We talk in deep metaphors about living life not the “way that you are supposed to,” but instead trying to do it your way. We explore our definitions of bosses or managers vs leaders. We (start) getting into the wide world of finance. Finally, the conversation takes a turn for memory lane and we reminisce about Odyssey of the Mind.
2:10 Hobby talk – Varun talks about recent difficulties encountered while flying his model airplane, and Andrew talks about keeping praying mantises as pets.
3:34 Varun discusses his experience and the benefits that he gets from hot yoga.
6:51 Fact Check: the numbers vary, but most sites say that there are 1800-2400+ praying mantis species in the world. Praying mantises are found on every continent except Antarctica.
11:19 Fact Check: Cockroaches and mantises are from the same Superorder – Dictyoptera
13:19 Andrew talks about a disturbing conversation that he had with his recruiter this past week.
23:58 We talk about leadership (boss or manager vs leader)
24:56 Fact Check: Aaron Rodgers was drafted by the Green Bay Packers as the 24th pick of the 2005 draft.
31:08 Andrew gives a little insight for the aircraft carrier captain, CAPT Brett Crozier, who was removed from command following a coronavirus outbreak on board his ship.
35:49 We debate financial stability and financial freedom. We talk past each other several times and fail to answer each other’s questions at times, but the discussion starts to paint a picture of Varun’s lifestyle and thought process for finance.
47:18 Fact Check: The worst 5 year return of the benchmark index S&P 500 is -6.6% and the worst 15 year return is 3.7%. I couldn’t find the original site where I got the 8%, but I remembered having to calculate the rate myself.
48:43 Andrew gets got by sensationalist reporting about the CARES Act. In the following episode, Andrew goes on his apology tour for inaccurately crediting the CARES Act with not taxing capital gains for wealthy people.
Fact Check: the CARES Act allows for businesses to apply net operating losses to prior years to offset the amount of taxes they have to pay. The Joint Committee on Taxation performed an analysis that shows that this provision will result in an overall change in tax liability of $86 billion. The taxpayers who make over $500,000/yr (<1% of Americans) will reap the $76.4 billion of the $86 billion.