Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Okay, I'm very excited to be talking to David Stein, who produces and hosts one of iTunes's top 10 ranked podcast called Money for the Rest of Us.

He's got tens of thousands of people who listen to the show, which is really filled with very, very good advice.

So first of all, I strongly recommend it.

And I also want to say, David, hello.

How you doing?

I'm great.

Thanks for having me.

You know, one of the things that people talk about all the time is they're always looking

for the next great investment strategy.

And you've certainly seen many of them in your career in finance. But the index lovers always say,

you know, what are you fuzzling around with strategies and trying to come up with the next?

But just buy index funds. That's what they say. Does that make sense to you?

Well, I think buying index funds makes sense, but it doesn't stop there. In other words,

that's just one decision because where I get, you know, sort of frustrated with the all indexing all

the time camp is it's not just one decision. Once you decide that you believe the markets are

fairly efficient, that it doesn't pay to pay an active manager

to try to outperform the market, then you need to make the decision, well, which index fund?

You know, what is your asset allocation? What is the mix? Do you adjust your exposure to

different markets over time as conditions change? How frequently are rebalanced? So there were a lot of active

decisions when it comes to passive indexing. And so I have always been, you know, as an institutional

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