Thanks! for the kind comment Bill. I hope the work of my old firm is continuing to give you peace of mind and a reasonable return. I sure wish they had told me to sell everything and buy Bitcoin a couple of years ago. Yes, I know what you are thining---There is no risk in the past. We always know what we should have done
Paul is bang-on the engineers part haha. I am an engineer and can’t stop watching all of your podcasts/videos. One of the best episodes for sure if the not absolutely best! Thank you.
Amazing episode! As a long time listener I want to say that you two helped me learn so much about investing that I would have never learned without you. So he's right when he's talking about what you are doing for me and others. Thank you so much!
Great guest and interview! I have been following Mr Merriman's work for a while. Unfortunately, as an investor from the European Union, I can't implement some of his ideas, but I still appreciate them. One more thing - It was great that you let him speak without interrupting him.
3 года назад+1
If you are looking for Small Cap Value ETFs according to UCITS regulation check out ZPRV and ZPRX.
Me too, listen to Sound Investing for a long time, but difficult to implement in Germany. JLCollins blog has an episode for european investors, he also is a great Vanguard fan. Same problem with fidelity funds "Our Rich Journey" recommended them due to there low (or not existing) fees. Paul talked about them too in the interview - they cost a lot more in Europe (Germany) compaired to the US - if they are offered at all...
Urgent! I absolutely loved when you blurred the sharp line between your camera images. It gave a sense of you both being in the same room, proving continuity rather than division between the two of you. That blurred line is now a harsh and sharp seam that draws the eyes. Bring back the blurred seam!!!
3 года назад+4
Great interview. I am now implementing small cap value into my portfolio. I also read Paul Merrimans book and made a video about it on my channel to spread the message and help Czech investors. There is almost no information about this in Czech republic and banks are offering only active mutual funds. Investment industry and advice is mostly 40 years behind in my country.
FYI, on May 10 I am doing a discussion with Victor Vulpescu . If you get a chance to watch you may conclude that information would be helpful to your followers. I appreciate your commitment to helping others. Let me know how I can help.
3 года назад
@@paulmerriman2947 I will watch, thanks for the tip!
Rather confusing contradiction at 22:00: "In the international you do the small-cap blend, in the US you do the small-cap value, which works out beautifully because it's hard to get small-cap blend internationally, it's easy to get small-cap blend in the US". So which one is it? If it's easy to get small-cap blend in the US why do the small-cap value in the US? Thanks Paul Merriman for your time sharing this information, and of course thank you again Ben and Cameron for these amazing videos!
@@DocWilly77 Pretty bad mistake to make given that it's a simple 4-fund strategy! And some people may now go and buy small-cap blend in the US rather than small-cap value... which would totally blow the returns.
I’m a huge fan of all three of you and this was an excellent episode. I appreciate the work you guys do for others, and, as an aspiring academic in philosophy and the sciences, really appreciate the way evidence-based research forms such an integral part of your advice and content. You include clear, concise explanations and a treasure trove of citations which someone curious but new to markets and finance such as myself can use to happily jump into the deep end. Thank you. There are a ton of names and faces out there but I think I’m zeroing in on the few whose thoughts and content I don’t want to miss, and you guys are right at the top.
thank you for this. I look forward to all and enjoy most every one of your podcasts. This week I appreciated how straightforward and uncomplicated all three of you were. well worth my time, and i thank you for yours.
Be very careful, he starts the episode praising Vanguard & Jack Bogle to lend him credibility. Then ends telling us Bogle just got lucky. He just wants a 1% commission to manage your $$$, but he doesn't even trust himself to manage his own $$$. Ugh...... no. Enough is enough, #'s don't lie. Do your own research.
I totally agree that one must be very careful. In fact the biggest mistake investors make is trusting the wrong source of information and advice. My personal meeting with John Bogle truly was a game changer for me. John had been an annual guest on our radio show for over a decade but I had never had the chance to meet with him personally. In that meeting he did make a valid point that our recommended Vanguard Portfolios (offered free to the public since 1995) were too complicated. Since 2017 we have worked very hard to simplify our recommendations. I'm not sure you heard the whole podcast. Yes, there was a time when my firm charged investors a percentage of their assets as a management fee. But we also made it very clear how to do it all on their own. They didn't have to pay us a cent if they would just open up an account at Vanguard and follow our Vanguard recommendations. In 2012 I sold my firm and totally retired from the investment advisory business. I was retired for about an hour and then founded our financial education foundation. Since that time I have worked virtually full time trying to help others improve their financial future. I suspect you won't believe this but I have not taken a penny in compensation for my work since 2013. My point about John Bogle's luck is an important one and he agreed. Yes, people make their luck but he had the wind at his back, as did millions of investors, from 1976 through 1999 (over 17% compound rate of return) . Since then the S&P has made almost the same as a long term government bond. As to having an advisor that's a no-brainer. I am not, and never have been, a financial planner. I am not and never have been an attorney. I know a lot about investing. There is a lot more to establishing and managing a financial plan than investing the money. In fact the investing part is very simple. I know my strengths and weaknesses and having someone else take care of the details allows me to live a more peaceful life. As I included in the title of the book that was written to support a PBS show that I was part of in 2011, it's about making more money, with less risk and more peace of mind. Having "enough" along with peace of mind is a nice combination for me. I hope you have it too.
@@paulmerriman2947 Consistency is key. 1 minute you say 1 thing, wait 30 minutes you say the exact opposite, done on numerous occasions. Conclusion........ charlatan.
Just do your own homework and research the performance #'s for yourself. Don't take anybody else's word for it, do your homework. Yahoo, Morningstar, Investopedia, all have done the crunching for you. Paul has given us some hints, now it's up to you to figure out who's right. After all, it is your $$$.
@@superslyko123 I really don't understand what your point is - give me the numbers you constantly are talking about and tell me about the contradictions Paul Merrimans does in your mind. We need arguments to learn something, not offensive opinions. I well understood his explanation why he admires JohnBogles work and also thinks he was lucky. Same thing with Warren Buffett: great skills but he always says he also was very, very lucky - due to the time period he established his success.
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I agree with what Paul said in his first sentences. "you guys are changing life's"
big thank you from Berlin
I want to thank Paul Merriman for his work. I have been following Paul for over two decades, and a client for almost two decades.
Thanks! for the kind comment Bill. I hope the work of my old firm is continuing to give you peace of mind and a reasonable return. I sure wish they had told me to sell everything and buy Bitcoin a couple of years ago. Yes, I know what you are thining---There is no risk in the past. We always know what we should have done
Big thanks to Ben, Cameron and Paul! You all just doing great impact on DIY investors like me! Greetings from Russia, keep up the good work :)
One of the best episodes, addressed all the key questions with a fresh perspective
Paul is bang-on the engineers part haha. I am an engineer and can’t stop watching all of your podcasts/videos. One of the best episodes for sure if the not absolutely best! Thank you.
Whoa, that was a good one.
Quite possibly the greatest interview of all time
Lol. Quite possibly the biggest overstatement of all time
Fantastic episode! I've been wondering when you'd bring Paul Merrimiman on the show as there is so much overlap between what you all do.
Amazing episode! As a long time listener I want to say that you two helped me learn so much about investing that I would have never learned without you. So he's right when he's talking about what you are doing for me and others. Thank you so much!
My absolute favorite Rational Reminder episode!
Thaks for organizing great interview !
Brilliant - one of my favorite episodes thus far.
I am still in awe after this one, Unbelievable.
Great guest and interview! I have been following Mr Merriman's work for a while. Unfortunately, as an investor from the European Union, I can't implement some of his ideas, but I still appreciate them.
One more thing - It was great that you let him speak without interrupting him.
If you are looking for Small Cap Value ETFs according to UCITS regulation check out ZPRV and ZPRX.
Me too, listen to Sound Investing for a long time, but difficult to implement in Germany. JLCollins blog has an episode for european investors, he also is a great Vanguard fan. Same problem with fidelity funds "Our Rich Journey" recommended them due to there low (or not existing) fees. Paul talked about them too in the interview - they cost a lot more in Europe (Germany) compaired to the US - if they are offered at all...
Urgent! I absolutely loved when you blurred the sharp line between your camera images. It gave a sense of you both being in the same room, proving continuity rather than division between the two of you. That blurred line is now a harsh and sharp seam that draws the eyes. Bring back the blurred seam!!!
Great interview. I am now implementing small cap value into my portfolio. I also read Paul Merrimans book and made a video about it on my channel to spread the message and help Czech investors. There is almost no information about this in Czech republic and banks are offering only active mutual funds. Investment industry and advice is mostly 40 years behind in my country.
Same in Romania unfortunately. I think this happens in most Eastern European countries.
FYI, on May 10 I am doing a discussion with Victor Vulpescu . If you get a chance to watch you may conclude that information would be helpful to your followers. I appreciate your commitment to helping others. Let me know how I can help.
@@paulmerriman2947 I will watch, thanks for the tip!
What a fantastic episode, loved every minute! Certainly one of your most interesting for me. Thank you!
Scrooge McDuck was my hero as a child. Got me into investing
This is a gem of an episode! Thank you for this!
THIS IS THE VIDEO I'VE BEEN SEARCHING FOR!
Had to come back and listen to this one after the way 2022 has been going... thanks gents
Paul is a treasure!!!! Thx
Fantastic episode. I make a spreadsheet to keep my behaviour out of the equation.
What a feelgood episode
Rather confusing contradiction at 22:00: "In the international you do the small-cap blend, in the US you do the small-cap value, which works out beautifully because it's hard to get small-cap blend internationally, it's easy to get small-cap blend in the US". So which one is it? If it's easy to get small-cap blend in the US why do the small-cap value in the US? Thanks Paul Merriman for your time sharing this information, and of course thank you again Ben and Cameron for these amazing videos!
He meant small blend is easy to get internationally, but small value is easier to get in the US.
@@DocWilly77 Pretty bad mistake to make given that it's a simple 4-fund strategy! And some people may now go and buy small-cap blend in the US rather than small-cap value... which would totally blow the returns.
I’m a huge fan of all three of you and this was an excellent episode. I appreciate the work you guys do for others, and, as an aspiring academic in philosophy and the sciences, really appreciate the way evidence-based research forms such an integral part of your advice and content.
You include clear, concise explanations and a treasure trove of citations which someone curious but new to markets and finance such as myself can use to happily jump into the deep end. Thank you.
There are a ton of names and faces out there but I think I’m zeroing in on the few whose thoughts and content I don’t want to miss, and you guys are right at the top.
thank you for this. I look forward to all and enjoy most every one of your podcasts. This week I appreciated how straightforward and uncomplicated all three of you were. well worth my time, and i thank you for yours.
I can't thank you enough for this video!
Fantastic episode! Well done!
Great guest!
Epic podcast guys!
Amazing
Lol there's 2 thumbs down. Wth
First one to like !!!!
Be very careful, he starts the episode praising Vanguard & Jack Bogle to lend him credibility. Then ends telling us Bogle just got lucky. He just wants a 1% commission to manage your $$$, but he doesn't even trust himself to manage his own $$$. Ugh...... no. Enough is enough, #'s don't lie. Do your own research.
I totally agree that one must be very careful. In fact the biggest mistake investors make is trusting the wrong source of information and advice. My personal meeting with John Bogle truly was a game changer for me. John had been an annual guest on our radio show for over a decade but I had never had the chance to meet with him personally. In that meeting he did make a valid point that our recommended Vanguard Portfolios (offered free to the public since 1995) were too complicated. Since 2017 we have worked very hard to simplify our recommendations. I'm not sure you heard the whole podcast. Yes, there was a time when my firm charged investors a percentage of their assets as a management fee. But we also made it very clear how to do it all on their own. They didn't have to pay us a cent if they would just open up an account at Vanguard and follow our Vanguard recommendations. In 2012 I sold my firm and totally retired from the investment advisory business. I was retired for about an hour and then founded our financial education foundation. Since that time I have worked virtually full time trying to help others improve their financial future. I suspect you won't believe this but I have not taken a penny in compensation for my work since 2013. My point about John Bogle's luck is an important one and he agreed. Yes, people make their luck but he had the wind at his back, as did millions of investors, from 1976 through 1999 (over 17% compound rate of return) . Since then the S&P has made almost the same as a long term government bond. As to having an advisor that's a no-brainer. I am not, and never have been, a financial planner. I am not and never have been an attorney. I know a lot about investing. There is a lot more to establishing and managing a financial plan than investing the money. In fact the investing part is very simple. I know my strengths and weaknesses and having someone else take care of the details allows me to live a more peaceful life. As I included in the title of the book that was written to support a PBS show that I was part of in 2011, it's about making more money, with less risk and more peace of mind. Having "enough" along with peace of mind is a nice combination for me. I hope you have it too.
@@paulmerriman2947 Consistency is key. 1 minute you say 1 thing, wait 30 minutes you say the exact opposite, done on numerous occasions. Conclusion........ charlatan.
Just do your own homework and research the performance #'s for yourself. Don't take anybody else's word for it, do your homework. Yahoo, Morningstar, Investopedia, all have done the crunching for you. Paul has given us some hints, now it's up to you to figure out who's right. After all, it is your $$$.
@@superslyko123 I really don't understand what your point is - give me the numbers you constantly are talking about and tell me about the contradictions Paul Merrimans does in your mind. We need arguments to learn something, not offensive opinions.
I well understood his explanation why he admires JohnBogles work and also thinks he was lucky. Same thing with Warren Buffett: great skills but he always says he also was very, very lucky - due to the time period he established his success.
What are you talking about he's a retiree who runs a non profit he doesn't want your money.