Researchers have found that identical twins who have been separated for long periods of time actually invest in a similar manner. Biology really does affect how we spend money.
Kabir SehgalMoney numbs your senses. People who touched paper money and then placed their hands in hot burning water didn't feel as much pain as those who hadn't touched money.
Kabir SehgalAlbert Murray's The Omni-Americans is the most valuable non-business book because it discusses how you have to draw upon everyone's creativity. America is a mash-up of cultures and traditions, and great businesses know how to tap the strengths of all their employees, whatever their background may be.
Kabir SehgalJust the idea of making money can increase your skin conductancy, meaning there's a current of excitement.
Kabir SehgalOn a biological level, the brain registers money as something valuable - even a dollar bill which has no intrinsic value, it's just paper.
Kabir SehgalAfter Hurricane Katrina, I wanted to go back to New Orleans to help musicians return to the city. But Andrew Young advised me, "If you want to help people, go work at an investment bank." His contrarian advice opened my eyes to the importance of capital. "Learn how to make some money before you give it away." I learned that you can bring about good in the world especially if you have a paycheck.
Kabir Sehgal