How I Invest My Money - Carl Richards + Josh Brown

Carl Richards is the best known illustrator and one of the most sought after expert speakers in finance. You've probably seen his sketches in the New York Times or on his blog, The Behavior Gap. Carl talks to Josh Brown about the process by which he created 25 new custom illustrations to match each chapter in the new book "How I Invest My Money", which comes out on November 17th!
You can grab your copy of Josh's new book here:
amzn.to/37tqYuk
And be sure to check out Carl's blog here:
behaviorgap.com/
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[@diogopimenta4734]

Loved Blair's answer and how Carl so elegantly summed it it. Really looking forward to reading the book, Josh! Please, keep up the awesome work. Love the show!

[@markusmuhs]

Every time I hear a British or northeast American person say "drawrings" I think of Mike Myers' Simon character from SNL. :P

[@josephperri5801]

Just pre-ordered. Looking forward to reading the stories and looking at the sketches.

[@QuinnanScott]

Josh brown is a great voice of reason. Josh and Tom Lee are the best on tv. Great content thanks!

[@mikebrowne3838]

Just subscribed to Carl’s newsletter. Thanks for being the voice of reason Josh

[@TheCompoundNews]

Thanks, Mike!

[@BB-pe9fe]

Good Show. Good discussion. Like the preview and insight on the different writers on the book. Love the personal stuff on the contributors. Good stuff. Makes sense to me. Thanks.

[@TheCompoundNews]

Glad you enjoyed it!

[@gassman55]

There is a great song written a long time ago called “Enjoy Yourself”. The lyrics address exactly what they are talking about for those who can’t enjoy their money. “You're gonna take that ocean trip, no matter, come what may You've got your reservations made, but you just can't get away Next year for sure, you'll see the world, you'll really get around But how far can you travel when you're six feet underground?” I know Todd Snider does a great version of this song.

[@jeffgoldsmith1679]

Great insightful sketches! Boy, I love the concept for the book, is it out yet? I’ll buy this. Congrats Josh and to your partner as well.

[@TheCompoundNews]

Thanks, it's out Nov 17!

[@tiredoworking9350]

Looking forward to the book. Thanks for another enlightening vid.

[@TheCompoundNews]

Glad you enjoyed it, thanks for watching!

[@michaelkennedy4646]

Truly awesome stuff.

[@outlawtakeover]

Great gem of episode. Now I want to read the book!!

[@TheCompoundNews]

I think you'll like it, it's a fun book!

[@homesmartmortgagecorp9857]

Awesome work Josh, I just pre-ordered on Amazon.

[@TheCompoundNews]

Awesome! Thank you!

[@kyaghleah]

A good chat fellas! I find it funny because I have been the opposite of many people you mention. I've celebrated and traveled a bunch and been creative....but I relate to the theme of finding balance. A lot of contentment comes from spending time with nature and contributing.

[@youKnowWho3311]

Looking forward to this one. Balance is key. I am finding that maybe I don't need 10+ million to retire. But I am also not delusional enough to run the FIRE models. My brain wont let me live that close to the edge.

[@my0.02cents]

i loved this episode and convo.

[@robbyrayrab]

good talk

[@MariaAndersenCrypto]

Interesting is my favorite thing 💸😁

[@stinkypennies]

Why no audible book??

[@snakeonia7542]

Imagine waiting 100 years and the balsamic batch was no good 😞

[@TheCompoundNews]

That would be depressing.

[@pillsberrydopeboy851]

I like this! Don’t you think that the people that were gonna make a difference we’re gonna innovate and make a difference regardless? Tbh compared to the big population of people, the ones that actually lead and make something anyways

[@dwadholm1]

The balancing the present and the future is the one that resonates with me. People always say "I want to be RICH!" But they really mean I want to be able to spend money now vs I want to become wealthy long term.

[@mikealman]

How come the book costs $19.54 on kindle and $17.99 in paperback. How can a cyber download cost more than a printing logistic chain? Crazy

[@TheCompoundNews]

Haha, no idea how Amazon arrives at that pricing.

[@richramsey4335]

Josh, can't wait to read the book. Can you get Jack Schwager on for his new Market Wizards book? Keep it up.

[@louisvuittondonvg9040]

i love it

[@Essa823]

What a guy Josh Brown love you man

[@DanaMenard612]

Keep up the great work, Josh and Carl! Many great takeaways.

[@walnutinvesting689]

When anaylist from the motley fool and seeking alpha write articles, do these authors actually know what they're talking about or just opinionated speculation?

[@ankhgoel]

My retired dad has only 1 goal - maximize returns. No matter how much I try to get him to spend his nest egg, his goal is to die with the highest possible net worth possible, and refuses to diversify away from 100% equities. I don't know how you guys deal with so many various clients.

[@abbottmd]

my grandfather died a few months ago. I heard for years how much he was going to leave us grandkids. When i got the annuity payout, looks like he tripled the money since around 1980 in some terrible returning annuity, of which a third got taken by tax. It was about two and a half months worth of my income. It meant a lot for him to save it, but seems like a waste to have been that cheap for his whole life just for that. I bet his advisor and company made as made as he did on that arrangement, just a hunch.

[@TheArmoTrader]

If he has enough income (now and to last him), does it ultimately matter if his portfolio takes a 12% swing down or a 21% swing down (this is assuming he is disciplined and wont sell) if the market pulls back? I definitely hear your concern, but if that's what he cares about the most, why stop him? It's a philosophical question more so than a economical one.

[@kurt9983]

I've been 95% equities my entire life. I plan to be that way until I die because that is how you get the most bang for your buck. Everything else is a diversion to getting rich.

[@ankhgoel]

@@abbottmd Yes, my dad did have bad annuities through the 90's. But I was able to get him out of those contracts and into standard funds. Really, for him is that he's seen his family bitten by downturns when he was young and that generational wealth is its own reward.

[@RonaldCJones]

Thanks Josh and Carl. Preordered the book. Love the work done by both of you.

[@TheCompoundNews]

Thank you Ron! Very much appreciated I hope you love it - JB

[@cliffbriggs9847]

Fascinating how each of the contributors bring their uniqueness to the table. That may be a good reminder to the rest of us. May we all be inspired to make our own unique contributions to our clients and the industry. Josh & Carl did a great job of wanting us to pick up a copy of this book. Thanks guys.

[@abbottmd]

i pre-ordered too. great interview and looking forward to the consolidated summaries. Sounds like a lot of distilled knowledge to benefit from.

[@TheCompoundNews]

Thanks for the support, Brian!

[@AimHigh44]

I love this video and cannot wait for the book!

[@danfriedman1267]

Super nice -- I look forward to reading the book.

[@TheCompoundNews]

Hope you enjoy it!

[@roger7485]

Preordered the book. Seems like a cool chance to get a collection of investing and life lessons from a ton of different perspectives in one place.

[@drewmartinez4453]

Joshs humor gets me every time 😂

[@Billy_W]

Why don’t Josh and Michael ever say what holdings they have personally?

[@TheCompoundNews]

They talk about holdings regularly.

[@cy9150]

i am buying the book

[@arnoldguttman5845]

I enjoy listening to Josh but I didn't like this particular podcast so much. As an investor I really do not ask the questions of goals and returns so much. Those are philosophical questions for wealth managers and economists. I look at my portfolio as a business similar to running a restaurant or a barber shop. I buy securities similarly to buying a car or a house and in this case buying a business through the vehicle of a stock. I like to buy good companies at low prices, good deals. As an owner of a company I expect to be paid so dividends are important to me. I do not trade very much and I do not subscribe to selling at a higher price, the greater fool method.

[@kurt9983]

I have been 95% equities, 5% cash my entire life. I will be until the day I die. Anything else is a diversion from getting rich.

[@johnjr2641]

Been permanently laid off since March but when the phone rings and the offer comes through, that's my first treat to myself will be your book