"If something is profitable, it will be done," says Martin Wolf of the Financial Times. We explore how profits will drive the energy transition and how and where water from the Colorado River is used.Topics covered include:How profits have led to higher energy market share for natural gas and renewal energyWhat is hindering a faster transition to renewablesWhat is contributing to a water shortage in the southwestern U.S,. and how will it be resolvedWhy big infrastructure projects often aren't the best solution to solve a problemWhy some regulation is helpfulShow NotesThe market can deliver the green transition by Martin Wolf—The Financial TimesWhere the Water Goes: Life and Death Along the Colorado River by David Owen—Penguin Random HouseEconomics may take us to net zero all on its own by John Burn-Murdoch—The Financial TimesThe Gregor Letter by Gregor Macdonald—SubstackThe Inflation Reduction Act: Here's what's in it—McKinsey & CompanyManagement of the Colorado River: Water Allocations, Drought, and the Federal Role by Charles V. Stern and Pervaze A. Sheikh—Congressional Research ServiceThe Supreme Court wrestles with questions over the Navajo Nation's water rights by Becky Sullivan—NPRAs the Colorado River Shrinks, Washington Prepares to Spread the Pain by Christopher Flavelle—The New York TimesCan Western States Agree on the Future of the Colorado River? by Matt Vasilogambros—PewA matter of priorities by DeEtte Person—Know Your Water NewsAverage monthly water prices in the United States as of July 2022, by selected state—StatistaElection to Designate AMA for the Douglas Basin—Arizona Department of Water ResourcesArizona Is in a Race to the Bottom of Its Water Wells, With Saudi Arabia’s Help by Natalie Koch—The New York TimesArizona gets serious about piping water from Mexico in nonbinding desalination resolution by Brandon Loomis—AZ CentralSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How Profits Motivate Change

What caused Silicon Valley Bank to collapse in only 44 hours, and how likely will the contagion spread, leading to other bank failures?Topics covered include:How losses on bonds blew up SVB's balance sheetHow is Silicon Valley Bank similar and different than other regional banksWhat the FDIC and Federal Reserve are trying do to restore confidence and stop bank runsHow a weakening of the Frank-Dodd bank regulation act set the stage for SVB's failureWhy bailing out uninsured depositors is controversialThree scenarios of what might happen nextActions we can take to protect ourselves when private money failsFor more information on this episode click here.SponsorsMasterworks – invest in contemporary artMoney for the Rest of Us Plus membershipShow NotesSilicon Valley Bank launches $2.25bn share sale to shore up capital base by Joshua Franklin and Antoine Gara—The Financial TimesUS Bank Capital Regulation: History and Changes Since the Financial Crisis by John Walter—Economic QuarterlySVB's 44-Hour Collapse Was Rooted in Treasury Bets During the Pandemic by Brian Chappatta—BloombergRemarks by FDIC Chairman Martin Gruenberg at the Institute of International Bankers—FDICHow Silicon Valley Turned on Silicon Valley Bank by Ben Foldy, Rachel Louise Ensign, and Justin Baer—The Wall Street JournalSEC Filings Details—Silicon Valley BankFDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California—FDICUninsured Silicon Valley Bank depositors seek fire sale of assets by Joshua Franklin, Sujeet Indap, Colby Smith, and George Hammond—The Financial TimesJoin Statement by Treasury, Federal Reserve, and FDIC—Federal ReserveFDIC Acts to Protect All Depositors of the former Silicon Bank, Santa Clara, California—FDICUS regulators are setting a dangerous precedent on SVB by Sheila Bair—The Financial TimesBack-to-Back Bank Collapses Came After Deregulatory Push by David Enrich—The New York TimesWill another bank fall? by Robert Armstrong—The Financial TimesShares in US regional banks close sharply lower over fears of deposit flight by Jennifer Hughes, James Fontanella-Khan, Ortenca Aliaj, and Brooke Masters—The Financial TimesCharles Schwab shares drop 12% even as the firm defends financial position by Yun Li—CNBCRelated Episodes405: When Volatility Spikes, Financial Things Break392: What Is Money and How to Use It305: Are Banks Safe?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Are More Bank Runs Coming? The Collapse of Silicon Valley Bank

How leveraged loans and CLOs work and how to invest in them. What are the risks and opportunities with the new CLO ETFs.Topics covered include:What are the characteristics of leveraged loans and how David has invested in them in the past, both professionally and personally.Why LIBOR reference rate for leveraged loans is being phased outWhat is the current investing climate for leveraged loansHow collateralized loan obligation workWhy insurance companies are fighting over CLOsWhat are the different ways to invest in CLOsFor more information on this episode click here.Show NotesCompanies, Lenders Clash Over Loan Spreads in Switch from Libor by Mark Maurer—The Wall Street JournalLibor: The Spider Network—The Wall Street JournalCollateralized Loan Obligations (CLOs) Primer by Jennifer Johnson—NAIC and The Center for Insurance Policy ResearchInvesting In The Middle: Tapping Into Opportunities in Middle Market Lending—AllianceBernsteinTop 10 US CLO Managers: CLO AUM (30 Nov 2022)—CLO ResearchDefault, Transition, and Recovery: 2021 Annual Global Leveraged Loan CLO Default And Rating Transition Study—S&P Global RatingsU.S. BSL CLO And Leveraged Finance Quarterly: Is Winter Coming? by Stephen Anderberg, Daniel Hu, Et al.—S&P Global RatingsRisk Assessment of Structured Securities - CLOs by Eric Kolchinsky, Charles A. Therriault, Marc Perlman—National Association of Insurance Commissioners (NAIC)Monthly US CLO Index - December 2022—Fitch RatingsPrivate equity-backed insurers under US scrutiny over risky loans by Antoine Gara and Sujeet Indap—The Financial TimesPrivate Equity Taps Insurers' Cash to Speed Up Growth by Matt Wirz and Leslie Scism—The Wall Street JournalInvestments Mentioned​Virtus Seix Floating Rate Income Fund (SAMBX)Virtus Seix Senior Loan ETF (SEIX)​Invesco Senior Loan ETF (BKLN)​DoubleLine Flexible Income Fund (DFLEX)​BlackRock Debt Strategies Fund (DSU)BlackRock AAA CLO ETF (CLOA)iShares Treasury Floating Rate Bond ETF (TFLO)​​Janus AAA CLO ETF (JAAA)Janus B-BBB CLO ETF (JBB)​VanEck CLO ETF (CLOI)Eaglepoint Credit Company (ECC)Oxford Lane Capital Corp (OXLC)Related Episodes305: Are Banks Safe?206: Be Bear Aware of Bank LoansSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A "Safe" 6% Yield: The Case for Investment Grade CLOs

Do activist hedge funds including Carl Icahn's add value? Should you invest in Icahn Enterprises L.P., a conglomerate with a 15% dividend yield and a stake in Carl Icahn's hedge fund?Topics covered include:How Icahn Enterprises' (IEP) investment performance compares to Berkshire HathawayHow to analyze individual stocks and why it is challengingWhat are activist hedge funds and do they make a positive performance differenceWhat are the risks and opportunities of investing in IEPFor more information on this episode click here.SponsorsMoney Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.NetSuite – the leading integrated cloud business software suiteShow NotesIcahn Enterprises L.P.The Activism of Carl Icahn and Bill Ackman by Jason D. Schloetzer and Richard Lee—SSRNThe Long-Term Effects of Hedge Fund Activism by Lucian A. Bebchuk, Alon Brav, Wei Jiang—SSRNDid They Live Happily Ever After? The Fate of Restructured Firms After Hedge Fund Activism by Jongha Lim and Wonik Choi—SSRNRelated Episodes242: Should You Let Warren Buffett Manage Your Money?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This Stock Has a 15% Dividend Yield and Has Outperformed Warren Buffett. Should You Invest?

Why long-term U.S. stock market outperformance could be because it has avoided major catastrophes. Does an over-reliance on historical U.S. stock returns when modeling retirement outcomes lead to spending rates that are too high?Topics covered include:Why you might consider earthquake insuranceWhat is survivorship bias and what are some examplesWhy the U.S. is an outlier when it comes to stock market performanceWhy the 4% retirement spending rule might be too highIf the 4% spending rule is too high, what can retirees do instead to have enough for retirementWhy the size and scale of the U.S. economy provide some resistance to catastrophesFor more information on this episode click here.Thanks to our SponsorsShopifyMasterworks – invest in contemporary artShow NotesHomefactsSurvivorship Bias—Matt RickardIs The United States A Lucky Survivor: A Hierarchical Bayesian Approach by Jules H. van Binsbergen, Et al.—SSRNThe Financial History of Emerging Markets: New Indices by Bryan Taylor—SSRNThe (Time-Varying) Importance of Disaster Risk by Ivo Welch—Financial Analyst JournalThe Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Et al.—SSRNThe 2.7% Rule for Retirement Spending by Ben Felix—YouTubeTrends in Retirement and Retirement Income Choices by Tiaa Participants: 2000–2018 by Jeffrey R. Brown, Et al.—SSRNRelated Episodes250: Investing Rule One: Avoid Ruin326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Beware of Survivorship Bias When Investing

What are the pros and cons of a simple stock and bond portfolio consisting of two funds or ETFs? Given U.S. stocks have significantly outperformed the rest of the world over the past decade, is there even a role for non-U.S. stocks in your investment portfolio?Topics covered include:How have 60/40 and similar portfolios performed over the long-termWhat are the advantages and disadvantages of a 60/40 portfolioWhat is the expected return of a 60/40 portfolio and what should be included?What has contributed to U.S. stocks outperforming non-U.S. stocks over the past decadeWhy have emerging markets stocks done so poorlyWhat has to happen for U.S. stocks to continue to outperform non-U.S. stocksFor more information on this episode click here.SponsorsUse this link to post your job for free on LinkedIn Jobs.Go here to sign up for the free weekly Money For the Rest of Us Insiders Guide email newsletterShow NotesBlackRock vs. Goldman in the Fight Over 60/40 by James Mackintosh—The Wall Street JournalBattered 60-40 portfolios face another challenging year by Adrienne Klasa—Financial TimesThe case for the 60/40 portfolio in equities and bonds by Erin Browne—Financial TimesInvestors wonder if the 60/40 portfolio has a future by Michael Mackenzie—Financial TimesHas the tried and tested 60/40 strategy soured? by Maya Bhandari—Financial TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Does a 60/40 Balanced Portfolio Still Work? Time to Jettison Non-U.S. Stocks?

We consider four case studies in which individuals struggle to decide what to do with their investment portfolios.Topics include:Why it's so difficult to reenter the stock market after sitting on the sidelines and what to do insteadWhat are the risks of having a too aggressive portfolio allocation in retirement and what to do insteadWhat to do when an investment strategy has worked really well but you feel it is time to make a changeHow to decide on an appropriate portfolio mix after a significant financial changeYou can learn more about Money for the Rest of Us Plus here.For more information on this episode click here.Related Episodes306: Three Approaches to Asset Allocation401: Why Diversifying Your Portfolio Feels AwfulShow NotesCase studies were pulled from the following Plus episodes:287 Plus: Coronavirus Update, Mid Month Investment Conditions and Overcoming the Fear of Investing306 Plus: Member Profile, Bond Investing, and Emerging Technology310 Plus: Mid Month Update and a Member Wants to Reallocate from Growth Stocks331 Plus: Member Profile, Tail Risk Protection, Rental Real Estate as Bond Substitute, and YYY ETFSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to Make Portfolio and Asset Allocation Changes

What you need to know to confidently invest in bonds.Topics covered include:Key components of bond investing include face value, coupon rates, yield-to-maturity, duration, and convexityHow to decide between owning longer-term or short-term bondsHow to decide whether to own individual bonds or bond funds and ETFsWhen to use active bond management versus bond indexingHow bullet bond ETFs work and when to use themHow to know when to invest in municipal bonds and corporate bondsWhen should you own foreign bondsShould you own bonds in taxable or tax-deferred accountsA bond case study based on current interest ratesFor more information on this episode click here.SponsorsMoney Pickle - Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.Fundrise - The largest direct-to-investor alternative investment platform in the U.S.Show NotesA Complete Guide to Investing in I Bonds and TIPS—Money for the Rest of UsInvestments MentionediShares 20+ Year Treasury Bond ETF (TLT)Vanguard Short-Term Treasury ETF (VGSH)iShares® iBonds® Dec 2025 Term Treasury ETF (IBTF)iShares® iBonds® Dec 2025 Term Corporate ETF (IBDQ)Vanguard Total Bond Market Index Fund ETF (BND)Doubleline Total Return Bond Fund (DBLTX)Related Episodes337: Why in the World Would You Own Bonds?378 Plus: A Frustrating Time To Invest and Did Bulletshares Underperform?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bond Investing Master Class - How to Invest in Fixed Income

How sophisticated AI apps from OpenAI and other companies create articles, art, and other works that have never existed. How generative AI will impact business owners, employees, students, and financial markets.Topics include:How AI is creating personal finance articles and other creative worksChatGPT's attempt at writing a script for the Money For the Rest of Us podcastHow ChatGPT and other large language models workWhat are the risks and flaws of generative AIHow can we adapt and take advantage of generative AIFor more information on this episode click here.SponsorsMasterworks – invest in contemporary artNetSuite - the leading integrated cloud business software suiteShow NotesWe Are Here To Create: A Conversation with Kai-Fu Lee—EdgeCNET Is Quietly Publishing Entire Articles Generated by AI by Frank Landymore—FuturismCNET Money—CNETShould You Break a CD Early for a Better Rate by AI engine and edited by Jaclyn DeJohn—CNETNerdWallet, Inc. Q3 2022 Earnings Call—NerdWalletOpenAIThe Backstory of ChatGPT Creator OpenAI by Berber Jin and Miles Kruppa—The Wall Street JournalGPT-3.5 + ChatGPT: An illustrated overview by Alan D. Thompson—Life ArchitectAI-generate answers temporarily banned on coding Q&A site Stack Overflow by James Vincent—The VergeAlarmed by A.I. Chatbots, Universities Start Revamping How They Teach by Kalley Huang—The New York TimesA Coming-Out Part for Generative A.I., Silicon Valley's New Craze by Kevin Roose—The New York TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Will Generative AI Like ChatGPT Replace Your Job?

We analyze the worrisome national debt situation in the U.S., UK, and Japan and consider what will determine the likelihood of defaultTopics covered include:How big is the national debt in the U.S., UK, and JapanWhy Japan and UK interest rates have increasedWhen do federal government debts jump the mostWhat two numbers are key to whether a level of national debt is sustainableWhat are five ways indebted countries have reduced the relative size of their debtWhy quantitative easing is not a solution to a national debt crisisFor more information on this episode click here.SponsorsShopify FundriseShow NotesDebt to the Penny—U.S. Treasury Fiscal DataFederal Debt and the Debt Limit in 2022—Congressional Research ServiceCan the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political ScienceUK government debt and deficit: June 2022—Office for National StatisticsJapan's Experience with Yield Curve Control by Matthew Higgins and Thomas Klitgaard—Liberty Street EconomicsWhat is the national debt?—U.S. Treasury Fiscal DataMajor Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. TreasuryThe Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia—International Monetary FundRelated Episodes295: Federal Reserve Insolvency and Monetizing the National Debt338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?360: Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National DebtSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Your Nation's National Debt: 5 Things You Need to Know

We kick off 2023 by answering your questions on making portfolio changes, risk tolerance, the strong dollar, inflation and retirement, influential books, and other topics.For more information on this episode click here.Episode SponsorsThanks to LinkedIn for sponsoring the episode. Use this link to post your job for free on LinkedIn Jobs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Listener Q&A

How public equity REITs differ from private REITs. Why investors are selling out of private REITs and why private REIT sponsors like Blackstone and Starwood are limiting investors' ability to do so.Topics covered include:What are public and private real estate investment trustsWhy has Blackstone's BREIT been such a successWhy investors are trying to exit private REITsWhy commercial property values are fallingIs now a good time to invest in public and private REITs?For more information on this episode click here.SponsorsPolicygeniusLinkedIn – Post your job for freeShow NotesHow the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial TimesInvestors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street JournalHow the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial TimesInvestors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street JournalProperty Insights: Roller Coaster by Michael Knott—Green StreetRising Interest Rates Threaten to Expose Office Buildings’ Inflated Values by Konrad Putzier—The Wall Street JournalWhy Blackstone’s $69 Billion Property Fund Is Signaling Pain Ahead for Real Estate Industry by John Gittelsohn and Patrick Clark—BloombergBlackstone’s $70 Billion Real Estate Fund for Retail Investors Is Losing Steam by Dawn Lim and John Gittelsohn—BloombergRelated Episodes183: How To Invest In Commercial Real Estate230: Use Caution With Real Estate CrowdfundingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Use Caution With Private REITs Like Blackstone’s BREIT - Is Now a Good Time to Invest in REITs?

How to solve the conundrum that consumption reductions lead to economic disasters while benefiting the environment.Topics covered include:Why consumption, fossil fuel usage, and carbon emissions keep growingHow fossil fuel consumption goes well beyond heating and transportation uses but is tied to agriculture, steel, and cement productionThe four times global consumption fell and the dire economic consequences that resultedHow the world is consuming twice as many resources as the planet can sustainHow the economy could still grow while reducing the environmental impactFor more information on this episode click here.SponsorsMasterClass - Get two annual memberships for the price of oneMasterworks – invest in contemporary artShow NotesHow the World Really Works: The Science Behind How We Got Here and Where We’re Going by Vaclav SmilThe Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves by J.B. MackinnonGlobal Footprint NetworkRelated Episodes262: Better Not Bigger, Circular Not Linear – How the Global Economy Is Changing282: Is GDP the Best Measure of Happiness and Well-Being?340: Climate Change, ESG, and What Should Investors Do?395: How Population Trends Will Impact Growth, Inflation, Investing, and Well BeingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What if the World Stopped Shopping?

What are the best options for safely investing cash.Topics covered include:High-yield savings accountsCertificates of DepositsGovernment BondsMoney Market Mutual FundsWhen should you invest in long-term bondsWhy some savings apps try to look like banks but they are notWhat happens when central banks lose moneyWhere not to deposit cash for safetyFor more information on this episode click here.SponsorsMasterClass - Get two annual memberships for the price of oneMoney App - Triple Your Paycheck GiveawayShow Notesa16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunchFactors Affecting Reserve Balances—U.S. Federal ReserveLiabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury: Wednesday Level—FREDWhat if the Federal Reserve books losses because of its quantitative easing? by William B. English and Donald Kohn—BrookingsU.S. Banks Lost a Record $370 Billion in Deposits Last Quarter by David Benoit—The Wall Street JournalCrypto Lender BlockFi Follows FTX Into Bankruptcy by Alexander Gladstone—The Wall Street JournalRelated Episodes304: A 15% Guaranteed Return? Lending on the Fringes of Finance392: What Is Money and How to Use It410: Is Cryptocurrency Dead?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Where to Invest Your Cash Savings for Higher Yields

Camden and David converse with Asha Mehta, Managing Partner & CIO at Global Delta Capital about the bullish case for emerging and frontier market stocks as well as the risks.Topics covered include:How to go about investing in emerging marketsShould you invest in ChinaWhere are the most promising emerging and frontier marketsWhy aggregate emerging markets earnings have been lacklusterHow to balance quantitative analysis with subjective reasoningFor more information on this episode click here.SponsorsMasterClass - Get two annual memberships for the price of oneMasterworks – invest in contemporary artShow NotesPower of Capital by Asha MehtaGlobal Delta CapitalRelated Episodes249: Should You Invest in India?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Is Emerging and Frontier Markets Investing Still Worth It? - with Asha Mehta

How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative.Topics covered include:How FTX squandered its customers' depositsHow FTX is another example of a private money bank runHow traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platformsHow FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many othersHow should individual investors store cryptocurrency, and does it even make sense to continue to own itFor more information on this episode click here.SponsorsLinkedIn – Post your job for freeMoney For the Rest of Us PlusShow NotesDon't Miss Out on Crypto: Larry David FTX CommercialThe spectacular implosion of crypto’s biggest star, explained by Emily Stewart—VoxDivisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet by Ian Allison—CoinDeskFTX held less than $1bn in liquid assets against $9bn in liabilities by Antoine Gara, Kadhim Shubber, and Joshua Oliver—Financial TimesFTX balance sheet, revealed by FT Alphaville—Financial TimesFTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall by Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann—The Wall Street JournalAfter FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDeskHow Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York TimesExclusive: At least $1 billion of client funds missing at failed crypto firm FTX by Angus Berwick—ReutersInvestors Who Put $2 Billion Into FTX Face Scrutiny, Too by Erin Griffith and David Yaffe-Bellany—The New York TimesFTX signs deal with option to buy BlockFi for up to $240 mln by Niket Nishant and Aditya Soni—ReutersVoyager Digital and Voyager Official Committee of Unsecured Creditors Provide Update on Reorganization Plan—CisionCrypto lender BlockFi says it has significant exposure to FTX by Manya Saini and Shailesh Kuber—ReutersCoinbase Quarterly EarningsRelated Episodes393: What Happens If Your Brokerage Firm Goes BankruptSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?

How the International Monetary Fund, the world's economic firefighter, works for global monetary cooperation and prosperity while using its own made-up currency, the SDR.Topics covered include:What was the Bretton Woods monetary system that led to the formation of the IMF and the World BankHow the World Bank and IMF differWhat does the IMF doHow the IMF creates its own money out of thin airWhy does Argentina, the IMF's largest borrower, keep defaulting on its debt obligation including those to the IMFWhy the IMFs negotiating tactics are controversialFor more information on this episode click here.SponsorsAura, the new standard in digital safety PolicygeniusShow NotesCreation of the Bretton Woods System, July 1944—Federal Reserve HistoryThe World BankInternational Monetary FundSterling devalued and the IMF loan—Cabinet Papers, The National ArchiveTotal IMF Credit Outstanding, Movement From November 01, 2022 to November 07, 2022—IMFWhy you can’t technically default on the IMF by Izabella Kaminska—Financial TimesImplications of the IMF's SDR Allocation for Australia and the Global Economy by Ben Hollebon and Kate Hickie—Reserve Bank of AustraliaThe IMF cannot solve Argentina’s dysfunction—The EconomistIMF Executive Board Completes Second Review of the Extended Arrangement Under the Extended Fund Facility for Argentina—IMFThe IMF: The World’s Controversial Financial Firefighter—by Jonathan Masters, Andrew Chatzky, and Anshu Siripurapu—Council on Foreign RelationsRelated Episodes233: Is An Emerging Markets Crisis Imminent?322: Why Currency Exchange Rates Matter?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What Is the IMF and Why Is It Controversial?

How to survive in a world where luck and randomness play a pivotal role.Topics covered include:What are power lawsWhat are the narrative fallacy and hindsight biasWhat are examples of domains where randomness has contributed to successWhat are ways to distinguish investing skill from luckHow sixth-century philosopher Boethius had an accurate view of chanceWhat are ways we can benefit from good luck while protecting ourselves from bad luckFor more information on this episode click here.SponsorsCopperMoney For the Rest of Us PlusShow NotesRedacted messages to and from Elon Musk—Delaware’s Court of ChanceryElon Musk’s Texts Shatter the Myth of the Tech Genius by Charlie Warzel—The AtlanticTalent Versus Luck: The Role of Randomness In Success and Failure by Alessandro Pluchino, Alessio Emanuele Biondo, and Andrea RapisardaSusan AlexandraWelcome to Susan Alexandra’s Dream World by Sophia Herring—Clever, Architectural DigestThe Fashion Set Can’t Get Enough of Susan Alexandra’s Colorful, Kitschy Designs by Noah Lehava—CoveteurQuantifying the evolution of individual scientific impact by Roberta Sinatra et al.What's in a Surname? The Effects of Surname Initials on Academic Success by Liran Einav and Leeat YarivMiddle names make you look smarter—University of SouthhamptonAdmission to Selective Schools, Alphabetically by Štěpán Jurajda and Daniel MünichIt Pays to Be Herr Kaiser: Germans With Noble-Sounding Surnames More Often Work as Managers Than as Employees by Raphael Silberzahn and Eric Luis UhlmannThe relative-age effect and career success: Evidence from corporate CEOs by Qianqian Du, Huasheng Gao, Maurice D. LeviThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas TalebWere Those Great Returns the Result of Skill — or Just Luck? by Julie Segal—Institutional InvestorRelated Episodes323: The Economy Is Not A MachineSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Is Success Due to Hard Work, Talent, or Luck?

How to use laddered inflation-indexed bonds (i.e., TIPS), CDs, fixed annuities, and fixed index annuities to meet retirement living expenses while worrying less about running out of money.Topics covered include:How individuals can use liability-driven investment strategiesWhy now is the best opportunity to buy Treasury Inflation Protection Securities in 15 yearsHow to use bond laddersHow deferred fixed and deferred variable annuities workHow to analyze fixed index annuitiesFor more information on this episode click here.Show NotesWorry-Free Investing by Zvi Bodie and Michael J. ClowesMarket Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FREDMarket Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FREDNew 5-year TIPS auctions with a real yield of 1.732%, highest in 15 years—TIPSwatchComplete List of Multi-Year Guaranteed Annuities (MYGAs), October 26, 2022—ImmediateAnnuities.comSafety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement by Wade PfauA Complete Guide to Investing in TIPS and I Bonds—Money for the Rest of UsEpisode SponsorsExpress VPN – get three months free on VPN serviceAura, the new standard in digital safetyRelated Episodes279: Why All Retirees Should Consider an Income Annuity326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Worry-Free Retirement Investing

In Episode 406, David and Camden visit with Annie Duke about how to better manage our investment portfolios including when and what to sell. We also discuss a number of behavioral finance topics such as mental accounting, sunk costs, and goal myopia.Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book, Quit: The Power of Knowing When to Walk Away, was released on October 4, 2022. Her previous book, Thinking in Bets, is a national bestseller, and is highly influential on the investing philosophy of Money for the Rest of Us. As a former professional poker player, she has won more than $4 million in tournament poker, won a World Series of Poker Bracelet and is the only woman to have won the World Series of Poker Tournament of Champions and the NBC National Poker Heads-Up Championship. She retired from the game in 2012. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania.These days, Annie loves to dive deep into decision-making under uncertainty. As can be seen from her new book, her latest obsession is the topic of quitting.For more information on this episode click here.SponsorLinkedIn – Post your job for freeShow NotesThinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie DukeQuit: The Power of Knowing When to Walk Away by Annie DukeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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