Видео

The criticism that investing was only for the rich before the 1950’s doesn’t really make sense to me either. An example is president Herbert Hoover. He encouraged the population during the 1920’s to participate actively in economic growth as much as possible and, above all, to invest in shares ("A small amount every month", was his advice). I’m sure that he had quite an audience that approved that message

We demand the picture of kids yard of Ben property

This is some of the dumbest shit I’ve ever heard. “I broke my first marriage, but it was worth it?” That is not a edgy take that is just flat out dumb. He is so in love with himself. And desperately wants you to know how great he is. I had no idea who he was, and after this looked him up. He does marketing. What a joke.

In their pitches, they talk about how it’s uncorrelated to public markets…well yeah if you don’t allow your clients to sell, of course it’s going to look uncorrelated.

Howard Marks got paid handsomely by Brookfield

Every time Scott Galloway mentioned Ben’s age. I couldn’t help but chuckle. 🤭 The best part was Ben bringing it up and asking Scott to guess his age. I guessed 34 i was close it’s 36.

The guys are making the common mistake of lumping all private credit together. There are big firms like Apollo and Blue Owl that are generating investment-grade credit. The CEO of Blue Owl specifically describes themselves as a lender of first choice, not a lender of last resort. You can look at some of the companies they work with to see this. There are benefits to a company doing a private credit deal as opposed to doing a public listing and are willing to pay a premium for this. I'm not sure that the investor receives this premium, but I just wanted to push back on the idea that all private credit is inherently more risky than public credit.

Jeez, it’s painful to sit back and listen to this buffoon do all the talking with people as knowledgeable as the hosts in the meeting. I know they don’t generally challenge the guests directly on their views or opinions but this really merited it. Vague nonsense paraded about as authoritative financial advice AND a whole bunch of semi misogynistic rhetoric to boot. Seems like they wanted to branch out a little but you can’t just sit back and let your guest broadly label women as “mates” several times like some sort of weird incel with no commentary, it’s nice in theory to be completely neutral but in practice they’re platforming and endorsing this guy. This episode gets a big thumbs down from me.

Totally agree with meeting in BC, so I can join.

Content is great, but the relaxed tone somehow reminds me of SNL's Delicious Dish.

It would be great to have a slide or a tldr with the conclusions of the episodes

how do I learn more about that RESP bit by mark?

Great listen as always. Keep up the great work, and... er, grate yards. ;-)

Use infinite banking to invest in private credit.

🤮🤮🤮

if the team is half as knowledgeable as you guys, it must be an amazing firm. Shame i don't live in Canada.

What´s that background noise? :(

Great content, as always guys! It's always refreshing to hear about less common, illiquid, asset classes that are pitched with more upside than there may be. And it's nice to see some SCV premiums! I lucked out and started investing with the RR 5 factor portfolio in 2021, which I probably never would have without your guys' content. Huge thank you for all the work you've been doing to educate individuals about investing.

Link in description leads to spam emails every other day from Wade.

Has there been a way to invest in global small cap value?

Yet, at what amount of capital does someone consider themselves to no longer be poor?

Love all you guys and your individual and combined efforts to help people understand the complexity of the issues. My question is do these suggestions on spending apply to someone who only has 1.4 million and not 3,5, or 10 million in their accounts, and has a 30 year horizon. It seems that spending more dynamically especially in the current higher inflation, high s&p environments may be ill advised and not realized for 10 to 15 years down the road. Any thoughts on the Karsten Jeske CAPE based strategy to mitigate the high market? Or is that market timing? My favorite for many years is Ben Felix, his no nonsense almost Vulcan-like approach to data and research studies is so refreshing compared to some of the Dave Ramsey and Cramer TV personalities. Keep up the great work guys.

Ben Felix is like my Vulcan science officer aboard the USS Retirement Account.

Does this mean we throw out asset liability matching strategies that actuaries have used for decades to fund short medium and long term liabilities?

I have no Bitcoin, wish I bought some when I first heard about it ( like everyone else) on Tom Woods podcast. He mentioned Pay Pal, weren’t they involved in preventing Canadian truckers from getting donations sent to them? Thereby empowering a tyrannical Government. The Govt. Will always use the canard of fighting crime or terrorism to take away our freedoms. Now stand still while I scan your Iris, Citizen.

As others are pointing out, the techno-optimism that, "the software will eventually fix it," displays is staggering!

Great content, guys! I have a question. Ben mentions 'lifetime tax smoothing' when talking about mitigating tax risk (I didn't note the timestamp, unfortunately). I heard about it on another financial channel when discussing minimizing terminal tax bill, but I don't quite understand the reasoning behind it. Do you guys have a video about it 🙂 ? Or are there research papers or models that recommend it? Thank you!

I keep coming back and listening to this podcast. Great, practical, and informative.

Thank you so much for your summaries.

Although Ben seems largely against housing as an investment, I own a house (well, the bank owns 66% at present until I’ve paid it all off) but I think being able to sell my house in retirement, or at least borrowing against it, could allow me to get through tougher years in the market during retirement. Alternatively, since the house will be paid off before I’m retired, if things get REALLY tight I can rent it out to generate some cash flow and then rent a cheap small apartment for myself for the years I need any extra money.

I've heard criticism of passive investing a lot of times, but it never was any convincing. I'm not sure if I agree with everything said in the podcast, but it definitely made me think! Thanks for presenting such a strong and drastic criticism in a calm and factual way!

This is the best interview ever!!!

What is the annualized retur of investments that are in market over 20 years for lsi and dca?

Amazing show and great episode!!!

Galloway has no idea what wonderful teachers you both are, impacting more lives that he ever did. I found his attitude a little disgraceful, while yours was professional and full of modesty. I hope you don't invite him in your future podcasts, he is not worth it.

Its truly impressive how little people understand about income tax and how many temporarily embarrassed millionaires exist. Should you sell the duplex you bought ten years ago to save several hundred bucks only you can tell.

Yea. If you were in USA, I'd be a client.

"KISS" is (was) an acronym taught in computer programming classes. It stands for "keep it simple, stupid". It seems KISS is practiced by no taxing or legislative authority... anywhere, ever. Er, uh, so... nevermind.

I think there’s this “great man” mythos that so many people want to subscribe to, because it’s far more inspiring to see a single individual as a hero than to acknowledge that virtually every “great man” only got to where they did on the backs of countless unnamed supporters and employees. We want to see heroes so we can have hope that one day we might get to be heroes. But although the greatest tech, finance, or sociological ideas of all time may have come from singular visionary minds, they were developed, refined, and put into practice by many, many people.

Here is the problem for Canada, it seems all the citizen are so against paying tax but wants benefits. It’s crazy. As an immigrant, I am so grateful for what a great country and society Canada is. It’s my privilege to contribute since I won’t joining army & defending Canada in that front. How do people expect we can maintain a livable society if nobody wants to pay tax? Why should capital gain has such a special treatment? Income is income. ( I do have capital gain personally & paying high rate of income tax too).

I love it ❤

Most people's reaction "I don't understand it, but I know I'm angry about it" Ben's reaction "I'm going to model it"

my method: keep buying monthly/weekly or whenever money is available. look at the portfolio when it's going up and ignore it when it's going down. so simple and panic free... :-)

3rd time I'm watching this phenomenal interview... learned a lot have to say.

What a ridiculous and Kafkaesque system

Amazing podcast!

Interesting perspectives, but a little too condescending towards mr Felix in my opinion.

Perhaps I'm misunderstanding the problem, but wouldn't the solution (for the individual) to this be diversify away from the stock market? buy more real estate for example?

had to say I was smiling to myself when Scott was giving financial advice to Ben 😁 Interesting episode - I think Scott made some good points, and points that I dont quite agree with. It was a good listen.

Did he just say he worked so hard his marriage and family life collapsed and it was all worth it, and then shortly after state that he savors the time with his kids and current family? Seems contradictory.