Survivor Byas

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We only hear about the ones that go get an ipo and score big. Most of the time, they either go out of business, or they don't do anything. If you help a few people, then you can make some money. But if you help millions or billions of people, you're going to get fabulously rich. And i talked earlier about how people think of capitalism as greed and selfishness and exploitation. It's such a mischaracterization, if you really think about that. Greed is always other people in the world; it never defines us but sucgts us. Even if you're the greediest person in the world, no one is going to give

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.