TIP266: David Stein - Key Questions & Answers to Master Investing (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 27 October 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s show we talk to David Stein about his new book and how to construct the optimal portfolio. IN THIS EPISODE YOU’LL LEARN: How to construct the optimal portfolio How to determine the expected return, upside, and downside of an asset class If you should ever be 100% invested in stocks? Why you should consider owning more than a dozen asset classes. Ask The Investors: How should I rebalance my portfolio? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. David Stein’s book, Money For the Rest of Us – Read reviews of this book David Stein’s Podcast, Money for the Rest of Us Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ 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 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. 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Transcript

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0:00.0	you're listening to TIP.
0:30.0	For the Delay, here's our interview with David Steen.
0:33.0	You are listening to THE Investors Podcast.
0:38.8	Where we study the financial markets and read the books that influence self-made billionaires
0:43.2	the most.
0:44.2	We keep you informed and prepared for the unexpected.
0:56.6	Welcome to THE Investors Podcast.
0:58.4	I'm your host, Stig Brodison, and as always, I'm here with my co-host Preston Pish.
1:03.4	We have David Steen from Money from the Rest of Us with us here today.
1:07.2	David, welcome to the show.
1:09.1	Thank you, it's great to be here.
1:10.8	Fantastic to have you here, David.
1:12.4	The framework of our conversation today is how to build the optimal portfolio for us as
1:16.9	investors.
1:17.9	Before we go into details, let's zoom out here for a moment.
1:21.4	David, could you talk to us high level about your thought process of building the portfolio
1:26.1	that matches both our financial goals but also our individual personalities?
1:30.8	Sure.
1:31.8	Certainly, my background, I spent 17 years as an institutional money manager working
1:37.1	with very high net worth individuals as well as mostly with endowments and foundations.
1:41.9	I approach investing like a portfolio manager.
1:44.9	What a portfolio manager does is they allocate their money among different asset categories.
	...

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