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 sheet How is Silicon Valley Bank similar and different than other regional banks What the FDIC and Federal Reserve are trying do to restore confidence and stop bank runs How a weakening of the Frank-Dodd bank regulation act set the stage for SVB's failure Why bailing out uninsured depositors is controversial Three scenarios of what might happen next Actions we can take to protect ourselves when private money fails For more information on this episode click here. Sponsors Masterworks – invest in contemporary art Money for the Rest of Us Plus membership Show Notes Silicon Valley Bank launches $2.25bn share sale to shore up capital base by Joshua Franklin and Antoine Gara—The Financial Times US Bank Capital Regulation: History and Changes Since the Financial Crisis by John Walter—Economic Quarterly SVB's 44-Hour Collapse Was Rooted in Treasury Bets During the Pandemic by Brian Chappatta—Bloomberg Remarks by FDIC Chairman Martin Gruenberg at the Institute of International Bankers—FDIC How Silicon Valley Turned on Silicon Valley Bank by Ben Foldy, Rachel Louise Ensign, and Justin Baer—The Wall Street Journal SEC Filings Details—Silicon Valley Bank FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California—FDIC Uninsured Silicon Valley Bank depositors seek fire sale of assets by Joshua Franklin, Sujeet Indap, Colby Smith, and George Hammond—The Financial Times Join Statement by Treasury, Federal Reserve, and FDIC—Federal Reserve FDIC Acts to Protect All Depositors of the former Silicon Bank, Santa Clara, California—FDIC US regulators are setting a dangerous precedent on SVB by Sheila Bair—The Financial Times Back-to-Back Bank Collapses Came After Deregulatory Push by David Enrich—The New York Times Will another bank fall? by Robert Armstrong—The Financial Times Shares 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 Times Charles Schwab shares drop 12% even as the firm defends financial position by Yun Li—CNBC Related Episodes 405: When Volatility Spikes, Financial Things Break 392: What Is Money and How to Use It 305: 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.

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 out What is the current investing climate for leveraged loans How collateralized loan obligation work Why insurance companies are fighting over CLOs What are the different ways to invest in CLOs For more information on this episode click here. Show Notes Companies, Lenders Clash Over Loan Spreads in Switch from Libor by Mark Maurer—The Wall Street Journal Libor: The Spider Network—The Wall Street Journal Collateralized Loan Obligations (CLOs) Primer by Jennifer Johnson—NAIC and The Center for Insurance Policy Research Investing In The Middle: Tapping Into Opportunities in Middle Market Lending—AllianceBernstein Top 10 US CLO Managers: CLO AUM (30 Nov 2022)—CLO Research Default, Transition, and Recovery: 2021 Annual Global Leveraged Loan CLO Default And Rating Transition Study—S&P Global Ratings U.S. BSL CLO And Leveraged Finance Quarterly: Is Winter Coming? by Stephen Anderberg, Daniel Hu, Et al.—S&P Global Ratings Risk 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 Ratings Private equity-backed insurers under US scrutiny over risky loans by Antoine Gara and Sujeet Indap—The Financial Times Private Equity Taps Insurers' Cash to Speed Up Growth by Matt Wirz and Leslie Scism—The Wall Street Journal Investments 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 Episodes 305: Are Banks Safe? 206: Be Bear Aware of Bank Loans See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 Hathaway How to analyze individual stocks and why it is challenging What are activist hedge funds and do they make a positive performance difference What are the risks and opportunities of investing in IEP For more information on this episode click here. Sponsors Money 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 suite Show Notes Icahn Enterprises L.P. The Activism of Carl Icahn and Bill Ackman by Jason D. Schloetzer and Richard Lee—SSRN The Long-Term Effects of Hedge Fund Activism by Lucian A. Bebchuk, Alon Brav, Wei Jiang—SSRN Did They Live Happily Ever After? The Fate of Restructured Firms After Hedge Fund Activism by Jongha Lim and Wonik Choi—SSRN Related Episodes 242: 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.

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 insurance What is survivorship bias and what are some examples Why the U.S. is an outlier when it comes to stock market performance Why the 4% retirement spending rule might be too high If the 4% spending rule is too high, what can retirees do instead to have enough for retirement Why the size and scale of the U.S. economy provide some resistance to catastrophes For more information on this episode click here. Thanks to our Sponsors Shopify Masterworks – invest in contemporary art Show Notes Homefacts Survivorship Bias—Matt Rickard Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach by Jules H. van Binsbergen, Et al.—SSRN The Financial History of Emerging Markets: New Indices by Bryan Taylor—SSRN The (Time-Varying) Importance of Disaster Risk by Ivo Welch—Financial Analyst Journal The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Et al.—SSRN The 2.7% Rule for Retirement Spending by Ben Felix—YouTube Trends in Retirement and Retirement Income Choices by Tiaa Participants: 2000–2018 by Jeffrey R. Brown, Et al.—SSRN Related Episodes 250: Investing Rule One: Avoid Ruin 326: The New Math of Retirement Spending and Investing See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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-term What are the advantages and disadvantages of a 60/40 portfolio What 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 decade Why have emerging markets stocks done so poorly What has to happen for U.S. stocks to continue to outperform non-U.S. stocks For more information on this episode click here. Sponsors Use 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 newsletter Show Notes BlackRock vs. Goldman in the Fight Over 60/40 by James Mackintosh—The Wall Street Journal Battered 60-40 portfolios face another challenging year by Adrienne Klasa—Financial Times The case for the 60/40 portfolio in equities and bonds by Erin Browne—Financial Times Investors wonder if the 60/40 portfolio has a future by Michael Mackenzie—Financial Times Has the tried and tested 60/40 strategy soured? by Maya Bhandari—Financial Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 instead What are the risks of having a too aggressive portfolio allocation in retirement and what to do instead What to do when an investment strategy has worked really well but you feel it is time to make a change How to decide on an appropriate portfolio mix after a significant financial change You can learn more about Money for the Rest of Us Plus here. For more information on this episode click here. Related Episodes 306: Three Approaches to Asset Allocation 401: Why Diversifying Your Portfolio Feels Awful Show Notes Case studies were pulled from the following Plus episodes: 287 Plus: Coronavirus Update, Mid Month Investment Conditions and Overcoming the Fear of Investing 306 Plus: Member Profile, Bond Investing, and Emerging Technology 310 Plus: Mid Month Update and a Member Wants to Reallocate from Growth Stocks 331 Plus: Member Profile, Tail Risk Protection, Rental Real Estate as Bond Substitute, and YYY ETF See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 convexity How to decide between owning longer-term or short-term bonds How to decide whether to own individual bonds or bond funds and ETFs When to use active bond management versus bond indexing How bullet bond ETFs work and when to use them How to know when to invest in municipal bonds and corporate bonds When should you own foreign bonds Should you own bonds in taxable or tax-deferred accounts A bond case study based on current interest rates For more information on this episode click here. Sponsors Money 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 Notes A Complete Guide to Investing in I Bonds and TIPS—Money for the Rest of Us Investments Mentioned iShares 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 Episodes 337: 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.

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 works ChatGPT's attempt at writing a script for the Money For the Rest of Us podcast How ChatGPT and other large language models work What are the risks and flaws of generative AI How can we adapt and take advantage of generative AI For more information on this episode click here. Sponsors Masterworks – invest in contemporary art NetSuite - the leading integrated cloud business software suite Show Notes We Are Here To Create: A Conversation with Kai-Fu Lee—Edge CNET Is Quietly Publishing Entire Articles Generated by AI by Frank Landymore—Futurism CNET Money—CNET Should You Break a CD Early for a Better Rate by AI engine and edited by Jaclyn DeJohn—CNET NerdWallet, Inc. Q3 2022 Earnings Call—NerdWallet OpenAI The Backstory of ChatGPT Creator OpenAI by Berber Jin and Miles Kruppa—The Wall Street Journal GPT-3.5 + ChatGPT: An illustrated overview by Alan D. Thompson—Life Architect AI-generate answers temporarily banned on coding Q&A site Stack Overflow by James Vincent—The Verge Alarmed by A.I. Chatbots, Universities Start Revamping How They Teach by Kalley Huang—The New York Times A Coming-Out Part for Generative A.I., Silicon Valley's New Craze by Kevin Roose—The New York Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We analyze the worrisome national debt situation in the U.S., UK, and Japan and consider what will determine the likelihood of default Topics covered include: How big is the national debt in the U.S., UK, and Japan Why Japan and UK interest rates have increased When do federal government debts jump the most What two numbers are key to whether a level of national debt is sustainable What are five ways indebted countries have reduced the relative size of their debt Why quantitative easing is not a solution to a national debt crisis For more information on this episode click here. Sponsors Shopify Fundrise Show Notes Debt to the Penny—U.S. Treasury Fiscal Data Federal Debt and the Debt Limit in 2022—Congressional Research Service Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political Science UK government debt and deficit: June 2022—Office for National Statistics Japan's Experience with Yield Curve Control by Matthew Higgins and Thomas Klitgaard—Liberty Street Economics What is the national debt?—U.S. Treasury Fiscal Data Major Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. Treasury The Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia—International Monetary Fund Related Episodes 295: Federal Reserve Insolvency and Monetizing the National Debt 338: 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 Debt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 Sponsors Thanks 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.

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 trusts Why has Blackstone's BREIT been such a success Why investors are trying to exit private REITs Why commercial property values are falling Is now a good time to invest in public and private REITs? For more information on this episode click here. Sponsors Policygenius LinkedIn – Post your job for free Show Notes How the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial Times Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street Journal How the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial Times Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street Journal Property Insights: Roller Coaster by Michael Knott—Green Street Rising Interest Rates Threaten to Expose Office Buildings’ Inflated Values by Konrad Putzier—The Wall Street Journal Why Blackstone’s $69 Billion Property Fund Is Signaling Pain Ahead for Real Estate Industry by John Gittelsohn and Patrick Clark—Bloomberg Blackstone’s $70 Billion Real Estate Fund for Retail Investors Is Losing Steam by Dawn Lim and John Gittelsohn—Bloomberg Related Episodes 183: How To Invest In Commercial Real Estate 230: Use Caution With Real Estate Crowdfunding See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 growing How fossil fuel consumption goes well beyond heating and transportation uses but is tied to agriculture, steel, and cement production The four times global consumption fell and the dire economic consequences that resulted How the world is consuming twice as many resources as the planet can sustain How the economy could still grow while reducing the environmental impact For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Masterworks – invest in contemporary art Show Notes How the World Really Works: The Science Behind How We Got Here and Where We’re Going by Vaclav Smil The Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves by J.B. Mackinnon Global Footprint Network Related Episodes 262: Better Not Bigger, Circular Not Linear – How the Global Economy Is Changing 282: 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 Being See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the best options for safely investing cash. Topics covered include: High-yield savings accounts Certificates of Deposits Government Bonds Money Market Mutual Funds When should you invest in long-term bonds Why some savings apps try to look like banks but they are not What happens when central banks lose money Where not to deposit cash for safety For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Money App - Triple Your Paycheck Giveaway Show Notes a16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunch Factors Affecting Reserve Balances—U.S. Federal Reserve Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury: Wednesday Level—FRED What if the Federal Reserve books losses because of its quantitative easing? by William B. English and Donald Kohn—Brookings U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter by David Benoit—The Wall Street Journal Crypto Lender BlockFi Follows FTX Into Bankruptcy by Alexander Gladstone—The Wall Street Journal Related Episodes 304: A 15% Guaranteed Return? Lending on the Fringes of Finance 392: What Is Money and How to Use It 410: 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.

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 markets Should you invest in China Where are the most promising emerging and frontier markets Why aggregate emerging markets earnings have been lackluster How to balance quantitative analysis with subjective reasoning For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Masterworks – invest in contemporary art Show Notes Power of Capital by Asha Mehta Global Delta Capital Related Episodes 249: 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.

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' deposits How FTX is another example of a private money bank run How traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platforms How FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many others How should individual investors store cryptocurrency, and does it even make sense to continue to own it For more information on this episode click here. Sponsors LinkedIn – Post your job for free Money For the Rest of Us Plus Show Notes Don't Miss Out on Crypto: Larry David FTX Commercial The spectacular implosion of crypto’s biggest star, explained by Emily Stewart—Vox Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet by Ian Allison—CoinDesk FTX held less than $1bn in liquid assets against $9bn in liabilities by Antoine Gara, Kadhim Shubber, and Joshua Oliver—Financial Times FTX balance sheet, revealed by FT Alphaville—Financial Times FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall by Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann—The Wall Street Journal After FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDesk How Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York Times Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX by Angus Berwick—Reuters Investors Who Put $2 Billion Into FTX Face Scrutiny, Too by Erin Griffith and David Yaffe-Bellany—The New York Times FTX signs deal with option to buy BlockFi for up to $240 mln by Niket Nishant and Aditya Soni—Reuters Voyager Digital and Voyager Official Committee of Unsecured Creditors Provide Update on Reorganization Plan—Cision Crypto lender BlockFi says it has significant exposure to FTX by Manya Saini and Shailesh Kuber—Reuters Coinbase Quarterly Earnings Related Episodes 393: What Happens If Your Brokerage Firm Goes Bankrupt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 Bank How the World Bank and IMF differ What does the IMF do How the IMF creates its own money out of thin air Why does Argentina, the IMF's largest borrower, keep defaulting on its debt obligation including those to the IMF Why the IMFs negotiating tactics are controversial For more information on this episode click here. Sponsors Aura, the new standard in digital safety  Policygenius Show Notes Creation of the Bretton Woods System, July 1944—Federal Reserve History The World Bank International Monetary Fund Sterling devalued and the IMF loan—Cabinet Papers, The National Archive Total IMF Credit Outstanding, Movement From November 01, 2022 to November 07, 2022—IMF Why you can’t technically default on the IMF by Izabella Kaminska—Financial Times Implications of the IMF's SDR Allocation for Australia and the Global Economy by Ben Hollebon and Kate Hickie—Reserve Bank of Australia The IMF cannot solve Argentina’s dysfunction—The Economist IMF Executive Board Completes Second Review of the Extended Arrangement Under the Extended Fund Facility for Argentina—IMF The IMF: The World’s Controversial Financial Firefighter—by Jonathan Masters, Andrew Chatzky, and Anshu Siripurapu—Council on Foreign Relations Related Episodes 233: 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.

How to survive in a world where luck and randomness play a pivotal role. Topics covered include: What are power laws What are the narrative fallacy and hindsight bias What are examples of domains where randomness has contributed to success What are ways to distinguish investing skill from luck How sixth-century philosopher Boethius had an accurate view of chance What are ways we can benefit from good luck while protecting ourselves from bad luck For more information on this episode click here. Sponsors Copper Money For the Rest of Us Plus Show Notes Redacted messages to and from Elon Musk—Delaware’s Court of Chancery Elon Musk’s Texts Shatter the Myth of the Tech Genius by Charlie Warzel—The Atlantic Talent Versus Luck: The Role of Randomness In Success and Failure by Alessandro Pluchino, Alessio Emanuele Biondo, and Andrea Rapisarda Susan Alexandra Welcome to Susan Alexandra’s Dream World by Sophia Herring—Clever, Architectural Digest The Fashion Set Can’t Get Enough of Susan Alexandra’s Colorful, Kitschy Designs by Noah Lehava—Coveteur Quantifying 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 Yariv Middle names make you look smarter—University of Southhampton Admission to Selective Schools, Alphabetically by Štěpán Jurajda and Daniel Münich It Pays to Be Herr Kaiser: Germans With Noble-Sounding Surnames More Often Work as Managers Than as Employees by Raphael Silberzahn and Eric Luis Uhlmann The relative-age effect and career success: Evidence from corporate CEOs by Qianqian Du, Huasheng Gao, Maurice D. Levi The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb Were Those Great Returns the Result of Skill — or Just Luck? by Julie Segal—Institutional Investor Related Episodes 323: The Economy Is Not A Machine See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 strategies Why now is the best opportunity to buy Treasury Inflation Protection Securities in 15 years How to use bond ladders How deferred fixed and deferred variable annuities work How to analyze fixed index annuities For more information on this episode click here. Show Notes Worry-Free Investing by Zvi Bodie and Michael J. Clowes Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FRED Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed—FRED New 5-year TIPS auctions with a real yield of 1.732%, highest in 15 years—TIPSwatch Complete List of Multi-Year Guaranteed Annuities (MYGAs), October 26, 2022—ImmediateAnnuities.com Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement by Wade Pfau A Complete Guide to Investing in TIPS and I Bonds—Money for the Rest of Us Episode Sponsors Express VPN – get three months free on VPN service Aura, the new standard in digital safety Related Episodes 279: Why All Retirees Should Consider an Income Annuity 326: The New Math of Retirement Spending and Investing See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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. Sponsor LinkedIn – Post your job for free Show Notes Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke Quit: The Power of Knowing When to Walk Away by Annie Duke See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is volatility and what causes it to rise and fall? How volatility itself contributes to more volatility such as in the example of the chaotic UK government bond market where long-term yields have increased by 4% in 2022. Topics covered include: How the role of volatility has changed in financial markets What caused UK interest rates to spike and long-term bond investors to lose 50% What is liability-driven investment What drives increases in volatility and volatility spikes and spillovers are more frequent How to earn income from shorting volatility and what are the risks What we can learn when financial securities blow up For more information on this episode click here. Episode Sponsors Masterworks – invest in contemporary art - **Net est. returns for all realized and unrealized offerings is 15.3%, from inception through 6/30/22.  See important Reg A and performance disclosures at masterworks.io/cd Policygenius Show Notes The volatility virus strikes again by Eric Lonergan—Financial Times How ‘Liability-Driven’ Pension Funds Triggered UK Bond Panic by Loukia Gyftopoulou and Greg Ritchie—Bloomberg UK government debt and deficit: December 202—UK Office for National Statistics Markets are more fragile than investors think by Robin Wigglesworth—Financial Times Volatility and the Alchemy of Risk: Reflexivity in the Shadows of Black Monday 1987—Artemis Capital Management What Caused the Volatility “Volmageddon” on 5-Feb-2018 by Vance Harwood—Six Figure Investing Gamma Explained—Merrill Delta Explained—Merrill Inside Volatility Trading: Is VIX Backwardation Necessarily a Sign of a Future Down Market? by Scott Bauer Investments Mentioned WisdomTree CBOE S&P500 PutWrite Strategy ETF (PUTW) Simplify Volatility Premium ETF (SVOL) Related Episodes 159: What You Need To Know About Volatility 283: Why You Should Care About Carry Trades See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.