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The Ezra Klein Show: Elizabeth Kolbert: We have locked in centuries of climate change. Elizabeth Kolbert covers climate change for the New Yorker. She's the Pulitzer prize-winning author of The Sixth Extinction. And she recently wrote a paragraph I can't stop thinking about. "The problem with global warming—and the reason it continues to resist illustration, even as the streets flood and the forests die and the mussels rot on the shores—is that experience is an inadequate guide to what’s going on. The climate operates on a time delay. When carbon dioxide is added to the atmosphere, it takes decades—in a technical sense, millennia—for the earth to equilibrate. This summer’s fish kill was a product of warming that had become inevitable twenty or thirty years ago, and the warming that’s being locked in today won’t be fully felt until today’s toddlers reach middle age. In effect, we are living in the climate of the past, but already we’ve determined the climate’s future."Kolbert lives, to an unusual degree, in the planet's future. She travels to the places around the world where the climate of tomorrow is visible today. She has watched glaciers melting, and seen species dying. And she is able to convey both the science and the cost with a rare lucidity. Talking with Kolbert left me with an unnerving thought. We look back on past eras in human history and judge them morally failed. We think of the Spanish Inquisition or the Mongol hordes and believe ourselves civilized, rational, moral in a way our ancestors weren't. But if the science is right, and we do unto our descendants what the data says we are doing to them, we will be judged monsters. And it will be all the worse because we knew what we were doing and we knew how to stop, but we decided it was easier to disbelieve the science or ignore the consequences. Kolbert and I talk about the consequences, but also about what would be necessary to stabilize the climate and back off the mass extinction event that is currently underway. We discuss geoengineering, political will, the environmental cost of meat, and what individuals can and can't do. We talk about Trump's cabinet, about whether technological innovation will save us, and if pricing carbon is enough. We talk about whether hope remains a realistic emotion when it comes to our environmental future.Books:-Edward Abbe’s “Desert Solitaire”-Rachel Carson’s “Silent Spring”-David G. Haskell’s “The Forest Unseen”-Bill McKibben’s “The End of Nature”
The Joe Rogan Experience: #877 - Jordan Peterson. Jordan Peterson is a clinical psychologist and tenured professor of psychology at the University of Toronto. https://www.youtube.com/user/JordanPetersonVideos http://www.selfauthoring.com/ 100% off the Future Authoring Program code: "ChangeYourself" - The offer is valid until the end of Nov 30th.
Masters of Scale with Reid Hoffman: The Reid Hoffman Story (Part 1) — Make everyone a hero. In this special episode, we turn the tables on host Reid Hoffman. He’s the guest and we tell his story, while proving a theory that’s perfect for Reid: You can chart an epic journey to scale, if you make everyone a hero along the way. Guest Host is June Cohen, Executive Producer of Masters of Scale, CEO of WaitWhat, and former Executive Producer of TED. Cameo Apperance: Matthew Mercer, host of the web series Critical Role.
Y Combinator: #107 - Vinod Khosla and Sam Altman. Vinod Khosla is the founder of Khosla Ventures, a firm focused on assisting entrepreneurs to build impactful new energy and technology companies. Previously he was the founding CEO of Sun Microsystems, where he pioneered open systems and commercial RISC processors.How to Build the Future is hosted by Sam Altman.***Topics00:30 - Vinod’s intro01:20 - A zero-million-dollar company vs a zero-billion-dollar company4:20 - What percentage of investors in Silicon Valley are good long-term company builders?4:50 - Who has earned the right to advise an entrepreneur?6:50 - Which risk to take when7:20 - Helpful board members8:15 - Who to trust for what advice11:00 - First principles thinking and rate of change13:00 - Evaluating a candidate in an interview14:15 - How much should a founder have planned and how ambitious should a founder be?16:30 - Recruiting great people19:00 - Building a phenomenal early team20:20 - Being generous with early employee equity27:00 - Gene pool engineering27:18 - The art, science, and labor of recruiting28:20 - How founders should think about investors31:00 - Doers vs pontificators32:00 - What does Vinod want to do in the next ten years?32:10 - Reinventing Societal Infrastructure with Technology
Rank #1: Mad Money w/Jim Cramer 06/07/19. CNBC's Mad Money with Jim Cramer.
Rank #2: Mad Money w/Jim Cramer 04/25/18. CNBC's Mad Money with Jim Cramer.
Rank #1: New Year's Resolutions, building a portfolio solely with ETFs, 10 Stock Tips for 2019 - Episode 134 January 4 - Triple M's Motley Fool Money. 1) New Year's Resolutions2) Building a portfolio by just using ETFs3) 10 stock tips for 2019
Rank #2: Buy, Hold, Sell - Companies to look at right now, The Giant FoolishMailbag - Episode 97 April 13 - Triple M's Motley Fool Money. 1) The Giant Foolish Mailbag - the best time to buy bonds - effects of reducing the tax rate - Net Asset Value2) Buy/Hold/Sell
Rank #1: 200- 5 Principles for Inevitable Success. This week Phil and Danielle celebrate the 200th episode of InvestED: The Rule #1 Podcast! During this episode, we talk about how you can guarantee success in investing and life. We talk about Ray Dalio, the owner of Bridgewater Capital, who manages $160 billion in assets. Ray manages all of his money based on a very strict set of investing principles. He’s been able to achieve phenomenal returns. 18% over the past 36 years. For show notes and more information visit www.investedpodcast.comLearn more about your ad choices. Visit megaphone.fm/adchoices
Rank #2: 160 - Intrinsic Value: Let’s Talk About Tesla. For show notes and more information visit www.investedpodcast.com We are back and better than ever coming to you to discuss different types of trading, finishing up our discussion on intrinsic value, and a little about what’s happening in the market including Tesla.Learn more about your ad choices. Visit megaphone.fm/adchoices
Rank #1: 06-07-19: Could Your Retirement Portfolio Be Too Heavily Invested In Equities?. New research finds that, in some cases, workers as young as age 35 should have no more than 70% investment in equities. Today's Stocks & Topics: NP - Neenah Inc., Consumer Credit, Flipping Houses, Value Stocks, MMM - 3M Co., URBN - Urban Outfitters Inc., BYND - Beyond Meat Inc., NTDOY - Nintendo Co. Ltd. ADR, Options.
Rank #2: 01-15-18: Index Funds vs. Mutual Funds. Encore Presentation: The difference between index funds and mutual funds and why an index fund will almost certainly be a better investment than an actively managed mutual fund. Today's Stocks & Topics: Capital Losses, The Market in 2018, Index Funds, Proffered Stocks, Roth I-R-A & Taxes, House Prices, International Markets, Residual Value, When to Sell., I-R-As, Triple-Double Tops, How to Start Investing, Mutual Funds, Technical Analysis.
Rank #1: Fast Money 12/11/18. Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.
Rank #2: Fast Money 06/07/19. Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.
Rank #1: Sam Hinkie – Data, Decisions, and Basketball - [Invest Like the Best, EP.88]. I came across this week’s guest thanks to the overlap of three passions of mine: data informed investing, value creation, and basketball. Sam Hinkie worked for more than a decade in the NBA with the Houston Rockets, and then most recently as the President and GM of the Philadelphia 76ers. He helped launch basketball's analytics movement when he joined the Houston Rockets in 2005, and is known for unique trade structuring and a keen focus on acquiring undervalued players. Today, he is also an investor and advisor to a limited number of young companies in which he feels his experience can improve outcomes. At one point in our conversation, Sam mentions that he tracked success via future financial outcomes, so I did some research and found many interesting stats about the 76ers surrounding Sam’s tenure. When he took over the franchise, it was 24th in ESPN’s franchise rankings, and today it is 4th. This is the result of an impressive crop of young talent—players like All-Star Joel Embiid and Ben Simmons—which resulted in large part from unconventional decisions Sam and his team made. While I’m sure these estimates are imperfect, Forbes estimated the 76ers value at around $418M when Sam took over and $1.2B a few months ago. NBA teams in general have grown in value, so a lot of that appreciation is obviously “beta,” but given that the 76ers had the top percentage growth number more recently of any team, some of it is “alpha,” too. While we can’t parse the exact amount, it seems his unique approach to building a team clearly created some large amount of current franchise equity value. And it looks like the dividends from those decisions will compound for many years to come. While basketball was where Sam plied his talents in the past, his approach is more elemental. It is about finding great people, using data, and structuring decisions that create the possibility of huge returns, be they financial or otherwise. I don’t know what Sam will do next, be it investing in companies, running one, or taking over another team, but I know it will be fun to watch. Please enjoy this unique episode with Sam Hinkie. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Books Referenced Empire of the Summer Moon: Quanah Parker and the Rise and Fall of the Comanches, the Most Powerful Indian Tribe in American History Selfish Reasons to Have More Kids: Why Being a Great Parent is Less Work and More Fun Than You Think Links Referenced International Justice Mission Show Notes 3:24 – (First Question) Advantages of having a long view and how to structurally harness one 6:08 – Using technology to foster an innovative culture 6:18– Empire of the Summer Moon: Quanah Parker and the Rise and Fall of the Comanches, the Most Powerful Indian Tribe in American History 10:16 – Favorite example of applied innovation from Sam’s career 11:34 - Most fun aspect of doing data analytics early on the Houston Rockets 13:38 - Is there anything more important than courage in asymmetric outcomes 14:29 – How does Sam know when to let the art of decision making finish where the data started 16:29 - Pros and cons of a contrarian mindset 17:26 – Where he wanted to apply his knowledge in sports when first getting out of school and how his thinking is best applied in the current sports landscape 21:39 – How does he think about trying to find the equivalent of mispriced assets in the NBA 23:12 – Where tradition can be an impediment to innovation 25:07 – What did the team and workflow of the team look like in the front office 27:03 - The measure of truth in a sports complex 29:10 – What were the early factors coming out of the data that helped to shape NBA teams 30:42 – Best tactics for hiring 33:59 – Process of recruiting spectacular people 35:39 – Thoughts on fostering a good marriage 37:57 – Picking your kids traits in your spouse 38:02 – Selfish Reasons to Have More Kids: Why Being a Great Parent is Less Work and More Fun Than You Think 40:45 – What kind of markers does he look for when evaluating long term investment ideas 42:44 – His interest in machine learning 45:55 – What’s more exciting, the actual advances in machine learning or the applications that can be imagined as a result 47:15– International Justice Mission 48:11 – How he got started teaching negotiations and some of the points he makes in that class 49:16 – Effective techniques for negotiating 50:03 – Is negotiating contentious, do you need empathy 50:41 – A Rorschach test of Sam based on his reading of Lessons of History (book) 53:01 – Biggest risk Sam took in his career 54:37 – Biggest risks Sam took while with the 76ers 58:09 – Do people undervalue asymmetric outcomes in the NBA 1:00:11 – The players Sam has enjoyed watching over the years 1:02:45 – Why Robert Caro is a favorite author of his 1:04:30 – Kindest thing anyone has done for Sam Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag
Rank #2: Hash Power – Ep. 1 - Understanding Blockchains. Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul. Hash Power is meant to be an introduction, but really, it is an invitation to explore this emerging world on your own. In the coming weeks, we will cover the technology, the power of decentralization, bitcoin, Ethereum, ICOs, cryptography and hashing. We will spend time with the leading active hedge fund managers in the field, and with outside investors who are both optimistic and skeptical. Episode one covers the big picture, and answers the question: what is blockchain and why might it significantly affect our world? If you enjoy what follows, you’ll still be very early in understanding this field. Most don’t. So help me spread it like wildfire, because the more people that understand blockchain, the better its impact might become. Please enjoy episode one, and stay tuned next week for episode 2, which explores investing in cryptocurrencies. Hash Power is presented by Fidelity Investments For comprehensive show notes on this episode go to http://investorfieldguide.com/hashpower For more episodes go to InvestorFieldGuide.com/podcast. To get involved with Project Frontier, head to InvestorFieldGuide.com/frontier. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Books Referenced The Sovereign Individual: Mastering the Transition to the Information Age Nostalgia for the Absolute Links Referenced Bitcoin: A Peer-to-Peer Electronic Cash System Reddit User jav_rddt SHA-256 Calculator The BitCoin Model for Crowdfunding Fat Protocols #cryptotwitter Show Notes 0:05 – Introduction CHAPTER 1 – Understanding the Concept of Blockchain (3:25) 4:30 – Jeremiah Lowin explains how blockchain is like a database 5:14 – Bitcoin: A Peer-to-Peer Electronic Cash System 5:46 – Owning a digital asset 7:14 – Naval Ravikant, CEO of Angelist on how blockchains can help to create personal networks and organize humans 11:01 – How blockchains represent a way to coordinate global activity through tokens 13:33 – New coins popping up around data storage and utility needs like solar panels 14:57 – Permission vs permissionless networks 16:37 – Protocols and the introduction of scarcity 18:13 – Keeping track of scarcity and the introduction of tokens 18:49 – Societal structures and how blockchains will change them again 18:51 – The Sovereign Individual: Mastering the Transition to the Information Age 21:55 – The role of blockchains in the informational age and the rise of more individual sovereignty 23:29 - Fred Ehrsam, co-founder of Coinbase, on the increasing shift to digital worlds led by incentive structures CHAPTER 2 – Blockchain Technology (27:48) 29:09 - Reddit User jav_rddt 30:43 - SHA-256 Calculator 31:53 - Charlie Noyes, Pantera Capital, explains how SHA-256 was developed and what make its so special 35:48 – How miners create new blocks and the incentives to do so 40:22 – The nonce field 43:48 – The incentives that exist for miners and the arms race to build more powerful systems to mine 45:20 – The development of mining pools 46:54 – Ethereum, the “spiritual successor” to bitcoin 48:36 – How the Ether network is an ecosystem in which other tokens can sit 50:51 - Naval Ravikant on alternative coins or tokens 50:50 - The BitCoin Model for Crowdfunding 51:37 – How the protocol creators are the ones getting wealthy 52:35 – Fat Protocols 53:22 – Blockchain as an experiment in distributed government 54:47 – How cryptocurrency is more than just technology, it’s a movement 54:50 – Nostalgia for the Absolute 57:27 - #cryptotwitter 1:00:58 - Peter Jubber, of Fidelity, on how huge institutions, like theirs, are getting into the cryptocurrency game 1:4:01 –The notion of cooperation in an open source project or protocol 1:05:21- Olaf Carlson-Wee, first employee at Coinbase and the founder of Polychain, on the early excitement for cryptocurrency 1:06:56– Closing thoughts from Patrick Looking to work in this space - email@example.com Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag
Rank #1: 162: Mike Bellafiore – The formula for how to become a 7-figure day trader. Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022. As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success. There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time. -- Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets
Rank #2: 069: John Carter – How an aggressive trader thinks, uses options, and made $1.4M on a single Tesla trade. Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas. In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly. In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader? Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade. So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading.
Rank #1: Surveillance: We Are Near The End Of The Cycle, Ruskin Says. Alan Ruskin, Deutsche Bank Securities Managing Director & Chief International Strategist, says market participants seem to expect volatility to be sticky for a while. Luke Kawa, Bloomberg Cross-Asset Reporter, says markets are pricing in some kind of inflection point for the Fed over the next two years. Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, defines the current situation of the U.K. as one of "chaos" and "rage". Julia Coronado, Macropolicy Perspectives Founder, explains that technology is a deflationary force. Baroness Helena Kennedy, House of Lords Member, remarks that the Irish border question was not in the mind of the voters when the Brexit referendum took place.
Rank #2: Surveillance: Moving Forward on Tariffs, Says CEA's Hassett. Jason Furman, Former Council of Economics Chair, says issues with Mexico might be more important than the tensions with China. Julia Coronado, Macropolicy Perspectives President and Founder, says prime age participation in the labor force has room to grow. Jeff Rosenberg, BlackRock Financial Management Senior Portfolio Manager, says the ECB will have to continue to support the euro-area with perpetual negative interest rates. And Kevin Hassett, White House Council of Economic Advisers Chairman, says the President is set to weigh his options on Mexico tariffs.
Rank #1: Investing Insights: Berkshire Hathaway’s Valuation, 3 Funds That Have Lost Their Mojo, and More. This week on the podcast, our analysts take a look at three funds that’ve been downgraded due to manager losses, Christine Benz discusses whether retirees need bonds, Abhinav Davuluri takes a look at earnings in the semiconductor industry, Ben Johnson discusses Morningstar’s latest research about fund fees, Dan Culloton talks about a promising international fund on our radar, and Gregg Warren discusses Berkshire Hathaway’s valuation.
Rank #2: Investing Insights: Dividend Picks, Apple Undervalued, and Vanguard's 2018. On this week's episode, we examine Apple’s revenue warning, Procter & Gamble’s progress, top dividend picks and how Fidelity and Vanguard fared over the last year.
Rank #1: Interview With Jack Bogle: Masters in Business (Audio). March 11 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Jack Bogle, Founder of the Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as Chairman and Chief Executive Officer until 1996 and Senior Chairman until 2000. This interview aired on Bloomberg Radio.
Rank #2: Interview With Daniel Kahneman: Masters in Business (Audio). August 4 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Daniel Kahneman, who is a professor emeritus of psychology and public affairs at Princeton University and a fellow of the Federmann Center for the Study of Rationality at the Hebrew University of Jerusalem. This commentary aired on Bloomberg Radio.\u0010\u0010(Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.)
Rank #1: Separating Signals from Noise - Perspectives on the Future of Investing . Tim O'Neill, global co-head of the Investment Management Division at Goldman Sachs, on the seduction of big data, why a market needs both active and passive investors, and the greatest challenge for investors of every generation. This episode was recorded on September 15, 2015. The views and opinions expressed herein should not be construed as an offer to buy or sell any securities and such views/opinions may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. This information may not be current and Goldman Sachs has no obligation to provide any updates or changes. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by any Goldman Sachs entity or individual to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2015 Goldman Sachs. All rights reserved.
Rank #2: Disruption in Deutschland. Export-heavy Germany is contending with a wave of disruptive changes that are altering the competitive landscape for both the country's largest corporations and its globally admired small and medium-sized enterprises, the Mittelstand. Wolfgang Fink, co-CEO of Goldman Sachs in Germany and Austria, discusses how German companies are adapting to twenty-first century market pressures. This podcast was recorded on April 19, 2016. The information contained in this recording was obtained from publicly available sources and has not been independently verified by Goldman Sachs. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the information contained in this recording and any liability as a result of this recording is expressly disclaimed. This recording should not be relied upon to evaluate any potential transaction. Goldman Sachs is not giving investment advice by means of this recording, and this recording does not establish a client relationship with Goldman Sachs. Copyright 2016 Goldman Sachs. All rights reserved.
Rank #1: Expect the U.S. To Issue Digital Currency Next Year: FiREapps CEO. Wolfgang Koester, CEO of FiREapps, on bitcoin futures and why he sees the U.S. issuing a digital dollar in 2018. John Tozzi, healthcare reporter for Bloomberg, with a look at the history of the little blue pill that changed sex, as Viagra goes generic. Tim Ghriskey, CIO of Solaris Asset Management, on why tax reform will spur corporate buybacks instead of growth. John Wobensmith, CEO of Genco Shipping (NYSE:GNK), on why the global drybulk recovery is just starting.
Rank #2: U.S. Should Follow The EU's Footsteps To Tackle Google (Podcast). Jim Anderson, CEO of Socialflow, on the key takeaways from Google CEO Pichai's testimony before Congress. Neal Dingmann and Welles Fitzpatrick, Managing Directors at SunTrust Robinson Humphrey covering the E&P sector, discuss energy stocks and valuations. Michael Smart, Managing Director at Rock Creek Global Advisors and former International Trade Counsel on the Senate Finance Committee, on China trade negotiations. David Welch, Detroit Bureau Chief for Bloomberg, on which automakers would be impacted by China cutting auto tariffs.
Rank #1: 52: What Math Models of Herding Cows Can Teach Us About Markets. Investors are often said to exhibit herding behavior when they follow each other into crowded positions — creating market bubbles that are susceptible to sudden pops when everyone begins stampeding for the exit. This week we take the analogy literally and speak to three professors who have created a mathematical model to examine why cows synchronize their behavior and — crucially — why they stop. Jie Sun, Erik Bollt, and Mason Porter, the authors of "A Mathematical Model for the Dynamics and Synchronization of Cows," extrapolate their findings to humans and modern markets. This episode is co-hosted by our resident bovine expert, Lorcan Roche-Kelly.
Rank #2: The Millennial Generation Is Stagnant And Older People Are Part. In developed economies, younger generations have faced stagnant wages, mediocre employment prospects and dizzying costs of homeownership. One culprit: The generations that came before. Policies that helped older generations recieve strong pensions and affordable housing have made life more difficult for the young. In this week's Odd Lots podcast we talked to Laura Gardiner of the Resolution Foundation about her new report on "renewing the generational contract" between generations.
Rank #1: Should You Pay Off Debt Or Invest?. #188 How our net worth is more than our financial capital but includes our lifetime earning capacity or human capital. What role does debt play in investing in human capital and how our human capital impacts how we allocate our financial investments. Why stocks aren't less risky in the long-term. How to invest a lump sum payment and how I recently did so in today's market environment. More information, including show notes, can be found here. Episode SummaryAt some point in our lives, we all have to deal with the issue of debt. It’s a specter that hangs over our heads and gives us an uneasy feeling until it is gone. Debt has a cost, naturally so because it demands interest all the time. A question that comes up often is whether or not it is better to pay off debt immediately, primarily because it IS debt, or if a better return can be achieved, should available money be placed into investments instead? You could run the numbers and figure out what looks best on paper and go with that. But the answer is honestly not that simple. This episode is designed to walk you through many of the issues that should be considered when answering the question.If it costs you less numerically to pay interest on loans than you could make on investments, you should invest instead of paying off debt, right? Maybe it’s not that simpleLet’s do the math. If you are paying 5% for your home mortgage and have a lump sum of cash available to pay it off, but you also have the opportunity to lend the money to a real estate crowdfunding platform with a guaranteed return of 9%, isn’t it true that you would make 4% more by investing in the crowdfunding platform than you would if you paid off the mortgage? Yes, that’s what the numbers say, but there’s more to be considered. You want to think about things like human capital, the nature of the debt, and the mental cost you bear for having the debt hanging over you.Most people should try to do both: invest and pay off debt. Here’s why-When it comes to the choice between paying off debt with available funds or investing those funds elsewhere, there is no cut-and-dried answer that fits everyone. But after doing his research in thinking through the issue, David feels that most people should try to do both. While there is a psychological benefit to paying off debt, there is also the knowledge and discipline that comes from investing.In This Episode You’ll Learn[0:46] Welcome to the show – and could you help spread the word?[1:55] Should you pay off student loans first or put your cash into investments?[4:20] We’ve got to consider the cost of developing “human capital”[9:40] What is debt and how does short-term VS long-term debt apply[12:45] How do human capital issues impact how we invest?[16:13] Why most people should try to do both: invest AND pay off debt[22:50] Should a lump sum be invested all at once or dollar cost average it?
Rank #2: Should You Invest In Individual Stocks?. #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/