AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Merryn Talks Money
The 'Humble' Investor Says Sell Private Equity, Sell US Tech, Buy Polish Small Caps
Jan 10, 2025
Daniel Rasmussen, founder of Verdad Advisers and author of 'The Humble Investor', shares his unique view on investing. He argues against US tech investments and advocates for buying Polish small caps, especially with potential peace in Ukraine. Rasmussen discusses the fallacies of financial forecasting, emphasizing that despite their shortcomings, forecasts are still necessary. He highlights the advantages of value investing in international markets and warns against the AI bubble, offering a refreshing perspective on current market dynamics.
45:47
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Accurate financial forecasting is notoriously unreliable, suggesting investors should adopt a humble approach rather than relying on expert overconfidence.
- Market volatility often stems from collective psychology rather than economic fundamentals, highlighting the importance of understanding market sentiment in investment strategies.
Deep dives
The Cost of Filing Errors
In 2023, U.S. businesses incurred $14 billion in penalties from the IRS due to filing mistakes, an alarming cost that could have been reinvested to fuel their growth. This statistic highlights the critical need for accurate employee and vendor information management, as errors in compliance can lead to significant financial setbacks. Utilizing services like TenCheck not only minimizes these mistakes but also allows businesses to onboard new hires and vendors swiftly and accurately, ensuring compliance from the get-go. Such proactive measures are essential for safeguarding a company's financial health and promoting sustainable business expansion.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode