happening in your world (whether it's the economy, an industry, community or family). Too often, people are making decisions on career and business by a feeling, and finding data to support that confirmation bias. How many relatives do you find that deny realities like climate change and cherry-pick statistics, - rather than the entire data set - to identify what is actually happening? There are countless examples like this in your life. Demographics and forecasting are crucial to making smart decisions, and that’s why I wanted to introduce you to one of the preeminent forecasters with Bernard. What I like about Bernard, is that he succinctly uses data to narrate a story that integrates realities of the world around us. It’s clear that hearing Bernard speak, or by reading his written work, that sociology and entertainment also frame a crucial aspect of what is happening in our world - to the point where he can describe accurately what our society was like at certain points of time. My own biases were challenged in this interview. We spoke about the current view of housing, and how migration is transforming how we should navigate the housing market. Those same migratory patterns, Bernards explanation of Australia’s position in Asia, and previous discussions with guests have made me realise that Australia needs to start separating itself from the US and start acting as a neutral power in Asia - it’s our only future. I think that you’ll really enjoy this conversation and Bernard’s work. Key points we covered were: How and why he got into demography That ‘smashed avocado’ article The current housing situation How he keeps informed Advice to those who wish to be in his space Looking at demography from another perspective How he gets out of his headspace His prediction of megatrends for the future The China focus of a post GFC world If he became PM tomorrow Businesses paying attention to wider demographics Mistakes businesses often make Innovation in Australia - how do we compete against Silicon Valley? The leaders in the field of demography Enjoy the episode, Jordan Lauren

 #030: Growing a multi-million dollar business from nothing - Nathan Chan from Foundr | File Type: audio/mpeg | Duration: 01:27:35

For show notes and links: neuralle.com/podcast  Nathan Chan ( @nathanhchan ) is the CEO Publisher of Foundr Magazine. Nathan is the ultimate poster boy for learning how to bootstrap and grind in the business world, going from no experience, and a passion for marketing, to running a multi-million dollar business in no small feat. When I first created my LinkedIn account, Nathan added me not too long afterwards, and that was my first introduction to Foundr. I didn’t pay attention at first, and sort of breezed through what he was doing with the magazine. But when I noticed that he was not only alive and kicking, but flourishing across social media two years later, I sat up and had a read of his content. Nathan’s secret weapon, one that he probably didn’t even realise he had, was that he simply focused on one marketing channel at a time, and perfected it. First it was the App Store, then it was podcasting, soon came Instagram, and in future, what ever channel fits his goals. What I find valuable about Nathan’s journey, is that he reminds me of myself. I never had amazing grades in high school, but I was incredibly passionate about learning and improving as an individual - something that was allowed to flourish in real life. Nathan had similar frustrations in wanting to be a world class marketer, but no one would give him the opportunity, and so he created his own. It’s always nice finding people similar to yourself, who have the tenacity and effort to give it a go. What I want you to learn from this talk is not that big names like Arianna Huffington and Richard Branson are the keys to success of your business - but sharp focus and refinement of one project at a time. You, like many entrepreneurs (myself included) are scatter gunning your efforts. Nathan is the exemplar of the point that you don’t require insane amounts of funding for every type of business, you just need hard and smart work, with absolute focus. This is an incredibly inspiring interview with a wide array of stories that I’m sure you’ll enjoy. In particular I think you’ll enjoy our points on: The history of Foundr Magazine Meeting Arianna Huffington and Jo Horgan How the podcast added further value to his product Going from a publisher to an educator Good design lending itself to great branding Outsourcing talent and finding staff Invaluable support from his old boss The flywheel in his business What would he do in our position at Neuralle? What he’s most proud of Enjoy the episode,  Jordan Lauren

 #029: How to be a value investor; read, listen and be patient - Roger Montgomery | File Type: audio/mpeg | Duration: 41:48

For show notes and links: neuralle.com/podcast  Roger Montgomery ( @montgomeryroger ) is a value investor, hedge fund manager and best selling author in Australia. Although this is a shorter episode than normal, I couldn’t turn down the opportunity for a couple of reasons: My admiration for Roger’s innate sense of what it takes to find value in Australian businesses, and my desire to introduce you to the world of value investing being in the back of my mind since starting the podcast. Roger typifies the mindset and respect that value investing commands of an individual - the success of Montgomery Investment Management and its ownership by staff is a testament to that. He believes, like his mother, that “if you can’t afford to pay in cash, then you don’t deserve to have it”, which is something that is often lost on debt hungry Australians. There is a notion in value investing that you're often operating on a far greater timeline than most, and Roger’s patience is something that I’ve always respected for someone in the Australian market. So what is value investing and why is it important? Value Investing is an investing paradigm created by Benjamin Graham David Dodd at the Columbia University Business School in New York, and popularised by Warren Buffett. In the early 20th century it was an opposing view to the more common paradigm of Efficient Market Theory - that the market and its price are always fair value, based on currently available information. Value investing alternatively shows that the market price is never a reflection of the intrinsic value, and therefore you can buy undervalued companies. My own discovery of value investing was after losing $4,000 speculating on oil futures at university, a massive amount of money for me at the time. I lost the will to invest for six months after that loss, but soon found a book called “What I Learned Losing A Million Dollars” by Jim Paul and Brendan Moynihan. In that book I found not only the reasons why speculators continually lose money, but also the chart below. The chart shows excess returns to the SP 500 Index for investors, while also displaying the type of paradigm they follow. What was fascinating to me at the time, was that they were almost all various forms of “Value Investors” - except for George Soros, Jim Rogers, and Stanley Druckenmiller. But what was more remarkable to me, was the longevity with which most of the value investors had, particularly the older investors like Warren Buffett, Walter Schloss and Philip Caret. It was this discovery in 2012 that set off a long period of reading and learning - I read nearly every book on the topic available through Amazon and found copious white papers by these famous investors that defined the paradigm. Since that time, I’ve never experienced a major capital loss, and have consistently compounded my money, to the point that I’m confident in its efficacy. Perhaps now you understand why I believe Roger’s episode was so important, particularly for those listening and reading, that have considered investing in the past. Too often people make investing decisions on price, and not on the value they can get. For some of the younger listeners that are also struggling with the reality of buying a house, you may enjoy the tangent we go on related to housing affordability and pricing in Australia. Key topics we discussed in this 30 minute interview were: What made him interested in value investing Introducing value investing to a new-comer Becoming a better investor Assets to consider, starting out Australia’s housing affordability If he had to mentor a group of students Mistakes young newcomers often make How to prepare for a recession without being too bearish Enjoy the episode, Jordan Lauren

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