Magical Thinking?

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 11 January 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A few mutual funds turned a profit in 2022. Are the managers magicians? Investors need to face reality. No one has a secret (legal) way to make you lots of money in good markets and lose you nothing when they turn bad. Plus, a listener wants to know the best way to build the best portfolio in his 401k? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively
0:24.6	on Disney Plus.
0:27.0	18 plus subscription required
0:28.5	Teas and C's apply.
0:34.9	Reality radio for a
0:36.7	really great future.
0:38.0	We're talking real money.
0:41.2	Do you, do you, do you, do you believe in magic?
0:46.8	I don't think you really do.
0:50.2	I mean, a few of you might.
0:52.0	A few of you, you know, I mean, illusionists don't believe in magic.
0:56.3	It's not magic. It's an illusion. It's a trick. But I guess a couple of people, and I don't want to offend you, but a couple of people who really haven't thought things out. That's the nice way I, yeah, yeah, that's the nicest way to put it. You really haven't thought things out. A few people believe in magic, but most of us do not,
1:15.1	except when it comes to managing money. For some reason, we believe that there are people with
1:24.5	magical powers that can, in a bad year make money.
1:32.1	Now, there are people who in a bad year made money last year, 2022, but what was, was it skill or was it dumb luck?
	...

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