Reasonably Happy with Paul Ollinger

The news from the economic world is pretty bad right now. Inflation up and the stock market’s down, which means we're all experiencing some degree of financial stress. Here to help us put it all in perspective is Ken Honda. Known as Japan’s Zen millionaire, Ken’s book Happy Money has sold over 8 million copies worldwide.In this, his second visit to Crazy Money, we talk about: What economic fear, uncertainty and doubt can do to our health and our relationships; How we can maintain peace of mind when those around us are losing their minds; How to be a good spouse during times of financial trouble; The games that shame and guilt play with our minds; How inflation can actually help us get clarity around our priorities, and lastly, we talk about a few of the lessons from Japan's lost decades of economic stagnation.🎧Listen on Apple Podcasts here 🎧✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥Follow Ken:Instagram - https://bit.ly/3el1xAQFacebook - https://bit.ly/3T8vhzHWebsite - https://kenhonda.com/Read Ken's book:Happy Money - https://amzn.to/3T86LPo

Spencer Jakab is the editor of The Wall Street Journal's Heard on the Street column and the author of a fascinating new book called The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of the Retail Investor. In January of 2021, a large group of small investors from the WallStreetBets subreddit rallied around the stock of video game retailer GameStop, which they believe had been unfairly attacked by short-selling hedge fund Melvin Capital. The subsequent and totally unexpected rally in the stock made millions for several WallStreetBets members and crippled Melvin Capital which was lost up to a billion dollars *per day* during the worst of the short squeeze.On this week's episode, Spencer and I talk about the perfect storm of market, societal, and technological factors that catalyzed the Gamestop phenomenon, why the Robinhood stock trading app (which played a major role in this whole scenario) was designed to function exactly like a sports gambling app. We talk about how WallStreetBets and Robin Hood “investors” are different from boring old etrade or Schwab customers like me, the difference between investing and gambling and lastly, what Melvin Capital’s profound losses mean for hedge fund managers in the future. That is, in addition to market, political, and climate-based factors, these hedge fund managers also have to take into consideration the potential madness of crowds.🎧Listen on Apple Podcasts here 🎧✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥Follow Spencer Jakab:Twitter - https://bit.ly/3SqtqpIFacebook - https://bit.ly/3fnalq0Read Spencer's Book:The Revolution That Wasn't - https://amzn.to/3xUUC8g

Up until last year, no college athlete could legally, officially accept compensation for playing a sport at his or her college. That changed last year with a Supreme Court ruling that now allows college athletes to be compensated for the use of their Name, Image and Likeness (NIL).On today's show, I talk to Darren Rovell, a sports reporter who spent 18 years on the air with CNBC and ESPN and now a senior executive producer at the Action Network. I also talk to John Staton, who is the Director of Operations at Classic City Collective, an organization of donors and alumni dedicated to helping the athletes at the University of Georgia, which John used to be. We discuss how the transfer portal effectively makes every college player a free agent. We talk about how many NIL deals are happening, who they're happening for and how big they're getting. We discuss how collectives interface with athletic departments. We talk about whether money might poison relationships in the locker room within teams, and just what this world might look like five years down the road. It has already changed college sports so much in just like a year and a half. Who knows what the future holds.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥Follow Darren Rovell:Twitter - https://bit.ly/3f50WUdInstagram - https://bit.ly/2yflj86Follow John Staton:Twitter - https://bit.ly/3xzBLzwInstagram - https://bit.ly/3Bs1zyy

Saudi-backed LIV Golf is throwing hundreds of millions of dollars at top pro golfers in an attempt to lure them away from the PGA Tour. The Tour is responding with massively-increased prize money and more player-friendly tournaments. Here to discuss these unprecedented changes and their unsavory ramifications is Rich Beem, winner of the 2002 PGA Championship and analyst for SKY Sports Golf. Rich shares his candid and often funny insights into where this crazy mess is headed, which league is in a stronger position, whether LIV golfers will be able to play major tournaments like the Masters or The Open Championship, whether PGA Tour commissioner Jay Monahan is sleeping well at night, and why his dog is named after a town in Minnesota. We also discuss the history of money in golf and how Tiger Woods changed the game forever.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥 Follow Rich Beem:Twitter - https://bit.ly/3xggZoqInstagram - https://bit.ly/3xg9gXm

Maitland Ward is an adult film star and author of a new book called Rated X: How Porn Liberated Me from Hollywood. Best known for her role as Rachel Maguire on Boy Meets World, Maitland enjoyed a successful career as a Hollywood actress before making the transition into the adult film industry. Her videos and photos on OnlyFans now earn her over $1 million per year. And that's in addition to the money she makes making adult films. Rated X is her first book, and I gotta tell you, I found it to be surprisingly well written. She's a good writer. You're also going to find her both smart, articulate and disarmingly normal. She's like a regular person who just happens to have a very, very unique job.In today's interview, we discuss how she got into acting in the first place, Maitland's experience on Boy Meets World, the cold indifference of Hollywood, which she experienced as she approached her 30th birthday, how and why she got started on OnlyFans, how her husband (that's right, her husband) and her parents (that's right, her parents) feel about her burgeoning career in pornography. How having sex on camera is an expression of her true identity and what she gets out of her work besides an enormous amount of money.Hey friend (this means you), please rate and review this episode of Crazy Money here. 💰Get Paul’s Substack newsletter here.✍️Also be sure to check out and subscribe to our new YouTube channel. 🔥Follow Maitland Ward:Twitter - https://bit.ly/2HaiNFgInstagram - https://bit.ly/3BnokVHRead Maitland's Book: Rated X - https://amz.run/5unt

I've got a great conversation to share with you today about international banking, massive drug cartels and billions and laundered money. My first guest is Chris Blackhurst. He's the author of a book called Too Big to Jail: Inside HSBC, the Mexican drug cartels and the biggest banking scandal of the century. And if you think about that, we've already had a couple of big banking scandals, so this is a big one. The book tells the story of how HSBC ignored money laundering laws and processed BILLIONS in dirty cash for notorious drug lord and murderer El Chapo in the early 2000s and into the 2010s.One of the characters we meet in the book is a guy named Everett Stern, who was an anti money laundering compliance officer at HSBC. Everett saw how intentionally lax HSBC's methods were for identifying and reporting to the government suspicious activity going on within its banks. He turned whistleblower and started sharing his story with the CIA, Everett has appeared in the Netflix documentary Dirty Money, and he's written a book about his experience called Dark Money and Private Spies.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥Follow Everett & Chris on Twitter -Everett Stern - https://twitter.com/EverettStern1Chris Blackhurst - https://twitter.com/c_blackhurstToo Big to Jail: The Book - https://amz.run/5tl4Dark Money and Private Spies: The Book - https://amz.run/5tl6

Carlos Ghosn is the former CEO of both Renault and Nissan. Japanese authorities arrested him for (allegedly) paying himself tens-of-millions in unreported income (and some other shady stuff). Carlos escaped the brutal Japanese judicial system by having himself smuggled out of the country in a box! My guests Nick Kostov and Sean McLain are Wall Street Journal reporters whose new book, BOUNDLESS: The Rise, Fall, and Escape of Carlos Ghosn chronicles the former globe-trotting executive’s meteoric rise up the corporate ladder, fall from grace, and stunning escape that has left him an international fugitive. This story is *bonkers* and you have to hear it to believe it.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥  Follow Nick & Sean-Twitter - Nick Kostov https://twitter.com/Nick_Kostov |Sean McLain https://twitter.com/McLainSean'Boundless': The Book - https://amzn.to/3pEMEM0

Why in the world is student debt treated differently than all other kinds of debt? Why does the cost of college keep sky-rocketing? Why do colleges and universities have so little skin in the game when it comes to the debt students incur to attend these institutions?On this week’s Crazy Money, Oren Cass helps answer these important questions about higher education in the U.S. The author of ‘The Once and Future Worker: a Vision for the Renewal of Work in America,’ Oren’s recent article ‘The Banality of Student Loans’ (link below) outlines the contradictions and self-defeating policies that have led us to this educational morass.Oren and I discuss why we have a “college for all” approach and why it is the wrong way to prepare the vast majority of young Americans for a career–especially those who need an economic boost the most. We talk about why the federal government should not underwrite student loans and who should. He argues that colleges and universities should take more accountability for the price and product they provide to their students. And I (Paul, yes it’s me writing these show notes) vent about “these damn young kids - don’t they know what ‘obligation’ means?” I know you're gonna find this conversation interesting and enlightening and you should share it with all your friends. Oren is the Executive Director of American Compass. He graduated Williams College and Harvard Law School, magna cum laude.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥  Follow Oren- Twitter - https://twitter.com/oren_cassWebsite - https://orencass.com/The Banality of Student Loans (Article) - https://bit.ly/3duXiBUThe Once and Future worker - https://amzn.to/3p9dg7nAmerican Compass Org -https://americancompass.org/

Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management and the author of several books about investing. He is the founder of the blog ‘A Wealth of Common Sense’. He is, also, a co-founder and co-host of the podcast, Animal Spirits with Michael and Ben, which is an informative and fun podcast about the markets and the economy, et cetera.On this week's episode, Ben and I discuss inflation and how it relates to the stock market. This market we find ourselves in, is still very bearish this year and still quite confusing, which is something else we discuss why everything is so confusing. How can we have a recession and very low unemployment? We also discussed 90s Hip Hop. Ben lists the three books he would assign to a 25 year old who wants to learn about money. We talk about what we should and shouldn't do in the stock market is battered and bloody. And we talked about where there is hope for the future of our economy. All this and more with Ben Carlson💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥  Follow Ben- Twitter - https://twitter.com/awealthofcsWebsite - https://awealthofcommonsense.com/The Compound - https://bit.ly/3vQVFVIAnimal Spirits Podcast - https://bit.ly/3P8X68Q

Andrew Yang is a former Presidential candidate and the founder of Venture for America. He's also the founder of the Forward Party where he advocates for structural reform to safeguard our democracy. He lays all this out in his new book, Forward, which we discussed today. We also discuss Andrew's life as a teenager, his obsession with post-punk bands like The Smiths, Depeche Mode, and Nine Inch Nails, why he didn’t do drugs as a teenager, and how his parents felt when he got his ear pierced. More to the point of his political career, we talk about how money is the tail that wags the dog and both the GOP and the Democratic Party. He mentions why we should pay our politicians more and we talk about entitlement reform and universal basic income. Even if you don't agree with all his policy ideas, I think you'll agree that Andrew’s efforts to fix the machine of politics are worthwhile and something we should all think about supporting because the current polarized political system is making everybody freaking miserable. All this and more with Andrew Yang.💰If you enjoy Crazy Money, please leave us a rating here. 💰✍️Get Paul’s Substack newsletter here.✍️🔥Subscribe to us on YouTube here. 🔥  Follow Andrew-Twitter - https://twitter.com/AndrewYangWebsite - https://www.andrewyang.com/YouTube- https://bit.ly/3z8pGB5