RR #130 - A Year in Review
You've waiting all year - and now it's here: our annual Year in Review episode. And what a year it has been.... In today’s show, we cover topics of happiness, decision making, dealing with uncertainty, and the connection that financial planning and investing have to all of this. We collect some amazing gems of wisdom from guests like Annie Duke, Ken French, Michael Kitces, Patricia Lovett-Reid, and a whole lot more, whittling down an original list of over one hundred of this year’s finest moments to a collection of just 45. The show starts out exploring themes of the connection between wealth and happiness, keeping cool in stressful times, and the transformations that crises kickstart. From there, we talk about the importance of models and systems for informing investing and behaviour in general, and the idea that unexpected outcomes swamp expected ones in the short term. We also look at what market history has to say about staying in your seat rather than market timing when things look bleak. Next up, we cover themes of the value of a flexible approach to retirement spending, how families should think about financial planning, whether 60/40 portfolios are dead, and why stock market returns in the U.S. are higher under Democratic presidents. Moving onto the subject of decision making, we explore some of our guests’ thoughts on evaluating decisions, outcomes bias and the role of luck, and more. We also consider the topic of human capital, how it relates to investing, and what we should really be spending our time on. The subject of the convergence of brokerage firms and financial advisors then leads to a great exploration of the role of financial advisors. We wrap up with some extra special perspectives on how optimal financial planning should be geared around the person that you want to be rather than maximizing wealth for the sake of it. Tune in today for an amazing overview of the year and to hear all the ways we have changed and grown thanks to our incredible guests. Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/t.... Rational Reminder Website — https://rationalreminder.ca/ Benjamin on Twitter — / benjaminwfelix Benjamin Felix on YouTube — / @benfelixcsi Cameron on Twitter — / cameronpassmore Angelica Montagano — / angelica-montagano Martin Dallaire — https://www.pwlcapital.com/profile/ma... Matthew Passi (The Podcast Consultant) — https://www.thepodcastconsultant.com/ Brenda Bartlett — https://www.pwlcapital.com/profile/br... Jen Beldam on Twitter — https://twitter.com/jenbeldam?lang=en Episode 102 with Dr. Brian Portnoy — https://rationalreminder.ca/podcast/102 Episode 99 with Andrew Hallam — https://rationalreminder.ca/podcast/99 Episode 92 with Dr. Moira Somers and Dave Goetsch — https://www.pwlcapital.com/the-ration... Episode 110 with Craig Alexander — https://www.pwlcapital.com/the-ration... Episode 106 with Jim Stanford — https://rationalreminder.ca/podcast/106 Episode 97 with Greg Zuckerman — https://rationalreminder.ca/podcast/97 Episode 100 with Professor Ken French — https://rationalreminder.ca/podcast/100 Episode 108 with Dr. William Bernstein — https://rationalreminder.ca/podcast/108 Episode 93 with Cliff Asness — https://rationalreminder.ca/podcast/93 Episode 116 with Mark Hebner — https://rationalreminder.ca/podcast/116 Episode 112 with Professor Moshe Milevsky — https://rationalreminder.ca/podcast/122 Episode 114 with Patricia Lovett-Reid — https://www.pwlcapital.com/the-ration... Episode 120 with Annie Duke — https://rationalreminder.ca/podcast/120 Episode 112 with Michael Kitces — https://rationalreminder.ca/podcast/112 Episode 118 with Professor Victor Ricciardi — https://rationalreminder.ca/podcast/118 The Psychology of Money — https://www.amazon.com/Psychology-Mon... Episode 104 with Fred Vettese — https://rationalreminder.ca/podcast/104 Episode 87 with Allison Schrager — https://rationalreminder.ca/podcast/87 Episode 116 with Mark Hebner — https://rationalreminder.ca/podcast/116 Episode 95 with Scott Rieckens — https://rationalreminder.ca/podcast/95
