David converses with renowned illustrator and financial philosopher Carl Richards on the abstraction of money, attentional capital, distinguishing risk from uncertainty, and the importance of taking microactions. Show Notes Behavior Gap Your Money: Reimagining Wealth in 97 Simple Sketches by Carl Richards Episode Sponsors Asset Camp Money for the Rest of Us Plus Related Episodes 496: Are You Taking Enough Aspirational Risk? 394: How to Get Better at Risk … [Read more...]
442: Crisis-Proof Investing: Strategies for a Shaky Future
Given climate change and other risks, how should you invest for the next forty years? Topics covered include: Show Notes The Third Wave by Alvin Toffler—Penguin Random House Parcel shipping index 2022—Pitney Bowes America Is Drowning in Packages by Amanda Mull—The Atlantic How to Spend Way Less Time on Email Every Day by Matt Plummer—Harvard Business Review World Population Prospects—United Nations Department of Economic and Social Affairs Global Climate Change … [Read more...]
378 Plus: A Frustrating Time To Invest and Did BulletShares Underperform?
In Plus Episode 378, we discuss the fear, uncertainty, and frustration we can feel investing in the current environment. We also look at how to estimate the performance of BulletShare ETFs, which are ETFs that hold bonds and have fixed maturities. We consider why a member's BulletShare ETF fell well short of his expectations. Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus … [Read more...]
377: What If It’s Different This Time?
What can we do to prepare if the Russian-Ukraine war gets even worse? Topics covered include: How risk and uncertainty differ as does how we manage themWhat we can learn from Ukraine and Russian citizens on dealing with uncertaintyWhat will be the financial impact of the sanctions against Russia and the ruble collapseWhy and how we should all prepare for potential cyberattacksWhy now is the time to make sure you have an appropriate asset allocationHow holding dollars, euros or stablecoin … [Read more...]
369: Listener Q&A 2
We answer listeners' questions on a variety of financial topics to close out the year. Topics covered include: Show Notes A Complete Guide to Investing in TIPS and I Bonds—Money For the Rest Of Us Episode Sponsors Policygenius OurCrowd Related Content Why You Should Rebalance Your Portfolio 348: Listener Q&A 362: Should You Invest in a Bitcoin ETF? 365: Why Some Asset Bubbles Don’t Burst 415: Listener Q&A 3 Transcript Download … [Read more...]
324: 2020—The Year We Will Never Forget
A review of how the pandemic, financial markets, and government policy evolved in 2020 to make for an unforgettable year. Topics covered include: Show Notes 286: Coronavirus and the Financial Impact of Pandemics 291: How To Survive the Coronavirus (COVID-19) Shutdown Madame Vivelda—Saturday Night Live What Is Risk vs Uncertainty?—Money For the Rest of Us Guide 299: Has the Pandemic Changed You? Personal Saving Rate—Federal Reserve Bank of St. Louis 302: … [Read more...]
What Is Risk vs Uncertainty?
Risk is when the odds or probabilities of future events can be estimated. Uncertainty is when the list of possible future events is unknown, so their odds of occurring cannot be estimated. So how do we make decisions under risk versus uncertainty? ARTICLE TABLE OF CONTENTS (Skip to Section) Risk and InsuranceUncertainty DefinedRisk Versus UncertaintyMaking Decisions Under Risk Making Decisions Under UncertaintyConfusing Risk Versus UncertaintyHow To Make Better DecisionsPodcast … [Read more...]
236: How Investors Cope With Radical Uncertainty
How heuristics, filters and reasonable stories help us cope with radical uncertainty and have the courage to make investment decisions. In this episode you’ll learn: Strategies for coping with uncertainty.How to avoid being caught up in a bubble or mania.Why even central banks need a coping strategy.How money helps hedge against an uncertain future. Show Notes Centralverse.org The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King To Help … [Read more...]
193: Why Plan If Life Is So Unpredictable?
How planning helps us avoid catastrophic errors while maintaining flexibility and margins of safety allow us to thrive even if our plans don't work out. In this episode you’ll learn: Show Notes Eyes in the sky: a revolution in satellite technology - John Thornhill - FT Magazine Essays In Idleness by Yoshida Kenko Clay Christensen - Disruptive Innovations The End of Theory: Financial Crisis, the Failure of Economics and the Sweep of Human Interaction by Richard … [Read more...]
158: How To Invest Like A Cockroach
How reserves, slack and simple rules of thumb help us deal with radical uncertainty. Why the next financial crisis is unlikely to be like the last one. In this episode you’ll learn: Show Notes The End of Theory: Financial Crisis, the Failure of Economics and the Sweep of Human Interaction - Richard Bookstaber Where the Water Goes: Life and Death Along the Colorado River - David Owen Sponsors Filter Buy 10% Discount Sanebox Health IQ Summary Article How To … [Read more...]
