The Money MBA Podcast welcomes Mike Green of Logica Funds.
In the finance world, Mike needs no introduction, thus attempting to do so in brevity here would do him no service.
As I suggest in the introduction to this interview, after enjoying our conversation I encourage everyone to go down the Mike Green rabbit hole.
There is a tremendous amount of available content highlighting his intellect and ability to articulate it, so without further delay lets get you started right here and now…
Visit http://www.MoneyMBA.com for access to a video recording of the interview and detailed show notes
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Originally recorded December 21, 2020
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COMING SOON – Who is Michael Green?
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18 thoughts on “16. Ep. #11: Mike Green – The Money MBA Podcast”
Hi, great interview but really no help to the person who understands that passive investment description by Michael Green. So while ai agree with all said I still can’t get proper management to actively manage my investments because I can’t get in the door without the high entrance fee. So the biggest question in the room is now what does a person who has less than 1 million $ do?? Do it on their own while working 60 hrs a week and a family?? The conversation provided insight but really nothing to act on.
There might be something in the works to address that, watch this space.
Jon – after having spent two weeks in solo isolation in Sydney recently I appreciate you extending yours for our benefit.
Thoroughly enjoyable discussion with an increasingly ominous note from Mike.
I find Mike to be one one of the more intriguing minds with a compelling delivery.
I look forward to your follow up piece and as your note above alluded to, a possible lower entry point investment vehicle.
Thanks David for tuning in as well as the feedback.
Follow me on Twitter for more timely updates.
Thanks David for tuning in as well as the appreciation.
Follow me on Twitter for more timely updates regarding the latter.
Finally a well thought and interesting critic on Bitcoin. I like bitcoin but I have an open mind. Question: Is it possible that there’s no way to control evil debt? And the only way is to have money so hard, that whoever lends it, does it extremely cautiously and only in very productive ways.
I still don’t know that would address the flaw Mike points out in regards to the winner take all scenario created because Bitcoin is “too good at scarcity”.
However, some of the other dynamics we discuss need to be corrected, corruption, crony-capitalism … which is exactly what has led to the pendulum swinging so far the other way that the new narrative is “scarcity” is the only thing that matters.
No. No one thinks God came down and anointed gold. The argument from the periodic table explains why gold was chosen. To conclude from that it hasn’t been imbued by men with magic contradicts the point he made at the beginning of the talk…that men are stupid…or to put it less pejoratively, they are not rational. The whole periodic table presentation sort of had a triumphant aura about it which was silly… It was apparently designed to knock down an argument about mystery and magic, but its conclusion was a disappointing quasi-truism which never laid a glove on what makes gold “gold”. I say this as someone who has no vested interest in gold, but a sincere interest in truth.
You made a great effort here in this comment to say a lot, without saying anything at all.
Please share what makes gold, “gold”?
Mike made reference to a straw man argument about gold, and rapidly switched gears and said what he really meant was an appeal to precedence or authority. Much of his discussion of bitcoin sounded like more of a classic straw man argument, in that no one is talking about a bitcoin monetary system, any more than they are talking about a gold monetary system. Most credible voices I have heard on Bitcoin discuss it as a store of value. A more relevant argument is whether it has the psychological juice to play that role. After about 45 minutes in he hasn’t touched upon that theme but continues beating a dead horse that by jingo he means to kill.
Store of value … because it is scarce?
The problem with student loans is that in exporting blue collar jobs to the developing world we enticed our blue collar kids into an extended childhood euphemistically called “college” with government-backed incentives that brought out the usual hoard of swindlers that always seem to smell “free” money. Naturally as is always the case with free money, costs went through the roof, but who cares when someone else is paying? Investment to expand trade programs in community colleges would have made sense…the student loan program could not have been more ill conceived and clumsily executed. Now I just can’t wait for Rohans guaranteed job program. I am sure it will work out way differently.
There is a lot under the hood in regard to “student loans”, but on the surface I agree it’s another prime example of the Cantillon Effect benefiting those at the top.
I am a middle class guy with a pension, SS, and some savings. I decided to put 1% of that in BTC and ethereum and kissed it goodby. It was not a pig in a poke, as a software engineer I first studied blockchain technology through YouTube and then read Satoshi’s paper with full comprehension. I know exactly what bitcoin and ether are and how they work. I am only interesting in harvesting a 10 bagger…nothing else would change my lifestyle and my baseline assumption is that it was put on the pass line and the dice are rolling….so I let it ride. What harm? I volunteer at the food bank, mow the lawn at the church, and help a crazy lady with her shopping once a week. Why assume that Bitcoin gamblers are in some sense “dropping out”? Why assume that its advocates think the future monetary system will be based on bitcoin? Where is that coming from? My baseline response to the “get rid of the middle man” argument is, “why the hell would I EVER do that”? VISA as the middle man between me and the merchant world is a godsend…out of my cold dead hands you would pull that relationship.
Ok, so no longer a store of value then, just a gamble on a 10-bagger.
When Bitcoin or Ethereum pulls a 10x what will you do, exit and take dollars?
Enjoyed hearing detracting points from bitcoin.
Passive. wouldn’t the overwhelming majority of this money just be stored in a bank account if that was a realistic option?
The fact it is not a problem itself…
Bitcoin. Forget the monetary value, maybe it is wildly overvalued. Let’s assume a current price of $1. You buy one, now fast forward 300 years. You still have one bitcoin. Unscathed. Having seen the trick performed can you possibly still value it at $1? Is it worth $1 plus all inflation in 300 years? Or having seen the trick performed, do you now believe it was worth more than $1 in the first place?
Can you illustrate your point differently?
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