Welcome to the Stay Welfy Podcast. I'm your host, Taylor Schulte, and today I have a great

conversation to share with you. I'm joined by my good friend Ruben Miller, founder and CIO of

Peltona Capital. In addition to being one of the most brilliant people I know in the investment

space, Ruben is also an amazingly

talented writer, and for the first time in his career, he's sharing his writing publicly on

his investment blog, Fortunes and Frictions. In this conversation today, Rubin and I talk about

three big things. Number one, why chess players don't make great investors. Number two, how

retirement savers should think about their future investment returns from their portfolio.

And number three, what everyone needs to know about expectations versus reality. We also talk

about risk-free investments, the importance of your time horizon,

and growth versus value stocks. So if you're ready to learn what it takes to have a successful

investing experience and how we can use evidence to make informed retirement planning decisions,

today's episode is for you. To grab the links and resources from today's show,

just head

over to you staywealthy.com forward slash 185. We talk about a lot of nerdy things here on the show,

but one topic I've never covered here is the game of chess. And you were fun fact,

national chess champion in fourth and

sixth grade. And you became a chess master at age 15. So I'm personally curious. What's the

backstory here? Who introduced you to the game of chess? What drew you in? And how the heck did you

become a national champion at age 10? It's probably easier at the age 10 than it is at like

age 17 to be totally blubbed. Actually, both of my brothers were also national chess champions.

They were, I believe they were both in kindergarten. So they were like five or six years old.

...