Errol Morris: Tuning Out the Noise | Rational Reminder 286

Meet with PWL Capital: calendly.com/d/3vm-t2j-h3p
In today’s episode, Errol Morris, Academy Award-winning film director and author, joins us to
talk about his recently released documentary called Tune Out the Noise. The documentary
focuses on the revolution that's happened in the financial system, how the markets work, and
why the advancements made are so vital. Errol is an acclaimed figure in film and literature,
boasting an impressive array of accolades, notably securing an Oscar for his renowned
documentary The Fog of War. His work spans various arenas, encompassing short films for
prestigious events and many charitable and political organizations. In our conversation, we
delve into the significance of storytelling in communicating complex subjects, the power of
serendipity, the evolution of finance, and the enigmatic nature of truth. We discuss the
necessity of storytelling, the unexpected occurrences that influenced finance, the importance
of empirical data in understanding truth, the central story of Tune Out the Noise, and much
more. He also provides insights into the amazing economists, many of whom are past guests,
who helped shape the financial landscape. Discover how chance, humility, and the pursuit of
truth intertwine in this captivating episode, where the intriguing art of storytelling converges
with the complexities of the financial world. Tune in now!
Rational Reminder listeners get exclusive first access to Tune Out the Noise, a documentary directed by Academy Award-winner Errol Morris until January 31.
Tune Out The Noise Access URL: film.dimensional.com/podcast
Access Code (available until Jan 31): RATIONAL
Timestamps:
0:00:00 Intro
0:05:54 Errol is a fan of Rational Reminder
0:08:23 Errol describes the story he tells with his film Tune Out the Noise
0:12:04 The importance of the story to the average person
0:16:32 Key points in Errol's research where his views began to change
0:21:52 How Errol decided to make the film an "Errol Morris" film, rather than a commercial one
0:29:31 Whether or not Errol has skepticism when he hears that there is data suggesting that people can't beat the market
0:33:46 If there are other people not included in the film that are important to the story
0:42:31 What surprised Errol about the story once he fully understood it
0:49:46 The aspects of the story that are underappreciated by the end investors who benefit from it
0:55:20 How telling a story like this differs from stories like The Thin Blue Line or The Fog of War
1:04:29 How many interviews Errol has conducted over his career
1:08:42 What determines a "good" interview
1:11:37 How people can become better storytellers
1:12:54 Errol defines success in his life
Links From Today’s Episode:
Errol Morris - errolmorris.com
Errol Morris Email - [e-mail]
Tune Out the Noise - www.austinfilm.org/films/test...
The Fog of War - www.imdb.com/title/tt0317910/
The Thin Blue Line - www.imdb.com/title/tt0096257/
Believing Is Seeing - www.amazon.com/Believing-Seei...
Photography/dp/1594203016/
A Wilderness of Error - www.amazon.com/Wilderness-Err...
dp/B009GKGSEC/
Gates of Heaven - www.imdb.com/title/tt0077598
Dimensional Fund Advisors - www.dimensional.com/
The Art of Controversy - www.amazon.com/Art-Controvers...
160459571X
The Pigeon Tunnel - www.imdb.com/title/tt28486633/
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t...
podcast/id1426530582.
Rational Reminder Website - rationalreminder.ca/
Rational Reminder on Instagram - / rationalreminder
Rational Reminder on X - / rationalremind
Rational Reminder on KZbin - / channel
Rational Reminder Email - [e-mail]
Benjamin Felix - www.pwlcapital.com/author/ben...
Benjamin on X - / benjaminwfelix
Benjamin on LinkedIn - / benjaminwfelix
Cameron Passmore - www.pwlcapital.com/profile/ca...
Cameron on X - / cameronpassmore
Cameron on LinkedIn - / cameronpassmore

[@rationalreminder]

Rational Reminder listeners get exclusive first access to Tune Out the Noise, a documentary directed by Academy Award-winner Errol Morris until January 31. Tune Out The Noise Access URL: film.dimensional.com/podcast Access Code (available until Jan 31): RATIONAL

[@luisluiscunha]

Thank you so much! For this, and all the work you do.

[@rui569]

Thank you! Much appreciated.

[@haroldspanier9185]

Wonderful! Thanks!

[@clairedavies4775]

Two weeks too late 🙈

[@Bobventk]

I understand being shocked that famous ppl listen to your podcast but i don’t think you realize how damn good it is lol.

[@gmh953]

Yes. This is the best show on the Internet.

[@jimbojimbo6873]

Relax Sam Sulek >

[@davidfolts5893]

Some of the sharpest financial commentary anywhere.Thanks, gents!

[@ld5714]

A truly outstanding episode!! Errol is a fascinating and insightful individual!!

[@mgguzmanb]

So much wisdom - thank you for letting him speak. A joy to listen and appreciate his passion.

[@haroldspanier9185]

Simply astonishing! Thank you for this podcast.

[@AvocadoSmurf]

What a great episode! Thanks guys! (=

[@BolleDuc]

Despite it being a promotional piece for Dimensional, I enjoyed the stories. Thank you for the link. Are you guys making a play to be Dimensional in Canada!?! 😉

[@victors8718]

I don't understand how these podcasts are so high quality, with great guest, and still get relatively few views, at least on KZbin

[@krishvenkataraman924]

I had the exact same question. My theory is mainstream YT audience look for a quick byte, not a three-course meal. I enjoy it. Ben & Cameron, well done!

[@thesorrow312]

Happy New Year to all of the gas station sushi crew ⛽️ 🍣

[@CatChristine]

The link expired, is there any other place I can watch the documentary?

[@DavidSmith-ng1dq]

These Interviewers' have personalities of a rock. Errol Morris was great, informative and carried the day.

[@rationalreminder]

I’m going to choose to take that as a compliment. -Ben

[@produktas]

Where person can see the movie?

[@Lamyarus]

Its in the description of the video.

[@produktas]

@@Lamyarus thanks :D missed one with the code

[@salazarbernardo]

Where can I watch this movie please!

[@thomas6502]

Great discussion. 6502 (the Apple 2 CPU) was my (and many others) introduction to computers... and Woz is still my hero between the Steves, but my appreciation for Jobs has grown working with marketing and product creatives (and the tension that can improve the output). Gaining exposure to AAPL++ through a total passive market fund for my future self is another dimension; an uber meta one even. 🙂 Keep up the fantastic work folks and a big thank you to all involved in this/these production(s).

[@traumateaminternational4732]

Not directly relevant to the video, but something that you may find to be particularly interesting. A study from the Journal of Finance, "Selling fast and buying slow" argues that active management underperforms primarily on account of poor selling decisions. In some cases, selling choices by active managers underperform random selling strategies. By contrast, their buying choices do appear to have the ability to generate Alpha, albeit this advantage is more then negated by poor selling strategies.

[@rationalreminder]

Looks like an interesting paper. Thanks. -Ben

[@jeezrick2748]

This dude sounds like the “inconceivable” guy from the movie the Princess Bride. Great guest though

[@ryanm7171]

I feel bad for Errol if he really thought and told all his family and friends that he was going to be in Episode 284, and then ended getting bumped out for Scott Cederberg instead.

[@muffemod]

Sorry but this guest sucked.