The Meb Faber Show - Better Investing

Jared Dillian on the Keys to Live a Stress-Free Financial Life | #518

Jan 24, 2024

Jared Dillian, Editor of The Daily Dirtnap, discusses his book on living a stress-free financial life. Topics covered include the 80/20 rule in personal finance, the 'awesome portfolio,' best-performing asset since 2000, inflation, private equity, and concerns about Tony Robbins' book.

54:06

Episode guests

Jared Dillian

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Episode notes

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Quick takeaways

Prioritizing happiness and satisfaction in one's financial life is more important than striving to become a millionaire.

The Awesome Portfolio, consisting of a balanced mix of stocks, bonds, cash, gold, and real estate, aims to provide stability and emotional resilience in the face of market volatility.

Deep dives

Jared Dillian's New Book - No Worries

Jared Dillian, editor of The Daily Dirtnap, discusses his new book titled No Worries, How to Live a Stress-Free Financial Life. The book explores a different approach to personal finance and challenges the traditional advice given by financial gurus. Dillian emphasizes the importance of being happy, comfortable, and satisfied in one's financial life rather than solely focusing on becoming a millionaire. He argues that personal finance should not cause stress and provides strategies for achieving a stress-free financial life.

Introduction

2min

No Worries: How to Live a Stress-Free Financial Life

16min

The Awesome Portfolio: Minimizing Emotional Stress of Investing

16min

Reflections on Writing the Book and Missed Opportunity to Discuss Inflation

2min

Cat Psychics and Market Trading: Insights from an Investor

3min

Insights on the Bond Market and Reactions to Declines

2min

Perception of Inflation and Its Impact on Consumer Behavior

3min

The Holy Grail: A Skeptical Perspective on Private Equity

7min

Today’s guest is Jared Dillian, the editor of The Daily Dirtnap, a daily market newsletter for investment professionals.

Jared’s back on the podcast to talk about his book, No Worries: How to live a stress-free financial life, which just released yesterday. Jared talks about the 80/20 rule applied to personal finance, his “no worries” approach to investing, which he calls the awesome portfolio, and I bet you’ll be surprised by which asset has performed best since 2000.

We also get Jared’s take on the market today. He touches on inflation, private equity, the bond market and more.

(1:20) - Welcome Jared back to the show; Episode #344: Jared Dillian

(5:02) - Unpacking the concept “we get to choose how much money we have”

(6:56) - Applying the 80/20 rule to personal finance

(10:14) - Clarifying acronyms from 'No Worries: How To Live A Stress Free Financial Life'

(14:57) - Considering the implications of young people accruing debt

(18:11) - Different investment strategies & the Awesome Portfolio

(34:41) - Jared’s take on inflation and higher interest rates

(36:58) - Assessing the current state of the market

(43:26) - Concerns about Tony Robbins book

(45:53) - Integrating AI into the process of writing

Learn more about Jared: The Daily Dirtnap, Jared Dillian Money

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.