It is not normal to want prices to rise and currencies to lose their purchasing power. We look at the advantages of stable currencies and prices.Topics covered include:What's more normal, an inflationary or deflationary mindset?Why it is more normal for prices to fall due to productivity increasesHow central banks seek to overcome productivity-induced deflation by increasing the money supplyHow inflation and ongoing currency debasement encourage debt, the financialization of housing, and keep unprofitable companies in businessHow gold, Bitcoin, stocks, real estate, and other assets help us overcome currency debasementSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsNetSuite – Get your free KPI checklistAsset Camp WebinarInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesIs Japan finally becoming a "normal" economy?—The Financial TimesBroken Money by Lyn AldenA Complete Guide to Understanding and Protecting Against Inflation—Money for the Rest of UsRelated Episodes431: The Long-term Bullish Case for Gold429: Which Inflation Protection Strategies Worked and Which Didn’t? 389: Is Airbnb Intensifying the Housing Crisis?253: Are IPOs the New Ponzi Scheme?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Some analysts suggest that now is an incredibly attractive entry point to invest in emerging market bonds. We look at how to do this and whether you should.Topics covered include:How emerging markets bonds have performed relative to U.S. bondsHow frequently have emerging markets bonds defaultedWhat is the difference between local currency and U.S. dollar-denominated emerging markets bondsWhy emerging markets nations are reformingWhat are the ways to invest in emerging markets bonds and what factors should you considerSponsorsBetterment - the automated investing and savings appMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesEmerging Local Debt: A Once-In-A-Generation Opportunity? by Victoria Courmes—GMOEM Sovereign Defaults at Record Level, but Rating Outlooks More Balanced—Fitch RatingsThe big opportunity in emerging market debt by Victoria Courmes—The Financial TimesDefault Risk Fades in Emerging Markets as Riskiest Bonds Soar by Zijia Song, Giovanna Bellotti Azevedo, and Srinivasan Sivabalan—BloombergThe weakest links in the global economy are on the mend by Ruchir Sharma—The Financial TimesHow to invest in closed-end funds - Money for the Rest of UsInvestments MentionediShares JP Morgan USD Emerging Markets Bond ETF (EMB)iShares JP Morgan Emerging Markets Local Currency Bond ETF (LEMB)DoubleLine Low Duration Emerging Markets Fixed Income Fund (DELNX)DoubleLine Emerging Markets Fixed Income Fund (DLENX)Virtus Stone Harbor Emerging Markets Income ETF (EDF)DoubleLine Income Solutions Fund (DSL)Morgan Stanley Emerging Markets Debt Fund (MSD)Morgan Stanley Emerging Markets Domestic Debt Fund (MSD)Related Episodes411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha MehtaHow to Invest in Closed-End FundsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this conversation with financial advisor Josh Jalinski, David shares his views on constructing and benchmarking portfolios, factor investing including growth versus value, and managing regret. We explore a number of asset classes and strategies including dividend investing, leveraged loans, closed-end funds, equity REITs, and China. We also discuss how to manage retirement assets.SponsorsNetSuite Monarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesJosh Jalinksi - Financial QuarterbackSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why most households are in better financial shape than prior to the pandemic, but remain frustrated at their lack of economic progress.Topics covered include:How consumer sentiment surveys are designed and their current findings.Reasons behind consumer frustration with increasing prices amidst declining inflation rates.The magnitude of the inflation shock and its underlying causes.The concept of reference prices and their significant role in shaping consumer sentiment.Factors contributing to the high levels of economic uncertainty among households.Key elements required for enhancing consumer confidence in their economic future.The political repercussions stemming from widespread economic dissatisfaction.SponsorsBetterment – the automated investing and savings appLong Angle is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesSurveys of Consumers—University of MichiganConsumer sentiment climbs amid split views on business outlook—University of MichiganThe Purchasing Power of American Households—U.S. Department of the TreasuryUnemployment Rate—St. Louis FedWe Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street JournalIt’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street JournalConsumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! FinanceKraft Heinz ups ad spend, changes leadership by Christopher Lombardo—StrategyMany Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York TimesCovid-19 Coronavirus Pandemic—WorldometerRelated Episodes380: How Stories Drive Our Happiness and Financial Success294: How Stories Go Viral and Drive Economic Events286: Coronavirus and the Financial Impact of PandemicsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to use covered call and buy-write strategies to generate income while understanding the risks and having realistic return expectations.Topics covered include:How covered call strategies workHow much can you earn investing in covered call strategiesWhat are some numerical examples based on current option pricesHow covered call strategies can be used for both stock and bond ETFsWhat are some covered call ETF examplesSponsorsLong Angle is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.NetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusInvestments MentionedJP Morgan Equity Premium Income ETF (JEPI)JP Morgan Equity Premium Income Fund (JEPIX)Global X NASDAQ 100 Covered Call ETF (QYLD)Global X S&P 500® Covered Call ETF (XYLD)iShares 20+ Year Trs Bd Buywrt Stgy ETF (TLTW)WisdomTree PutWrite Strategy Fund (PUTW)Related Episodes467: Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth418: Bond Investing Masterclass321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments and banks. How hoarding and unfair competition can lead to economic distortions.Topics covered include:How spending and saving are connected including the paradox of thriftHow borrowing money can lead to higher income and savings and potentially to bubblesHow hoarding differs from investing and why too much hoarding can deprive businesses of capitalHow lightbulbs, grocery stores, and kitchen appliances could be examples of unfair competition and planned obsolescence.What role do we play as participants in this coordinated economic dance?SponsorsBetterment – the automated investing and savings appLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesWait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. LouisRents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria BooksFTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade CommissionThe Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street JournalRelated Episodes288: Will Early Retirements Crash the Economy?222: Why We Overpay and How It Contributes To Income InequalitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Berkshire Hathaway doesn't pay a dividend, its cash pile keeps growing, and Buffet says it's gotten too big to make acquisitions that can impact the company. Meanwhile, utility ETFs have a steady 3.5% dividend yield. Which will be the better-performing investment going forward?Topics covered include:How has Berkshire Hathaway performed relative to the S&P 500 Index and other active managersWhy Warren Buffett believes Berkshire's electric utility holdings were a mistakeWhy California has some of the highest utility rates in the U.S.Why Berkshire Hathaway will eventually need to pay a dividend even though it doesn't currentlyGoing forward, will it be more profitable to invest in Berkshire Hathaway, a utility ETF, or an index fundSponsorsShopify - Sign up for a $1 per month trial periodNetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBerkshire Hathaway 2023 Shareholder Letter The Man Preparing for a Berkshire Hathaway Without Warren Buffett by Justin Baer—The Wall Street JournalWarren Buffett admits Berkshire Hathaway’s days of ‘eye-popping’ gains are over by Eric Platt—The Financial TimesActive vs Passive Investment Management Barometer Report—MorningstarBuffett sounds wildfire alarm as utilities industry enters new era by Eric Platt and Myles McCormick—The Financial TimesPaying for Electricity in California: How Residential Rate Design Impacts Equity and Electrification—Next10Investments MentionedBerkshire Hathaway Inc Class B (BRK.B)Vanguard Utilities ETF (VPU)Related Episodes466: Does Dividend Investing Still Work?463 Plus: Model Portfolios, UK versus US Valuations, MCI Premium, and MFD Proxy Battle444: Natural Disasters: Are They Truly Increasing? 242: Should You Let Warren Buffett Manage Your Money?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Japan's stock market recently exceeded the all-time high first set in December 1989. That's 34 years of zero price appreciation for the stock market. What drove this lackluster performance, will it continue, and what can we learn from it?Topics covered include:How big was Japan's stock bubble, and how much did it contribute to the stock market's underperformance over the past three decadesHow do Japan's demographic trends impact its economic challenges, and what are the solutionsWhy Japan's houses are built to depreciate in valueWhat lessons can we learn from Japan's extended bear marketSponsorsMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesJapan’s Nikkei 225 index eclipses record high after 34 years by Leo Lewis—The Financial TimesInvestors eye further gains after Nikkei breaks through 1989 high by Leo Lewis and Kana Inagaki—The Financial TimesRelated Episodes235: What If Home Prices Always Declined178: Japan and the Impact of A Shrinking Population73 Plus: Investing In Japan38 Plus: Time Wealth and JapanSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the ETF market is changing, why ETFs should be your preferred investment vehicle, and how to analyze ETFs to generate better investment performance.Topics covered include:How large have fund flows been away from active mutual funds into ETFsHow big are the largest ETF families and how has their market share grownWhy the rise of active ETFs blurs the distinction between active and passive investingWhy there doesn't appear to be an indexing price bubble, but the rise of passive investing has impacted volatility and decreased stock price informativenessA framework for how to analyze markets and select ETFs for your portfolioSponsorsLong Angle is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.NetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesGlobal Fund Flows Dominated by Fixed-Income and ETFs—MorningstarIt’s Official: Passive Funds Overtake Active Funds by Adam Sabban—MorningstarETF Issuer League Tables—VettaFiGlobal ETF Market Facts: three things to know from Q3 2023 by Samara Cohen—iSharesRise of Passive Investing - Effects on Price Level, Market Volatility, and Price Informativeness by Pawel Bednarek—SSRNInvestments MentionedSPDR® S&P 500® ETF Trust (SPY)JPMorgan Equity Premium Income ETF (JEPI)Avantis US Small Cap Value ETF (AVUV)Related Episodes426: Which is Best – Active or Passive, ETFs or Funds?321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stocks that grow their dividends have outperformed non-dividend-paying stocks over the long-term, but not in the past 5, 10, and 20 years. Why are non-dividend paying stocks outperforming dividend growers, and will it continue?Topics covered include:What message do companies say when they initiate, grow, or cut their dividendWhat is dividend smoothingHow have dividend payers performed relative to non-dividend payersWhy have non-dividend payers, which are primarily growth stocks, outperformed dividend payersHow the payout ratio and return on equity impact dividend strategiesWhat are reasons to include dividend strategies in your portfolioSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsBetterment - the automated investing and savings appInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe dividend puzzle by Fischer Black—The Journal of Portfolio ManagementCan Dividend Investing Rise From the Dead? by Jon Sindreu—The Wall Street JournalEinhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant Investing by Matthew Griffin—BloombergYour Mutual Fund Stinks. Can This Wall Street Invention Change That? by Jason Zweig—The Wall Street JournalAsset CampInvestments MentionedWisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)WisdomTree Emerging Markets High Dividend ETF (DEM)Vanguard Dividend Appreciation ETF (VIG)iShares Core S&P 500 ETF (IVV)Related Episodes429: Which Inflation Protection Strategies Worked and Which Didn’t? 342: Is Another Great Inflation Coming?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Humans are wired to feel regret. Here's how to learn from financial regret to become a better investor.Topics covered include:What cognitive biases make feelings of financial regret unavoidableWe analyze two regret case studies - one from David and one from a Plus memberWhy do we avoid big regrets but manage through small onesFive cognitive tricks to help manage financial regretsSponsorsNetSuite – Get your free KPI checklistLong Angle is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.Money for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesFooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb—Penguin Random HouseRelated Content448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium408: Is Success Due to Hard Work, Talent, or Luck?What Is Risk vs Uncertainty?53: Should You Invest In Bitcoin?Investments MentionedVanguard Long-Term Bond ETF (BLV)Vanguard Extended Duration Trs ETF (EDV)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Professional investors and other market participants are lousy at forecasting interest rates. Here are three more options to lock in higher yields today.Topics covered include:The risk of buying long-term bonds and ETFs to benefit from falling yieldsHow volatility drag has impacted a long-term bond ETF like TLTWhy interest rates won't go up just because the government issues more bondsHow CDs, fixed annuities, and zero-coupon bonds workWe compare and contrast the seven fixed-income options reviewed in this two-part seriesSponsorsMonarch Money – Get an extended 30-day free trialMoney for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesInvestors may be getting the Federal Reserve wrong, again—The EconomistToday's Best Multi-Year Guaranteed Annuities—Immediate AnnuitiesZero-Coupon Treasuries Flew Off Shelves During October Yield Surge by Elizabeth Stanton—BloombergInvestments MentionediShares 20+ Year Treasury Bond ETF (TLT)Invesco BulletShares 2029 Corporate Bond ETF (BSCT)Related Episodes463: How to Lock in Higher Yields in Case Interest Rates Fall418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With cash yields expected to fall, here's how you can keep your portfolio income elevated by purchasing longer-term individual bonds and bullet ETFsTopics covered include:How future short-term interest rates, inflation expectations, and term premiums impact long-term interest ratesHow each of those rate drivers contributed to the close to 1% drop in interest rates in the past three monthsHow yield to maturity is our guide to locking in a fixed return using individual bonds or bullet ETFsHow bullet ETFs work and what are some examplesWhat are callable bonds and how to analyze themHow to analyze municipal bondsWhy we might want to lock in higher yields todaySponsorsBetterment - the automated investing and savings appMoney for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesTerm Premium on a 10 Year Zero Coupon Bond—FRED Economic DataInvestments MentionedVanguard Total Bond Market ETF (BND)Invesco BulletShares 2030 Corporate Bond ETF (BCSU)iShares iBonds Dec 2026 Term Trust ETF (IBTG)Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)Related Episodes455: Easier Investing, Richer Life: TIPS Ladders to Annuities453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising?452: Beyond Stocks: The Allure and Strategy of Credit Investments448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore reasons for buying Bitcoin using one of the new Bitcoin ETFs. We also consider the risks.Topics covered include:Why the SEC finally decided to approve spot Bitcoin ETFsWhat are the fees and structure of these new Bitcoin ETFsHow Bitcoin is similar and different from the fiat money systemWhere Bitcoin fits in an investment portfolioSponsorsLong Angle is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.NetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesStatement on the Approval of Spot Bitcoin Exchange-Traded Products - SECCoinbase at the Center of Bitcoin ETF Draws Envy and Risks - BloombergFederal Reserve Balance SheetRelated Episodes362: Should You Invest in a Bitcoin ETF?355: Which Money Is Crazier: The U.S. Dollar or Bitcoin?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The intricate dance between profession, risk, lifestyle, and luck in determining how net worth grows.Topics covered include:The various factors that shape the growth of net worth, including professional choices, risk tolerance, and lifestyle decisions.David Stein's personal account of how these elements influenced the trajectory of his financial growth.Insights into the range of net worth increases observed in 2023, driven by the performance of financial markets.The importance of focusing on one's output quality and personal journey of wealth creation, rather than fixating on comparisons with others' net worth.SponsorsShopify - Sign up for a $1 per month trial periodLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesManaging Oneself by Peter F. Drucker—Harvard Business ReviewSoloing: Realizing Your Life's Ambition by Harriet Rubin—HarperCollinsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The pros and cons of investing your retirement assets 100% in equity, including half in international stocks. Why the 4% spending rule is too aggressive.Why historical asset class return studies that use only U.S. data are biasedHow researchers build a broader database to study retirement outcomes and spending ratesHow a 100% stock portfolio performed compared to balanced portfolios and target date fundsWhy investors should have half their assets in international stocksWhy a 4% spending rule is too high, and what is the alternativeSponsorNetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBeyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice by Aizhan Anarkulova, Scott Cederburg, and Michael S. O'Doherty—SSRNThe Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty, and Richard W. Sias—SSRNRelated Episodes421: Beware of Survivorship Bias When Investing326: The New Math of Retirement Spending and Investing254: Should You Be 100% Invested In Stocks?250: Investing Rule One: Avoid RuinSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We close out 2023 by answering your questions on active vs passive management, market timing, investing for status, what we learned from Charlie Munger, thoughts on a coming recession, worst investment mistakes, recent books that changed us, and more.  SponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesHow the World Really Works by Vaclav Smil—VikingThe Day the World Stops Shopping by J.B. Mackinnon—Harper CollinsEarth for All: A Survival Guide for Humanity by Sandrine Dixson-Declève, et al—Earth for AllBarbarian Days: A Surfing Life by William Finnegan—Penguin Random HouseTao te Ching: Power for the Peaceful by Lao Tzu (Author) and Marc Mullinax (Translator)—Fortress PressSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Do the impressive returns in public and private markets stem from strategic financial engineering or reflect actual economic growth?How corporate profit growth is linked to economic growth, even though corporate profits are more volatileHow interest rates, tax rates, and stock buybacks influence corporate profits and stock returnsWhy there are fewer publicly traded stocksHow the increase in leveraged buyouts has impacted the economyHow private equity funds use financial engineering to boost returnsSponsorsNetSuite – Get your free KPI checklistsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesUS CEOs start to contemplate Trump, round 2 by Rana Foroohar—The Financial TimesEnd of an Era: The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns by Michael Smolyansky—The Federal Reserve10-Year Stock Market Returns—Crestmont ResearchStock Average—Crestmont ResearchStock EPS Reality—Crestmont ResearchWhat Matters More for Emerging Markets Investors: Economic Growth or EPS Growth? by Jason Hsu Jay Ritter Phillip Wool Yanxiang Zhao—Portfolio Management ResearchNominal Gross Domestic Product for United States—FRED Economic DataThe Secretive Industry Devouring the U.S. Economy by Rogé Karma—The AtlanticKey Drivers Behind Widespread Adoption Of NAV Financing by Matthew K Kerfoot—ProskauerThe Inevitable Rise of NAV Financing by Patricia Teixeira and Anastasia Kaup—Ropes & GrayHAVE EXCHANGE-LISTED FIRMS BECOME LESS IMPORTANT FOR THE ECONOMY? by Frederik P. Schlingemann and René M. Stulz—NBERLBOs Make (More) Companies Go Bankrupt, Research Shows by Alicia McElhaney—Institutional InvestorLeveraged buyouts and financial distress by Brian Ayash and Mahdi Rastad—ScienceDirectSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

One year after the release of ChatGPT, we explore the positive and negative paths AI could take and what individuals can do to assist with a positive outcome.Topics covered include:How David uses AI to increase his personal productivityThe societal and economic impacts of AI, including its potential to enhance corporate profitability and individual productivityChanges at OpenAI's executive level are examined, highlighting a shift in the organization's direction and philosophyWhat is Effective Altruism and why is it so focused on the catastrophic risks of AIWhat are the phases that would lead to a singularity in which AI poses a threat to humanityWhy AI is still in the early stages, and how should individuals, businesses and regulators treat it at this pointSponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeMoney Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesEveryday Chaos: Technology, Complexity, and How We're Thriving in a New World of Possibility by David Weinberger—Harvard Business Publishing EducationThe economic and market impact of artificial intelligence—Capital EconomicsThe Fight for the Soul of A.I. by David Brooks—The New York TimesHow a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI by Robert McMillan and Deepa Seetharaman—The Wall Street JournalA.I. Belongs to the Capitalists Now by Kevin Roose—The New York TimesThe ‘AI doomers’ have lost this battle by Benedict Evans—The Financial TimesEffective Altruism80,000 HoursWhat is the AI alignment problem and how can it be solved? by Edd Gent—NewScientistSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this bonus episode, David visits with Bill Yount and Becky Heptig of the Catching Up to Fi podcast in a wide-ranging discussion on investing using a systematic checklist approach.SponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsMoney Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.Masterworks – invest in contemporary artMasterworks Disclosure:“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesCatching Up to FIMoney for the Rest of Us bookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.