MI106: Don't Chase Money Managers & Stock Tips w/ Ben Felix

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 593 Ratings

🗓️ 18 August 2021

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 3:13 - What a Roth IRA is and the contribution limits it has 15:38 - What an endowment fund is, who David Swensen was, and what an endowment model is 31:21 - Why chasing or copying money managers isn't a great strategy and why this typically doesn’t end well for investors 53:58 - What the potential pitfalls and dangers are of investing in high-dividend-yielding stocks 1:05:33 - 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. Get more FREE content from Robert Get a FREE audiobook from Audible Read the 9 Key Steps to Effective Personal Financial Management Check out our Investing Starter Packs about business and finance Ben Felix's Youtube account Common Sense Investing Ben Felix's Rational Reminder podcast Tyler Cowen’s podcast Conversations with Tyler John Cochrane's podcast The Grumpy Economist MI054: Common Sense Investing w/ Ben Felix MI077: Warren Buffett Might Not Actually be the Greatest Investor of All-Time w/ Ben Felix REI081: Secret Accounts of the Wealthy, That You Can Use Too w/ Bill Neville (Part 1) REI082: Secret Accounts of the Wealthy, That You Can Use Too w/ Bill Neville (Part 2) Bloomberg article “Record Stock Sales from Money-Losing Firms Ring the Alarm Bells” David Swensen’s book Unconventional Success David Swensen’s book Pioneering Portfolio Management John Bogle’s book The Little Book of Common Sense Investing Joel Greenblatt’s book The Little Book That Still Beats the Market All of Robert’s favorite books SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.3	Skilled managers don't benefit investors, but they benefit themselves by having a greater capacity
0:08.7	to manage assets, which of course they're charging fees on.
0:13.2	So even if you can find a skilled manager, I guess the trick is investing in them before
0:18.1	everybody else realizes that they're skilled, which makes it even more
0:21.1	challenging to execute.
0:24.8	On today's show, I bring back fan favorite and one of my favorites, Ben Felix, for the third time.
0:31.0	And this time we talk about Peter Thiel's $5 billion Roth IRA, endowment funds, endowment models,
0:39.9	and David Swenson, how to navigate through and invest in high dividend yielding stocks, ETFs, NFTs, and a bunch more.
0:47.7	Ben Felix is a portfolio manager at PWL Capital and host of the Common Sense Investing
0:52.5	YouTube channel and the Rational Reminder podcast.
0:55.8	As always, I really enjoy this conversation with Ben, and I'm sure you guys will too.
1:01.0	Let's dive in.
1:02.6	You're listening to Millennial Investing by the Investors Podcast Network, where your host,
1:07.8	Robert Leonard, interview successful entrepreneurs, business leaders, and investors
1:12.3	to help educate and inspire the millennial generation.
1:24.4	Hey, everyone. Welcome to the millennial investing podcast.
1:28.9	I'm your host, Robert Leonard.
1:35.6	And today I have a guest with me who is one of the very few guests that has been on the show now three times.
1:37.8	And I'm sure there are going to be more to come.
1:39.3	Welcome back to the show, Ben.
1:40.9	Hey, thanks for having me back.
	...

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