The Jordan B. Peterson Podcast 330. The Natural Order of Money | Roy Sebag
126 snips
Feb 9, 2023 Roy Sebag, a self-made entrepreneur and author of "The Natural Order of Money," joins Dr. Jordan B. Peterson to delve into the unique relationship between money, wealth, and the natural world. They discuss the intrinsic value of gold, its historical significance, and its symbolism in finance. Sebag shares insights on value investing and contrasts commodities with financial assets, emphasizing the importance of understanding intrinsic value. The conversation also touches on economic sustainability, rethinking traditional metrics, and the philosophical implications of gold in modern economies.
AI Snips
Chapters
Books
Transcript
Episode notes
Early Entrepreneurial Venture
- Roy Sebag's first entrepreneurial venture involved buying and selling physical mines.
- This provided him with concrete, real-world experience in valuing tangible assets.
Value Investing Approach
- Sebag began as a value investor, seeking discrepancies between a stock's market price and its intrinsic value.
- He viewed stocks as pieces of businesses and aimed to capitalize on market inefficiencies.
Challenges of Value Investing
- Value investing involves estimating intrinsic value, but market volatility makes short-term predictions difficult.
- Some believe consistent outperformance in value investing is impossible due to market efficiency.
