The Survivor Bi Us

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Garry smith: It's not fair or meaningful to predict which companies will do well. After looking at which companies did well, those ere not predictions, they're just history. He says that survivorship is also true in in the mutual fund industry. The vast majority of money actively manage funds but people have caught on and are putting together a portfolio designed to do well in good times and bad.

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.