Does there need to be a loser for every winner when it comes to investing and economic growth?

Topics covered include:

• What are zero-sum games
• How trading can be a zero-sum game
• Why active management and seeking excess returns through security selections or country weights are zero-sum games
• Why the U.S. stock market has outperformed the rest of the world
• Why economic growth overall is not a zero-sum game, but some aspects of the economy are zero-sum games

For more information on this episode click here.

Sponsors

Go to GetSunday.com/David to get a customized lawn plan and 50% off your first Sunday Lawn Care box.

Use code MONEY10 to get 10% off on your NAPA Autoparts online order.

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.

Show Notes

With the Odds on Their Side, They Still Couldn’t Beat the Market by Jeff Sommer—The New York Times

International Diversification—Still Not Crazy after All These Years by Cliff Asness, Antti Ilmanen, and Daniel Villalon—AQR

The (Time-Varying) Importance of Disaster Risk by Ivo Welch—The Financial Analysts' Journal

The Economics of Biodiversity: The Dasgupta Review by Dasgupta P.—GOV.UK

Why the economy is not a zero-sum game: a simple explanation by Nathan Mech—Acton Institute

Defending the Free Market: The Moral Case for a Free Economy by Robert Sirico

Rents: How Marketing Causes Inequality by Gerrit De Geest

The Threat of Rent Extraction in a Resource-constrained Future by Stratford B.—White Rose Research Online

Related Episodes

421: Beware of Survivorship Bias When Investing

426: Which is Best – Active or Passive, ETFs or Funds?

430: How Should Personal and National Wealth Be Measured?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.