The James Altucher Show – Details, episodes & analysis
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The James Altucher Show
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Frequency: 1 episode/3d. Total Eps: 1321

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See all- https://www.facebook.com/JAltucher.Blog/
2208 shares
- https://www.facebook.com/groups/president2.0
1733 shares
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See allScore global : 64%
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Jim Rickards: Will AI Destroy the World?
mardi 10 décembre 2024 • Duration 52:19
Money GPT. I mean, we've all heard about the incredible potential of AI, and I’ve shared my optimism about its future in many episodes. But today, we have Jim Rickards back on the show, and he’s here to offer a more skeptical perspective. You might remember our earlier discussion where Jim laid out a masterclass on the economy, its history, and what might unfold over the next few years. Now, he’s back with insights from his new book, Money GPT, diving into what we should watch out for when it comes to AI and its impact on the economy. Let’s get into this compelling discussion with Jim Rickards.
Episode Description:In this episode, James Altucher welcomes back bestselling author Jim Rickards to discuss his latest book, Money GPT. Jim delves into the transformative power of AI, highlighting both its immense benefits and the potential risks it poses, particularly to the global economy and financial markets. Drawing on his experience building AI models for the CIA, Jim explains how AI is reshaping industries and warns of its unintended consequences. The conversation spans the accelerating role of AI in finance, its vulnerabilities, and its parallels with nuclear decision-making processes. Whether you're optimistic or cautious about AI, this episode will challenge your perspective with fresh insights and historical context.
What You’ll Learn:- How AI is amplifying financial market volatility and increasing systemic risks.
- The concept of "cybernetics" as a solution to mitigate market crashes.
- The differences between AI's success in music and its limitations in writing.
- Why AI’s self-referential feedback loops could worsen over time.
- The parallels between AI in finance and its potential misuse in nuclear decision-making.
- [00:01:30] Introduction: Revisiting AI and its role in the economy.
- [00:03:24] The dual nature of AI: Power and risk.
- [00:06:50] GPT breakthroughs and the future of language models.
- [00:11:34] Why AI excels in music but struggles with writing.
- [00:19:46] The rise of passive investing and its dangers.
- [00:23:14] Cybernetics: A strategy to stabilize financial markets.
- [00:39:15] The risks of removing humans from critical decision-making chains.
- [00:47:53] Will AI replace jobs faster than it creates new ones?
- Jim Rickards’ book, Money GPT.
- Related episode: The History and Future of the Economy with Jim Rickards.
Codie Sanchez on How to Become a Main Street Millionaire: The Secrets to Profiting from 'Boring' Businesses
mardi 3 décembre 2024 • Duration 01:57:26
A Note from James:
If my kids asked me, "What is the one podcast we should listen to to create financial security, wealth, whatever?"—this is the one I’d recommend. Codie Sanchez is so smart, thoughtful about business, and open about her journey to success, including the failures she's overcome.
Her book, Main Street Millionaire, highlights how the most boring businesses—laundromats, car washes, and other everyday enterprises—are the true wealth creators. Codie shares her strategies for buying these businesses for little to no money down and scaling them for massive success. This episode is packed with actionable insights, so take notes, and if you have questions, hit me up on Twitter. Here’s Codie Sanchez.
Episode Description:
James sits down with Main Street Millionaire author Codie Sanchez to explore the art of building wealth through "boring" businesses. Codie explains why chasing trendy industries like AI and crypto might not be the best path to financial freedom, and instead focuses on buying, scaling, and profiting from existing small businesses. They discuss why these overlooked enterprises can be goldmines and how to find, evaluate, and acquire them—even with minimal upfront capital. This episode is a roadmap for anyone dreaming of stepping off the corporate treadmill and building sustainable wealth.
What You’ll Learn:
- The Power of "Boring" Businesses: Why laundromats, car washes, and other Main Street enterprises consistently generate wealth.
- How to Find the Right Business to Buy: Codie’s framework for identifying ideal opportunities, from seller motivations to business profitability.
- Creative Financing Strategies: Learn how to buy a business with little to no money down using seller financing.
- Scaling Simplified: Actionable tips to grow a small business by increasing visibility, average order value, and customer engagement.
- Overcoming the Fear of Entrepreneurship: How to shift your mindset and take calculated risks, even if you're starting as an employee.
Timestamped Chapters:
- [01:30] Introduction to Codie Sanchez and her wealth-building philosophy.
- [02:29] Why "boring" businesses create lasting wealth.
- [03:01] Interview begins: Codie and James discuss Belgian Malinois dogs.
- [04:29] Following your own advice as an entrepreneur.
- [06:46] The power of a good book title and its lasting impression.
- [09:33] The evolution of business self-help books.
- [11:31] The Lindy Effect: Predicting a business’s future longevity.
- [13:49] The decline of small business ownership in America.
- [14:59] Tax benefits of owning a business versus being an employee.
- [16:18] Seller financing explained: Buying with minimal upfront capital.
- [19:32] The Lindy Effect and why older businesses are safer investments.
- [22:27] Scaling strategies: Raising prices and increasing average order value.
- [29:45] Codie’s journey: From corporate employee to serial entrepreneur.
- [36:23] First business acquisition: Lessons from Codie’s laundromat.
- [38:55] Overcoming fear and ego risk in entrepreneurship.
- [44:18] Structuring deals: The balance between upfront payment and seller financing.
- [50:37] Real-life example: A flooring restoration business deal.
- [56:14] How to connect with retiring entrepreneurs for off-market deals.
Additional Resources:
- Codie Sanchez’s book: Main Street Millionaire
- Follow Codie Sanchez on Twitter:
The Ultimate Guide to Risky Decisions: Risky Business with Maria Konnikova and Nate Silver: Maria Konnikova and Nate Silver
mercredi 9 octobre 2024 • Duration 01:13:36
Should We Have a Random-ocracy? With AJ Jacobs
vendredi 20 octobre 2023 • Duration 21:46
Ep. 283 - Anthony Ervin: Overcoming Your Battles: How an Olympic Swimmer Transformed Tourette's Syndrome into Winning Gold
lundi 27 novembre 2017 • Duration 58:49
Ep. 282 - Tyler Cowen: What the Future Holds: Stagnation or Innovation?
jeudi 23 novembre 2017 • Duration 01:15:49
Ep. 281 - Tim Ferriss: Using a New Lens To Make Life Easier
mardi 21 novembre 2017 • Duration 02:35:10
Ep. 280 - Chuck Klosterman: From Yesterday to Today: Comparing How We Interact with Culture
lundi 20 novembre 2017 • Duration 01:00:32
Ep. 279 - Elizabeth Smart: How She Endured Tragedy, Survived and Created Her New Normal
jeudi 16 novembre 2017 • Duration 54:20
Ep. 278 - Floyd Landis: The Consequence of Exposing a Legend: Learning How to Take Your Life Back & Overcome Rejection
mardi 14 novembre 2017 • Duration 01:18:42