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Talking Real Money - Investing Talk

Advisors Lie

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 17 June 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

In today's skeptical episode: 0:04 Introduction: The Importance of Trust in Finance 3:09 The Market's Trustworthiness: A Closer Look 5:29 Misconceptions About the Market: Zero-Sum Game 9:53 Addressing Market Manipulation and Trust Issues 13:42 Managing Emotional Responses to Market Fluctuations 17:04 Understanding the Long-Term Value of Market Investing 21:27 Analyzing High Beta and Exponential Tech Investments 23:46 Evaluating the Role of Financial Advisors 25:48 Dissecting...

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.5

Let's talk about trust.

0:12.0

Trust is a big, big, big thing.

0:15.0

And often we misplace our trust.

0:18.1

We trust those we shouldn't and we don't trust those that maybe we should.

0:25.3

We're not very good judges of what to trust and what not to trust. And when it comes to money,

0:31.9

trust is so important. We talk about trusting, not even trust. I usually say don't trust and verify. You know,

0:41.4

just do both. Don't trust and verify because it's hard to trust.

0:48.5

Okay. What's to stop right there? That is because this is a key point. You have a general

0:53.7

distrust of things. I have a general distrust of things.

0:55.2

I have a general trust of them, which comes from our backgrounds, I think.

0:59.7

I grew up in an, I don't want to get too analytical here about who you really are.

1:04.9

But for me, I mean, do trust the financial services industry.

1:08.5

No, no, I do not.

1:10.0

Wait, wait.

1:11.4

Oh, excuse me. But if somebody walks in the door. Do you have a stability of distrust as I do? No, but if somebody walked in the door and said, here's something to believe, I'm more likely to believe it. You're more likely to disbelieve it. I think that comes from the way we were raised. That's just my take. I came from an environment where, yeah, there was, you trusted each other.

1:31.0

I'm not. from the way we were raised. That's just my take. I came from an environment where, yeah,

1:29.1

there was, you trusted each other. I'm not saying you didn't. I'm just saying in a general

1:34.1

sense, I trust things more than you do. I think that's true. When money is involved,

1:39.1

I, and you see, I'm trustful in relationship issues, I think, and the like vary.

1:45.7

But when it comes to money, I think it pays to be beyond skeptical.

...

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