The Best Interest Podcast Jesse Cramer

If a guy from Facebook messages you about whole life insurance more than your mom texts you, it's time to be suspicious. He may have more interest in your wallet than your well-being.
 
But not all insurance is bad. Insurance is meant to protect wealth, not create it, and anyone who’s crashed their car or broken their clavicle knows this to be true. 
 
So, what insurance is right for you? Jesse breaks down the types of personal insurance that can help protect your assets, your health and your loved ones. Oh, and he also throws shade at that guy from Facebook trying to sell you on whole life insurance. Spoiler alert: more often than not, whole life insurance isn’t optimal for you.
 
But Jesse’s no expert on insurance, so he brings in Broc Buckles, owner of BC Brokerage, a fee-only insurance brokerage focused on making insurance simple. Broc walks us through what kind of insurance a 25-45 year old might benefit from, what insurance is overkill, and the difference between whole life vs term life insurance. 
 
Follow Brock:
Website: https://www.bc-brokerage.com/
Email: Broc@bc-brokerage.com
 
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Bank runs, collapses, and bailouts. Anyone else getting GFC PTSD? The Silicon Valley Bank collapse is the largest bank collapse since the 2008 Great Financial Crisis,, and the second largest U.S. bank collapse ever. So, why did it happen? Will this spark a larger contagion throughout the banking sector and the U.S. economy, and should everyday savers be concerned?
 
Jesse breaks down the larger infrastructure of the banking industry, what specific mechanics led to the failure of Silicon Valley Bank, and what might come of it in the near future.
 
Mentions:
Blog: https://bestinterest.blog/silicon-valley-bank-101/
It’s a Wonderful Life Bank Run: https://www.youtube.com/watch?v=iPkJH6BT7dM&t=5s
Why Warren Buffett Said No to Lehman and AIG in 2008 WSJ: https://www.youtube.com/watch?v=1QeUcfqkUzc
 
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.
 

So what did Warren Buffett mean by silver tongued demagogues and slaying dragons? Jesse sits down with Rob Bradley, a fellow Berkshire Hathaway shareholder and CFP in Rochester, NY, to discuss the wealth of knowledge behind Berkshire Hathaway’s latest annual letter to shareholders. 
 
Buffett is widely regarded as one of the greatest investors of all time and his investing style has been studied and emulated by many investors over the years. Rob breaks down how Berkshire Hathaway has outperformed the S&P, invested in Apple as an indispensable consumer product, and poised itself to take advantage of domestic businesses based on their intrinsic value.
 
Quotes:
"Charlie and I are not stock pickers. We are business pickers."
"When you are told that all repurchases are harmful to shareholders or to the country or particularly beneficial to CEOs. You are listening to either an economic illiterate or a silver tongued demagogue, characters that are not mutually exclusive." 
"Successful investing takes time, discipline and patience. No matter how great the effort, some things just take time. You can't produce a baby in 1 month by getting 9 women pregnant.”
“Bitcoin was probably rat poison squared.”
"Interest rates are to financial instruments as gravity is to matter." 
 
Mentions:
Becky Quick, of CNBC will review questions that shareholders have submitted by e-mail and select those she believes will have the widest interest. Questions can be submitted to Becky at berkshirequestions@cnbc.com.
 
Berkshire Hathaway Annual Letter: https://www.berkshirehathaway.com/letters/2022ltr.pdf
 
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Truth be told, personal finance is simple. There’s only a small number of foundational rules and a sprinkle of middle school math involved. 
 
But our natural human short-comings make personal finance difficult to enact. So, how can we overcome the biases and behaviors that prevent us from successfully achieving our financial goals? 
 
Jesse simplifies personal finance into three basic rules: spend less than you earn, save or invest the difference, and create safety nets. It’s great to have a foundation, however, we all know the devil’s in the details, so Jesse shares analogies regarding The Leaning Tower of Pisa, a former NFL player who grew up in poverty, and Warren Buffet to illustrate the nuance of his three rules.
 
Mentions:
“The Easiest Money That Investors Ignore”
https://bestinterest.blog/easiest-money-investors-ignore/
“Isn’t Personal Finance Pretty Simple?!”
https://bestinterest.blog/simple/
“The Golden Rule of Personal Finance”
https://bestinterest.blog/golden-rule/
 
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.
 

While the idea of living in a meritocracy is desirable, as it rewards those who do better, is it prevalent in today’s society? 
 
With 25% of American households making less than $30,000 a year, do billionaires really offer 200,000 times the merit than them? At what age do we start to blame the poor kid, a victim of bad luck his entire life, for his poor circumstances? Is anyone really self-made? Or does everything unfold by mere chance?
 
I invite Sam Dogen, The Financial Samurai, to discuss the role merit plays in the real world and how you can position yourself to achieve success.
 
Mentions:
Jeff Bezos and the Meritocracy Kings: https://bestinterest.blog/meritocracy/
Learn About The Financial Samurai: https://www.financialsamurai.com/about/
How to Survive the War on Merit: https://www.financialsamurai.com/how-to-survive-the-war-on-merit/
Buy This, Not That on Amazon: https://amzn.to/3Wz1G3L
 
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

2022 was a unique year for investors. Let’s compare last year’s bond and stock performances with historical trends to paint a bigger picture. Looking ahead to 2023 and beyond, there are reasons to be optimistic. 
 
Next, underneath all the snow, there’s a cold lesson that came from the unexpected events of the Buffalo blizzard. Hear Jesse’s firsthand account and the important lesson learned. 
 
And finally, Jesse shares 9 scientific tips to help you achieve your New Year's Resolutions, especially financial resolutions.
 
Mentions:
 
https://bestinterest.blog/2022-is-a-uniquely-bad-investing-year/
 
https://bestinterest.blog/making-2022-feel-much-better/
 
https://bestinterest.blog/9-scientific-facts-to-improve-your-finances/
https://fs.blog/everything-you-need-to-know-about-habits-the-science-of-habit-formation-and-change/
https://www.youtube.com/watch?v=Wcs2PFz5q6g&feature=emb_title
 
https://bestinterest.blog/buffalo-blizzard/
https://www.youtube.com/watch?v=ghYUuzhxDfs&feature=emb_title



More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
 
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.