RR
Тәжірибелік нұсқаулар және стиль
In this week’s episode, Cameron and Benjamin share what’s on their mind and delve into listener questions on subjects ranging from the CAPE ratio to how to go about changing someone’s mind. Tuning in you’ll get a preview of some of the formidable guests featured on future episodes, like John Cochrane and Hersh Shefrin. We also cover book recommendations and unpack the concept of libertarian paternalism from the highly influential best-seller, Nudge: The Final Edition by Richard Thaler and Cass Sunstein, and how it can be a force for good. We cover various facets of passive investing and index funds including how, despite its proven effectiveness, many people continue to take a dim view of it. Learn why certain personality types may be more drawn to active investing and why. We also share tips for reasoning with skeptics, including some useful questions to ask when things get heated. Next, we take an in-depth look at index funds and global returns over the last century based on the research of Dimson, Marsh, and Staunton and their book Triumph of the Optimists. We also answer questions from our Talking Cents Cards and take a look at the best bad advice from the previous week. This episode is packed with fascinating anecdotes and excellent recommendations that you won’t want to miss! Tune in today!
Timestamps:
0:00 Intro
10:00 Cameron’s Recommendations/ In the News
19:47 Listener questions
37:33 Main Topic: Lessons from 100+ Years of Global Stock Returns
57:45 Talking Cents
1:01:22 Bad advice of the week / End
Links From Today’s Episode:
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t....
Rational Reminder Website - rationalreminder.ca/
Shop Merch - shop.rationalreminder.ca/
Join the Community - community.rationalreminder.ca/
Follow us on Twitter - / rationalremind
Follow us on Instagram - @rationalreminder
Benjamin on Twitter - / benjaminwfelix
Cameron on Twitter - / cameronpassmore
Nudge: The Final Edition - sites.prh.com/nudgethefinaled...
Magnify Money article: 66% of Investors Regret Impulsive or Emotional Investing Decisions, While 32% Admit Trading While Drunk - www.magnifymoney.com/blog/inv...
Rational Reminder Episode 136 - rationalreminder.ca/podcast/136
Think Again: The Power of Knowing What You Don’t Know - www.adamgrant.net/book/think-...
Triumph of the Optimists: 101 Years of Global Investment Returns - www.amazon.com/Triumph-Optimi...
7 Downsides to Passive Investing and Why it Can Be Bad for Your Portfolio - www.entrepreneur.com/article/...
Пікірлер: 26
Excellent episode. Very interesting topics. As always, amazing job. Thanks
Listened to this episode twice, then print out the transcript to follow carefully since a lot of interesting statistics being referred to . (Love that you always have the transcript for non-English native to catch up.) Too many gems! The book you read, the answer for the listener's question, the main topics itself, including side-story of old-day Felix : ) They are all wonderful. I listened and read and nodded and smiled to myself. Love your podcast.
20 minutes of fear and joy. Thanks.
Big thanks for suggesting to slow down from 2x speed for the predictability section, you were right
Listening to the episode's opening, I just want to add: your content in yb is by far the best one available. Keep the good work!
Great Podcast. I allways listen to your news.
Based on the timing of csi and rr episodes from the past couple years, Ben and Cameron would have been successful active managers. The spac episode, the tech revolution episode, the bear market csi episode, small cap value episode, as well as many others were timed just about right. I’m not suggesting active management works, it’s just ironic that they would have done well.
@jamescarroll489
2 жыл бұрын
Had the same experience during early pandemic. Can confirm. Did you buy PTON when Cameron mentioned it? ;)
@bjohns347347
2 жыл бұрын
@@jamescarroll489 No, unfortunately I didn’t make trades based on the information included in individual episodes, but I did start converting individual stocks into indexes over a year ago after listening to multiple episodes. This has helped out my returns as well as peace of mind. I still have more stocks to convert but capital gains are complicating things.
Thank goodness for VT.
Looking forward to Cochrane's interview. The reference I think is to 'Dog that did not bark' where he creates the data artificially in which forecastability works perfectly but the statistical test _still_ fails out of sample because of how noisy the data is. In particular, using short periods to forecast future does not work due to the noise hence diagnostic vs test, and the caveat is that the diagnostic is expected to fail due to sparse noisy data.
Great Podcast.
"I believe that the market will see relatively flat growth as the global economic environment stabilizes," Mr. Felix continues. In this kind of environment, he believes in having "professional active management … as an integral part of his investment plan."
You only have access to your created account portfolio on the website where transferred investments are displayed and your daily profit too from each trade session
I learnt something not related to finance during this podcast: that the word 'shambolic' isn't used as much in Canada as it is here in Australia :-)
"Don't be a logic bully" 😉
Since 1802, the value of an investment in US stocks has been winding around a long term trend which grows by 6.5% per year plus inflation. Why should we consider a 200+ year trend an anomaly that will likely not continue?
@rationalreminder
2 жыл бұрын
community.rationalreminder.ca/t/us-stock-market-vs-the-rest-of-the-world/11819
I don't know if you can count getting older as a creative way of saving money.
If I weren’t so in love with Tesla, I’d follow this sage advice closely. I’m weak
@thesorrow312
Жыл бұрын
Hows that workin out for ya?
These data from 1900's is super scary. I dont even feel comfortable now as an adult in 20s in my VEQT investment knowing that that has been decade long periods of bear markets or decades of bonds being a loss :(. How to I keep my money protected against inflation without fearing long decades of war or bearish markets?
@rationalreminder
2 жыл бұрын
Those were individual country data. Global investors have fared better.
good bad advice lol
First /s