Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing

Mellody Hobson

👤 Person
580 total appearances

Appearances Over Time

Podcast Appearances

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

When this businessman was traveling in New York and he forgot his wallet. He had dinner. Right. And he didn't have any money and he ultimately invented what was called the diner's card for dining. It was originally cardboard, not plastic, even though we call credit cards plastic. Right. But that wasn't really the first credit card.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

When this businessman was traveling in New York and he forgot his wallet. He had dinner. Right. And he didn't have any money and he ultimately invented what was called the diner's card for dining. It was originally cardboard, not plastic, even though we call credit cards plastic. Right. But that wasn't really the first credit card.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

The first credit card was a knight's ring from a thousand years ago. I know. Who would have ever? They used signet rings to pay for things because the king or queen did not want the knights on the road where they could be robbed. And as a result of that, they gave the knight a signet ring. The knight would stay at an inn or go to a pub and then put their ring in the wax seal.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

The first credit card was a knight's ring from a thousand years ago. I know. Who would have ever? They used signet rings to pay for things because the king or queen did not want the knights on the road where they could be robbed. And as a result of that, they gave the knight a signet ring. The knight would stay at an inn or go to a pub and then put their ring in the wax seal.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

The first credit card was a knight's ring from a thousand years ago. I know. Who would have ever? They used signet rings to pay for things because the king or queen did not want the knights on the road where they could be robbed. And as a result of that, they gave the knight a signet ring. The knight would stay at an inn or go to a pub and then put their ring in the wax seal.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And then the innkeeper or the pub keeper would take the bill to the castle and get paid. So when I was reading this, I was like, did you know that already? Or did you research it? I didn't know that one, but there were a lot of things I did know, like bull and bear. That's one of my favorite facts. Why do they call it bull and bear markets when I started to work in the investment business?

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And then the innkeeper or the pub keeper would take the bill to the castle and get paid. So when I was reading this, I was like, did you know that already? Or did you research it? I didn't know that one, but there were a lot of things I did know, like bull and bear. That's one of my favorite facts. Why do they call it bull and bear markets when I started to work in the investment business?

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And then the innkeeper or the pub keeper would take the bill to the castle and get paid. So when I was reading this, I was like, did you know that already? Or did you research it? I didn't know that one, but there were a lot of things I did know, like bull and bear. That's one of my favorite facts. Why do they call it bull and bear markets when I started to work in the investment business?

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And very early on, after doing lots of research, because I wanted to know, the best answer I got was it had to do with how they kill their prey. That when a bull kills its prey, it takes its horns and it pulls up. And when a bear kills its prey, it runs and bears down on the prey. So stock market going up as a bull market, stock market going down as a bear market.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And very early on, after doing lots of research, because I wanted to know, the best answer I got was it had to do with how they kill their prey. That when a bull kills its prey, it takes its horns and it pulls up. And when a bear kills its prey, it runs and bears down on the prey. So stock market going up as a bull market, stock market going down as a bear market.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And very early on, after doing lots of research, because I wanted to know, the best answer I got was it had to do with how they kill their prey. That when a bull kills its prey, it takes its horns and it pulls up. And when a bear kills its prey, it runs and bears down on the prey. So stock market going up as a bull market, stock market going down as a bear market.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

That is something I knew, for example. And there were a lot of other facts in the book that I knew. I didn't know that when I read that. I knew Wall Street was because of where Alexander Hamilton lived. Now, a lot of people know that fact today because of the show Hamilton. The play, yeah.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

That is something I knew, for example. And there were a lot of other facts in the book that I knew. I didn't know that when I read that. I knew Wall Street was because of where Alexander Hamilton lived. Now, a lot of people know that fact today because of the show Hamilton. The play, yeah.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

That is something I knew, for example. And there were a lot of other facts in the book that I knew. I didn't know that when I read that. I knew Wall Street was because of where Alexander Hamilton lived. Now, a lot of people know that fact today because of the show Hamilton. The play, yeah.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

So the first thing is that their lack of willingness to talk about it basically means that they pass on all of their money habits. So whatever they do, the child is actually just acclimating themselves to the same behavior. Then you can't break the cycle. There's not that 10-year-old melody saying, I don't want to do this. So you can't expect a child to do that. That's number one, that in not...

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

So the first thing is that their lack of willingness to talk about it basically means that they pass on all of their money habits. So whatever they do, the child is actually just acclimating themselves to the same behavior. Then you can't break the cycle. There's not that 10-year-old melody saying, I don't want to do this. So you can't expect a child to do that. That's number one, that in not...

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

So the first thing is that their lack of willingness to talk about it basically means that they pass on all of their money habits. So whatever they do, the child is actually just acclimating themselves to the same behavior. Then you can't break the cycle. There's not that 10-year-old melody saying, I don't want to do this. So you can't expect a child to do that. That's number one, that in not...

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

dealing with money, they are de facto teaching their children everything that they do. So if you pay the minimum payment, your child's going to do that. If you overspend, your child will spend. These are things that we know for sure. The second thing is shielding their children from money. This is where I give my mother a lot of credit.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

dealing with money, they are de facto teaching their children everything that they do. So if you pay the minimum payment, your child's going to do that. If you overspend, your child will spend. These are things that we know for sure. The second thing is shielding their children from money. This is where I give my mother a lot of credit.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

dealing with money, they are de facto teaching their children everything that they do. So if you pay the minimum payment, your child's going to do that. If you overspend, your child will spend. These are things that we know for sure. The second thing is shielding their children from money. This is where I give my mother a lot of credit.