Hey guys, what are your key takeaways from this episode? Quick side note: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I don't believe in luck I believe in trust and understanding. I've been trading forex for some months now and I've made good amount of money of over $78,100 with her simple strategies of trading. Meeting with stacy has been one of my best experience these past few months and am expecting more withdraws from her
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
My take aways 1. Plan to have a long time frame 2. Research on investing comes at a cost , for buffet it’s family and social life 3. Leverage can lead to downfall . Don’t aim to get rich quickly . 4. 99 percent of your returns will be determined by what you do during 1 percent of the time. 5. Risk is what is left after what you think you took care of everything.
@@scarfo441 Which is the vast majority of actions and outcomes. One’s circle of influence is quite small compared to the vast sea of possibility in life
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $120,000 bond/stock portfolio.
@@Aziz__0 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.
@Margaret my financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.
Stay in the market. Keep buying and buying and buying. If you had and hopefully you did you would be up a lot in 11 months. I have been through 2000 and 2008 didn’t panic kept on investing
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@hermanramos7092 My consultant is‘’Christine Jane Mclean’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
This was such a great discussion. And I'm a HUGE fan of long term index investing where I too buy the entire market. My goal is to never sell unless maybe, maybe if it's life changing. I want to make more money not to be able to spend more or have more "fun" but to invest more. And it doesn't matter if the market is up or down. And since there's no such thing as saving/investing too much money, I just keep stuffing that thing.
Some amazing insights. The one where investors unfortunately take cues from investors who are playing a different game really hits home. It’s messed me up many times
Morgan provides the absolute best investment advice bar none, on the internet or anywhere .... and I've watched literally hundreds of channels and investing decades longer than him!
People want to be successful like Buffett but very very few are willing to be that dedicated and that patient. And as Housel has stated, if your expectations are over the top, your results and satisfaction will be under the table (my words).....
That was a great interview! I listened to the full audio book before this. I learned so much from both! About WW2, M1 changes, fascinating!!! Thank you so much 😊
Everything Morgan does is great! He helps you learn how to invest and thrive. A Teenager’s Guide on how to Invest Like Warren Buffett teaches the key investment principles to new investors.
While there is plenty to glean from the Buffet story, it's crucial to recognize he came about during the expansion and zenith of empire USA. The situation today is quite different as the empire is well into its sunset phase. Be adaptive.
Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan? Basically, I just made my first $100,000 in a time of high Fed pivots, you should consider investing in mutual funds like Vanguard, Schwabs, or Fidelity. Crypto is also good because the returns are quite high, but to be on the safe side. Choose stock-based mutual funds
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan
@@charleskurt2152 I should retire in a few months, so any tip would be nice, and yes i have also tried to get a cfa but it is hard to find one that truly grasps the entirety of the different sectors, i am very open minded plus if i can't have it all then there is no point, if you get what I mean
@@sylvester9592 sure, it took a while to find the right cfa for me but it has been up from there honestly, my cfa has been great so all my profit margin success is just honestly him
I started investing March 2020! :) I think the best moment was really "seconds" before the pandemic hits, the global markets were suffering from the oil prices being in a all time low in a fabricated manner!
I wanna add, I practice and back test and run my strategy over and over, go over my data, but I enjoy doing this. I do not move my capital lightly, I take all emotion out of my strategy or I would be all over the place, if I worked with my emotions I would be homeless, I do not have it in me to see loses or not pull profit, I’m not capable of it 😂, so I let my risk management handle that. I also keep my long term security away from my passion and love for trading, I do the buffet strategy for my security, I make sure it’s consistent.
Love it how the interview always ends right when theres hints that Bitcoin Shills are wrong. That whole M1 and M2 money supply bit was amazing and well versed. Morgan is truly gifted.
What a great talk. Especially the details of M1 and M2. One thought on Buffett's methods of investing might be still relevant. Monish Pabrai or Nick Sleep are most current adoptors of Buffett style of investing.
Investing in the stock market & crypto market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I'm keeping a diversified portfolio. !!!
Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go
@@jamesdrew296 That's impressive!!! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ??
@@jamesdrew296 please how can I reach this PATRICIA DRITA JOSEFINA guiding you?, i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.!!!!!!
Wow, this talk is excellent! And it took me until near the end to realize that it is almost one year old (yet all the points in the talk is still relevant.) I would really like to see an updated discussion of the current time (March of 2023) with Morgan Housel again.
"Luck/timing" plays a major role in the outcome of your investment returns..I bought a 1000 shares of Qualcomm at $50/share when most analysts believed the stock was Destin to a $1000 a shares before Alain Greenspan said " irrational exuberant " that crush the 1990 stock market. Ps. Cmrc stock stock when from $80/ shares to $997/ share within four months.
29:52 you got it backwards; you don't figure out what return you need to reach your goal because you can just look at historical data for that. If you need more by a certain date, you need to invest more today.
I mostly invest in REITs for my pension as they pay good dividends so that in retirement I can spend the dividends instead of reducing my fund by 3% a year idea and run out of money if I live a long life (which I plan to do!)
I always knew the 50’s and 60’s were a great time in the US, but when he said it was because we got manufacture everything even for Germany and Japan that was a light bulb flashing on moment for me. Its funny how I can know and accept something but not have understood the “why” of it 😅
Time traveller from the future. Things really aren’t looking good for DCA. There seems to be a structural change that will punish this theory. It will be interesting to check back in a couple years.
"What is my goal?" Most of us enter the market with a clear goal, but the market's products are as intoxicating as supplies in a bar. You start out needing to quench your thirst, and end up betting on wrestling somebody in the bar. Choosing the right drink takes maturity and clarity of purpose.
Excellent interview. The only problem I have is 50 years statement. He might not be alive in 35-40 years. But, VTI is the best strategy for sure! One of the sharpest man I heard! Listening his book.
Why does anyone go for more than what they need or want? Why did MJ keep playing ball? Why does Buffett think about investments while he’s on the can - still to this day. Same reason. Love of the game. If one doesn’t enjoy numbers, 10-k’s and keeping up on businesses, than the DCA into index funds is absolutely the right financial choice for many. But if they do enjoy what Buffett enjoys, than they should not sit on the sideline and settle for the market average; even if the market average achieves all their financial goals. It does not complete them. To them, investing is the fun part. It’s their passion and it’s financially rewarding. And if it’s not financially rewarding they should learn to index, because losing isn’t fun. Cheers!
Wow this guy called it. I didn't realize this was an interview from a year ago till I heard him talking about having inflation this summer and I was like what??
Awesome video! But, will the index fund really outperform the index-like fund of legendary investor Warren Buffett, Berkshire Hathaway. Is the overvalued S&P lower risk than a cash cow like Berkshire? I’m not so sure.
You can absolutely learn to be more patient by developing healthy self-soothing techniques. Mindfulness and meditation can help build such skills, along with many other intentional practices.
The first half of this interview was better than the second half. The economy didn't do better because of a "flatness" or a more equal distribution of wealth. Neither did it do worse because of a keeping up with the Jones kind of mentality. It mostly has to do with the fed moving us off of hard money standards towards a paper fiat standard.
Yo these comments are crazy😂😂😂 I mean really. Every other comment someone is saying something like, “ man I see a lot losing money in the market, I JUST saved up 150k, this video will really help me” LOLE what are you talking about, I JUST saved up 150k. Bro you didn’t save anything, who just saves 150k, the second I saved 5k, my pops was like this is what you do now, go get yourself some Bonds, or CDs, or whatever, and then portfolio journey begins. You don’t just save 150k that’s just not real, who does or says these things. I guess this is what a bot is cause no human behaves this way. Poof you saved 150k, no way 😂😂😂😂 the comments are funny
Bruh. This one moment of your life investing tip is not strategic. It’s gambling. This dude is crazy. Think about what’s being said. So unlikely, so crazy, it’s not likely to know, and its a waiting game. Your gambling with a government induced inflationary asset bubble. Interest rates have steadily decline for 40 years.
Trey tried really hard to justify a "need" for bitcoin, and I'm glad Morgan pushed back a lot to correct the average bitcoiner's misconceptions. Morgan has my undying respect for this. I hope he never changes how he operates in the public eye.
Hey guys, what are your key takeaways from this episode?
Quick side note: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Time value of money
Cash flows are #1
That if Morgan was Black, he probably wouln't have quite the same amount of nostalga for the 50's and 60's.
😊😊😊😊r😊😅😅😮😮😮😮😮😊😮😮
As
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I don't believe in luck I believe in trust and
understanding. I've been trading forex for some
months now and I've made good amount of money
of over $78,100 with her simple strategies of
trading. Meeting with stacy has been one of my best
experience these past few months and am expecting
more withdraws from her
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
trading in the financial market is very volatile and risky to trade that's the reason most investors trade with a professionals
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Then, how can someone get a professional manager that is trustworthy and legit they are hard to find this days
I think | heard that name before, I stumbled
upon one of her clients testimonies here some
My take aways
1. Plan to have a long time frame
2. Research on investing comes at a cost , for buffet it’s family and social life
3. Leverage can lead to downfall . Don’t aim to get rich quickly .
4. 99 percent of your returns will be determined by what you do during 1 percent of the time.
5. Risk is what is left after what you think you took care of everything.
100 percent of the women in my life is from the 99 percentile
Risk I what's left after AaND thats out of our control
@@scarfo441 Which is the vast majority of actions and outcomes. One’s circle of influence is quite small compared to the vast sea of possibility in life
Thank you
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $120,000 bond/stock portfolio.
Investing in stocks is a good idea, a good trading system would puts you through many days of success.
@@Aziz__0 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.
@Margaret my financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.
I hope you haven't!
Stay in the market. Keep buying and buying and buying. If you had and hopefully you did you would be up a lot in 11 months. I have been through 2000 and 2008 didn’t panic kept on investing
One of the best money interviews I've heard for a long time.
Check out the recent interviews with William Green too.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@lipglosskitten2610 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@hermanramos7092 My consultant is‘’Christine Jane Mclean’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@lipglosskitten2610 Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Excellent interview. Impatience is the biggest reason people will detour from their investment pathway
This was such a great discussion. And I'm a HUGE fan of long term index investing where I too buy the entire market. My goal is to never sell unless maybe, maybe if it's life changing. I want to make more money not to be able to spend more or have more "fun" but to invest more. And it doesn't matter if the market is up or down. And since there's no such thing as saving/investing too much money, I just keep stuffing that thing.
Some amazing insights. The one where investors unfortunately take cues from investors who are playing a different game really hits home. It’s messed me up many times
Yes, being frugal and starting modest home based business blossomed into early retirement with ample income.
Morgan provides the absolute best investment advice bar none, on the internet or anywhere .... and I've watched literally hundreds of channels and investing decades longer than him!
People want to be successful like Buffett but very very few are willing to be that dedicated and that patient. And as Housel has stated, if your expectations are over the top, your results and satisfaction will be under the table (my words).....
Just wow! So much intelligence and passion here. Brilliant podcast. I am so grateful. I'm ordering that book right now as well.
Wow, thank you!
That was a great interview! I listened to the full audio book before this. I learned so much from both! About WW2, M1 changes, fascinating!!! Thank you so much 😊
Glad you liked it! Thank you so much for your support!🙌
Everything Morgan does is great! He helps you learn how to invest and thrive. A Teenager’s Guide on how to Invest Like Warren Buffett teaches the key investment principles to new investors.
Buffet is doing what makes him happy
While there is plenty to glean from the Buffet story, it's crucial to recognize he came about during the expansion and zenith of empire USA. The situation today is quite different as the empire is well into its sunset phase. Be adaptive.
I’ve learned to invest wisely after reading his books 📖
Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan? Basically, I just made my first $100,000 in a time of high Fed pivots, you should consider investing in mutual funds like Vanguard, Schwabs, or Fidelity. Crypto is also good because the returns are quite high, but to be on the safe side. Choose stock-based mutual funds
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan
@@charleskurt2152 I should retire in a few months, so any tip would be nice, and yes i have also tried to get a cfa but it is hard to find one that truly grasps the entirety of the different sectors, i am very open minded plus if i can't have it all then there is no point, if you get what I mean
@@sylvester9592 sure, it took a while to find the right cfa for me but it has been up from there honestly, my cfa has been great so all my profit margin success is just honestly him
I started investing March 2020! :) I think the best moment was really "seconds" before the pandemic hits, the global markets were suffering from the oil prices being in a all time low in a fabricated manner!
I wanna add, I practice and back test and run my strategy over and over, go over my data, but I enjoy doing this. I do not move my capital lightly, I take all emotion out of my strategy or I would be all over the place, if I worked with my emotions I would be homeless, I do not have it in me to see loses or not pull profit, I’m not capable of it 😂, so I let my risk management handle that. I also keep my long term security away from my passion and love for trading, I do the buffet strategy for my security, I make sure it’s consistent.
This has simply changed my life
Love it how the interview always ends right when theres hints that Bitcoin Shills are wrong. That whole M1 and M2 money supply bit was amazing and well versed. Morgan is truly gifted.
Best book I've ever read about personal finance - should be required reading for any young person entering adult age.
What a great talk. Especially the details of M1 and M2. One thought on Buffett's methods of investing might be still relevant. Monish Pabrai or Nick Sleep are most current adoptors of Buffett style of investing.
I liked the patience part . Really enjoy your life and relax and wait!! (With ur Bitcoin)
Investing in the stock market & crypto market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I'm keeping a diversified portfolio. !!!
Thanks for sharing!
Investing in stock is a good idea, a good trading system would put you through many days of success...
Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go
@@jamesdrew296 That's impressive!!! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ??
@@jamesdrew296 please how can I reach this PATRICIA DRITA JOSEFINA guiding you?, i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.!!!!!!
Started listening couldn't stop. Need to buy a book
I just bought the book and I saw this in my feed. 😊 I’ve enjoyed listening. I’ve learned so much!
Glad it was helpful! Feel free to share the video with those you think would benefit.😊 Thank you for your support!🙌🏼
Heard the book on audible, but purchased the book Sat. So many gems
@@kathyjohnson8199 Thank you for sharing!
I like that you didn't ask for likes just subscription
I needed to hear this perspective! A great reminder on the often overlooked fundamentals 👌🏾
So glad I took the time to watch this video. It was really informative and had very interesting viewpoints. Made me reflect a lot on my trading style.
Glad it was helpful!
What a coincidence that I just finished this book! I loved this discussion - thank you!
Lol. I watched the interview then bought the book.
I watched this and now I'm thinking, do I need to read the book 🤔
@@duncanray387 you won't be disappointed. Read or listen to the book my friend
I’d say most are throwing into their 401K having their money stolen and don’t even know it…
Wow, this talk is excellent! And it took me until near the end to realize that it is almost one year old (yet all the points in the talk is still relevant.) I would really like to see an updated discussion of the current time (March of 2023) with Morgan Housel again.
Very interesting, I could feel my brain cells growing as I was listening! 😂
Well done!😄
Patience pays
"Luck/timing" plays a major role in the outcome of your investment returns..I bought a 1000 shares of Qualcomm at $50/share when most analysts believed the stock was Destin to a $1000 a shares before Alain Greenspan said " irrational exuberant " that crush the 1990 stock market. Ps. Cmrc stock stock when from $80/ shares to $997/ share within four months.
Buffet said he doesn’t understand Apple but just sees it as a consumer product company selling a device everyone sees as essential if not addictive
Thank's Man..."Patience" say's it all
Why cash flow/income stream of all big index investing kinds of guys/girls come from selling books and writing blogs? 🤔
29:52 you got it backwards; you don't figure out what return you need to reach your goal because you can just look at historical data for that. If you need more by a certain date, you need to invest more today.
The compounding effects go super big near the end term….the longer the greater the compounding!
I mostly invest in REITs for my pension as they pay good dividends so that in retirement I can spend the dividends instead of reducing my fund by 3% a year idea and run out of money if I live a long life (which I plan to do!)
Watch the documentary Inequality For All. It explains how early 80s things changed and inequality grew
Buffet takes it as sports.
Just started reading this book, so far loving it. Quite informative about personal finance and seeking the importance of luck/risk
Which book?
What an eye-opening point of views!!!
Yeah, but index funds might not produce results they did already produce
Morgan , the way you pronounce Zimbabwe is way more than my fellow people👌🏾
I always knew the 50’s and 60’s were a great time in the US, but when he said it was because we got manufacture everything even for Germany and Japan that was a light bulb flashing on moment for me. Its funny how I can know and accept something but not have understood the “why” of it 😅
Brazil Hyper inflation might be a good study case! [00:56:48]
Please add the chapters
God In Heaven is King of teaching patience.
God in heaven decided to takeout the guy next to Hitler.
👍Biggest risks: unanticipated events and outcomes + your behaviour in periods of euphoria, and crises. Remain a calm, patient long term investor.
Time traveller from the future. Things really aren’t looking good for DCA. There seems to be a structural change that will punish this theory. It will be interesting to check back in a couple years.
"What is my goal?" Most of us enter the market with a clear goal, but the market's products are as intoxicating as supplies in a bar. You start out needing to quench your thirst, and end up betting on wrestling somebody in the bar. Choosing the right drink takes maturity and clarity of purpose.
What type of bars are you visiting 🤔? 😅
Excellent interview. The only problem I have is 50 years statement. He might not be alive in 35-40 years. But, VTI is the best strategy for sure!
One of the sharpest man I heard! Listening his book.
Great discussion. I liked the way he described what a investor mind set should be and understanding what is enough.
He had a house when he was 25, so he was doing ok
Love this!!!
Interesting staff
Thank you!😀
Make your mind up re index funds!
Wow such a tour de force of wisdom !!!
A very educational and informative interview. Thank you!
thank you. this is very helpful.
Great talk between Morgan and Trey.
I loved this interview.
Why does anyone go for more than what they need or want? Why did MJ keep playing ball? Why does Buffett think about investments while he’s on the can - still to this day. Same reason. Love of the game. If one doesn’t enjoy numbers, 10-k’s and keeping up on businesses, than the DCA into index funds is absolutely the right financial choice for many. But if they do enjoy what Buffett enjoys, than they should not sit on the sideline and settle for the market average; even if the market average achieves all their financial goals. It does not complete them. To them, investing is the fun part. It’s their passion and it’s financially rewarding. And if it’s not financially rewarding they should learn to index, because losing isn’t fun.
Cheers!
Everything that we do is rooted in WW2. At last someone has noticed...
Wow this guy called it. I didn't realize this was an interview from a year ago till I heard him talking about having inflation this summer and I was like what??
Awesome video! But, will the index fund really outperform the index-like fund of legendary investor Warren Buffett, Berkshire Hathaway. Is the overvalued S&P lower risk than a cash cow like Berkshire? I’m not so sure.
You can absolutely learn to be more patient by developing healthy self-soothing techniques. Mindfulness and meditation can help build such skills, along with many other intentional practices.
The first half of this interview was better than the second half.
The economy didn't do better because of a "flatness" or a more equal distribution of wealth. Neither did it do worse because of a keeping up with the Jones kind of mentality.
It mostly has to do with the fed moving us off of hard money standards towards a paper fiat standard.
He admits that it's "a part of the equation" but significantly downplays it. I think he's wrong in this aspect.
I wish I was t so stupid and lost 75% of my money trying to learn trading. I’m unwell and feel trapped. Terrified
I bought the Bitcoin dip March 2020 with every penny I could find
Create. Invest. Wait. Repeat.
Thank you for giving the raw truth and this time when and if the market crisis drops I’m doubling down
⭐️
Lol. I made 1% gains in 10 years on vanguard
Grear video, missed on inflation though.
If I start to buy BRV at age of 55, will you hear my name?
Scam ALERT - financial advisor names on these platforms should be IGNORED - Get Real, people - don’t listen to these hustlers.
Thank you
You're welcome!🙌
Cool interview
[57:27] what about Brazil?
Impressive to say the least!
Very important information
Many thanks!
So simple but genius.
Glad you think so!
Could 2008 hyperinflation fears been quelled by the fact that most people used the stimulus to pay down debt and not production capacities?!
I had to come back to refresh 📝
Welcome back!👋
Yo these comments are crazy😂😂😂 I mean really. Every other comment someone is saying something like, “ man I see a lot losing money in the market, I JUST saved up 150k, this video will really help me” LOLE what are you talking about, I JUST saved up 150k. Bro you didn’t save anything, who just saves 150k, the second I saved 5k, my pops was like this is what you do now, go get yourself some Bonds, or CDs, or whatever, and then portfolio journey begins. You don’t just save 150k that’s just not real, who does or says these things. I guess this is what a bot is cause no human behaves this way. Poof you saved 150k, no way 😂😂😂😂 the comments are funny
fantastic guest.
Bruh. This one moment of your life investing tip is not strategic. It’s gambling. This dude is crazy. Think about what’s being said. So unlikely, so crazy, it’s not likely to know, and its a waiting game. Your gambling with a government induced inflationary asset bubble. Interest rates have steadily decline for 40 years.
One of the best investment video I have ever seen, very high quality content.
Thank you so much it means a lot to us!💯
"this is not to poopoo the book at all" xDD i've never heard someone say that before
Is it okay just to save, invest and live a substandard life for the rest of your life or increase your standard of living from time to time..
Trey tried really hard to justify a "need" for bitcoin, and I'm glad Morgan pushed back a lot to correct the average bitcoiner's misconceptions. Morgan has my undying respect for this. I hope he never changes how he operates in the public eye.
Dollar going to zero