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The Grant Williams Podcast

The Grant Williams Podcast Ep. 121 - David Leiter FULL EPISODE

The Grant Williams Podcast

Grant Williams

Investing, Business:investing, Business

4.81.6K Ratings

🗓️ 26 April 2026

⏱️ 68 minutes

🧾️ Download transcript

Summary

In this episode of The Grant Williams Podcast, I welcome David Leiter for a lively and highly practical conversation about his new book, Stop Making Stupid Investments: 7 Rules to Avoid the Hype and Build Real Wealth. David traces the unlikely path from guitar-obsessed kid and struggling salesman to Credit Suisse banker, Queens real-estate investor, and ultimately author of a book designed to help people avoid the traps he has seen ruin investors again and again. From dot-com mania and crypto yield schemes to Wall Street’s talent for repackaging risk under more appealing names, David lays out a refreshingly plain-spoken framework built around cash flows, downside risk, emotional discipline, and one beautifully simple maxim: “math is the enemy of bullshit.” Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory, Shifts Happen and The Hundred Year Pivot, is available to Copper and Silver Tier subscribers at my website www.Grant-Williams.com.  Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm…

Transcript

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0:00.0

Before we get going, here's the bit where I remind you that nothing we discussed should be considered as investment advice.

0:16.5

This conversation is for informational and hopefully entertainment purposes only.

0:20.6

So, while we hope you find it both informative and entertaining,

0:24.2

please do your own research or speak to a financial advisor

0:27.2

before putting a dime of your money into these crazy markets.

0:30.8

And now on with the show.

0:37.4

Welcome everybody to another edition of the Grant Williams podcast.

0:41.7

Joining me in a short moment is author David Leiter,

0:45.2

whose new book, Stop Making Stupid Investments,

0:48.4

Seven Rules to Avoid the Hype and Build Real Wealth,

0:51.1

is a fantastic book.

0:53.0

And we're going to talk about that.

0:54.2

And it's something that I think, everybody listening to this, we'll get something out of. I know I certainly did when is a fantastic book. And we're going to talk about that. And it's something that I think everybody listening to this will get something out of.

0:56.9

I know I certainly did when I read the book.

0:58.5

I thoroughly enjoyed it.

0:59.7

And I'm really looking forward to talking to David about it.

1:02.0

So without any further ado, let's welcome David Leiter to the podcast.

1:17.0

Thank you so much for joining me.

1:18.8

I'm really excited to talk about this book, you've read.

1:21.2

Thank you.

1:21.7

It's a pleasure to be here, Grant.

1:23.1

Let's start because you had an unusual entry to Wall Street.

...

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