Investment Nostalgia (Tadas with Justin Mallory)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 3 May 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Many of us look back nostalgically on our childhood memories when life was simpler and allow the feeling of familiarity to warm our souls. That’s ok. But, save your memory of investment traditions for small loses where lessons were learned, stay educated about the changing landscape, and participate in the positive evolution of the industry.” Justin Mallory has a deep interest and background in financial planning and blogs at The Real Wealth Farmer. Tadas got Justin on Skype to talk about a recent post of his entitled “Investing Stranger Things” where he talks about how time, luck and nostalgia affects how we invest. You can read more about Justin’s take on how nostalgia affects our investments at his blog The Real Wealth Farmer: https://therealwealthfarmer.com/2019/04/29/investing-stranger-things/ Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: https://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you. https://thereformedbroker.com/terms-and-conditions/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, Justin, it's hottest. How are you?
0:03.0	Hey, I'm doing well, how are you?
0:05.0	I'm great.
0:06.0	Hey, I'm on the line with Justin Mallory, who has a deep interest in background in financial
0:10.0	planning and blogs at the Real Wealth Farmer.
0:12.0	I asked Justin on today to talk about a recent post-efficient planning and blogs at the Real Wealth Farmer.
0:12.5	I asked Justin on today to talk about a recent post of his entitled Investing Stranger Things.
0:17.8	The post caught my attention not only for the classic 1980s nostalgia, but it also raised a number of good points about how time events
0:24.6	and our memories affect how we approach investing. A classic example of this are
0:29.0	people who have lived through the Great Depression and in many cases their
0:32.2	ability to take on risk was dramatically
0:34.3	affected throughout their lives by their experiences.
0:37.6	So that seems like a good place to start.
0:39.7	Justin, you covered a lot of ground in this post.
0:42.3	What gave you the impetus to write it?
0:44.0	Well, when I did my tweet sort of introducing or advising that this post had come out,
0:52.3	I said that I've been feeling pretty
0:53.7	nostalgic lately and I think I just kind of had that general feeling over the last
0:59.6	year or two and I used the Stranger Things moniker because I think that kind of captured
1:05.8	some of what I've been feeling but I don't know I've been consuming a lot of
1:12.2	financial media and I think just kind of having that thought and then the consumption of financial media sort of spit out this kind of combination that related to two things, sort of the inputting
1:25.1	information and you're really surprised about kind of the things that your
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