A Simple Path to Wealth by Steff Smith

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If you don't know much about investing at all. I would recommend read the book, a simple path to wealth. But don't skip to the really highly speculative assets that may go up 50 % or down 50% in one day. That's a pretty rough entry into the market if things crash right away. And i'm actually very happy with my invest in these days, because i'm doing it on my own terms and making decisions based on what i think is right. We're not experts on this. We probably said things that weren't perfectly sound. Hopely we didn't piss anyone off who's really excited about certain types of investments. You got to make your decisions. We

At a time where several asset classes are at all-time highs, there's a lot of talk about whether we're in a bubble. That, coupled with crypto assets falling to ~half of their highs, prompted Cal and Steph to dive in to try to answer this question.

In this episode, they discuss the markings of past bubbles, the innovation hype cycle, the difficulty in profiting from nascent innovations, the importance of educating yourself and building your own conviction behind your decisions, managing your psychology (offense vs defense), the cyclical nature of market cycles, and of course... the burning question of whether they think we're in a bubble today.

They also share how they've fared in crypto and how they're thinking about investing moving forward (including Cal's foray into de-fi)

Recommended resources include the books "The Simple Path to Wealth" and "A Random Walk Down Wallstreet", as well as economic indicators like the Shiller PE ratio: https://www.multpl.com/shiller-pe

*** NOT FINANCIAL ADVICE *** :)