Financial Freedom - Owning your Time; and What is Not Investing - | E5

In this episode, Maximilian draws sharp lines between investing, speculation, and gambling, using concrete examples like roulette odds, rental apartments, and an Investment in the Coca-Cola company to show what actually creates value and what only relies on price movements. He explains why cash flow, expected value, and assets that “produce something” matter more than short-term price movements, and why many things people call investments are simply costs. The conversation builds toward a practical idea of financial independence: small, repeatable steps that buy back time, hours per week, forever rather than chasing quick wins.This podcast is for educational purposes only and does not constitute investment advice. The hosts may hold positions in assets mentioned. Examples reflect conditions at the time of recording.Meditations of an Investor with Maximilian Zumtobel and Julius T. Geiger.