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Talking Real Money - Investing Talk

Investing Is Dull

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 3 February 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Investing shouldn't be exciting. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Rated T for Teen.

0:02.0

Each year, thousands of adults lose their shred.

0:05.0

It's an epidemic simply known as shred loss, but it doesn't have to be this way.

0:09.0

Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.

0:14.0

With new parks, cross-platform multiplayer, and sick new game modes,

0:19.0

we can put an end to shred loss everywhere.

0:21.6

Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:25.6

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.

0:33.6

Reality Radio for a really great future.

0:37.9

We're talking real money.

0:40.3

So which are you?

0:42.3

Are you an investor or a gambler?

0:44.6

It matters because what you are determines what you're going to do in the future.

0:51.0

I believe that too many people who hold themselves out to be investors are actually gamblers.

0:57.2

They want excitement. They want a big win. They want a quick profit. That's not what an investor

1:03.0

should expect, nor what an investor is likely to get. So maybe you need to disabuse yourself of that

1:10.4

notion. That's just not going to happen.

1:12.6

And don't call yourself an investor if that's the way you think. Because investing, investing is and

1:20.4

should be incredibly dull and boring. As a matter of fact, many years ago, Paul Samuelson, who won the very first American

1:31.4

Nobel Prize for economics, said that investing should be dull. It should be like watching

1:38.3

paint dry or grass grow. And if you want excitement, you should go to Vegas. And he's exactly right.

1:47.5

Investing should not be exciting. And yet, recently, we've had all of this excitement. And again,

...

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