meta_pixel
Tapesearch Logo
Log in
Freakonomics Radio

518. Are Personal Finance Gurus Giving You Bad Advice?

Freakonomics Radio

Freakonomics Radio + Stitcher

Society & Culture, Documentary

4.632K Ratings

🗓️ 13 October 2022

⏱️ 63 minutes

🧾️ Download transcript

Summary

One Yale economist certainly thinks so. But even if he’s right, are economists any better?

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, it's Stephen Dubner.

0:05.9

Before we get to this week's episode, we need your help with a future episode.

0:10.0

Even if you don't know the book or the movie, even if you didn't know there was a book

0:15.2

or a movie, you probably know the word, Moneyball.

0:19.1

That was the title of a book published in 2003 by Michael Lewis.

0:23.6

The subtitle is The Art of Winning an Unfair Game.

0:27.7

It tells the story of a baseball executive, the Oakland A's General Manager Billy Bean,

0:32.7

who realized he couldn't compete with the big budgets of the bigger teams.

0:37.2

So when it came to assembling his roster, he put his money on smaller bets, smarter

0:42.4

bets, statistically sound bets.

0:45.7

That's what Moneyball has come to mean today, even a millions of people who don't know

0:49.6

a thing about baseball.

0:51.5

Moneyball means using data to identify advantages that other people might miss.

0:57.4

Next year will mark the 20th anniversary of Lewis' book, so we are going to interview him

1:03.2

for an episode of our Freakonomics Radio Book Club.

1:06.6

And this is your invitation to go ahead and read Moneyball or reread it.

1:12.5

And if you have questions, you'd like me to ask Michael when we interview him, send them

1:17.8

to radioatfreakonomics.com, Subject Line Moneyball.

1:23.1

Thanks in advance and now on to today's show.

1:30.6

I've got a question for you today, a personal question.

1:34.7

It's about something you may not be so comfortable talking about.

1:38.8

Let me give a little background first.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Freakonomics Radio + Stitcher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Freakonomics Radio + Stitcher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.