Guy Kawasaki's Remarkable People Fixing a Broken Money System with Tarun Ramadorai
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Mar 4, 2026 Tarun Ramadorai, a finance professor and co-author of Fixed, explains why personal finance feels broken and often favors firms over people. He discusses cognitive traps, how markets exploit biases, the case for low‑cost index funds and emergency savings, mortgage and retirement system flaws, crypto hype versus blockchain, and when regulation should force fixes.
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Capitalism Can Be Corrupted In Personal Finance
- Markets can supply what consumers want rather than what they need, so capitalism gets 'corrupted' in personal finance.
- Tarun argues firms exploit behavioural biases and demand distortions to sell products that aren't in buyers' best interests.
Denmark Lets Borrowers Refinance And Port Mortgages
- Denmark's mortgage market allows refinancing even for delinquent borrowers and supports portability when moving houses.
- Tarun contrasts this with the US where credit checks block refinancing and poor portability locks people into old mortgages.
Build A Three Month Emergency Cushion
- Keep emergency savings equal to at least three months of routine expenditures.
- Tarun cites cross-country data: about half of US households lack this; in South Africa 90% lack three months.
