Where Are We Heading?

Where Are We Heading?

In this episode, we explore what it means to invest in a non-ergodic world—where time, not averages, determines outcomes. We unpack concepts like volatility drag, ensemble vs. time averages, and the implications for portfolio strategy, while also reflecting on how AI and zero-click search are reshaping business and investor behavior.

Topics covered include:

  • What is ergodicity and why it matters
  • How path dependency and emerging phenomena disrupt the long-term
  • How podcasting and blogging has changed
  • What is the future of Money for the Rest of Us


Episode Sponsors

NetSuite

LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter

Our Premium Products

Asset Camp

Money for the Rest of Us Plus

Show Notes

Wayback Machine: jdstein.com

Probabilities and Payoffs: The Practicalities and Psychology of Expected Value by Michael J. Mauboussin and Dan Callahan, CFA—Morgan Stanley

The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb—Penguin Random House

The 60% Problem — How AI Search Is Draining Your Traffic by Tor Constantino, MBA—Forbes

Hollywood Is Cranking Out Original Movies. Audiences Aren’t Showing Up. by Ben Fritz—The Wall Street Journal

How Late Night TV Is Downsizing by Alex Weprin and Rick Porter—The Hollywood Reporter

‘Severance’ Surpasses ‘Ted Lasso’ To Become Apple TV+’s Most Watched Series With Season 2 Launch by Nellie Andreeva—Deadline

List of most watched television broadcasts in the United States—Wikipedia

Tao te Ching by Lao Tzu (Author), Marc Mullinax (Translator)—fortress press

Why AI Might Not Take All Our Jobs—If We Act Quickly by Justin Lahart—The Wall Street Journal

Elon Musk and the Dangerous Myth of Omnigenius by Gautam Mukunda—Bloomberg

Related Episodes

492: The Power of Optionality: Small Bets, Big Payoffs

484: 7 Steps to Living a Longer Life

482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity



See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jaksot(571)

The Power of Optionality: Small Bets, Big Payoffs

The Power of Optionality: Small Bets, Big Payoffs

In this episode, we explore the concept of optionality—how small, strategic decisions can lead to outsized rewards with limited downside risk. From ancient philosophy to modern financial strategies, d...

4 Syys 202422min

The Five Layers of Investing - Which Layers Is Your Portfolio Allocated?

The Five Layers of Investing - Which Layers Is Your Portfolio Allocated?

In Episode 491, we explore the five layers of investing, including which assets fit into each layer, and give examples of advertisements targeting each layer.The five layers are:1. Short-term trading2...

28 Elo 202431min

Should You Invest in Private Equity?

Should You Invest in Private Equity?

How do buyouts, venture capital, and growth equity work? Has private equity outperformed the stock market, and can individual investors pursue these investment strategies?Topics covered include:How ar...

21 Elo 202428min

Making Better Investment and Life Decisions - Episode 203 Remastered

Making Better Investment and Life Decisions - Episode 203 Remastered

This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.Topics covered include:What is the difference between chess and poker.Why ...

14 Elo 202423min

Why the Market Has Sold Off and What Should You Do

Why the Market Has Sold Off and What Should You Do

In episode 489, we examine three factors that contributed to this week's big stock market declines, analyze whether a recession is imminent, and review David's recent portfolio changes.Topics covered ...

7 Elo 202427min

Should You Invest in an Ethereum ETF?

Should You Invest in an Ethereum ETF?

What is the investment case for Ethereum, and what are the risks? A straightforward review of what ether and Ethereum are, how they work, and what it will take for the Ethereum blockchain to be succes...

31 Heinä 202427min

Are We Heading for a 2030s Depression? - Understanding Global Economic and Population Shifts

Are We Heading for a 2030s Depression? - Understanding Global Economic and Population Shifts

What we can monitor and do now in preparation for a 2030s depression, which may or may not arrive.Topics covered include:Why ITR Economics has been predicting a 2030s depression for over a decade.What...

24 Heinä 202428min

How Retail Traders Lose Big While Enriching Wall Street

How Retail Traders Lose Big While Enriching Wall Street

Gambling in the stock market is increasing, with most traders losing money while generating billions of dollars per year for brokerages and wholesalers. Will all this trading lead to big market swoons...

17 Heinä 202422min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-rahamania
herrasmieshakkerit
ostan-asuntoja-podcast
rss-lahtijat
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-sisalto-kuntoon
inderespodi
leadcast
rss-laakispodi
rss-seuraava-potilas
timanttia-hiomassa
rss-juurisyy-johtamisesta-kilpailuetua
rss-vaikuttavan-opettajan-vierella
rss-porssipodi
rss-johtoajatuksia