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Grey

@jgreyfriend • 21,190 subscribers

Building cool stuff. Co-Founder @trykashu. Systems engr

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Between 1800 & 1910, America’s banking system was broken: • The U.S. had no central authority over currency • Over 30,000 types of banknotes were in circulation • Banks failed regularly (major panics in 1873, 1893, 1907) • No lender of last resort meant a single rumor could cause a bank run Wall Street was vulnerable. The public had lost trust. A system reboot was needed.

Between 1800 & 1910, America’s banking system was broken: • The U.S. had no central authority over currency • Over 30,000 types of banknotes were in circulation • Banks failed regularly (major panics in 1873, 1893, 1907) • No lender of last resort meant a single rumor could cause a bank run Wall Street was vulnerable. The public had lost trust. A system reboot was needed.

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In 2010, Bill Ackman gave a 44-minute masterclass on how money actually works using a lemonade stand. He talks about: •⁠ ⁠How businesses create value • ⁠Why most investors lose money • ⁠How compounding really builds wealth 12 timeless lessons from Ackman's masterclass:
43:36
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In 2010, Bill Ackman gave a 44-minute masterclass on how money actually works using a lemonade stand. He talks about: •⁠ ⁠How businesses create value • ⁠Why most investors lose money • ⁠How compounding really builds wealth 12 timeless lessons from Ackman's masterclass:

Grey

894,456 views • 3 months ago

In 1983, Steve Jobs predicted the next 50 years of technology. His predictions: • iPhone • Internet • Softwares • App stores • Artificial Intelligence 10 futuristic predictions from this talk that came true: 1. Every major revolution starts ugly
54:50
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In 1983, Steve Jobs predicted the next 50 years of technology. His predictions: • iPhone • Internet • Softwares • App stores • Artificial Intelligence 10 futuristic predictions from this talk that came true: 1. Every major revolution starts ugly

Grey

1,250,704 views • 5 months ago

A “duck hunting trip” was planned. In November 1910, Senator Nelson Aldrich, head of the National Monetary Commission, arranged a meeting. But it wasn’t in Washington. It was on Jekyll Island, Georgia, owned by J.P. Morgan and other elites. Aldrich gathered 5 men. All boarded a private train using fake names.
1:20
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A “duck hunting trip” was planned. In November 1910, Senator Nelson Aldrich, head of the National Monetary Commission, arranged a meeting. But it wasn’t in Washington. It was on Jekyll Island, Georgia, owned by J.P. Morgan and other elites. Aldrich gathered 5 men. All boarded a private train using fake names.

Grey

1,389,168 views • 9 months ago

Why the secrecy? Because if the public knew private bankers were designing a central bank, it would’ve been political suicide. "We were as secretive as conspirators... we knew that what we were about to do would be criticized." – Frank Vanderlip So they used first names only. Staff were dismissed. No press allowed.
0:59
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Why the secrecy? Because if the public knew private bankers were designing a central bank, it would’ve been political suicide. "We were as secretive as conspirators... we knew that what we were about to do would be criticized." – Frank Vanderlip So they used first names only. Staff were dismissed. No press allowed.

Grey

1,131,293 views • 9 months ago

What did they actually create? In 9 days on Jekyll Island, they drafted a blueprint: • A national reserve system • 15 regional Reserve Banks • A central governing board • Ability to expand/contract currency supply • Privately owned but federally supervised It wasn’t called a “central bank”, too controversial. Instead: The Federal Reserve System.
1:00
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What did they actually create? In 9 days on Jekyll Island, they drafted a blueprint: • A national reserve system • 15 regional Reserve Banks • A central governing board • Ability to expand/contract currency supply • Privately owned but federally supervised It wasn’t called a “central bank”, too controversial. Instead: The Federal Reserve System.

Grey

966,375 views • 9 months ago

So what does the Fed do? Today, the Federal Reserve: • Controls interest rates • Regulates banks • Prints (and retracts) U.S. dollars • Acts as lender of last resort • Backs over $20 trillion in money, credit, and liquidity It is the most powerful financial institution in the U.S. and possibly the world.
2:09
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So what does the Fed do? Today, the Federal Reserve: • Controls interest rates • Regulates banks • Prints (and retracts) U.S. dollars • Acts as lender of last resort • Backs over $20 trillion in money, credit, and liquidity It is the most powerful financial institution in the U.S. and possibly the world.

Grey

689,988 views • 9 months ago

In 2021, Stanley Druckenmiller explained how he compounded at 30% for 30 years straight. He broke down why: - Winning isn’t about being right - Markets reward puzzle-solvers - Entitlements threaten youth 12 lessons from Druckenmiller on markets, risk and the future of America:
32:19
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In 2021, Stanley Druckenmiller explained how he compounded at 30% for 30 years straight. He broke down why: - Winning isn’t about being right - Markets reward puzzle-solvers - Entitlements threaten youth 12 lessons from Druckenmiller on markets, risk and the future of America:

Grey

245,322 views • 3 months ago

But is it truly public? Or private? This is still debated. • The Fed is a public-private hybrid • Regional Fed banks are privately owned by commercial banks • But the Fed Chair is appointed by the President • Congress provides oversight but cannot dictate policy That hybrid structure began on Jekyll Island.
0:54
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But is it truly public? Or private? This is still debated. • The Fed is a public-private hybrid • Regional Fed banks are privately owned by commercial banks • But the Fed Chair is appointed by the President • Congress provides oversight but cannot dictate policy That hybrid structure began on Jekyll Island.

Grey

608,844 views • 9 months ago

In 2010, George Soros gave a 40-minute masterclass on why humans misjudge market reality. He explained why: - Markets distort reality - Bubbles are logical, not irrational - Regulators must fight markets 12 lessons from Soros that change how you see financial markets forever:
43:46
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In 2010, George Soros gave a 40-minute masterclass on why humans misjudge market reality. He explained why: - Markets distort reality - Bubbles are logical, not irrational - Regulators must fight markets 12 lessons from Soros that change how you see financial markets forever:

Grey

224,242 views • 3 months ago

Today we announce Kashu to the world, having raised exactly $0. We built Kashu for a simple reason: businesses should not have to wait on their own money. Kashu is the first B2B payment platform of its kind, letting you access your credit and move capital with ease. Trillions in credit lines sit unused. 80% of Americans have credit cards. Millions of SMBs face constant cash flow pressure. We turn that credit into usable capital. Pay suppliers. Cover payroll. Float inventory. Move faster. This is a new layer for how money moves. Welcome to Kashu.
1:57
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Today we announce Kashu to the world, having raised exactly $0. We built Kashu for a simple reason: businesses should not have to wait on their own money. Kashu is the first B2B payment platform of its kind, letting you access your credit and move capital with ease. Trillions in credit lines sit unused. 80% of Americans have credit cards. Millions of SMBs face constant cash flow pressure. We turn that credit into usable capital. Pay suppliers. Cover payroll. Float inventory. Move faster. This is a new layer for how money moves. Welcome to Kashu.

Grey

38,575 views • 1 month ago

Jim Simons built the most profitable hedge fund in history. Not with insider info. Not with Wall Street traders. He quietly compounded 66%+ annually while everyone else argued on TV. 13 timeless money lessons from the man who out-earned Buffett, Soros & Dalio combined:
44:43
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Jim Simons built the most profitable hedge fund in history. Not with insider info. Not with Wall Street traders. He quietly compounded 66%+ annually while everyone else argued on TV. 13 timeless money lessons from the man who out-earned Buffett, Soros & Dalio combined:

Grey

91,767 views • 5 months ago

Charlie Munger built Berkshire Hathaway to $1.1 Trillion. He made $2.6 Billion for himself. Not by predicting stocks, but by avoiding • Stupidity • Bad incentives • Emotional decisions 15 timeless money principles that outperformed generations of “genius” investors:
40:30
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Charlie Munger built Berkshire Hathaway to $1.1 Trillion. He made $2.6 Billion for himself. Not by predicting stocks, but by avoiding • Stupidity • Bad incentives • Emotional decisions 15 timeless money principles that outperformed generations of “genius” investors:

Grey

83,248 views • 4 months ago

In 1998, Jamie Dimon got fired from Wall Street’s most powerful bank. But he went on to build JPMorgan into an $800B institution. His principles: • Fortress balance sheets • Stress-test the worst case • Incentives that punish stupidity 14 lessons from this masterclass:
59:17
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In 1998, Jamie Dimon got fired from Wall Street’s most powerful bank. But he went on to build JPMorgan into an $800B institution. His principles: • Fortress balance sheets • Stress-test the worst case • Incentives that punish stupidity 14 lessons from this masterclass:

Grey

54,865 views • 4 months ago

In 2025, Bill Ackman explained how he made billions by thinking differently about businesses. He talks about: • Why durability matters more than price • How royalty businesses compound forever • Why permanent capital saves investors 12 lessons from Ackman's masterclass:
38:42
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In 2025, Bill Ackman explained how he made billions by thinking differently about businesses. He talks about: • Why durability matters more than price • How royalty businesses compound forever • Why permanent capital saves investors 12 lessons from Ackman's masterclass:

Grey

39,846 views • 3 months ago

Bill Ackman explained how to invest like a billionaire in just 12 minutes:
12:36
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Bill Ackman explained how to invest like a billionaire in just 12 minutes:

Grey

69,674 views • 7 months ago

In 2024, Jeff Bezos gave a masterclass on how to build companies that outlive their founders. His frameworks: - No 'Safe' decisions - Disagree and commit - Wealth created for others 13 lessons that helped Jeff Bezos build a $2.3T+ wealth: 1) Make “far from cowardly” decisions.
47:33
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In 2024, Jeff Bezos gave a masterclass on how to build companies that outlive their founders. His frameworks: - No 'Safe' decisions - Disagree and commit - Wealth created for others 13 lessons that helped Jeff Bezos build a $2.3T+ wealth: 1) Make “far from cowardly” decisions.

Grey

29,608 views • 4 months ago

In 2017, Ray Dalio literally gave a 1-hour masterclass on principles & decision-making. He built the world's largest hedge fund from nothing. His frameworks: • Pain + reflection = progress • The 5 steps to success • Idea meritocracy 14 lessons on life and work:
1:04:03
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In 2017, Ray Dalio literally gave a 1-hour masterclass on principles & decision-making. He built the world's largest hedge fund from nothing. His frameworks: • Pain + reflection = progress • The 5 steps to success • Idea meritocracy 14 lessons on life and work:

Grey

20,314 views • 3 months ago

Between 2006–2018, Jeff Bezos’s wealth grew by $127 billion. His federal income tax bill? $1.4 billion total. That’s about 1% effective tax rate. Meanwhile, the average worker pays 20–30%.
1:38
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Between 2006–2018, Jeff Bezos’s wealth grew by $127 billion. His federal income tax bill? $1.4 billion total. That’s about 1% effective tax rate. Meanwhile, the average worker pays 20–30%.

Grey

36,411 views • 10 months ago

First rule: Never sell. Bezos and Musk don’t cash out stock. Their net worth grows on paper. Unrealized gains aren’t taxed. So their wealth explodes… but the IRS can’t touch it.
0:56
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First rule: Never sell. Bezos and Musk don’t cash out stock. Their net worth grows on paper. Unrealized gains aren’t taxed. So their wealth explodes… but the IRS can’t touch it.

Grey

32,154 views • 10 months ago

Jeff Bezos explained why ideas are worthless without relentless execution:
0:44
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Jeff Bezos explained why ideas are worthless without relentless execution:

Grey

21,646 views • 6 months ago