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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Don't Chase Money Managers & Stock Tips w/ Ben Felix

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 21 October 2022

⏱️ 85 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 03:13 - What a Roth IRA is and the contribution limits it has. 15:38 - What an endowment fund is, who David Swensen is, and what an endowment model is. 32:19 - Why chasing or copying money managers isn't a great strategy and why this typically doesn’t end well for investors. 52:38 - What the potential pitfalls and dangers are of investing in high-dividend-yielding stocks . 01:08:13 - What The Feynman Technique is, and how Ben personally learns. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Ben Felix's YouTube account Common Sense Investing. Ben Felix's Rational Reminder podcast. Related Episode: Common Sense Investing w/ Ben Felix - MI054. Related Episode: Warren Buffett Might Not Actually be the Greatest Investor of All-Time w/ Ben Felix - MI077. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Ben: Website | LinkedIn | Facebook Connect with Robert: Website | Instagram  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP. On today's show, we continue to revisit some of my favorite

0:05.6

podcast from the past in this millennial investing rewind. If you've missed our previous

0:11.1

rewind episodes, we've started to reshare some older episodes that are my favorites for a few

0:17.0

reasons. One, we get a bunch of new listeners each week, so the new listeners may not

0:22.2

have heard this episode before. Two, even if you've been listening for a while, you may have

0:27.7

missed this episode when it originally came out. Or three, even if you've heard it before,

0:33.0

it can be a great episode to learn from again. If you've already heard this episode or you're not interested

0:38.1

in hearing it, feel free to just skip it. There's no harm in that, and you can pick up with our new

0:42.5

episodes next week. All right, guys, that's all I had for you for this new intro. Everything going

0:48.4

forward is going to be from the original show. Hope you guys enjoy it. On today's show, I bring back fan favorite and one of my

0:58.1

favorites, Ben Felix, for the third time. And this time we talk about Peter Thiel's $5 billion

1:03.6

Roth IRA, Endowment Funds, Endowment Models, and David Swenson, How to Navigate Through and

1:10.7

invest in high dividend yielding stocks,

1:13.8

ETFs, NFTs, and a bunch more. Ben Felix is a portfolio manager at PWL Capital and host of

1:21.3

the Common Sense Investing YouTube channel and the Rational Reminder podcast. As always, I really enjoy this conversation with Ben,

1:29.2

and I'm sure you guys will too.

1:30.9

Let's dive in.

1:32.5

You're listening to Millennial Investing by the Investors Podcast Network,

1:37.0

where your host, Robert Leonard,

1:38.8

interview successful entrepreneurs, business leaders, and investors

1:42.2

to help educate and inspire the millennial generation.

1:54.4

Hey, everyone. Welcome to the millennial investing podcast. I'm your host, Robert Leonard. And today, I have a guest with me, who is one of the very

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