Market portfolio and diversification view

You don't have time to sift through endless financial content. That's why I do it for you. Get my top 5 must-read articles every week in a quick, easy-to-digest email. Sign up for my newsletter.

-----

In this Talking Shop episode, I sit down with Ashby Daniels for an unscripted, behind-the-scenes conversation about investing, markets, and the behavioral mistakes that quietly derail long-term results. We move freely—from why simplicity keeps winning, to how investors misread risk, to what actually matters when markets feel noisy—without a single hot take in sight. If you've ever wondered how two investment professionals talk when there's no agenda and no sales pitch, this is it.

Listen now and learn:

► Why "beating the game" in investing rarely looks like working harder or knowing more

► How narratives—not numbers—drive most investor mistakes during market downturns

► What gets misunderstood about bonds, diversification, and "playing it safe"

► How experienced investors think differently about wealth, risk, and time

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[04:15] – Nick Murray's Lasting Influence on Long-Term Investing and Market Thinking

[05:45] – Why Investing Education Should Be Short, Simple, and Actionable

[08:00] – Challenging Conventional Market Wisdom: Why Time Beats Tactics

[09:45] – The Dave & Buster's Investing Lesson: How to "Beat the Game"

[15:30] – Everybody Ought to Be Rich: The Power of Long-Term Stock Market Returns

[18:30] – The Market Portfolio Explained: Stocks, Bonds, and Investor Distractions

[21:15] – Market Corrections and Bear Markets: Why Trees Don't Grow to the Sky

[24:30] – All-Stock Portfolios and Risk: When Equities Make Sense

[29:45] – Investor Panic Isn't About Volatility—It's About Stories and Expectations

[32:45] – Bond Investing, "Safety," and the Hidden Risk to Purchasing Power

[35:45] – Private Equity, Gold, and Crypto: What Investors Get Wrong

[41:30] – The $100 Million Thought Experiment: Getting Wealthy vs Staying Wealthy

[46:00] – Why Timeless Investing Principles Still Win Over Time

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this "post" (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.