In this episode of The Path to Wellth, I had the privilege of interviewing Chris Galizio, a certified financial analyst and the visionary behind Focused Capital. Throughout our conversation, Chris graciously shared his profound insights into alternative investments and portfolio management, drawing upon his extensive journey as a seasoned portfolio manager.
What truly piqued my interest was Chris's discussion about his upcoming film, "Money Game," a project close to his heart. Through this cinematic endeavor, he sheds light on the prevailing emphasis on price, often overshadowing the crucial aspect of value within the intricate tapestry of financial markets.
This episode opened a window to valuable perspectives, not only for me but for fellow investors and professionals as well. As we navigate the ever-shifting landscape of the financial world, Chris's expertise and revelations offer a compass to steer through the complexities and make informed decisions.
Enjoy this episode on your preferred podcast platform!
✅ Apple → https://tinyurl.com/mrxf2294
✅ Youtube → https://tinyurl.com/2p8fx5ut
Let’s Stay Connected
✅ LinkedIn → https://tinyurl.com/3uuv3dt5
Connect with Chris Galizio
✅ LinkedIn → https://tinyurl.com/4tkehuym
✅ Website → https://tinyurl.com/p3jdhyp7
Check out Chris Galizio's Money Game Film
https://tinyurl.com/m9madzz7
Time Stamps
[00:02:32] Capitalism requires risk to allocate scarce resources
[00:05:33] The ecosystem and cryptocurrencies
[00:08:06] Passive investing and market prices
[00:11:00] Fiat currency and its consequences
[00:14:21] The biggest transfer of wealth
[00:17:40] Entertainment in the classroom
[00:23:30] Authoritarian dictatorship during economic collapse
[00:25:06] Price vs. value in technology
[00:27:33] German economy and aging population
[00:33:04] Lumber prices and import regulations
[00:35:05] Shift of power in world reserve currency
[00:38:23] Negative interest rates and theft
[00:42:10] The broken financial system
[00:45:12] Fixing the broken system
Quotes
"Price is what you pay. Value is what you get."
"if interest rates go negative, all assets are worth infinite."
"To which the professor says the biggest quote in the entire movie, correct."
"The machines saw Delhi in New Jersey trading at $10 million."
"It comes down to Lord Acton had a quote, that the history always comes down to a battle between people and the banks."
"My coffee goes from $3 to $30 and all of a sudden everyone blames the capitalists and turns to an authoritarian leader like Hitler to save them."
"That's why I say money game will timestamp the biggest currency shift in history."
"If passive ever gets bigger than active, you'll have chaos and catastrophe or markets will fail."
"Imagine reintroducing a herd of lions back into the savanna after the gazelle population had exploded. Well, they will slaughter the population and blow their own population. The lion is in balance again."
"Buy real assets. They've never been cheaper."
"On Wall Street, they call that negative interest rates. On Main Street, they call it theft."
"Their job is to create inflation."
"This system right now is broken and unfair."
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