Roy Sebag and Jordan Peterson: The Natural Order of Money

The video by Jordan Peterson and Roy Sebag is about the natural order of money and how it is imbued with morality and the proper rhythms of the natural world. The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society. He also talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications. The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.

This video by Jordan B Peterson was published on Feb 9, 2023.
Video length: 01:55:01.

The video is about the concept of money and its role in the natural order of the world.

The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money. He also talks about his book, "The Natural Order of Money," which explores the various aspects of money, including its psychological, biological, economic, sociological, philosophical, and theological implications.

Sebag argues that money is a fundamental aspect of the natural world and that it is essential for individuals and societies to operate morally and align themselves with the proper rhythms of nature in order to be successful.

• Roy Sebag is an entrepreneur and businessman who has shaped his views on money and its role in society through his experiences.
• His book, "The Natural Order of Money," explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that money is imbued with morality and the proper rhythms of the natural world.
• He believes that to operate morally also means to align oneself with the proper rhythms of the natural world and to pay attention to the proper ratios of scarcity and their principles.
• The speaker believes that the probability of a successful mining endeavor is pretty much zero if the partners do not treat each other fairly and honestly.
• He argues that in order to come to some concordant grip with the vagaries of the natural world, there is an ethic that must be manifested.
• The speaker emphasizes the importance of understanding the natural order of money and how it is imbued with morality and the proper rhythms of the natural world.
• The speaker discusses the concept of value investing and how it has gone out of fashion but is now making a comeback.

The Natural Order of Money | Roy Sebag | EP 330 - YouTube

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that money is imbued with morality and the proper rhythms of the natural world.
• He believes that to operate morally also means to align oneself with the proper rhythms of the natural world and to pay attention to the proper ratios of scarcity and their principles.

Roy Sebag's Background

• Roy Sebag started his entrepreneurial career by buying and selling physical minds, such as iron, at the age of 25.
• He later got involved in investing in the mining industry and became a value investor in the Graham and Dodd method, which is the method espoused by Warren Buffett and other famous investors.
• He learned to investigate intrinsic value conceptually and sought to capitalize when the price in the market was at a discrepancy from that estimation.
• His experiences in finance and business have shaped his views on money and its role in society.

The Natural Order of Money

• The speaker argues that money is imbued with morality and the proper rhythms of the natural world.
• He believes that to operate morally also means to align oneself with the proper rhythms of the natural world and to pay attention to the proper ratios of scarcity and their principles.
• The speaker believes that the probability of a successful mining endeavor is pretty much zero if the partners do not treat each other fairly and honestly.
• He argues that in order to come to some concordant grip with the vagaries of the natural world, there is an ethic that must be manifested.
• The speaker believes that money is a lot more spiritual than we might conceive well, and that it is imbued with a sense of morality.

The Natural Order of Money | Roy Sebag | EP 330 - YouTube

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker discusses the importance of valuing time, and how this is done by estimating intrinsic value.
• He also talks about the dual nature of the stock market, with speculators and business owners having different perspectives on its value.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker emphasizes the importance of understanding the natural order of money and how it is imbued with morality and the proper rhythms of the natural world.

Value Investing

• The speaker discusses the concept of value investing and how it has gone out of fashion but is now making a comeback.
• He explains that value investing is the differential between the actual price and the assumed value of a stock, and that the performance of a value investor over the index is the key metric.
• The speaker emphasizes that value investing is not easy, and that it requires a deep understanding of the market and the ability to generate a return that a monkey throwing darts cannot.
• He also notes that value investing is not intellectually satisfying for some people, and that some mentors in the school of value investing believed that they didn't need to care about the economy at all.

Commodities vs. Stocks

• The speaker explains the difference between commodities and stocks, and how commodities are physical inputs used in production, while stocks are contracts that represent ownership in a corporation.
• He notes that stocks are more abstract forms of ownership, which allow for more distributed risk and a sense of timelessness.
• The speaker also discusses the psychology of investing in stocks, and how investors tend to assume that a stock will continue to go up if it has been moving up for a while.
• He emphasizes the importance of understanding the natural order of money and how it is imbued with morality and the proper rhythms of the natural world.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that money is imbued with morality and the proper rhythms of the natural world.
• He discusses the historical fact that none of the stocks in the Dow index have survived for 130 years, and that the index itself has become an idea and an object.

The Double Illusion

• The speaker discusses the double illusion of the Dow index, which is that the index value itself becomes an idea and an object.
• He argues that the value of the index has gone up over time, but the problem is that the index from 100 years ago was an entirely different group of stocks.
• The speaker discusses the costs associated with getting rid of some stocks, and how it is difficult to make an index that is large enough to overcome this problem statistically.
• He argues that going back to the switch from value investing to something else was necessary, as value investing was insufficient for understanding economics.
• The speaker discusses his interest in understanding how the economy works in and of itself, and how commodities were excluded from the value investing method.

The Periodic Table and Value

• The speaker discusses his fascination with the periodic table and the fact that it sounds like he was starting to become interested in basic philosophical notions of value.
• He argues that the periodic table is a representation of the natural order of elements, and that it can be used to understand the natural order of money.
• The speaker discusses his career being driven in large part by an investigation into value, and how this investigation led him to become interested in the idea of value abstractly.
• He argues that the concept of value is dynamic and shifts and changes over time, and that it is driven by human interaction.
• The speaker discusses his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that there is an inherent relationship between human subjectivity and the objective structure of the world, and that this relationship is fundamental to our understanding of money.
• He believes that there is objective truth about commodities, which are at the heart of all human activity and cooperation, but that the methods of trading these commodities are often seen as inferior or elitist.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker explains that money is imbued with morality and the proper rhythms of the natural world.
• He discusses the concept of a call option, which is a financial instrument that allows a buyer to purchase an asset at a predetermined price in the future.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker discusses the concept of crustal abundance, which is the average rate at which an element exists in the Earth's crust, and how it can be used to infer comparative rarity.
• He also talks about the periodic table of the elements and how all elements are not equally distributed, but relatively equally distributed on a continent or nation basis.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that there is a natural right to money, which is imbued with morality and the proper rhythms of the natural world.
• He believes that people have gravitated towards gold and silver and bronze often due to their practical and conceptual ties to the system of abstract value.

The Natural Right to Money

• The speaker argues that there is a natural right to money, which is imbued with morality and the proper rhythms of the natural world.
• He believes that people have gravitated towards gold and silver and bronze often due to their practical and conceptual ties to the system of abstract value.
• The speaker sees money as a kind of natural order, a natural right that is limited by the natural reason why people recognize the value of different commodities.
• He believes that there was no notion of abstract value in the past, but rather people recognized the intrinsic value of different commodities.
• The speaker sees money as a balance scale that weighs the weight of different commodities and eventually becomes the de facto measure for all the other things.

Metallic Money

• The speaker argues that every civilization that deserves the name would have had a metal as money and a monetary unit which had a weight.
• He believes that gold is an exemplar quality of an element, and that its use as money is a reflection of its value.
• The speaker sees the start of the New Year as a good time to start building a habit of prayer.
• He recommends the use of an app called Hallow, which helps maintain a daily prayer routine and includes studies, meditations, and reflections.
• The speaker believes that value investing in relationships is important, and that this informs his decision to focus more particularly on gold.

Investing in Minds

• The speaker discusses his experience analyzing Minds and how he learned which Minds to invest in.
• He believes that the material wealth embodied in the mind is worth owning, even if it is not necessarily clear how it would be permitted.
• The speaker feels that over time the communities would work out the issues related to the value of the world's intrinsic values.
• He believes that the market, which is the regulatory environment, senses which converge on an appreciation of the value.
• The speaker sees the value of the world's intrinsic values as a perspective that is important to consider.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman, and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• Sebag argues that with coal, the argument isn't so clear because coal is a great source of energy in terms of its energy density and the UK having a lot of coal nearby.
• With metals like copper, nickel, and gold, it's easier to make an estimation of the amount of resources needed to meet the demand, but with uranium, it's more complex because it needs to be enriched into U208 or whatever.

The Mystery of Gold

• Sebag discusses the pre-given set of elements and metals that have been used since time immemorial, and the moral significance of these elements.
• He identifies the beginning of the use of these elements in museums and archaeological discoveries, and the ability to craft wonderful objects from them.
• Sebag becomes fascinated with gold and also invests in gold mines, moving to Toronto, Canada, where the world's most important financial market for mining is located.
• He learns a lot about mining and investing in Canada, but realizes how hard it is to make a profit in mining.
• Sebag yearns for the days of value investing and realizes that it's cheaper to buy and hold gold than to try to get it out of the ground.

The Natural Order of Money

• The speaker, Roy Sebag, discusses his background as an entrepreneur and businessman and how his experiences have shaped his views on money and its role in society.
• He talks about his book, "The Natural Order of Money," which explores the concept of money and its potential biological implications.
• The video covers all the bases, including economics, sociology, philosophy, and theology, and aims to provide a comprehensive understanding of the topic.
• The speaker argues that money has to be rooted in nature and that it has to be one of the right now that puts you at odds with most modern economists and value investors.
• He explains that the study of Economics becomes denaturalized with people like Mill saying that the whole purpose of our activities to conquer nature and figures such as Stanley G Vons who began to postulate that every exchange of goods and services is just a ratio of two numbers.

The Natural Order of Money

• The natural order of money is based on the principles of the natural world and is meant to let nature take its course.
• The importance of the farmer is key in a natural economy.
• The excess sheep that are produced can be sold to purchase more land, which allows for expansion of farming activity.
• The land and work that a farmer does guarantees a kind of material abundance from which they can sustain themselves, but in most cases they will have a surplus which can be traded for things they don't produce.
• The economy was always viewed as broken into two classes: the productive class and the unproductive class, with no mutual hostility or elite versus inferior aristocracy.

The Real Economy versus the Service Economy

• The real economy is characterized by direct interactions with non-human nature.
• The service economy is characterized by financial transactions that are dependent on social relations.
• The service economy is not sustainable or counterproductive if it does not reflect the natural order.
• The service economy can be parasitic and exhausting if it does not reflect the natural order.
• The service economy can be measured in the same way as the real economy, with commodities being the measure.

Commodities as a Common Measure and Reward

• Commodities can act as a proxy for one another.
• Gold is often considered the essence of the idea of commodity itself.
• Gold is not more important than other commodities, but it is a reliable measure.
• Gold has a sense of difficulty and proof of work, which is similar to Bitcoin.
• Commodities have attributes that determine their value and reliability.

The Diamond Water Paradox

• In a subsistence society, people choose the most practical measure, such as water.
• In a post-subsistence society, everything is exchanged for everything else.
• In a post-subsistence society, people still have the option to revert back to subsistence.
• People can pull out of the economy and go back to the land, which is more rewarding but harder.
• The morality that comes with the process of reversion to subsistence is infused.

The Natural Properties of Gold

• Gold has the property of outlasting time and retaining its material existence without change over time.
• Gold has a sense of difficulty and proof of work, which is similar to Bitcoin.
• Gold is considered a reliable storehouse of value or a reliable measure that never changes.
• Gold is always an inch, meaning it is always constant.
• Gold is considered the essence of the idea of commodity itself.

The Natural Order of Money

• Gold is not a right-wing or conservative thing.
• Gold is an element on the periodic table and part of nature itself.
• Gold is used in art, cell phones, and many other applications.
• Gold is rare and outlasts everything else, making it a measure of reward for everything else.
• Gold was a standard of value in many societies, including Mesopotamia, Hebrew Bible, and King Solomon's kingdom.

The Importance of Weighing in Economics

• Weighing is a measure of comparison of one thing to another.
• Before the invention of coins, people would weigh metal and other commodities to determine their value.
• Weighing is not just about number, but also about weight and comparison.
• The idea of giving something of value in return for a product or service is not always true.
• The concept of weighing is important in economics and economic history.

The Role of Jewelry in Expressing Value

• Jewelry is a way to express something that essentially wraps a moment in time or memory.
• Jewelry is portable, hidable, and memorable.
• Jewelry is a token that wraps some kind of event that is fleeting.
• Gold is a perfect element that is incommensurably with other elements.
• Jewelry is a way to express value in a way that is not subject to decay or transitoriness.

The Natural Order of Money

• The Alchemists regarded gold as noble because it did not make promiscuously with other metals.
• Gold's lack of proclivity to alloy or to the road makes it permanent.
• Precious stones have a perfection to them which is the absolute regulatory regulation of their crystalline structure.
• The fact of that regularity allows them to reflect light and has a spiritual element because reflecting light means being illuminated.
• There is a mythological parallel between the molecular or atomic structure of gold and precious jewels.

The Rarity of Gems

• Gems are compounds of elements, such as oxides, and are not as rare as people think.
• Diamonds are not as rare as people think because they can be produced by compressing carbon.
• Isaac Newton was obsessed with Alchemy and tried to transmute other elements into gold.
• Newton recognized that this was not possible and became the master of the mint of the bank of England in 1694.
• Newton established a gold standard, which made him a good candidate for someone who was establishing the foundations of the monetary system.

Watch the video on YouTube:
The Natural Order of Money | Roy Sebag | EP 330 - YouTube