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FAD - an intense and widely shared enthusiasm for something, especially one that is short-lived; a craze.
There are no definitions specified in this episode 🙂
Start up costs - start up costs are all the non-recurring costs involved in setting up your business - no matter how much of a success or failure your business is, you can't get these costs back.
Commerce - the activity of buying and selling, especially on a large scale.
Secured loan - money you borrow secured against an asset you own, usually your home.
Equity - the value that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debts were paid off.
Broker - a person who buys and sells goods or assets for others.
Tangible - real and not imaginary; able to be shown, touched, or experienced.
Incremental - an increase or addition, especially one of a series on a fixed scale.
Elon Musk - a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX, and angel investor, CEO and product architect of Tesla, Inc.
Tesla - an American multinational automotive and clean energy company. Elon Musk is CEO.
Financial conduct authority - regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.
El Salvador - a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean.
Market cap - refers to the total value of all a company's shares of stock.
Actuary - a person who compiles and analyses statistics and uses them to calculate insurance risks and premiums.
Publicly listed company - a company that can be listed on a stock exchange (listed company), which facilitates the trade of shares.
Warren Buffet - an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway and one of the most successful investors in the world. He has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person to date.
Robinhood investors - retail investors using the trading platform Robinhood, a commission-free trading app that is geared toward millennial investors.
Pandemic - a disease prevalent over a whole country or the world.
Due diligence - a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.
Macro-economics - macroeconomics is a branch of economics dealing with performance, structure, behaviour, and decision-making of an economy as a whole.
FAD - an intense and widely shared enthusiasm for something, especially one that is short-lived; a craze.