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Motley Fool Money

David Gardner, The Case for Rational Optimism

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 11 January 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

You don’t have to look far to find a lot to worry about. But, a long-term bet on negativity is a bet against history. David Gardner is a co-founder and Chief Rule Breaker at The Motley Fool. Ricky Mulvey caught up with David for a conversation about: - Why buying and holding works. - Rational optimism. - The future of space travel. Check out David’s weekly show Rule Breaker Investing at the link below, or wherever you listen to podcasts: https://www.fool.com/podcasts/rule-breaker-investing/ Companies discussed: NVDA, SPOT, AMC, META, RKLB Host: Ricky Mulvey Guest: David Gardner Producer: Mary Long Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's a tendency, of course, with our New Year's resolutions to get excited and to go all in, see where the market is.

0:06.7

Think about some of the exciting industries of today and think, oh, yeah, I should load up and put it all in this one thing.

0:12.4

And I hope anybody listening to us will think more about their first 20 investments and taking, let's say, $2,000 and investing it $100 each in 20 different stocks and start there and build from there.

0:28.6

I'm Mary Long, and that's David Gardner, co-founder and chief rulebreaker here at The Motley Fool.

0:33.8

He's also the host of our sibling podcast, Rule Breaker Investing.

0:37.5

My colleague, Ricky Mulvey, caught up with David for a wide-ranging conversation about

0:41.5

rule breaker investing and how its principles apply not just to stock picking, but to life.

0:46.6

They also discuss why individual investors don't have to think in one-year increments,

0:51.1

finding companies that add real value to the world, and how to use the market

0:55.8

as a teacher.

1:07.1

So, David, I'd like to start off the show with a little bit of storytelling as we welcome in

1:11.6

some newer investors and people who have hopefully been listening to this show for months

1:15.7

and even years. I've been working at the full for a few years now. And often when I meet people

1:21.7

who learn that I work at the Motley Fool, they'll tell me some version of this story.

1:26.4

You know, when I just started learning

1:27.9

about investing, I read your articles. And I've heard that from, I've heard that from journalists.

1:32.6

I've heard that actually from a CEO we had on the show. So people from all walks of life coming

1:37.7

to the Motley Fool to learn about investing. And, you know, I'm hopeful that we'll have some

1:42.8

of those stories starting as we start

1:44.8

2025. But as you think about your experience co-founding this company and being here through the

1:51.6

years, do you have a favorite story in particular that starts with the line? When I wanted to learn

1:57.1

about investing, I came across the Motley Fool. Well, I'm happy to say, Ricky, 31 years in,

...

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