Lessons From Reading 300 Years Of Finance Books
What’s the secret behind beating the market? It's a question many ask, but who really knows the answer? James Taylor, co-author of ‘Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Mind’, looks at why, despite the rise of passive investing, so many people are still obsessed with active investing, outperforming the market, and how the same marketing strategies that were used all those years ago are still enticing people today.
James's book: amzn.to/3OiSlvJ
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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Chapters:
00:00-00:25 - Intro
00:25-07:00 - Every Man His Own Broker
07:00-14:18 - Outsiders vs insiders
14:18-19:01 - Who do you trust?
19:01-24:22 - Financial advice and self-improvement
24:22-24:58 - Sensate ad
24:58-29:46 - Language
29:46-37:27 - Why are we obsessed with beating the market?
37:27-38:21 - Unbiased ad
38:21-43:55 - What has changed in 300 years?
43:55-48:41 - Is the genre positive or negative?
48:41-52:38 - The rise of passive investing
52:38-58:17 - GameStop and the 2008 financial crisis
Пікірлер: 62
Love the way you make these topics accessible - you're one of the 4 KZread channels I recommend to everyone I know, including my son, to educate themselves on the whole investment space. Democratisation of knowledge has come a long way and I hope you keep doing what you're doing....
Damo really does his homework, makes his guests feel at ease and engaged
@DamienTalksMoney
5 ай бұрын
Thank you so much!
Same as it ever was, nothing new under the sun, no short cut to riches...
@jimbojimbo6873
5 ай бұрын
Convince a rich person to add you to their will
@investinnnnn
5 ай бұрын
Or find a sugardaddy
@SevenEllen
Ай бұрын
@@investinnnnn Or start saving from when you get your first job and don't stop adding to those savings every month of your life.
I truly enjoyed that. Thank you! And also much thanks to Professor Taylor!
@MakingMoneyPodcast
5 ай бұрын
Our pleasure - and we will pass on your kind words
Top work, probably my favourite episode so far. Very different and super interesting! Thank you! 🙏
@MakingMoneyPodcast
5 ай бұрын
Thank you! So glad you enjoyed it.
I don’t know about investing - but I know Damien costs me a fortune. Almost every episode I end up buying the guests book on Amazon. Going to buy this one too as I love the history of finance.
@joaopires8815
5 ай бұрын
😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😊is too 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😮😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅
@joaopires8815
5 ай бұрын
Lovely content guys. Thanks for this. I was listening with my phone on my pocket and it did type a bunch of random emojis in a comment. Thought I should replace it with an actual comment. I do appreciate the work you guys are doing. Most people haven’t got a clue of how to prepare financially. Thanks for doing us a service.
@MakingMoneyPodcast
5 ай бұрын
Money well spent I'd say!
@buttonmonkey6845
5 ай бұрын
Try using the library, it’s a lot cheaper 😂😂😂. Very much enjoyed that, thanks guys and thanks to the Prof too.🙂
@davidwhyman1189
16 күн бұрын
Then book storage becomes an issue. Free up space.
Great discussion. Would love to see you guys talking with Lars Kroijer.
Excellent production. I would have a bigger table though, or use a splitscreen instead of that middle shot - feels a bit cramped. Topic and interview great as always 💯
Great informative conversation with a good academic - bring on the critically open society - our financial education really matters - thanks for making this video- podcast.
A lot of these apps are marketing at a more gambling approach to the stock market.
Thanks to the prof for sharing his research and new words to add the think bank lol
@MakingMoneyPodcast
5 ай бұрын
We certainly learnt a lot too
Of course you can get rich quick, you just have to luck into generational wealth.
Brilliant video / discussion. Cheers.
Really interesting ep, thanks!
I am learning to trade the markets and a lot of this rings true. Theres so much bad advice out there, especially related to emotions. Its truly a battle of self, building an edge and sticking to it. Btw, the method I am using is based on Wyckoff, the principles of which are over 100 years old. The market never changes.
@Goady1000
5 ай бұрын
The market changes daily so that advice is ludicrous
@wokelefty
5 ай бұрын
I would say nothing is more changeable than the markets.
@vulgartrendkill
5 ай бұрын
@@Goady1000 proof you have no idea about how markets move 😞
@Goady1000
5 ай бұрын
@@vulgartrendkill haha your dumb
I think we also need to not underplay the fact that the gamble is a major part of our drive to invest, particularly actively. Plus ultimately, now more that ever, the market will always be ahead of the investor - until it crashes.
Great podcast, really interesting
Yippeee!
Another really interesting guest. Good work lads.
@MakingMoneyPodcast
5 ай бұрын
Glad you enjoyed it
Excellent episode and guest… nice one 🙏🏼
@MakingMoneyPodcast
5 ай бұрын
Glad you enjoyed it, thanks for the kind words
really interesting
J M Keynes was a successful investor; he used common sense. He saw that the demand for electrical applisnces would create a derived demand for coal, so bought coal mine shares at temporarily depressed prices.
Very interesting interview and subject!
@MakingMoneyPodcast
5 ай бұрын
We couldn't agree more, it was a great episode!
Fascinating. I wonder what will be said about us in 100 years! 😊
@DamienTalksMoney
5 ай бұрын
"That Damien was full of shit!"
@alexm7310
5 ай бұрын
@@DamienTalksMoney I doubt it! 😊
@jamieocallaghan7931
5 ай бұрын
@@DamienTalksMoney I hope not! 😂
@Goady1000
5 ай бұрын
Why did you use all the planets resources and pollute it to hell
@henghistbluetooth7882
5 ай бұрын
Depends if the dolphins remember us.
Is it just me or is Damo's big blue eyed stare quite intimidating? Speaks so softly and so well with his guests, but the lack of blinking and that stare just seems so opposed to his tone of voice 🤣
@mrjelfs3705
5 ай бұрын
Defo a serial killer waiting to happen.
@DamienTalksMoney
4 ай бұрын
@@mrjelfs3705who is waiting? 👁️ 👁️
very interesting man
@DamienTalksMoney
5 ай бұрын
He really is!
Very ironic that I just got as for sensate
How is it going to work when there are huge amounts of people investing. Everybody having workplace pensions nowadays. Surely everybody cant have a big pension fund. Whats the trade off? Everybody cant be rich ? I must be missing something simple.
just like religon
Ramin did this better 😂
Nice and chatty. Nothing new.
A game of 3 card monty