Kontrarian Korner Kontrarian Korner #72 - Matt Smith
Oct 2, 2025
Matt Smith, founder of Crisis Investing and co-author of The Preparation, sheds light on innovative alternatives to college education. He discusses the significance of intergenerational relationships and the looming monetary reset in the U.S. The conversation delves into the implications of AI on the job market, the potential for societal upheaval, and the pivotal return of gold in finance. Additionally, Smith critiques passive investing's market distortions and shares his cautious outlook on cryptocurrencies, underscoring the need for adapted strategies in a rapidly changing economic landscape.
AI Snips
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Transcript
Episode notes
Do Over Have
- Focus on doing, not having; action creates outcomes rather than possessions creating purpose.
- Prioritize developing competencies and virtues that shape who you become instead of chasing status symbols.
Book Born From A Napkin Test
- The Preparation grew from a napkin outline and field-testing with Matt's son over two years.
- The book focuses 80% on doing and applied activities to shape young men's development.
Find A Patron, Not Just A Mentor
- Seek relationships with older generations who view you as a client rather than a competitor.
- Leverage patrons to access opportunities, networks, and protection that peers cannot provide.
