Cover image of Money For the Rest of Us
(985)

Rank #35 in Investing category

Business
Investing

Money For the Rest of Us

Updated 2 months ago

Rank #35 in Investing category

Business
Investing
Read more

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

Read more

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

iTunes Ratings

985 Ratings
Average Ratings
767
83
52
36
47

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!

iTunes Ratings

985 Ratings
Average Ratings
767
83
52
36
47

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!
Cover image of Money For the Rest of Us

Money For the Rest of Us

Latest release on Aug 12, 2020

Read more

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

Rank #1: Investing Won't Make You Rich

Podcast cover
Read more

#119 The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth?

Aug 10 2016

26mins

Play

Rank #2: How To Become Wealthy

Podcast cover
Read more

The three-step plan for becoming financially wealthy and how to be wealthy without the money.

In this episode you’ll learn:

  • The results of two recent surveys on wealth, investing and retirement planning.
  • How much money do people believe they need to consider themselves wealthy.
  • How is wealth distributed across the U.S. population and how wealthy are Americans?
  • Why you need a simple financial plan.
  • What are the three steps to becoming financially wealthy.
  • How to live like you are already wealthy.


Thanks to WIX and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:16] Schwab and Stash survey results.
  • [2:49] Saving vs. living paycheck to paycheck.
  • [4:29] How much does one need to be considered wealthy?
  • [7:44] The value of social security.
  • [9:23] The historical distribution of the country’s overall wealth.
  • [11:33] The importance of having a plan.
  • [13:38] Step One: increase your income.
  • [15:10] Step Two: increase your savings percentage.
  • [16:44] Step Three: increase your investment returns.
  • [23:57] It’s not about optimization. It’s about diversifying and learning.
  • [25:20] How to live like you are wealthy today.

May 15 2019

27mins

Play

Rank #3: Was Tulipmania Just Like Bitcoin?

Podcast cover
Read more

#182 What caused tulip mania in the 17th century in the Netherlands and how is it similar to Bitcoin?

Nov 22 2017

28mins

Play

Rank #4: Where Should You Invest Your Cash Savings?

Podcast cover
Read more

#220 How to evaluate cash savings options at banks, credit unions and brokerage firms. Why are yields on cash savings so much higher than a few years ago. How to tell if your bank or credit union is in experiencing financial difficulties. Thank you to Blinkist for sponsoring this week's episode.

For show notes and more information on this episode click here.

  • [0:10] All about banks, credit unions, and the pros and cons of cash savings
  • [4:47] How can banks and credit unions become financially unstable?
  • [14:25] The Federal Reserve is setting a new short term interest rate target
  • [15:55] What tools does the Federal Reserve have to keep short-term interest rates in line with its target?
  • [19:20] There are other options for investing your cash savings
  • [25:49] Is it really worth pursuing multiple investing options for your cash savings?

Sep 05 2018

27mins

Play

Rank #5: Why You Should Care About the Economy

Podcast cover
Read more

#6 Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so you can influence the quality of economic growth and its impact on the Earth's limited resources. Show notes at https://moneyfortherestofus.com/mny006-care-about-economy/

May 30 2014

24mins

Play

Rank #6: Is There Too Much Savings?

Podcast cover
Read more

#128 How holding onto goods longer before replacing them and a global savings glut impact the economy, interest rates and stock returns.

Oct 12 2016

27mins

Play

Rank #7: How To Get Financially Unstuck

Podcast cover
Read more

#115 Why we can't not invest due to fear and uncertainty. Plus how to tell if the stock market is overvalued and what to do about it. To get the U.S. stock market valuation charts, text the word "charts" to 44222

Jul 13 2016

31mins

Play

Rank #8: It's Just Money

Podcast cover
Read more

#134 Why we should be indifferent toward money and what are the risks of a dollar shortage.

Nov 23 2016

25mins

Play

Rank #9: How To Be A Minimalist Investor

Podcast cover
Read more

#111 How to be a minimalist both in life and investing. To get the Portfolio Charts summary sheet, text the word PORTFOLIOS to 44222. Show notes at http://moneyfortherestofus.net/mny111-minimalist-investor/

Jun 08 2016

27mins

Play

Rank #10: Do You Have Enough To Retire?

Podcast cover
Read more

#149 How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer.

Mar 15 2017

30mins

Play

Rank #11: Four Investment Lessons From Warren Buffett

Podcast cover
Read more

#194 Four investment lessons from Berkshire Hathaway's fiscal year 2017 Shareholder Letter with additional insights from Howard Marks and Seth Klarman. More information, including show notes, can be found here.

Episode Summary

Every year, Berkshire Hathaway releases a letter written for their shareholders filled with information on their performance, portfolios, and investments. On this episode of Money For the Rest of Us, David digs into the 2017 letter and discusses four investment lessons Warren Buffet shares. It’s filled with great insights that any independent investor shouldn’t miss, so be sure to check out this informative episode.

Investment Lesson #1 – Use debt prudently

Buffett writes in this letter, “Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. ‘Risk’ is the possibility that this objective won’t be attained.” On this episode of Money For the Rest of Us, David encourages his listeners to utilize debt in such a way that maximizes future opportunities while also managing the risk that comes with taking on debt. He discusses the idea of “float” money, how one investor could have avoided losing half of his portfolio, how to manage margin calls, and why you have to be confident in your decisions as an independent investor.

Investment Lesson #2 – Keep your eyes open and focus on a few fundamentals

It takes patience, but independent investors can focus on the leading edge of the present and invest in ways that major corporations may not be able to do. One must simply be aware of the opportunities that are occurring right now as well as focus on a few fundamentals: valuations, economic trends, portfolio drivers, asset classes, etc. David quotes Buffet on this episode and explains that “Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential.”

Investment Lesson #3 – Stick with easy decisions and avoid excessive trading

Unfortunately, trying to outsmart the market can lead to short-term gains but longer-term mediocrity in investing. David outlines a bet that Warren Buffett made with Protégé Partners and how Buffett learned that sticking with the big, easy decisions often pays off more than getting caught up in the minutia of constantly buying and selling. By making infrequent, larger decisions an independent investor can make better progress in their portfolio.

Investment Lesson #4 – Be willing to be early and look foolish

Investing is never a guaranteed game. All investors have a fear of looking foolish after making a decision, but Buffett explains that “A willingness to look unimaginative for a sustained period – or even to look foolish – is essential.” David talks about the importance of gaining experience, not becoming caught up in the crowd mentality, and understanding that the “dust never settles” when it comes to finances. There will always be risks to take, and timing can be unpredictable. But with considerable risk comes comfortable reward. For more great information on the 2017 Berkshire Hathaway Shareholder Letter, be sure to listen to this episode of Money For the Rest of Us.

Episode Chronology

[0:46] David introduces the topic for this episode, Four Investment Lessons from Warren Buffett

[2:15] Lesson #1 – Use debt prudently

[12:46] Lesson #2 – Keep your eyes open and focus on a few fundamentals

[17:17] Lesson #3 – Stick with easy decisions and avoid excessive trading

[24:00] Lesson #4 – Be willing to be early and look foolish

Feb 28 2018

33mins

Play

Rank #12: 10 Questions To Master Successful Investing

Podcast cover
Read more

What are the timeless principles we can follow in order to become better investors. 

Topics covered in this episode include:

  • How a book's permanence makes it different from a podcast.
  • How David's book got written and published and why his publisher just recalled the hardcover version of the book.
  • What are the 10 questions we should answer before we invest in anything.


Thanks to NetSuite and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:20] How David decided to write a book.
  • [3:00?] The right book can change your life.
  • [4:20] The art of writing a book.
  • [7:00] The extensive process of writing a book.
  • [9:57] Recording the audiobook.
  • [11:32] Question 1: What is it?
  • [13:36] Question 2: Is it investing, speculating, or gambling?
  • [14:32] Question 3: What is the upside?
  • [15:54] Question 4: What is the downside?
  • [16:42] Question 5: Who is on the other side of the trade?
  • [18:06] Question 6: What is the investment vehicle?
  • [18:58] Question 7: What does it take to be successful?
  • [20:20] Question 8: Who is getting a cut?
  • [21:03] Question 9: How does it impact your portfolio?
  • [22:05] Question 10: Should you invest?
  • [23:06] What happened to the book launch

Oct 23 2019

26mins

Play

Rank #13: Please Save More

Podcast cover
Read more

#83 Why individuals need to save more for retirement and how to figure out how much more you should save. Show notes at: http://moneyfortherestofus.net/mny083-please-save/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Nov 18 2015

29mins

Play

Rank #14: How Worried Should You Be About the National Debt?

Podcast cover
Read more

#106 Why some nations are at risk of default on their national debt and others are not. Plus why the U.S. national debt will never be repaid. Show notes at http://moneyfortherestofus.net/mny106-national-debt/

May 04 2016

33mins

Play

Rank #15: Four Forces That Will Shape the Next Decade

Podcast cover
Read more

How climate change, money, trust and technology will interact to impact financial markets and the economy in the coming decade.

Topics covered include:

  • Why we change much more over a decade's time than we predict.
  • What is the best approach for transitioning to a new career.
  • What have stocks and bonds returned over the past decade and what are reasonable return expectations for the decade ahead.
  • Examples of how the impact of climate change is being priced into financial transactions.
  • Why Ray Dalio thinks the world has gone mad and the system is broken.
  • Why uncertainties regarding the creation, use and borrowing of money will be reflected in interest rates.
  • How trust and technology will impact global trade and productivity growth.


Thanks to Cove and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

Dec 18 2019

22mins

Play

Rank #16: Is The Economy Really Doing That Poorly?

Podcast cover
Read more

#125 How to thrive in an ever changing, increasingly complex economy.

Sep 21 2016

28mins

Play

Rank #17: Should You Invest In Individual Stocks?

Podcast cover
Read more

#3 Why investing in individual stocks can be so intoxicating and dangerous. What you should know before you try. Show notes at https://moneyfortherestofus.com/should-you-invest-in-individual-stocks-003/

May 18 2014

25mins

Play

Rank #18: The Universal Law You Need To Overcome To Thrive

Podcast cover
Read more

#141 How to overcome the second law of thermodynamics in investing and living.

Jan 18 2017

25mins

Play

Rank #19: Should You Buy A Vacation Home?

Podcast cover
Read more

#130 How changes in financial circumstances, property markets, zoning rules and personal taste can make owning an illiquid vacation property a risky proposition, but why we bought our dream place anyway (and then sold it).

Oct 26 2016

22mins

Play

Rank #20: Investing Rules of Thumb

Podcast cover
Read more

#34 Why simple investment rules are more accurate than complex formulas. Show notes at http://moneyfortherestofus.net/mny034-rules-of-thumb/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Dec 10 2014

29mins

Play

Investments to Fight Financial Repression

Podcast cover
Read more

What are some investments that can generate a cash yield greater than inflation in an era when central bank policies keep government bond yields lower than the inflation rate.

Topics covered include:

  • How low are interest rates around the world
  • What have inflation rates been and what causes inflation and deflation
  • What is financial repression
  • Why are central banks keeping short-term interest rates so low
  • What determines interest rates
  • How I-bonds work
  • Why active bond mutual funds can be helpful
  • The pros and cons of preferred stock
  • How to harvest the volatility risk premium
  • How dividend-paying stocks can help fight financial repression


Thanks to NetSuite for sponsoring the episode.

Aug 12 2020

20mins

Play

Coins and Cash: Shortages, Hoardings, and Threats

Podcast cover
Read more

What is the cause of the current U.S. coin shortage and when have there been other shortages. Why is there a push to get rid of both the penny and the hundred dollar bill.

Topics covered include:

  • How many coins does the U.S. Mint produce each year and why hasn't it been enough to avert a coin shortage in 2020.
  • How the U.S. coin shortage in the early 1960s differs from today.
  • How much profit does the U.S. Mint make producing coins even though it loses money minting both pennies and nickels.
  • How often and under what circumstances do U.S. consumers pay with cash.
  • Why the U.S. penny should be discontinued.
  • Why companies and individuals are hoarding cash, mostly in one hundred dollar bills.
  • Why the existence of one hundred dollar bills would impede the effectiveness of negative interest rates in the U.S.
  • Why has the U.S. mint sold 300% more ounces of gold coins in 2020 compared to last year.


Thanks to Chili and Policygenius for sponsoring the episode.

Aug 05 2020

22mins

Play

Income Share Agreements - Good For Students or Investors?

Podcast cover
Read more

What are the pros and cons of income share agreements for partially funding higher education. Are investing in ISA's a viable opportunity?

Topics covered include:

  • How do income share agreements (ISAs) differ from student loans for funding higher education costs.
  • Are ISA's really a partial form of slavery or indentured servitude
  • What are the components of an ISA contract.
  • How adverse selection, differential pricing, moral hazard, and a lack of regulation pose challenges to income share agreements.
  • What is an internal rate of return and why is it the best metric for estimating the return of investing in ISAs.
  • How students should evaluate ISA's relative to loans.
  • What are some pricing examples for specific ISAs
  • What options exist for investing in ISAs.


Thanks to LinkedIn Jobs and Trends.co for sponsoring the episode

For show notes and more information on this episode click here.

Jul 29 2020

25mins

Play

Three Approaches to Asset Allocation

Podcast cover
Read more

What are the three primary ways to allocate assets and build a portfolio when saving for retirement or living in retirement.

Topics covered include:

  • How saving for retirement and living in retirement differ.
  • What are the expected return and risk of the Permanent, Golden Butterfly, and All Season portfolios.
  • What are the pros and cons of a role-based permanent portfolio.
  • What are the pros and cons of a strategic portfolio mix, such as the Bogleheads Three Fund Portfolio
  • What are the pros and cons of an adaptive asset garden portfolio.


Thanks to NetSuite and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

Jul 22 2020

22mins

Play

Are Banks Safe?

Podcast cover
Read more

Is a bank collapse coming due to bank exposure to collateralized loan obligations as defaults increase?

Topics covered include:

  • What are collateralized loan obligations (CLOs), how are they structured, and what has been their historical default rates.
  • How much exposure do banks have to CLOs and will it impact your bank savings and investments.
  • What are bank capital ratios and how are they calculated.
  • How banks are more conservatively run due to the adoption of the Basel III regulatory framework.
  • What are bank stress tests and how have they performed.
  • Why the Federal Reserve just capped dividends for the largest U.S. banks.
  • How many U.S. banks have failed during the pandemic crisis compared to the Great Financial Crisis.


Thanks to Simplifi and Policygenius for sponsoring the episode.


For show notes and more information on this episode click here.

Jul 15 2020

25mins

Play

A 15% Guaranteed Return? Lending on the Fringes of Finance

Podcast cover
Read more

An analysis of the returns and risks of different lending platform options including asset-based lending, unsecured peer-to-peer lending, cryptocurrency lending and a cash advance company that promises to pay a 15% annual percentage yield.

Topics covered include:

  • U-haul Investors Club and other asset-based lending options
  • DriverLoans Investor Club that promises a 15% guaranteed return
  • BlockFi - cryptocurrency lending with yields over 8%
  • LendingClub and why returns are only 4% to 5%
  • The economics of cash advance and payday loan lending businesses


Thanks to LinkedIn and Aspiration for sponsoring the episode. Text the word David to 64000 to open an Aspiration Save and Spend Account.

For show notes and more information on this episode click here.

Jul 01 2020

26mins

Play

How to Do Financial Planning

Podcast cover
Read more

Why individuals should use a more agile approach to investing and financial planning.

Topics covered include:

  • How to incorporate low probability catastrophic events in your financial plans.
  • How traditional financial planning differs from agile financial planning.
  • Why we need to test-drive our financial plans.
  • How too much efficiency can lead to a lack of resilience.
  • How David's portfolio is allocated using a role-based flexible bucket approach.


Thanks to Policygenius and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

Jun 24 2020

25mins

Play

Investing Is Not Knowing

Podcast cover
Read more

How successful investing requires judgment and humility not accurate forecasting ability.

Topics covered include:

  • Why pretending to know when you don't is harmful.
  • Why true experts admit their limitations.
  • Why David recently increased his allocation to stocks in his portfolio.
  • How the number of new retail brokerage accounts has exploded.
  • How the stock of the bankrupt company Hertz is a great example of how not to invest.
  • What is privilege and what should we do about it.


Thanks to NetSuite and Aspiration for sponsoring the episode. To open your Aspiration Spend and Save cash management account, text DAVID to 64-000

For show notes and more information on this episode click here.

Jun 17 2020

21mins

Play

Use Caution with Alternative Investments

Podcast cover
Read more

How alternative investment opportunities, such as venture capital, private equity, real estate and real assets, are increasing for individuals. Why these opportunities differ from what is available to institutional investors and how to evaluate them like a pro.

Topics covered include:

  • What are alternative investments and how are they structured.
  • What are 5 factors that determine alternative investment returns.
  • Lessons from three recent alternative investment deals including one that defaulted.
  • How to evaluate alternative investment opportunities.


Thanks to Simplifi and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

Jun 03 2020

22mins

Play

Ray Dalio and the Changing World Order

Podcast cover
Read more

What are the forces that lead to the rise and fall of nations. Why does the U.S. appear to be in decline and what investors can do to prepare.

Topics covered include:

  • An overview of Ray Dalio and Bridgewater Associates' investment process
  • Why human productivity is the most powerful force for creating wealth.
  • Additional forces that contribute to nations increasing in power and wealth.
  • Why being the reserve currency is an exorbitant privilege.
  • What are factors that indicate a nation's influence and power is in decline.
  • What are 5 important monetary principles all investors should understand.
  • What are the questions you should ask to gauge your economic well-being.
  • What investments should you own to prepare for a changing world order.


Thanks to LinkedIn Learning for sponsoring the episode.

For show notes and more information on this episode click here.

May 27 2020

22mins

Play

Has the Pandemic Changed You?

Podcast cover
Read more

A look at growing patterns consumers and businesses are adopting as a result of the Covid-19 pandemic.

Topics covered include:

  • Two constants in a radically unpredictable world
  • How removing things is more powerful than adding things
  • How airline travel will change, leading to more local travel
  • Why bicycle sales are soaring
  • How our social interactions are changing
  • What is local maxima
  • How the forces of money, trust, technology, and climate change have played out in the aftermath of the pandemic.


Thanks to The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

May 20 2020

17mins

Play

The Stock Market Is Not the Economy

Podcast cover
Read more

How the stock market differs from and can perform differently than the economy while remaining highly dependent on the economy for its success.

Topics covered include:

  • Why the stock markets in countries with lower economic growth performed better than the stock markets in countries with higher economic growth.
  • How the top 5 stocks in the S&P 500 Index have the largest weighting in 30 years and what will it takes for these stocks to outperform the market.
  • What are the largest contributors to U.S economic growth, most of which are not publicly traded.
  • How the U.S. government and the Federal Reserve saved the stock market.
  • How have stocks performed during economic recessions.
  • Why it is risky for investors to be dependent on the financial prospects of the largest technology stocks.


Thanks to Grammarly and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

May 13 2020

27mins

Play

How to Protect Your Savings

Podcast cover
Read more

How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it.

Topics covered include:

  • Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.
  • Why some depositors in Lebanon will probably lose some of their bank savings.
  • What investors can do to protect themselves from currency devaluations.
  • What are stablecoins and why are they useful.
  • Why some online banks pay above-average interest rates on savings accounts.
  • Why banks need to attract new deposits even though they create deposits when they make a loan.


Thanks to Mint Mobile and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

May 06 2020

27mins

Play

Why Negative Prices Exist and What They Can Teach Us

Podcast cover
Read more

Why the oil price fell below zero and what are other examples of negative prices. What lessons can we learn from negative prices.

Topics covered include:

  • How oil futures work and why the oil future prices fell below zero for the first time ever.
  • Why has the United States Oil ETF (USO) lost so much money.
  • How ETF authorized participants create new shares only so they can be shorted.
  • How storage problems for oil and electricity can lead to negative prices.
  • How negative interest rates are another form of negative prices.
  • Why sellers will pay buyers to deliver a service to them.
  • What financial lessons can we learn from negative prices.


Thanks to LinkedIn Learning and The Investor's Podcast for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 29 2020

25mins

Play

Federal Reserve Insolvency and Monetizing the National Debt

Podcast cover
Read more

How central banks can become insolvent and why it can lead to hyperinflation. What are four ways the Federal Reserve and the U.S. Treasury could monetize the national debt.

Topics covered include:

  • What are the major asset and liabilities of the Federal Reserve
  • How does the Federal Reserve make a profit and what happens if it suffers a loss.
  • How has the Federal Reserve has significantly expanded the types of assets it will hold and what are the risks.
  • What could cause the Federal Reserve and other central banks to become insolvent.
  • What are the constraints central banks face.
  • What are four ways the U.S. national debt could be monetized.
  • How investors can protect themselves against central bank insolvency.


Thanks to The Great Courses Plus and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 22 2020

26mins

Play

How Stories Go Viral and Drive Economic Events

Podcast cover
Read more

How the stories we tell ourselves lead to economic change. What are current pandemic related narratives that are impacting financial markets and the economy.

Topics covered include:

  • Examples of mathematical models for epidemics.
  • What are the risks when the global economy is opened again.
  • Under what circumstances do individuals rely on anecdotal evidence rather than statistics.
  • What are some propositions that underly how economic narratives spread.
  • What are some examples of major narratives that impact the economy.
  • How humans have a bias toward action and how to deal with that when the best course is to stay in place.
  • Should investors be increasing their stock exposure now that the markets are rallying and central banks are taking aggressive action.


Thanks to Policygenius and LinkedIn for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 15 2020

24mins

Play

Decision Making: Uncertainty versus Risk

Podcast cover
Read more

What is the difference between risk and uncertainty and how our decision making approach should differ under each scenario. Why pandemics are highly uncertain and should be treated as such.

Topics covered include:

  • How the coronavirus pandemic is far worse than other pandemics this century.
  • How humans have a difficult time accepting that things won't return to normal.
  • What is the difference between risk and uncertainty.
  • How we make decisions should differ if something is uncertain versus risky.
  • What is the minimax regret approach to making decisions under uncertainty.
  • How stories help us deal with uncertainty.
  • How the story driving financial markets has changed.
  • What is the duration and severity of bear markets during a recession and how large have bear market stock rallies been.
  • What will it take for the pandemic to end and to be more confident about the future.


Thanks to Mint Mobile and Grammarly for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 01 2020

28mins

Play

Will Infinite Money Save the Economy

Podcast cover
Read more

What central banks such as the Federal Reserve and federal governments are doing to counteract the negative impact of the pandemic related economic shutdown. What are the risks of this massive monetary and fiscal stimulus and how to mitigate those risks.

Topics covered include:

  • How central banks have the capacity to create an infinite amount of money.
  • How the Federal Reserve is using its money-printing ability to stabilize the financial system and reduce the negative impact of the pandemic related economic shutdown.
  • What are the mechanics of quantitative easing.
  • What are examples of stimulus programs during the Great Depression that didn't work because they were too focused on social engineering. 
  • How massive central bank and government stimulus could lead to inflation or deflation.
  • How inflation-indexed bonds such as Treasury Inflation Protection Securities can help reduce inflation risk, and why owning individual TIPs is particularly attractive right now.
  • Why it's okay for investors with a long time horizon to ride out the current market turmoil without reducing risk.
  • What are current and leading economic indicators suggesting about the severity of the economic shutdown and the potential for recovery.


Thanks to LinkedIn Learning and Rad Power Bikes for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 25 2020

25mins

Play

How To Survive the Coronavirus (Covid-19) Shutdown

Podcast cover
Read more

How to avoid ruin and help others avoid ruin as the economy shuts down to slow the spread of the coronavirus.

Topics covered include:

  • What is the precautionary principle and how can it help us make important decisions with regards to the coronavirus pandemic.
  • How many people could be infected with Covid-19 in the next 30 to 60 days at the current daily growth rate.
  • Why investment managers are selling assets to reduce their market exposure.
  • Should individual investors be increasing or reducing their exposure to the stock market in the current market environment.
  • How recent actions by the Federal Reserve suggest they think a U.S. recession is imminent.
  • What can individuals locked down at home do to survive mentally and emotionally.
  • What we can do to help businesses avoid ruin during the pandemic crisis. 


Thanks to Netsuite and Rad Power Bikes for sponsoring the episode. Text the word RAD to the number 64-000 to get a free accessory with the purchase of a bike.

For show notes and more information on this episode click here.

Mar 18 2020

25mins

Play

What Are Closed-End Funds and How Do You Invest in Them?

Podcast cover
Read more

Why closed-end funds are David's favorite investment vehicle, particularly during market panics. What are the unique characteristics of these funds and what are successful strategies for investing them.

Topics covered include:

  • How closed-end funds differ from open-end mutual funds and ETFs.
  • Why most closed-end funds are bond funds and use leverage.
  • Why closed-end funds can sell at large discounts and premiums.
  • What are managed distribution programs.
  • How to evaluate and select closed-end funds.
  • What is the Income Factory approach to closed-end fund investing.

Thanks to LinkedIn and The HPScast for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 11 2020

26mins

Play

iTunes Ratings

985 Ratings
Average Ratings
767
83
52
36
47

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!