An excellent guest. Ten minutes into the video, I paused it, went to Amazon, and bought his book.
@serialcycleur37473 жыл бұрын
Maybe the most intelligent vidéo about personal finance i ve watched for a long time. Great
@luanjot13 жыл бұрын
Hi. Unfortunately, I spent years without looking for this type of content in youtube because I always ended up either on weird channels about investing in cannabis delivered in teslas or on news channels. I am not interested in any of those. I am interested in illuminating interviews like this one (already bought the book btw). I just recently discovered Benjamin's channel and this podcast and I really feel the need to say WELL DONE! Thanks. That is all. Cheers.
@TheSteinbitt2 жыл бұрын
Yes, this really is the light in a sea of darkness regarding finance KZbin. Got here via the plain bagel and Patrick Boyle who also are quite good but not enough of the really deep stuff:)
@BcDano1393 жыл бұрын
Big big fan of Morgan's! Great writing style with straightforward advice/insight. Thanks for having him on.
@pnkrckmom3 жыл бұрын
"A man is wealthy in proportion to what he can do without."
@oludayoopanuga63083 ай бұрын
I honestly admire your sense of humour around the point of being financially independent. I will surely be getting your book.
@pierluigiparente45453 жыл бұрын
Probably one of the best interviews on this topic I have ever watched.
@daveschmarder-19503 жыл бұрын
Another good one, guys. Listening to Mr. Housel speak reminded me of myself. I've always held a fair amount of cash, compared to others. A couple months ago, I formally took this cash out of my settlement account and put it in a savings account at the credit union. That way, it put friction in case I wanted to invest my safe money. Last March, I saw the value of my investments go down more than the assessed value of my (cheap) house, IN ONE DAY. What did I do about it? Nothing really. I had my plan. That was to sell positions that showed tax losses and buy other investments. I won't say that I was quite so fast on the buys, but I had most of it done by early April. I'm an older guy and I've seen this in 1987, 1992 (or so), 1998, 2000-2002, 2008 and now 2020. By this time, I realized that I should just do nothing, but just sit there. (credit: Jack Bogle)
@DrRenatoSilva Жыл бұрын
Well done! Amazing episode and such a clear thinking and message by Morgan! Great job guys
@dhruvdnar Жыл бұрын
He was right....2021...GME 🦍 💎 🙌
@rumpelr3 жыл бұрын
I am definitely going to read his book! Great episode.
@AnhNguyen-bi6vg2 жыл бұрын
I watched this a year ago and watched again and found insights that when understand and apply will improve my well being, the concept of enough, invest like an optimist and save like a pessimist. Fantastic episode! Thank you
@SteveAgbaneje3 жыл бұрын
This video just helped me change my view on life.... thank you very much
@alexfv57913 жыл бұрын
Really appreciate the nuance you bring to topics I thought I had already explored thoroughly. Thanks!
@og79523 жыл бұрын
Really like Morgan's opinion and energy. Awesome interview, was hooked from few seconds in
@hillo77403 жыл бұрын
Amazing conversation guys, this podcast will compound in value over time just you wait.
@JosiahTaschuk3 жыл бұрын
Fantastic content as always. Very glad to have found content creators like yourselves. The fact you are focused on canadian finances is a bonus.
@seanobrien77513 жыл бұрын
great guest thank you!
@duramajin31183 жыл бұрын
I feel like with the topic of leverage we seem to be talking in extremes. Either no debt, or people going 10x leverage with margin calls. There are other ways to leverage, without margin calls and without 'swinging for the fences' . There is a middle ground between those two points.
@Forseti62883 жыл бұрын
I created a spreadsheet that models this. I found that having a low leverage ratio, around 20% is very effective when you never adjust the ratio downward. This avoids having to sell at a loss and since the initial ratio is so low, a margin call is also unlikely. When the underlying investments go up, you can increase the leverage back go 20% but never decrease. It's really effective because it's safer and reduces the drag from selling at a loss that is required from most leverage strategies.
@Forseti62883 жыл бұрын
Also, it depends on the underlying investments, but using the S&P500 and 20% leverage ratio, assuming your Margin Requirement is 50%, you would have gotten a margin call only during the great depression, and you still would have ended up ahead after a 30 year period.
@adnanwaheed41483 жыл бұрын
Appreciate you guys keeping the length under an hour.
@juancarlosalvarez75612 жыл бұрын
I love this book!
@Woj_Poznanski3 жыл бұрын
Great interview. I love his way of reasoning. Just bought 2 of his books. :)
@SanFranSicko8 ай бұрын
a little late, but this was a fantastic episode!
@pnkrckmom3 жыл бұрын
Amazing interview!
@rjbamford13 жыл бұрын
Great interview.
@og79523 жыл бұрын
Just wondering, is Ben wearing the Royal blue hoodie ? Colors don't show up in you shop, just wanted to make sure.
@rationalreminder3 жыл бұрын
That is the royal blue hoodie!
@RebeccaEvans3 жыл бұрын
Appreciated
@prasendiprasendi30743 жыл бұрын
Menit ke 12 tentang pandangan Morgan mengenai debt sebagai leverage
@prasendiprasendi30743 жыл бұрын
Menit 10 tentang endurance dengan menyimpan uang cash dan tidak punya hutang
@thao61123 жыл бұрын
Live and invest reasonably rational.
@Opochtli2 жыл бұрын
Subbed!
@Shadow19863 жыл бұрын
Great podcast but FYI , Taleb does not consider COVID a black swan event. It was predictable and talked about in reports from years ago suggesting risk of global pandemics due to lack of preventative measures
@a.j.46443 жыл бұрын
There is a great difference between a "bad" decision and one that is merely "suboptimal." Paying off one's mortgage means that the savings in interest (given today's ultra-low rates) are less than what the money could have made while invested in today's bull market. So it is suboptimal, but owning a domecile, which everyone needs to have, and owning it outright and having less debt is not a bad decision.