There are just a few basic, simple things that everybody should know about money.

Once you know that, you don't really need to know a whole lot of stuff.

In fact, if you do know a whole lot of other stuff, you can get kind of sucked into it.

And before you know it, you're speculating in commodities and losing all your money

or you're doing this and doing that.

It's not like chess or gardening or cooking where the more you're doing this and doing that. It's not like

chess or gardening or cooking where the more you read, the better you get. Hello, friends. This is

Tyler Gardner welcoming you to another episode of your Money Guide on the Side, where it is my job

to simplify what seems complex, add nuance to what seems simple, and learn from and alongside some of the brightest minds

in money, finance, and investing. So let's get started and get you one step closer to where

you need to be. My guest today is a personal finance legend. Someone whose work has shaped the way

I first started thinking about money and investing.

In fact, one of his books, The Only Investment Guide You'll Ever Need,

was quite literally the only investment guide I ever used for about 20 years.

And to this day, it sits on my bookshelf, and I keep going back to it

for its timeless principles, its wit, and most of all, its compassion.

Andrew Tobias has that rare ability to make money feel human, less intimidating, more accessible,

and somehow even fun.

Andrew's career has been anything but conventional.

He majored in Slavic languages at Harvard, but spent most of his time

running a student business empire and helping publish Let's Go, the student guide to Europe. He went

on to Harvard Business School, wrote for New York Magazine, Time, and Esquire, and eventually

...