MI106: Don't Chase Money Managers & Stock Tips w/ Ben Felix

IN THIS EPISODE, YOU’LL LEARN:  

• 3:13 - What a Roth IRA is and the contribution limits it has
• 15:38 - What an endowment fund is, who David Swensen was, and what an endowment model is
• 31:21 - Why chasing or copying money managers isn't a great strategy and why this typically doesn’t end well for investors
• 53:58 - What the potential pitfalls and dangers are of investing in high-dividend-yielding stocks 
• 1:05:33 - What The Feynman Technique is, and how Ben personally learns
• And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• Get more FREE content from Robert
• Get a FREE audiobook from Audible
• Read the 9 Key Steps to Effective Personal Financial Management
• Check out our Investing Starter Packs about business and finance
• Ben Felix's Youtube account Common Sense Investing
• Ben Felix's Rational Reminder podcast
• Tyler Cowen’s podcast Conversations with Tyler
• John Cochrane's podcast The Grumpy Economist
• MI054: Common Sense Investing w/ Ben Felix 
• MI077: Warren Buffett Might Not Actually be the Greatest Investor of All-Time w/ Ben Felix
• REI081: Secret Accounts of the Wealthy, That You Can Use Too w/ Bill Neville (Part 1)
• REI082: Secret Accounts of the Wealthy, That You Can Use Too w/ Bill Neville (Part 2)
• Bloomberg article “Record Stock Sales from Money-Losing Firms Ring the Alarm Bells”
• David Swensen’s book Unconventional Success
• David Swensen’s book Pioneering Portfolio Management
• John Bogle’s book The Little Book of Common Sense Investing
• Joel Greenblatt’s book The Little Book That Still Beats the Market
• All of Robert’s favorite books

SPONSORS

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• Range Rover
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• Toyota
• Public
• NetSuite

Read this episode’s transcript and full show notes on our website.

Connect with Ben: Website | LinkedIn | Facebook

Connect with Robert: Website | Instagram 

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