Making Cash vs Preserving Money
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 14 May 2023
⏱️ 26 minutes
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| 0:00.0 | I think that's a goal for a lot of people. |
| 0:02.9 | They'd love to vault into the tens of millions or hundreds of millions of dollars of wealth. |
| 0:09.0 | What we've observed and I've done some research on this as well is really to get that much |
| 0:13.2 | money, you're not going to get there typically by just having a little bit of money, 10 grand |
| 0:20.8 | or 50 grand and investing it in the stock market. |
| 0:24.8 | The way people get that much money, you know, within a few decades of a career is with almost |
| 0:32.1 | no exception. |
| 0:33.7 | They are owners of a business. |
| 0:38.4 | I'm Mary Long and that's John M. Jennings, president of a wealth management firm that specializes |
| 0:43.8 | in serving high net worth individuals. |
| 0:46.7 | He's also the author of the new book, The Uncertainty Solution, How to Invest with Confidence |
| 0:51.1 | in the Face of the Unknown. |
| 0:53.2 | Earlier this month, the Dearser Woolard caught up with Jennings to discuss why one and a |
| 0:56.8 | million happens more often than you may think and the difficulty of investing in trends. |
| 1:02.5 | Quick note, this conversation was recorded on Friday, May 5th. |
| 1:07.0 | I love this book because you talk about uncertainty in this way that I think is really important |
| 1:16.0 | for people to understand and just to start off with one of the, you give mental models |
| 1:20.6 | throughout the book, which is really helpful. |
| 1:22.9 | You talk about accepting that the highly improbable happens all the time. |
| 1:27.6 | I don't think most of us think of the improbable as happening every day, but if we accept that, |
| 1:33.0 | how do you prepare your portfolio and really yourself to handle that? |
| 1:37.2 | Well, I'll tell you, it makes life maybe a little less fun because sometimes when we get |
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