A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
We also discussed questions about in-plan Roth conversions, how box-spread ETFs work, using a 529 plan for education later in life and how much is too much for private illiquid investments.
Further Reading:
Why History Gets Stuff Wrong All the Time
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The stock market sold off today.
Oil prices spiked.
Bond yields rose.
Almost everything fell — stocks, bonds, emerging markets, gold, bitcoin, seemingly everything but the dollar.
Investors are trying to figure out what the war in Iran means for the markets.
Higher inflation? Higher borrowing costs? Higher energy prices?
How long will this conflict last? What are the geopolitical implications? Will it all blow over ...
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Today’s Talk Your Book is brought to you...
The future is always uncertain.
No one ever knows for sure what will happen.
But a period of rapid technological innovation, combined with heightened geopolitics at the moment, makes it feel like the ambiguity is through the roof.
I’m not gonna lie, these environments make me uneasy too. Life and financial planning would be much easier if we all knew what would happen in advance.
Alas.
I don’t claim to have it...
Heading into the 19th century, about 70-80% of all jobs in the industrial world were in agriculture.
Most people were farmers.
By 1870, more than half of all men owned or performed labor on farms.
Today less than 1% of the U.S. population works in agriculture.
Innovation and technology made farming more efficient, so people moved on to factory jobs and eventually white-collar work.
There are plenty of jobs over the years ...