Clock Speed with Shamus Madan
Join Shamus Madan as he interviews industry leaders like Mark Cuban and Tim Draper, sharing insights on building billion-dollar businesses to inspire the next generation of entrepreneurs.
SolarWinds Hacked, Billionaire's Strategies to Make More Money
In this episode, Shamus Madan delves into the SolarWinds hack and Microsoft's cybersecurity measures. He further explores Warren Buffett's wealth-building strategies and concludes with a lesson on understanding opportunity cost.
Key Points
- The SolarWinds cyberattack, believed to be perpetrated by Russians, compromised multiple US government agencies and businesses, emphasizing the need for a broad and vigilant cybersecurity strategy.
- Warren Buffett attributes his financial success to starting young with savings and investments, emphasizing the power of knowledge, distinguishing needs from wants, and the importance of continuous learning in making informed financial decisions.
- Understanding opportunity cost is crucial for financial decision-making, as it represents the potential benefits an individual misses out on when choosing one alternative over another.
Story #1: The security company SolarWinds was hacked rumors are through a foreign agency. In this cyberattack multiple US agencies and businesses were infiltrated. What could this attack on SolarWinds foreshadow for the future of cybersecurity?
Story #2: Warren Buffett has some strategies for teaching kids about money. And learn how you could make some better financial decisions.
Chapters
| 0:00 | |
| 0:34 | |
| 1:40 | |
| 2:41 | |
| 4:52 | |
| 5:15 |
Transcript
Loading transcript...
- / -