Little Do They Know

Talking Real Money - Investing Talk

Don McDonald

Business, Investing, Education, How To

4.5 • 811 Ratings

🗓️ 28 June 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are inundated with "expert" financial advice. Is it worth heeding? There are a lot of people who claim to be able to predict the financial future, but they all have one thing in common with plain old us. They CANNOT know the future. So, why bother listening, watching, or reading their advice? Then, we hear from some of you wondering: If Bitcoin makes simple mathamatical sense as an investment? What do we think of lightly traded ETFs? Learn more about your ad choices. Visit megaphone.fm...

Transcript

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0:00.0	Reality Radio for a really great future. We're talking real money.
0:10.4	I made the mistake yesterday of wandering downstairs in my house. I'm always happier when I stay
0:17.8	upstairs where my studio is. If I just stay upstairs, life is generally good till I talk to Tom and he shares some terrible
0:27.1	story with me that makes my life miserable again.
0:30.4	But generally speaking, if I just keep to myself and don't go downstairs, I'm in good shape.
0:34.5	And yesterday I went downstairs and what does my wife have on on the
0:39.4	television? I don't even like television. I mean, I like watching things, but not real television.
0:46.0	What does she, what does you think she's watching on the television, Tom? She is watching the news,
0:50.5	the news. Yeah, but let's get more specific. Which news channels is she watching?
0:56.2	She's flipping between the two of them.
0:57.9	I'm guessing one starts with a C and one starts with an F.
1:03.2	Yeah.
1:03.9	Okay.
1:05.3	Yeah.
1:06.0	Not to give many free advertising.
1:08.3	Yeah.
1:09.0	CNBC.
1:10.4	I figured that one.
1:11.4	And Fox Business.
1:14.3	Yeah.
1:15.5	And as I'm hovering in the background, I'm listening to this never-ending chain of experts all claiming that they know things that can't possibly be known.
1:33.1	And I'm thinking to myself, why do we do this to ourselves?
	...

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