Amazon Is Not Going to Be Number One Forever in This Business

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Michael Wolraich: I'm amazed there aren't somebody like an amazon already up there. Or ouknow, some of these other wallmart big companies that are able to capitalize and invest in a on line retail and delivery systems like amazon can. They don't seem to have quite caught up to amazon yet, but i know they're trying. So to our viewers, be careful. Amasons not going to be number one forever in this business.

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.