202- The Glass Ceiling

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 26 February 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week Phil and Danielle discuss why the financial industry doesn't want you to have the ability to do what they do. They don’t want to give you the “secret formula” so they make finance seem complicated. You don't know Sharpe Ratio. You don't know Capital Asset Pricing Models. You don't know how to adjust for the Beta. Here’s the bottom line though, all of these things that are taught in the business schools, are BS. We also talk about our upcoming interview with Jacob Taylor and announce our next “InvestED Book Club” read. We also discuss the MSCI ACWI Index. This is an index that you can buy that follows the stock markets in the entire world. Like buying the S&P 500 for the world. Learn why Buffett says, “When America gets a cold, the rest of the world gets pneumonia.” For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You escaped a war?
0:01.0	I had a whip.
0:02.0	A Paramount Plus new original series.
0:05.0	How many former slaves have had the same fortune that you have?
0:09.0	Starring David Yelloo, Donald Sutherland, and Dennis Quaid.
0:12.9	He thinks he can handle the weight of the badge.
0:15.6	I'm no, I can.
0:16.7	Well, let's make it official.
0:18.1	New original series.
0:19.8	I'm Bass Weaves, and I'm the Lord this land.
0:22.8	Lorman Bass Reeves.
0:24.5	Stream new episodes every Sunday on Paramount Plus.
0:27.6	Tees and seas apply.
0:28.5	Subscription acquired 18 plus.
0:30.5	Hey guys, I'm here with Jacob Taylor
0:32.4	and I'm so excited because he is the latest
0:35.0	member of our invested book club. His book, The Rebel Allicator, just came out
0:40.8	recently and he'll tell us about this but when he when the book first came out he got a call from Charlie Munger himself
0:49.2	So we are going to speak to him in full in six weeks so get ready you can go by the book
0:57.4	now read the book you have six weeks to get it done and then we're going to have
1:02.3	him on the show and talk to him in full about the book and about everything that happened around the book.
1:08.0	But for now, Jacob, hi, thank you so much for being on.
	...

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