Infinite Loops Jim O'Shaughnessy and Jamie Catherwood

Brian Feroldi is the author of the book “Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't”. His mission statement is “To Spread Financial Wellness”, and he does exactly that in this episode of Infinite Loops!

You can connect with Brian on Twitter at https://twitter.com/BrianFeroldi and get his book from Amazon at https://www.amazon.com/Why-Does-Stock-Market-Everything/dp/1735066168/

Show Notes:

Brian’s first exposure to the stock market
The power of mission statements
Personal finances over investments
Paying off your mortgage early
Finding high-quality companies
(Business) Momentum investing
Brian’s Investment Checklist
Importance of narratives in investments strategies
99% of great investing is doing nothing
On being wrong, and learning from mistakes
DCA’ing into index funds
Capitalism is brutal
Knowing Tom Engle
Books Mentioned:

Why Does The Stock Market Go Up?; by Brian Feroldi
The Tao Jones Averages; Bennett W. Goodspeed
How To Retire Rich; by Jim O'Shaughnessy
The Intelligent Investor; by Benjamin Graham
The Psychology of Money; Morgan Housel
Just Keep Buying; Nick Maggiulli

Tracy Alloway is the co-host of the Odd Lots podcast and a managing editor at Bloomberg Markets. You can follow Tracy on Twitter at https://twitter.com/tracyalloway and listen to her podcast here: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH

Show Notes:

Financial crisis hindsight
Being obsessed with risk and systemic stability
Historical parallels to the crisis of ‘08
Macro vs. micro bullshitting
Why people refuse to say “I don't know”
Victorian chicken bubble
Tales of forensic accounting
NFTs being used to launder money?
NFTs’ path to success
Insights from collapse of previous civilizations
Understanding the Human OS
Fair Wages for Robots
Praise for Citi’s Matt King and Credit Suisse’s Zoltan Pozsar

Nick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.”

In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book!

You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/

Show Notes:

Coming up with title of the book
The save-invest continuum
Is buying a house a good investment?
Debt: Good or bad?
On being shaped by our experiences
One path the wealth creation?
2020 vs 2021 as an investment year
Handling emotions during a bear market
Importance of diversification
The ideal asset allocation
The Great Reshuffle
The argument against stock picking
Negative yield bonds
Lump sum vs. DCA
Index investors or momentum investors
Life as a growth, and value stock
Books Mentioned:

Just Keep Buying; by Nick Magguilli
Security Analysis; Benjamin Graham
The Intelligent Investor; Benjamin Graham
Influence; by Robert Cialdini

William Green is a journalist and author of the book “RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life.” — a book that draws on hundreds of hours of interviews with many of the world’s super-investors to demonstrate that key insights for building wealth apply to life as well.

You can follow William on Twitter https://twitter.com/williamgreen72 and get his book at https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856

Show Notes:

From Journalism to Investing
Obsessiveness required to play and win a game
Behavioral biases
Role of patience in investing
Stoicism, and dealing with uncertainty
Reading authors like Henry James
Saying YES to serendipity
Being present in the moment
Delaying gratification
“When I fall, I shall rise”
Getting out of your own way
Staying away from the games that don't suit you
How body posture can affect you psychologically
Giving pleasure to your creator
Not knowing the truth
Books Mentioned:

Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and in Life; by William Green
Happy: Why More Or Less Everything is Absolutely Fine; by Derren Brown

As Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads.

You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/

Show Notes:

Curating aggressively
Is there a long term plan?
Reasoning from the first principles
Volatility tax
Do markets have a memory?
Financial Independence, Retire Early (FIRE)
Mental models for investing
Premeditating
Jim’s GIF game
Is it a Lindy or a turkey?
The ‘Money Concepts’ show
Benefits and pitfalls of leverage
What’s next for the 10-K diver?
Books Mentioned:

Reminiscences of a Stock Operator; by Edwin Lefèvre
Happy; by Derren Brown

Morgan Housel comes back for his second episode and Infinite Loops’ 100th episode! Morgan is a financial writer and author of the bestselling book “Psychology of Money” — having sold more than a million copies worldwide!

You can follow Morgan on Twitter at https://twitter.com/morganhousel, and read his blog at https://www.collaborativefund.com/blog/

Show Notes:

Morgan’s role at Collaborative Fund
Marketing that isn’t “forced”
Good product is good marketing
When perception becomes reality
Feedback to Morgan’s book
The power of stories
Understanding finance vs. Experiencing it
Writing is thinking
Not a great age for middlemen
Promises of crypto
Should volatility be considered as risk?
Morgan’s next book
Disconnect between the ideal and the practical
Change in Morgan’s life after his book’s success
Happiness is not about money
Raising children into great adults
Interviews should be conversations, not interrogations
On luck and humility
Books Mentioned:

Psychology of Money; by Morgan Housel