October 21, 2020

Talk Money Weekly #013 | 150 Men Control the World's Capital?

Mesh Lakhani Headshot
Mesh Lakhani

Hey All,

This is Issue #013 of the Talk Money Weekly. To get your mind moving on the topic of money every week, I curate and share trending conversations around money, business, current events, and pop culture from Twitter, my favorite podcasts, and other platforms.

This week had TOO many selections to choose from. I added a couple of extras for your viewing pleasure.

Have you checked out our latest episode, BLACK IN BUSINESS? Season 3 is right around the corner! Big episodes and even bigger guests! Can't wait.

One small favor. If you're enjoying this curated list, please forward it to your friends. I would greatly appreciate it!

๐Ÿ“ˆMarkets & Business:

150 Men Control the World. Time for a Change

Investor Chamath Palihapitiya says that 150 MEN, run the world. Pooled together, the capital that those men control has a lot of what we function as a society. Chamath wants a place on that table. That's one of his motivations for being valued as a capital allocator because once he's in, he'll open that door to others. I believe him too.

I have a friend who works for one of those 150 men. He told me something similar. We need people who want to shake this up and bring more diverse voices. Money makes the world go round, whether you want to believe it or not.

A History of Audio, Its Opportunity & Where Itโ€™s Going

This is a long read, but it's EXCELLENT. Our consumption of audio, both radio, and music, has evolved over time. It's based on the cost of production and distribution. From the 45's to the unbundling of the album by Apple, to the power of steaming by Spotify. If you want to understand how this all works from a financial and technological perspective, this post is for you. ย 

People Need CASH to Survive

The World Food Program reports that giving people in need cash instead of "goods" works better. Those who are poor, are not worse at handling money. It's quite the opposite. They save, they spend, they pay bills, and they increase the economies in their surroundings.

People need more money in their pockets to survive. That's what it comes down to. Whether it's earning a higher wage, or receiving cash for them to live on. How much money is wasted on programs where people receive "goods" vs cash?

๐ŸŽฅ Sports & Entertainment:

AOC is About to be the Biggest Streamer in the World

Among Us is a game that's taken over all your memes lately, and AOC played it live to an audience on Twitch. Why is this big? Well for one she's engaging with a massive demographic of the youth- gamers & game watchers. ย As she continues to navigate social platforms and build her direct audience, we might see a shift in how money is raised for candidates in the future. With so much money spent on direct ad buys by politicians, is having a direct connection with millions of people the future of raising funds, and running a campaign? Also, have you played this game? It's INSANE.

Magic Johnson Always Wanted to be a Businessman

This is a great thread to learn about how Magic Johnson took his earnings and celebrity and built a business empire. Buying multiple Starbucks', building real estate, and owning a sports team. This reminded me of the book by Michael Ovitz, the co-founder of CAA and power player Hollywood Agent- Who is Michael Ovitz. In his book, Ovitz discusses how Magic Johnson was so persistent in having him teach him about business. When Ovitz knew Johnson was serious, he showed him the ropes. Clearly it helped!


Save Music Venues!

The Biden campaign recently ran an ad urging the need to save music venues. The live venue business, that host our favorite musicians and comedians, has been CRUSHED during the pandemic. BILLIONS of dollars have been lost and there's no end in sight. Did you know that for every $1 spent at a venue, $12 is spent in the surrounding areas of that venue? In Season 3 of Talk Money, we'll dive deep into this subject, hearing interviews from Ben Lovett of Mumford & Sons, and David Handler of NYC's Le Possion Rouge. Stay tuned.

That's all for this week! I hope you enjoyed the THIRTEENTH issue of Talk Money Weekly.

If you haven't already subscribed to my podcast, Talk Money, do so here. Make sure you listen to our latest episode "Black in Business". Stay tuned for our trailer for Season 3 which is going to be pretty amazing. More on that soon.

Want to chat? Tweet me at @meshlakhani. If this email was forwarded to you by a friend, subscribe here for updates!

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