Financial Journalist Felix Salmon is a Curmudgeon and a Baker
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 7 December 2017
⏱️ 38 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
This week is another example of how the podcasting world really is like a small fraternity/sorority where hosts often appear on each other’s shows. Today it’s Felix Salmon, host of the Slate Money podcast, joining us on Better Off. If you’re not familiar with Felix, I think the best way to describe him is as a contrarian and/or curmudgeon...something he happily admits! I’m a big Felix fan and have been reading (he did stints at Reuters, Portfolio Magazine and Euromoney) and listening to him for quite some time so I had a list of topics to cover, including: Corporate responsibility Active versus passive investing His ongoing relationship with Anthony ScaramucciThe student loan crisisWhat’s next for the US economyIn addition to hosting Slate Money, Felix is currently the editor of Cause and Effect. Because we had so much fun, the interview went a bit long which means no caller this episode.  But fear not!  We’ll be back to our regular format next week. If you want some good laughs and top notch commentary, follow Felix on Twitter. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Hi it's Jill Schlesinger host of Better Off. Today we've got Felix Salmon the |
| 0:07.7 | host of the Slate Money Podcast and the editor of cause and effect dot FM. |
| 0:12.1 | If the stock market goes down, what does that mean? |
| 0:14.0 | It means rich people get poorer. |
| 0:15.0 | That's actually okay. |
| 0:16.0 | It also means that if you are working right now |
| 0:19.0 | and if you're saving for retirement, |
| 0:21.0 | you're really happy because all of those stocks are cheap and you get to buy them cheap |
| 0:24.4 | and it's much better to buy stocks low than it is to buy them high. |
| 0:28.2 | Anyone who is still working and is going to be working for another decade or two |
| 0:32.1 | should love it if stocks go down. |
| 0:34.0 | Welcome to the Better Off Podcast. |
| 0:37.0 | We're sponsored by Betterment, the largest independent online financial advisor. |
| 0:42.0 | We are delighted to have a special guest today. |
| 0:45.1 | Felix Salmon, he is the editor of Cause and Effect. He's also the host of a great |
| 0:50.4 | podcast called Slate Money. Felix has a long great career. great at Reuter, Senior Editor at Fusion, and now is the editor of Cause and Effect. |
| 1:05.8 | FM. He covers a number of different areas in financial services. He is |
| 1:11.0 | delighted to be the curmudgeon and the guy who takes the other side of a argument. |
| 1:16.0 | I invited Felix to come on the program because I was quite taken with some comments he made |
| 1:21.0 | about what the goals are for any corporation. |
| 1:25.0 | Because Felix and I have so much to talk about, no call this week, |
| 1:28.4 | don't worry, we'll go back to our calls. |
... |
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