“Investing is a set of skills, an attitude, and a world view that is completely learnable.” - Phil Town
This week Phil and Danielle discuss why the financial industry doesn't want you to have the ability to do what they do. They don’t want to give you the “secret formula” so they make finance seem complicated. You don't know Sharpe Ratio. You don't know Capital Asset Pricing Models. You don't know how to adjust for the Beta. Here’s the bottom line though, all of these things that are taught in the business schools, are BS.
We also talk about our upcoming interview with Jacob Taylor and announce our next “InvestED Book Club” read.
We also discuss the MSCI ACWI World Index. This is an index that you can buy that follows the stock markets in the entire world. Like buying the S&P 500 for the world.
Learn why Buffett says, “When America gets a cold, the rest of the world gets pneumonia.” Join us on the podcast today!
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