The Long View

Our guest on the podcast this week is personal finance expert and author, Ramit Sethi. His first book I Will Teach You to Be Rich, published in 2009, was a best-seller. A second edition of the book came out in 2019. Ramit is the founder of IWillTeachYouToBeRich.com, and he is also the host of a new podcast called, I Will Teach You to Be Rich, which features in-depth conversations with couples about money.

Background

Bio

I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a Six-Week Program That Works, by Ramit Sethi

I Will Teach You to Be Rich Podcast

IWillTeachYoutoBeRich.com

In-Depth Conversations With Couples

“Ramit Sethi Launches Groundbreaking Podcast,” Yahoo.money.com, Aug. 4, 2021.

“Conscious Spending Plan: How to Budget by Looking Into the Future,” by Kara Copple, Iwillteachyoutoberich.com, Nov. 23, 2020.

“Is Renting a Waste of Money? Ramit Sethi Explains,” by Ramit Sethi, Iwillteachyoutoberich.com, Sept. 22, 2021.

“Episode 17: I Think He Should Pay for Everything Because He’s the Man,” I Will Teach You to Be Rich Podcast, Iwillteachyoutoberich.com, Nov. 9, 2021.

“Episode 18: He’s the Man & He Should Pay. We Can’t Go on Like This Anymore,” I Will Teach You to Be Rich Podcast, Iwillteachyoutoberich.com, Nov. 16, 2021.

“Episode 14: I Hide My Spending From My Husband,” I Will Teach You to Be Rich Podcast, Iwillteachyoutoberich.com, Oct. 19, 2021.

“Episode 16: We’re Worth $8 Million but I Comparison Shop for Strawberries,” I Will Teach You to Be Rich Podcast, Iwillteachyoutoberich.com, Nov. 2, 2021.

“Money Dials: The Reason You Spend the Way You Do According to Ramit Sethi,” by Ramit Sethi, Iwillteachyoutoberich.com, Oct. 22, 2021.

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Our guest this week is Phil Huber. He is chief investment officer at Savant Wealth Management, a fee-only registered investment advisor. Previously, Huber worked for Huber Financial Advisors, which Savant acquired in 2020. Huber is active in the financial blogosphere with his blog bps and pieces.com. He has a bachelor's degree in finance from the Kelley School of Business at Indiana University and has earned both the Certified Financial Planner and Chartered Financial Analyst designations. Huber is also the author of a new book, The Allocator's Edge: A Modern Guide to Alternative Investments and the Future of Diversification.

Bio

Savant Wealth Management

Bps and pieces

The Allocator's Edge: A Modern Guide to Alternative Investments and the Future of Diversification

"Evidence-Based Investing: Application and Monitoring," by Phil Huber, savantwealth.com, March 22, 2021.

"In Defense of Complexity," by Phil Huber, bpsandpieces.com, March 16, 2019.

"The Four C's of Investment Costs," by Phil Huber, bpsandpieces.com, Nov. 3, 2021.

"Inflation: Temporary or Here to Stay?" by Daniel G. Noonan, savantwealth.com, Sept. 15, 2021.

"Ask Meaningful Questions: Bonds and Alternatives," by Phil Huber, savantwealth.com, March 21, 2021.

“The Elements of Diversification," by Phil Huber, bpsandpieces.com, Nov. 19, 2018.

"Three Tips for Evidence-Based Retirement Plans," by Isaac Presley, cordantwealth.com, Nov. 29, 2017.

"Diversification Means Always Having to Say You're Sorry," by Brian Portnoy, forbes.com, March 9, 2015.

"Liquid Alts Revival?" by Phil Huber, bpsandpieces.com, April 7, 2021.

"Inside the Morningstar Style Box for Alternatives," by Jason Kephart, Morningstar.com, Oct. 30, 2017.

"Patrick O'Shaughnessy: 'Custom Indexing Unlocks a Lot of Benefits'," The Long View, Morningstar.com, May 12, 2021.

Canvas

"For a While, Bond Funds Were an Exception to the Indexing Rule," by Carla Fried, nytimes.com, Jan. 11, 2019.

"Around the ETF World in 80 Hours," by Phil Huber, bpsandpieces.com, Feb. 14, 2020.

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Our guest this week is Robin Wigglesworth. Robin is the Financial Times' global finance correspondent based in Oslo, Norway. He covers investing in markets with a focus on technological disruption and quantitative investing. He joined the FT as a Gulf correspondent in June 2008. Before that, he was a Nordic economics and politics correspondent for Bloomberg News. Robin is a graduate of City, University of London and received his master's in history of international relations from the London School of Economics and Political Science. Robin is here to discuss his new book, Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever.

Background

Bio

Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever

History of Indexing

“Louis Bachelier: An Underappreciated Revolutionary,” historyofdatascience.com, June 3, 2021.

Paul Samuelson

Efficient Market Hypothesis

Rex Sinquefield

Dean LeBaron

Mac McQuown

Jack Bogle

John Brennan

Dimensional Fund Advisors

Dan Wheeler

Larry Fink

Eugene Fama

Harry Markowitz

Bill Sharpe

Baby Bells

Technology

Cowles Foundation for Research in Economics

“Can Stock Market Forecasters Forecast?” by Alfred Cowles, yale.edu, 1933.

The Beginning of ETFs

“Passive Attack: The Story of a Wall Street Revolution,” by Robin Wigglesworth, FT.com, Dec. 19, 2018.

“All That Drama About Fixed-Income ETFs Was Overplayed,” by Robin Wigglesworth, FT.com, April 21, 2020.

Nate Most

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Our guest on the podcast today is Charles Rotblut. Charles is vice president at the American Association of Individual Investors, and he's also editor of the AAII Journal. Charles wrote the book Better Good Than Lucky, which was published in 2010. And he's a CFA charterholder.

Background

Bio

AAII Journal

Better Good Than Lucky: How Savvy Investors Create Fortune With the Risk-Reward Ratio, by Charles Rotblut

AAII

PRISM Wealth-Building Process

“Always Leave Home Without It: A Further Investigation of the Credit-Card Effect on Willingness to Pay,” by Drazen Prelec and Duncan Simester, Marketing Letters, NYtimes.com, June 8, 2000.

“Aging’s Adverse Impact on Decision-Making,” by Charles Rotblut, aaii.com.

AAII Investor Sentiment Survey

“Meb Faber: ‘To Be a Good Investor, You Have to Be a Good Loser,’” The Long View Podcast, morningstar.com, Sept. 7, 2021.

Investor Behavior

“A Rules-Based Approach to Managing a Portfolio,” by Charles Rotblut, aaii.com, April 6, 2017.

“A Process for Creating Your Own Investing Plan,” by Charles Rotblut, aaii.com.

“Using the Power of the Written Word to Improve Your Returns,” by Charles Rotblut, cannonfinancial.com, September 2018.

The National Weight Control Registry

“Save More Tomorrow:™ Using Behavioral Economics to Increase Employee Saving,” by Richard H. Thaler and Shlomo Benartzi, journals.uchicago.edu, February 2004.

“There’s a Brilliant Reason Why Van Halen Asked for a Bowl of M&Ms With all the Brown Candies Removed Before Every Show,” by Julie Zeveloff, businessinsider.com, Sept. 7, 2016.

“Avoid the Psychological Traps of the Market With The Dreman Screen,” by Charles Rotblut, forbes.com, Oct. 6, 2021.

Investing at Level 3, by James Cloonan

“The Portfolio Size Effect and Using a Bond Tent to Navigate the Retirement Danger Zone,” by Michael Kitces, kitces.com, Oct. 5, 2016.

“Managing Sequence of Return Risk With Bucket Strategies Vs. a Total Return Rebalancing Approach,” by Michael Kitces, kitces.com, Nov. 12, 2014.

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Our guest this week is Bob Seawright. Bob is chief investment and information officer at Madison Avenue Securities, a Registered Investment Advisorand broker/dealer based in San Diego, California. Bob has received a number of accolades through the years but is perhaps best known for his popular newsletter, "The Better Letter," where he writes about a wide range of topics, including human behavior, decision-making, and investing. Before coming to the finance industry, Bob was a practicing lawyer. He later joined Merrill Lynch, where he worked as a financial advisor until joining Madison in 2010. Bob earned his bachelor's degree from the State University of New York at Fredonia, his J.D. from Duke University, and is a CFA charterholder.

Background

Bio

The Better Letter

How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest, by Joshua Brown and Brian Portnoy

Ubiquity: Why Catastrophes Happen, by Mark Buchanan

Terrance Odean: “The Average Investor Is His Own Worst Enemy,” Forbes.com, June 10, 2010.

Confirmation Bias and Addition by Subtraction

“The Better Letter: Believing Is Seeing,” by Bob Seawright, betterletter.substack.com, May 21, 2021.

The Geometry of Wealth: How to Shape a Life of Money and Meaning, by Brian Portnoy

“A Hierarchy of Advisor Value,” by Bob Seawright, RPSeawright.wordpress.com, Feb. 12, 2016.

“The Better Letter: Addition by Subtraction,” by Bob Seawright, betterletter.substack.com, July 30, 2021.

Error Avoidance

“Investors’ 10 Most Common Behavioral Biases,” by Bob Seawright, RPSeawright.wordpress.com, July 16, 2012.

“Not Stupid Wins,” by Bob Seawright, RPSeawright.wordpress.com, Dec. 20, 2019.

“The Better Letter: Crash Protection,” by Bob Seawright, betterletter.substack.com, Sept. 24, 2021.

“Forecasting Follies 2020,” by Bob Seawright, RPSeawright.wordpress.com, Jan. 2, 2020.

Skill Versus Randomness

“The Better Letter: Randomness Rules,” by Bob Seawright, betterletter.substack.com, July 16, 2021.

“The Better Letter: Process, Probability, and Power,” by Bob Seawright, betterletter.substack.com, Aug. 14, 2020.

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Our guest on the podcast today is author and blogger Fritz Gilbert. Fritz spent more than 30 years in corporate America, before retiring at age 55. He and his wife moved to a cabin in the Georgia mountains, where they enjoy community involvement and charity work. Fritz has been writing about the experience and giving advice at his blog, theretirementmanifesto.com. He also wrote a book about retirement, called Keys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years.

Background

Bio

Twitter: https://twitter.com/RetireManifesto

What I've Learned From 2 Years of Retirement, by Fritz Gilbert; June 3, 2020

Wise Advice for a Successful Retirement, by Fritz Gilbert; April 22, 2020

Freedom for Fido, by Fritz Gilbert; May 7, 2019

Freedom for Fido website

The Dark Side of Retirement, by Fritz Gilbert; Nov. 19, 2019

The One Retirement Question Project, by Fritz Gilbert; May 18, 2018

The Wall Street Journal. Complete Retirement Guidebook: How to Plan It, Live It and Enjoy It

Karsten Jeske/Early Retirement Now

The Safe Withdrawal Rate Series

Karsten Jeske: Cracking the Code on Safe Withdrawal Rates. The Long View podcast. Oct. 13, 2020.

Retirement Readiness

10 Steps to Make Sure You Have Enough Money to Retire, by Fritz Gilbert; May 26, 2021

20 Steps to Take in the Year Before Retirement, by Fritz Gilbert; Jan. 2, 2019

The Ultimate Pre-Retirement Checklist, by Fritz Gilbert; March 27, 2018

How To Build a Retirement Paycheck From Your Investments, by Fritz Gilbert; Oct. 4, 2016

Retirement: Decumulation and Investments

How to Manage the Bucket Strategy, by Fritz Gilbert; Jan. 15, 2020

A Step-By-Step Guide for Your Annual Financial Update, by Fritz Gilbert; Jan. 1, 2020

Our Retirement Investment Drawdown Strategy, by Fritz Gilbert; June 20, 2017

How to Move Your Retirement From Good to Great in 7 Days, by Fritz Gilbert; May 31, 2017

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Our guest on the podcast today is author Zachary Karabell. He’s written numerous books about global history, economics, and politics. His latest is called Inside Money: Brown Brothers Harriman and the American Way of Power.

Background

Bio

Website

Twitter: @zacharykarabell

The Progress Network

Brown Brothers Harriman

Career/Investing

Inside Money: Brown Brothers Harriman and the American Way of Power, by Zachary Karabell, 2021.

“Zachary Karabell: How a Boring Bank Shaped the Rise of American Power," by Jane Wollman Rusoff, ThinkAdvisor.com, July 30, 2021.

The Leading Indicators: A Short History of the Numbers That Rule Our World, by Zachary Karabell, 2014.

"Capitalism Doesn’t Have to Be This Way," by Zachary Karabell, The Atlantic, May 21, 2021.

“The Capitalist Culture That Built America,” by Zachary Karabell, The Wall Street Journal, May 14, 2021.

“Fannie, Freddie, and the Destructive Dream of the 'Ownership Society,’ ” by Zachary Karabell, The Atlantic, Aug. 10, 2013.

“A House Is a Home--Not an Investment,” by Zachary Karabell, The Atlantic, Sept. 13, 2013.

C-Span Inside Money, hosted by Museum of American Finance in New York City, July 14, 2021.

China

Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It, by Zachary Karabell, 2009

“Trump Got China All Wrong. Now Biden Is Too,” by Zachary Karabell, Foreign Policy, March 24, 2021

“China’s Didi Crackdown Isn’t All That Different From U.S. Moves Against Big Tech,” by Zachary Karabell, Time, July 9, 2021.

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Our guest this week is the Dhananjay Phadnis. DJ is the manager of the Fidelity Sustainable Asian Equity strategy, which he has run since 2013. DJ joined Fidelity as an analyst in 2004 and has served in a number of roles during his tenure, including stints managing Fidelity Indonesia Fund as well as Fidelity's director of research in Hong Kong. DJ graduated from Pune University in India and holds a postgraduate degree in management from the Indian Institute of Management. He is a CFA charterholder and an associate of the Institute of Chartered Accountants of India.

Background

Bio

Fidelity Sustainable Asia Eq A-Dis-EUR

China

“Fund Update--Sustainable Asia Equity,” by Dhananjay Phadnis, fidelity.co.uk.com, Aug. 25, 2021.

“Capitalising on Asia’s Sustainability Transition,” by Dhananjay Phadnis, fidelity.co.uk.com, July 12, 2021.

“On the Hunt for Sustainable Growth in Asia,” by Dhananjay Phadnis, fidelity.co.uk.com, April 21, 2021.

“Seven Themes That Investors in Emerging Asia Have to Watch,” by Gary Jackson, trustnet.com, Feb. 15, 2019.

ESG

“Sustainability Is Key for Value Creation,” by Dhananjay Phadnis and Flora Wang, fidelityinternational.com, March 2, 2021.

“DJ Phadnis: A Commitment to Sustainable Practices Can Improve Long-Term Value,” YouTube video, Fidelity International, March 25, 2021.

“An Active Approach to ESG Investing Is Key for Investors Trying to Drive Sustainable Change in Asia,” by Dhananjay Phadnis, linkedin.com, Sept. 20, 2021.

“Investors Eye Early Stage Sustainability,” esgclarityasia.com, July 15, 2021.

“ESGenius: A Sustainability Lens Can Help Discern the Trends That Matter,” by Dhananjay Phadnis, fidelityinternational.com, June 10, 2020.

Investing and Stocks

“Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,’” The Long View Podcast, Morningstar.com, April 21, 2021.

“Martin Lau: Now Is a Better Time to Buy China,” The Long View Podcast, Morningstar.com, Aug. 3, 2021.

“Asia Equities: Bottom-Up, Stock Specific Opportunities Abound,” by Dhananjay Phadnis, fidelity.com.

“Macau, China’s Casino Capital, Has Enjoyed a Decades-Long Winning Streak. It Might Finally End,” by Eamon Barrett, fortune.com, Sept. 16, 2021.

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Our guest on the podcast today is Tadas Viskanta. Tadas is the director of investor education at Ritholtz Wealth Management. He's also the founder and editor of the popular financial and investing blog Abnormal Returns, which he launched in 2005. Tadas is the author of the book Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere and has coauthored a number of papers that have appeared in esteemed academic publications like the Financial Analysts Journal. Tadas earned his bachelor's degree in economics and political science from Indiana University and his MBA from the University of Chicago Booth School of Business.

Background

Bio

Abnormal Returns

Twitter: @abnormalreturns

Abnormal Returns: Winning Strategies From the Frontlines of the Investment Blogosphere by Tadas Viskanta

Investor Education

“Financial Literacy vs. a Fiduciary Standard: Which Matters More?” by Tadas Viskanta, abornormalreturns.com, May 26, 2019.

“What Has the Stock Market Taught Us Since 2010? ” by Ben Carlson, awealthofcommonsense.com, Sept. 10, 2021.

Content

“Earning the Permission of Your Audience,” by Tadas Viskanta, abnormalreturns.com, Feb. 21, 2021.

“Keys to Social Media Success: Curiosity, Conversation, and Patience,” by Sloane Ortel, cfainstitute.org, May 15, 2016.

HumbleDollar

Jonathan Clements

The Rational Reminder Podcast

Retirement Planning and Personal Finance

“Don’t Short-Circuit Your Financial Plan With an Inflexible Spending Rule,” by Tadas Viskanta, abnormalreturns.com, July 31, 2019.

“Shifting Gears in Retirement Isn’t Easy,” by Tadas Viskanta, abnormalreturns.com, Nov. 23, 2019.

“Social Influence and the Rise of Index Investing,” by Tadas Viskanta, medium.com, Feb. 12, 2017.

Canvas platform, O'Shaughnessy Asset Management

“Not All That Glitters Is Gold With Tadas Viskanta,” ycharts.com, 2021.

Other

The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, by Michael J. Mauboussin

“Consilient Observer,” by Michael Mauboussin and Dan Callahan

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Our guest on the podcast today is Lynnette Khalfani-Cox. She's a personal finance expert, speaker, and author of 15 money-management books, including The New York Times best-seller, Zero Debt: The Ultimate Guide to Financial Freedom. Khalfani-Cox and her husband co-own TheMoneyCoach.net, which offers financial education consulting services, courses, and workshops. Before starting TheMoneyCoach.net, Khalfani-Cox was a Wall Street Journal reporter for CNBC, where she covered business and personal finance news. She spent nearly 10 years at Dow Jones & Company working as a reporter, bureau chief, deputy managing editor, and personal finance editor. She received her undergraduate degree from the University of California at Irvine, and her master's degree in broadcast journalism from the University of Southern California.

Bio

TheMoneyCoach.net

Books by Lynnette Khalfani-Cox

"Here's What the 'Black Tax' Does to so Many Families--Including Mine," by Lynnette Khalfani-Cox, Vox, March 24, 2021.

"How Income and Savings Affect the Racial Wealth Gap," by Steve Wendel, Morningstar.com, Aug. 27, 2021.

"100 Must-Know Statistics about Race, Income, and Wealth," by Christine Benz, Morningstar.com, June 8, 2020.

"Why the Racial Wealth Gap Exists, and What You Can Do About It," by Nicole Dieker, Haven Life, July 10, 2020.

"3 Ways to Close the Racial Wealth Gap After the Pandemic," by Kemberley Washington, Forbes, June 10, 2021.

"A Lesson in Economic Violence," by Lynnette Khalfani-Cox, AskTheMoneyCoach.com.

"Financial Advice During the COVID-19 Pandemic," by Lynnette Khalfani-Cox, aalbc.com, May 30, 2020.

"How to Set Money Boundaries With Your Family," Meena Thiruvengadam, Yahoo News, Sept. 8, 2021.

Ariel-Schwab Black Investor Survey

"A Money Expert Who Bought her Daughter an Apartment for College Said It Worked So Well She's Doing the Same Thing for her Son," by Liz Knueven, Business Insider, Sept. 24, 2019.

"Are You Ready for Homeownership?" by Lynnette Khalfani-Cox, AskTheMoneyCoach.com.

"Are You a Victim of Financial Abuse?" by Lynnette Khalfani-Cox, AARP.

"What to Do If You Can No Longer Afford to Pay for College Due to COVID-19," by Lynnette Khalfani-Cox, AskTheMoneyCoach.com.

"Student Debt Sinks Retirees," by Lynnette Khalfani-Cox, AARP, April 18, 2017.

"Seven Ways to Pay Off Your Student Loans," by Lynnette Khalfani-Cox, AskTheMoneyCoach.com.

"Tackling Student Loan Debt," by Lynnette Khalfani-Cox, AARP.

"Are Your Kids Making You Broke?" by Lynnette Khalfani-Cox, AARP, January 2013.

“7 Financial Tips for Parents of College Students," by Lynnette Khalfani-Cox, AskTheMoneyCoach.com.

"7 Tips for Tackling Your Credit Card Debt, From Someone Who Paid Off $100,000 in 3 Years," by Elizabeth Gravier, CNBC, June 1, 2021.

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