What are the best options for safely investing cash.Topics covered include:High-yield savings accountsCertificates of DepositsGovernment BondsMoney Market Mutual FundsWhen should you invest in long-term bondsWhy some savings apps try to look like banks but they are notWhat happens when central banks lose moneyWhere not to deposit cash for safetyFor more information on this episode click here.SponsorsMasterClass - Get two annual memberships for the price of oneMoney App - Triple Your Paycheck GiveawayShow Notesa16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunchFactors Affecting Reserve Balances—U.S. Federal ReserveLiabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury: Wednesday Level—FREDWhat if the Federal Reserve books losses because of its quantitative easing? by William B. English and Donald Kohn—BrookingsU.S. Banks Lost a Record $370 Billion in Deposits Last Quarter by David Benoit—The Wall Street JournalCrypto Lender BlockFi Follows FTX Into Bankruptcy by Alexander Gladstone—The Wall Street JournalRelated Episodes304: A 15% Guaranteed Return? Lending on the Fringes of Finance392: What Is Money and How to Use It410: Is Cryptocurrency Dead?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Camden and David converse with Asha Mehta, Managing Partner & CIO at Global Delta Capital about the bullish case for emerging and frontier market stocks as well as the risks.Topics covered include:How to go about investing in emerging marketsShould you invest in ChinaWhere are the most promising emerging and frontier marketsWhy aggregate emerging markets earnings have been lacklusterHow to balance quantitative analysis with subjective reasoningFor more information on this episode click here.SponsorsMasterClass - Get two annual memberships for the price of oneMasterworks – invest in contemporary artShow NotesPower of Capital by Asha MehtaGlobal Delta CapitalRelated Episodes249: Should You Invest in India?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative.Topics covered include:How FTX squandered its customers' depositsHow FTX is another example of a private money bank runHow traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platformsHow FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many othersHow should individual investors store cryptocurrency, and does it even make sense to continue to own itFor more information on this episode click here.SponsorsLinkedIn – Post your job for freeMoney For the Rest of Us PlusShow NotesDon't Miss Out on Crypto: Larry David FTX CommercialThe spectacular implosion of crypto’s biggest star, explained by Emily Stewart—VoxDivisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet by Ian Allison—CoinDeskFTX held less than $1bn in liquid assets against $9bn in liabilities by Antoine Gara, Kadhim Shubber, and Joshua Oliver—Financial TimesFTX balance sheet, revealed by FT Alphaville—Financial TimesFTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall by Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann—The Wall Street JournalAfter FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDeskHow Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York TimesExclusive: At least $1 billion of client funds missing at failed crypto firm FTX by Angus Berwick—ReutersInvestors Who Put $2 Billion Into FTX Face Scrutiny, Too by Erin Griffith and David Yaffe-Bellany—The New York TimesFTX signs deal with option to buy BlockFi for up to $240 mln by Niket Nishant and Aditya Soni—ReutersVoyager Digital and Voyager Official Committee of Unsecured Creditors Provide Update on Reorganization Plan—CisionCrypto lender BlockFi says it has significant exposure to FTX by Manya Saini and Shailesh Kuber—ReutersCoinbase Quarterly EarningsRelated Episodes393: What Happens If Your Brokerage Firm Goes BankruptSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the International Monetary Fund, the world's economic firefighter, works for global monetary cooperation and prosperity while using its own made-up currency, the SDR.Topics covered include:What was the Bretton Woods monetary system that led to the formation of the IMF and the World BankHow the World Bank and IMF differWhat does the IMF doHow the IMF creates its own money out of thin airWhy does Argentina, the IMF's largest borrower, keep defaulting on its debt obligation including those to the IMFWhy the IMFs negotiating tactics are controversialFor more information on this episode click here.SponsorsAura, the new standard in digital safety PolicygeniusShow NotesCreation of the Bretton Woods System, July 1944—Federal Reserve HistoryThe World BankInternational Monetary FundSterling devalued and the IMF loan—Cabinet Papers, The National ArchiveTotal IMF Credit Outstanding, Movement From November 01, 2022 to November 07, 2022—IMFWhy you can’t technically default on the IMF by Izabella Kaminska—Financial TimesImplications of the IMF's SDR Allocation for Australia and the Global Economy by Ben Hollebon and Kate Hickie—Reserve Bank of AustraliaThe IMF cannot solve Argentina’s dysfunction—The EconomistIMF Executive Board Completes Second Review of the Extended Arrangement Under the Extended Fund Facility for Argentina—IMFThe IMF: The World’s Controversial Financial Firefighter—by Jonathan Masters, Andrew Chatzky, and Anshu Siripurapu—Council on Foreign RelationsRelated Episodes233: Is An Emerging Markets Crisis Imminent?322: Why Currency Exchange Rates Matter?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to survive in a world where luck and randomness play a pivotal role.Topics covered include:What are power lawsWhat are the narrative fallacy and hindsight biasWhat are examples of domains where randomness has contributed to successWhat are ways to distinguish investing skill from luckHow sixth-century philosopher Boethius had an accurate view of chanceWhat are ways we can benefit from good luck while protecting ourselves from bad luckFor more information on this episode click here.SponsorsCopperMoney For the Rest of Us PlusShow NotesRedacted messages to and from Elon Musk—Delaware’s Court of ChanceryElon Musk’s Texts Shatter the Myth of the Tech Genius by Charlie Warzel—The AtlanticTalent Versus Luck: The Role of Randomness In Success and Failure by Alessandro Pluchino, Alessio Emanuele Biondo, and Andrea RapisardaSusan AlexandraWelcome to Susan Alexandra’s Dream World by Sophia Herring—Clever, Architectural DigestThe Fashion Set Can’t Get Enough of Susan Alexandra’s Colorful, Kitschy Designs by Noah Lehava—CoveteurQuantifying the evolution of individual scientific impact by Roberta Sinatra et al.What's in a Surname? The Effects of Surname Initials on Academic Success by Liran Einav and Leeat YarivMiddle names make you look smarter—University of SouthhamptonAdmission to Selective Schools, Alphabetically by Štěpán Jurajda and Daniel MünichIt Pays to Be Herr Kaiser: Germans With Noble-Sounding Surnames More Often Work as Managers Than as Employees by Raphael Silberzahn and Eric Luis UhlmannThe relative-age effect and career success: Evidence from corporate CEOs by Qianqian Du, Huasheng Gao, Maurice D. LeviThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas TalebWere Those Great Returns the Result of Skill — or Just Luck? by Julie Segal—Institutional InvestorRelated Episodes323: The Economy Is Not A MachineSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to use laddered inflation-indexed bonds (i.e., TIPS), CDs, fixed annuities, and fixed index annuities to meet retirement living expenses while worrying less about running out of money.Topics covered include:How individuals can use liability-driven investment strategiesWhy now is the best opportunity to buy Treasury Inflation Protection Securities in 15 yearsHow to use bond laddersHow deferred fixed and deferred variable annuities workHow to analyze fixed index annuitiesFor more information on this episode click here.Show NotesWorry-Free Investing by Zvi Bodie and Michael J. ClowesMarket Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FREDMarket Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FREDNew 5-year TIPS auctions with a real yield of 1.732%, highest in 15 years—TIPSwatchComplete List of Multi-Year Guaranteed Annuities (MYGAs), October 26, 2022—ImmediateAnnuities.comSafety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement by Wade PfauA Complete Guide to Investing in TIPS and I Bonds—Money for the Rest of UsEpisode SponsorsExpress VPN – get three months free on VPN serviceAura, the new standard in digital safetyRelated Episodes279: Why All Retirees Should Consider an Income Annuity326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In Episode 406, David and Camden visit with Annie Duke about how to better manage our investment portfolios including when and what to sell. We also discuss a number of behavioral finance topics such as mental accounting, sunk costs, and goal myopia.Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book, Quit: The Power of Knowing When to Walk Away, was released on October 4, 2022. Her previous book, Thinking in Bets, is a national bestseller, and is highly influential on the investing philosophy of Money for the Rest of Us. As a former professional poker player, she has won more than $4 million in tournament poker, won a World Series of Poker Bracelet and is the only woman to have won the World Series of Poker Tournament of Champions and the NBC National Poker Heads-Up Championship. She retired from the game in 2012. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania.These days, Annie loves to dive deep into decision-making under uncertainty. As can be seen from her new book, her latest obsession is the topic of quitting.For more information on this episode click here.SponsorLinkedIn – Post your job for freeShow NotesThinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie DukeQuit: The Power of Knowing When to Walk Away by Annie DukeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is volatility and what causes it to rise and fall? How volatility itself contributes to more volatility such as in the example of the chaotic UK government bond market where long-term yields have increased by 4% in 2022.Topics covered include:How the role of volatility has changed in financial marketsWhat caused UK interest rates to spike and long-term bond investors to lose 50%What is liability-driven investmentWhat drives increases in volatility and volatility spikes and spillovers are more frequentHow to earn income from shorting volatility and what are the risksWhat we can learn when financial securities blow upFor more information on this episode click here.Episode SponsorsMasterworks – invest in contemporary art - **Net est. returns for all realized and unrealized offerings is 15.3%, from inception through 6/30/22.  See important Reg A and performance disclosures at masterworks.io/cdPolicygeniusShow NotesThe volatility virus strikes again by Eric Lonergan—Financial TimesHow ‘Liability-Driven’ Pension Funds Triggered UK Bond Panic by Loukia Gyftopoulou and Greg Ritchie—BloombergUK government debt and deficit: December 202—UK Office for National StatisticsMarkets are more fragile than investors think by Robin Wigglesworth—Financial TimesVolatility and the Alchemy of Risk: Reflexivity in the Shadows of Black Monday 1987—Artemis Capital ManagementWhat Caused the Volatility “Volmageddon” on 5-Feb-2018 by Vance Harwood—Six Figure InvestingGamma Explained—MerrillDelta Explained—MerrillInside Volatility Trading: Is VIX Backwardation Necessarily a Sign of a Future Down Market? by Scott BauerInvestments MentionedWisdomTree CBOE S&P500 PutWrite Strategy ETF (PUTW)Simplify Volatility Premium ETF (SVOL)Related Episodes159: What You Need To Know About Volatility283: Why You Should Care About Carry TradesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What has caused the U.S. dollar's currency exchange rate to be the strongest in twenty years? How a strong dollar leads to slower global economic growth and falling asset prices.Topics covered include:Why a strong dollar is a no-win situation for the rest of the worldWhy have inflation and interest rates increasedWhy recession risks are rising as central banks combat inflationWhy asset prices fall when interest rates riseWhat would cause the U.S. dollar to weaken from these levelsHow to protect against currency fluctuationsFor more information on this episode click here.SponsorsAura - protect your moneyPolicygeniusShow NotesWall St blames missteps at FedEx as parcel service fails to delivery Steff Chávez and Andrew Edgecliffe-Johnson—Financial TimesThe Global Dollar Cycle by Maurice Obstfeld and Haonan Zhou, BPEA Conference Drafts, September 8–9, 2022—Brookings Papers on Economic ActivityMonetary policy challenges posed by global liquidity by Hyun Song Shin—BISDollar beta and stock returns by Valentina Bruno, Ilhyock Shim and Hyun Song Shin—BISWonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York TimesRents Drop for First Time in Two Years After Climbing to Records by Will Parker—The Wall Street JournalStop looking for a bogeyman to explain sterling’s collapse by Kate Martin—Financial TimesBritish Pound / US Dollar Historical Reference Rates from Bank of England for 1975 to 2022—Pound Sterling LiveRelated Episodes215: Is A Dollar Collapse Coming?338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?364: Should You Hedge Your International Stock Exposure Against Currency Fluctuations?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How risk perceptions and actions have changed over several years of the pandemic. How the pandemic's impacts continue to affect politics, the economy, financial markets, how we invest, and our personal lives.Topics covered include:Is the pandemic really over?What percentage of people continue to isolate at homeHow behaviors such as eating out and visiting friends have changed throughout the pandemic.How work has changed with the pandemicHas pandemic stimulus changed beliefs about the sustainability of the national debt leading to structural inflationHow productivity improvements could improve the national debt burdenWhat investment lessons has David learned from the pandemicFor more information on this episode click here.SponsorsLinkedIn – Post your job for freeExpress VPN – get three months free on VPN serviceShow NotesBiden’s claim that ‘pandemic is over’ complicates efforts to secure funding by Dan Diamond—The Washington PostCOVID-19 Dashboard—The Center for Systems Science and Engineering at Johns Hopkins UniversityAxios/Ipsos COVID-19 Poll – Wave 70, September 9–12, 2022Study: 163 Million People Dine Out at Least Once a Week—QSR MagazineU.S. Return-to-Office Rates Hit Pandemic High as More Employers Get Tougher By Peter Grant—The Wall Street JournalReassessing Constraints on the Economy and Policy; Panel Topic: An End to Pre-Pandemic Trends or Just a Temporary Interruption? by Valerie A. RameyInflation as a Fiscal Limit by Francesco Bianchi and Leonardo MelosiRelated Episodes333: How The Covid Shock Nearly Destroyed The Financial System400: What If High Inflation Doesn’t End?Investments MentionedSimplify Interest Rate Hedge ETF (PFIX)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.