At the Money: Keeping It Simple

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 26 June 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're attracted to complex ideas – they sound sophisticated and smart – but are they the best approach? As it turns out, at least when it comes to your money, simple beats complex. Peter Mallouk, CEO of Creative Planning ($300B in client assets), speaks with Barry Ritholtz about the advantages of keeping it simple.

Each week, "At the Money" discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz each week to learn the best ways to put your money to work.

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Transcript

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0:00.0	What does the birth of a powerful US dollar in the 1860s have to do with
0:04.5	cryptocurrencies becoming the internet of the monetary system?
0:07.8	Stay tuned to this podcast to explore the connection. Join global business leaders and investors at the Bloomberg Sustainable Business Summit
0:21.3	returning to Singapore on July 31st.
0:24.0	Take part in solutions-driven discussions on how to drive business value and unlock opportunity
0:30.0	while remaining nimble in times of change and greater ESG accountability.
0:34.6	Learn more at Bloomberg Live.com slash sustainable biz Singapore.
0:39.0	That's Bloomberg Live.com slash sustainable biz Singapore.
0:45.0	Bloomberg Audio Studios
0:49.3	podcasts radio news.
0:52.0	Tell me
0:53.0	When I had to go make things so complicated.
0:57.0	See the way you're acting like somebody else gets me frustrated. We're attracted to complex ideas maybe because they sound
1:07.2	sophisticated and smart but when it comes to your money simple simple, beats complex. The more complicated and investment
1:16.3	approach is the more error-prone it tends to be. Even the best strategies can be
1:22.2	undone with only one mistake.
1:25.0	I'm Barry Ritholz and on today's edition of At the Money,
1:28.0	we're going to discuss how to keep it simple and avoid the most common mistakes investors make.
1:35.2	To help us unpack all of this and what it means for your finances, let's bring in Peter
1:39.6	Malooq.
1:40.1	He is the CEO of Creative Planning, which manages over $300 billion.
1:44.8	Peter also wrote two books coincidentally on these exact topics.
	...

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