4.6 • 658 Ratings
🗓️ 6 December 2015
⏱️ 49 minutes
🧾️ Download transcript
Doug Goldstein, author of Rich as a King, a book comparing investing to chess, joins us this week to talk about fundamental investing practices. How should beginners invest? What’s important about diversification (and when’s it overblown)? How important is it
The post MTI063: Investing Like a King with Doug Goldstein appeared first on Money Tree Investing Podcast.
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0:00.0 | Welcome to the Money Tree Investing Podcast. |
0:04.4 | Stock market, wealth, personal finance, value stocks, invest in your life. |
0:15.9 | Welcome to another episode of the Money Tree podcast. |
0:18.4 | I'm Joe Sol See-Hi from Stackin' Benjamins, and I'm in |
0:21.0 | the driver's seat today. So let's jump right into the show, shall we? Our guest, today's the co-author |
0:25.3 | of one of my favorite books on investing in financial planning. He's here to talk about investing |
0:30.5 | and how to line up the perfect portfolio. His book is called Rich as a King, How the Wisdom of Chess can make you a grandmaster |
0:39.0 | of investing. And I'm talking about Mr. Doug Goldstein, CFP, and host of two awesome podcasts as well. |
0:45.9 | Welcome to the show, Doug. Hey, it's really great to be here, Joe. Thank you. |
0:49.1 | Well, I'm really excited because, you know, we talk about all different types of investing, |
0:53.9 | but we don't often put |
0:55.5 | a wrapper on investments and just do where do investments really fit in your portfolio. So I was hoping |
1:01.6 | to do that today. You, when it comes to chess, it's funny because there's a bunch of jargon, |
1:07.6 | I know, in the chess world. In fact, fact it's funny i was at a board game conference |
1:11.1 | does that give me more street cred yeah you got street cred with me but i don't know about with your |
1:16.2 | listener i was at a board game conference and there were these people in front of me who had just |
1:20.4 | finished a game of chess and you know chess as you know dog has its own jargon right they're talking |
1:25.4 | about and i'm going to slaughter this but they're like well I took my Kings Rook six and did a something, something, and checkmate. And I'm like, wow, |
1:33.5 | it was this whole different language. Yeah, do you find that's the case with investing as we think |
1:38.1 | it's harder than it is because investing has its own language? Well, it's true, but Joe, I hang out with guys like you who actually try to |
1:44.9 | take all the investing jargon and leave it back at the office and then talk publicly using real |
1:49.4 | terms like make money or lose money, which is what people really understand instead of things like |
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