A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

Podcast #129 — Are Middle-Class Investors Too Dumb to Invest Effectively?

by

I’ve posted Podcast #129 to the “RobCasts” section of the site. it’s called Are Middle-Class Investors Too Dumb to Invest Effectively?

The “experts” insult us with this explanation for their promotion of the Passive Investing model. Yes, we’re highly emotional about our investing choices today. That’s because our heads are filled with the Passive Investing gibberish and we are not able to develop any confidence that our strategies are going to work out long-term as a result. Their suggestion that we are “dumb” is a case of Blaming the Victim. We’re not dumb. We’re confused (and largely because the investing advice they have been pushing for three decades now doesn’t add up).

Podcast #126 — When Government Spending Can Solve a Problem and When It Cannot

by

I’ve added Podcast #126 to the “RobCasts” section of the site. It’s called When Government Spending Can Solve a Problem and When It Cannot.

We cannot buy our way our of this economic crisis. It’s the result of a loss of trust in the stock market. We need to do the sorts of things that help people regain a lost trust.

Spending money doesn’t do it.

Podcast #121 — Integrity Matters

by

I’ve posted Podcast #121 to the “RobCasts” section of the site. It’s called Integrity Matters.

Valuations matter. Overvaluation and undervaluation wouldn’t be possible if stocks weren’t owned by people and if people did not possess emotions. So another way of saying the same thing is to say that emotions matter. Challenges to our integrity inspire emotional reactions in most of us. Criticisms of the Passive Investing model are often viewed by Passive Investing advocates as challenges to their integrity. The defensiveness that results makes discussions of the flaws of Passive Investing highly emotional. Integrity matters.

Podcast #120 — We Cannot Have Free Markets Without Free Speech

by

I’ve posted Podcast #120 to the “RobCasts” section of the site. It’s called We Cannot Have Free Markets Without Free Speech.

The two go together. When we permit people to talk openly about what works and what does not work in investing, they become better investors. When people become better-informed investors, the market prices stocks more effectively and more fairly and more reasonably.