What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market? Topics covered include: Show Notes The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow—Macmillan How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin … [Read more...]
341: How to Overcome Investing Fears
Investing without fear can be difficult. Here are seven ways to manage fear in order to improve your investing. As well as how fear can be beneficial. Topics covered include: Why fear can be both helpful and harmfulWhy expected investment returns are lower from a year agoWhat are the drivers of asset class returnsWhat is a bucket approach to investing and why it can be helpfulWhat are ways to automate investingWhy getting an investment second opinion can be valuableWhy we can never avoid … [Read more...]
145: People Like Us Invest Like This
Our view of the world dictates how we should and should not invest. In this episode you'll learn: Show Notes Uncertainty - Lawrence M. Krauss - Edge Regression To the Mean - James J. O'Donnell - Edge Excerpts from Seth Klarman's 2016 year end letter to his clients as quoted in the New York Times Messy: The Power of Disorder To Transform Our Lives - Tim Harford Seth Godin Course on Presenting To Persuade Ultra-Easy Money: Digging The Hole Deeper? - William R. … [Read more...]
139: Are You Making Fear-based Financial Decisions?
How to design a life, pursue a career, and build financial security without acting out of fear. In this episode you'll learn: Show Notes Designing Your Life: How To Build a Well Lived Joyful Life by Bill Burnett and Dave Evans Do You Make Fear Decisions or Growth Decisions? - James Altucher Summary Article Don't Make Fear-based Career Decisions I recently had a lengthy conversation with a successful children’s book illustrator who in his mid-to-late thirties … [Read more...]
MNY099 Plus: Timing Housing Cycles
This week on Money For the Rest of Us Plus we discuss housing cycles and why supply and demand matters. We also address why we should never consider the current worst case scenario as a level that can never be breached. Finally, we explore why we need to look at objective data to make less emotional investment decisions and find the right balance between the excessive fear of losing money and the fear of missing out on a rally. The episode length is 19 minutes. … [Read more...]
