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Money Tree Investing

Bulls Make Money… Bears Make Money… Pigs Get Slaughtered

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6658 Ratings

🗓️ 13 December 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

Bulls Make Money... Bears Make Money... Pigs Get Slaughtered is an old phrase which still hold true. Are you being a pig in your portfolio? This is a good time of year to reassess your portfolio and make sure you are not being a pig.

For more information, visit the show notes at https://moneytreepodcast.com/bulls-make-money-bears-make-money-pigs-get-slaughtered-563

 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Money Tree Investing Podcast.

0:04.0

Stock market, wealth, personal finance, value stocks, invest in your life.

0:10.0

Hello, Smart Money Tree Podcast listeners.

0:13.0

Welcome to this week's show.

0:14.0

My name's Kirk Chisholm and I'll be your host.

0:16.0

And today I'm joined with my good friend Doug.

0:18.0

Hey, you're in. Hey, Doug.

0:19.0

Hey, happy Friday again, Kirk.

0:20.0

Happy Friday. We're at it once again here to tell you everything that's going on in the world.

0:24.7

And let's start with a few key pieces. So real quick, we just want to make note of this. I mean,

0:30.9

everyone's probably heard it because nonstop since last week. But since our last show, Charlie Munger died and I would give a moment of silence for him,

0:39.2

but we're on a podcast and that would be weird and people would tune out. So we're not doing a

0:43.0

moment of silence, but doing a hypothetical moment of silence. Imagine we're doing it in your head.

0:47.2

Do you want to do a moment of humming?

0:51.2

Okay. That's our moment of silence. This is the best we can do. I did want to bring it up because

0:55.1

Charlie Munger is one of the greatest investors of our era. Quite a few people that deserve that

0:59.6

Monica, Warren Buffett, his partner being one of them, have to say his poor Charlie's

1:04.3

Almanac is a great read if you can find it. I don't know what the price is to get them now on

1:09.1

Amazon, but they're quite high.

1:15.3

So just wanted to mention that. If you have not heard of Charlie Munger, please read everything can about him. What he writes is brilliant. He actually taught Warren Buffett, Warren Buffett's most

1:20.1

valuable skill. And I want to talk about it here for a moment because I think it's really interesting

1:24.4

to learn. So Warren learned his skill way back. And what he

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