The Most Powerful Compounding Is the Most Powerless Force in the Universe

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Micheal Green: Compound interest is the most powerful force in the universe. He says if you try to be actively involved in trading, buying and selling stocks,you risk missing the biggest increases in that 20 year block. If you get out of the market when it takes off, well, now not only hafe, you miss the up swing. And if you stay you miss, may miss more of the rally. But having missed the rally, if you now get in, you could be in for the correction. So i'm looking forward rather than back at what's happening right now. We are going to have better vaccine immunity but we're also going to hurt a little bit

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.