5 Stupid Things People in Finance Say All the Time
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 29 September 2015
⏱️ 22 minutes
🧾️ Download transcript
Summary
Financial pundits and talking heads often say dumb stuff on CNBC or in the Wall Street Journal. Morgan Housel, behavioral finance expert at The Motley Fool, joins us to call out some of the worst offenses. We’ll also tell you about a couple financial experts you SHOULD listen to and Robert defends arguably the worst financial advice ever for 20 year olds.
Transcript
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| 0:00.0 | This is Motley Fool Answers. I'm Alison Southwick, joined by Robert Brokamp, personal |
| 0:07.5 | finance expert and advisor on Motley Fool's Rule Your Retirement newsletter. |
| 0:13.0 | Hi, Allison. |
| 0:14.0 | Get your rule your retirement today. |
| 0:16.0 | That's right. |
| 0:17.0 | Morgan Housel is back this week. |
| 0:19.0 | Hi, Allison. |
| 0:20.0 | Hi, Morgan. He's the senior analyst for Motley |
| 0:21.1 | Full One with an expertise in behavioral finance. He's here to call out five stupid things people |
| 0:26.8 | in finance say all the time. He's also going to take issue with Robert's new freewheeling, |
| 0:31.7 | hell may care, live for today, party hard, and leave a destitute corpse, girlfriend. |
| 0:36.6 | She's not really my girlfriend. |
| 0:38.5 | I don't really like her either. |
| 0:39.8 | So all that and more on this week's episode of Motley Fool Answers. |
| 0:46.0 | So I think it was Gawker that first saw this article. |
| 0:49.6 | I don't know. |
| 0:50.3 | I like to try to trace viral stuff back as far as possible. |
| 0:55.8 | Then that made me think of STDs, which I don't mess with. But stuff that goes viral on the internet, I like to trace |
| 1:00.5 | it back as much as possible. And so I think Gawker was the first one to notice this fun little |
| 1:04.0 | read on what's called Elite Daily. And the article was called, If you have savings in your |
| 1:08.4 | 20s, you're doing something wrong, written by |
| 1:10.9 | one Lauren Martin, a 20-something lady, and Pez dispenser of wisdom. This article went, |
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