Unintended Consequences Impact Everything
We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time.Topics covered include:What leads ...
24 Aug 202224min
When Should You Hire An Investment Advisor? Two Case Studies
We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire ...
17 Aug 202229min
How To Invest Based on Cycles
This episode edits and remasters two earlier episodes on investing based on cycles to focus on timeless investing principles.Topics covered include:What are different types of cyclesWhy do cycles have...
10 Aug 202237min
Forsage and Herbalife—How Multi-Level Marketing, Pyramid Schemes, and Ponzi Schemes Differ
Why it is challenging to distinguish a legitimate multi-level marketing company from a pyramid scheme as hedge fund billionaire Bill Ackman found out in his losing campaign against Herbalife. How Fors...
3 Aug 202223min
How Population Trends Will Impact Growth, Inflation, Investing, and Well Being
How slowing population growth and an eventual population peak will lead to competition for foreign workers, potentially higher inflation, and ultimately the need to transition to a steady-state econom...
27 Juli 202227min
How To Get Better At Risk Taking
Five ways we can better take and manage risk.Topics covered include:How likely is it that China will invade Taiwan and the stock market will fall 80%Why experts tend to be humble and don't make specif...
20 Juli 202227min
What Happens If Your Brokerage Firm Goes Bankrupt?
How protected are you if the brokerage firm where you hold your stocks, bonds, and crypto assets files for bankruptcy? Why you shouldn't store your crypto assets with an online broker.Topics covered i...
13 Juli 202224min
Part 2 - What Is Money and How To Think About It
David and his son Camden conclude their conversation about money.Topics covered include:A review of money principles discussed in Part 1How money is createdHow money is energyWhy bank runs occurHow cr...
6 Juli 202237min
