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Cold Brew Money

Cold Brew Money

By Atit Kothari and Tapan Desai
We talk about money because your friends and family won't.

In this podcast, two friends figure out money as they reach their late-20s. Atit and Tapan have learned by reading books, listening to podcasts, watching videos, and making mistakes. They are here to discuss these ideas with everyone.

There is a stigma around the topic of money, people don't want to discuss finance. We believe it's important to not only discuss finance but also master it.

We will be talking about budgeting, scheduling, investing in stocks, bonds, index funds, valuation, and a lot more all while sipping on coffee!
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#17 - More Mental Models
We are continuing our discussion around Mental Models. Here are the mental models we discuss in today’s episode Correlation and Causation Law of Diminishing Returns Margin of Safety Social Proof Randomness Ergodicity Opportunity Cost Lindy Effect Network Effects Switching Cost Inertia Resources: Nassim Taleb - Fooled by Randomness: https://www.goodreads.com/book/show/38315.Fooled_by_Randomness Atit Kothari - Mental Models Blog- https://atitkothari.substack.com/p/framework-for-looking-for-gems Tapan Desai - Mental Models - https://tapandesai.com/mental-models/ Tapan Desai - Monthly Mullings - https://www.instagram.com/mullingsbytapan/ Hosts: Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/ Please note: Information is only for educational purposes and should not be relied upon as investment advice.
30:10
October 26, 2020
#16 - Let's talk about Mental Models
Episode Notes: We are discussing Mental Models in today’s episode. Specifically, important Mental Models that you can use in investing. What are mental models? Why are mental models important? First Principles Circle of Competence Inversion First-order, second-order, third-order thinking Occam’s Razor Resources Tim Ferriss Show - Naval Ravikant Episode - https://www.youtube.com/watch?v=-7J-Gwc9pVg Shane Parrish - Farnam Street - https://fs.blog/ The Knowledge Project- https://fs.blog/knowledge-project/ Poor Charlie’s Almanac- https://www.goodreads.com/book/show/944652.Poor_Charlie_s_Almanack The Psychology of Misjudgement - https://www.youtube.com/watch?v=4ICaAKuAudQ Elon Musk on First Principles - https://youtu.be/NV3sBlRgzTI Safal Niveshak - Circle of Competence - https://www.safalniveshak.com/mental-models/ James Clear - Atomic Habits - https://www.goodreads.com/book/show/40121378-atomic-habits Atit Kothari - Mental Models Blog- https://atitkothari.substack.com/p/framework-for-looking-for-gems Tapan Desai - Mental Models - https://tapandesai.com/mental-models/ Tapan Desai - Monthly Mullings - https://www.instagram.com/mullingsbytapan/ Hosts: Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/ Please note: Information is only for educational purposes and should not be relied upon as investment advice.
34:23
October 19, 2020
#15 - In conversation with Divraj Singh Pannu, an Equity Research Analyst about intraday and long-term investing
Episode Notes: We are talking to Divraj Singh Pannu in this episode who is an Equity Research Analyst. We discuss - his role and responsibilities relating to stock research such as valuing equity for a long term investment and intra-day trading. he discusses the differences between trading and investing and why beginners should avoid intra-day trading Leverage and risk Basics of intraday trading Long term investing and valuing a company How do you identify a business to start investing Portfolio allocations | Divraj LinkedIn: https://www.linkedin.com/in/divraj-pannu-939b56b3/ | Divraj Twitter: https://twitter.com/divrajsingh | Ignite Overseas: https://www.igniteoverseas.com/ | Ignite Overseas Twitter: https://twitter.com/IgniteOverseas | Ignite Overseas Instagram: https://www.instagram.com/igniteoverseas/ | Hosts: | Atit Kothari: https://kothariatit.com/ | Tapan Desai: http://tapandesai.com/ ******  Please note: Information is only for educational purposes and should not be relied upon as investment advice. ******
58:26
October 12, 2020
#14 - Economics of moving to a new country
Tapan recently moved to a new country, so we are discussing what goes into moving in terms of finance.  We are discussing: 1. Carrying Forex and Foreign Currency 2. Temporary Accomodation 3. Renting 4. Banking and Investing Hosts:   Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/
26:26
October 5, 2020
#13 - Getting Started with Intrinsic Valuation
Today we discuss: Why do you value a company? First principle: Opportunity Cost Your returns are determined by the price you pay It's a good anchor point If there is some event that pushes the whole market down, if you know the value you can pick up great companies at cheap prices Forces you to put in the work thereby avoiding obvious mistakes You need to find a dollar that is selling for fifty cents Intrinsic Valuation Present Value of future cash flow If you had to invest in a neighborhood lemonade stand? How much will you pay for it? Very simple lemonade example (https://docs.google.com/spreadsheets/d/1FBu2Td7vnva9DHSvWVOL3-XwTAQ1UtXT9Ihk5sO1G9E/edit?usp=sharing) Discount rate: Let’s say that you’d take $900 today instead of $1000 exactly a year from now. That means you’d accept a 11.1% “discount rate” on that transaction. Growth rate Terminal value
42:45
September 28, 2020
#12 - Intro to Valuation
We cover: - what does valuing means? - why do you value a company?  - how do you even pick a company to value?  - important parameters do you need to look at to value a company?  - how to track the stock against your valuation? Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/ Please note: Information provided in this is only for educational purposes and should not be relied upon as investment advice.
38:07
September 21, 2020
#11 - Looking for Moats: Apple
We look at Apple's financial statements to find its moats
21:21
September 14, 2020
#10 - How to look for Moats
We try to quantify moats in this week's episode. Episode Notes:  We are continuing our discussion around moats from the previous episode. In this episode, we are discussing how to read a financial statement.   There are 3 types of financial statements- Income Statement Balance Sheet Cash Flow Statement   We are discussing what are the most important parameters that you should look at when investing from the financial statements.   Resources Mentioned:  William Ackman: Everything You Need to Know About Finance: https://www.youtube.com/watch?v=WEDIj9JBTC8  Investopedia: Search for Balance Sheet, Income Statement, Cash Flow  The site to look at financial statements: https://stockrow.com/AAPL/financials/income/annual Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/
34:33
September 8, 2020
#9 - All about that Moat
We cover: What are moats? Why are they important? What are the different kinds of moats? About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
27:37
August 31, 2020
#8 - Getting started with Investing
Episode Notes: Today we are talking about getting started with investing. We are hoping to share some actionable items, will discuss how Atit and I got started, our personal stories, and failures. We both believe in value investing. So these will be long term ideas. This episode won’t be for you if you want to do intraday investments. Strategies: Think you will be owning the business before buying the stocks Think long-term, 3-year minimum Protect your downside Circle of Competence Dollar-Cost Averaging The portfolio’s Discussed: Ray Dalio’s All Weather 60 stocks, 40 bonds Golden Butterfly Resources Mentioned: Website: Investopedia Books: One Up on Wall Street, Bogleheads Guide to Investing Blog: Safal Niveshak Podcast: Robinhood Snacks, The Motley Fool Apps: Stash, Vanguard, Robinhood, Wealthfront, Betterment, Zerodha Hosts: Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/
31:42
August 24, 2020
#7 - How To Buy A House
In conversation with Jinesh Mehta, a home-owner in the US, understanding the intricacies of buying a house in the USA as an immigrant.  We are discussing parameters such as bills, utilities, school-ranking which most new buyers gloss over when purchasing a house.  Additionally, discussing factors to consider even before you plan on purchasing a new home in the US.  Jinesh on LinkedIn: https://www.linkedin.com/in/mehtajinesh/ __________ COLD BREW MONEY is a podcast discussing finance because your friends and family won't.  Reach out to us on  Twitter: https://twitter.com/coldbrewmoney Instagram: https://www.instagram.com/coldbrewmoney/
38:17
August 17, 2020
#6 - Passive Income
Today we talk about: - How to build passive income - How long it would take you to make substantial revenue from passive income sources - Why passive income source is important especially today About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
21:00
August 10, 2020
#5 - Compounding
Episode Notes: Today we will be covering a very important, if not the most important, topic in investing -  Compounding. Compounding as a concept is applicable to everything.  The most important variable is time. You need to start early to truly harvest the full potential of compounding, especially if you’re an investor!   Resources Mentioned: The Compound Effect by Darren Hardy Atit Kothari: https://kothariatit.com/ Tapan Desai: http://tapandesai.com/
14:09
August 3, 2020
#4 - Automating your finances
Today we talk about: - Why you should automate your finances - How to automate your finances - Tools, books, and recommendations for automation About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
29:04
July 27, 2020
Special: Tapan's Coronavirus Story
Tapan recently got tested positive for Coronavirus.  In this episode, he shares his experience fighting the virus, hospital system in Mumbai, and the importance of having Mediclaim.  Read his story here: http://tapandesai.com/coronavirus-story We talk about money because your friends and family won't. About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
11:16
July 23, 2020
#3 - Budgeting
Episode Notes: We are talking about budgeting. We are discussing why budgeting is important and how should your budget?   One of the most common strategies for budgeting is the 50-30-20 split. 50% of your income goes to needs, 30% to your wants, and 20% to your needs.   However, the most important part is accounting for and saving 20% before you go about spending on your wants.   Find out more in this episode! About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
21:15
July 20, 2020
#2 - Best. Personal. Advice. Ever.
Best personal advice we've ever come across. We talk about money because your friends and family won't. About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/
02:05
July 13, 2020
#1 - Laying the groundwork
We talk about money because your friends and family won't. About Hosts: Atit Kothari: http://kothariatit.com/ Tapan Desai: https://tapandesai.com/ Books mentioned in the episode: MONEY: Master the game  Rich Dad, Poor Dad Podcast Recommendation I will teach you to be rich Total Money Makeover
26:41
June 17, 2020