Podcast appearances and mentions of Charles D Ellis

Are index funds the best investment strategy for most investors? In this episode of Rational Reminder, Benjamin Felix, Dan Bortolotti, and Mark McGrath explore why low-cost index funds should be the primary investment strategy for most people. They explain how index funds evolved from a niche concept to a widely accepted strategy and outline their six key benefits. Learn about the fees associated with index funds, why index funds outperform most actively managed funds, and how to avoid the risks of picking individual stocks. They also explore academic research on long-term mutual fund performance, the persistence (or lack thereof) in active management, and the dangers of alternative indexing schemes. Discover how behaviour impacts investment decisions and why a globally diversified portfolio is crucial. Finally, in the aftershow, Ben shares an update regarding his health and listener feedback from the Rational Reminder community. Join the conversation and uncover why index funds are the best investment strategy and how to leverage them effectively to maximize your portfolio for long-term gains. Tune in now!   Key Points From This Episode:   (0:01:58) Outline of today's topic and why index funds should be everyone's main investment strategy. (0:05:10) Index fund fundamentals, market cap weighting, and why not all ETFs are index funds.  (0:10:03) Learn about the transition of index funds into mainstream finance and their low-fee advantages. (0:13:30) Linking fees to index performance and why lower fees gives them an advantage over managed funds. (0:19:50) The general awareness about index funds and what impact the lack of diversification has on actively managed funds. (0:26:35) Explore critical research comparing the returns on investment between index funds and actively managed funds. (0:33:32) Unpack why the size of the active management industry matters and common misconceptions surrounding the long-term returns of mutual funds. (0:42:26) Discover why some fund managers do well and how sector-specific performance influences stock returns. (0:48:28) Unpack why average returns are better than beating the market and what makes index funds tax efficient.  (0:51:08) Find out what makes index funds easy to use and how this results in higher returns in the long term.  (0:55:25) How index funds are consistent with foundational finance theory and why thematic ETFs and sector-specific index funds should be avoided. (1:05:40) The aftershow: Ben shares a personal health update, Rational Reminder news, and a request for listener AMA questions.   Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ Canadian Couch Potato Blog — https://canadiancouchpotato.com/ Canadian Couch Potato Podcast — https://canadiancouchpotato.com/podcast/ Episode 54: Dr. David Blitzer — https://rationalreminder.ca/podcast/54 Episode 124: Prof. Lubos Pastor — https://rationalreminder.ca/podcast/124 Episode 133: Adriana Robertson — https://rationalreminder.ca/podcast/133 Episode 220: Jonathan Berk and Jules van Binsbergen — https://rationalreminder.ca/podcast/220 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 302: Michael Green — https://rationalreminder.ca/podcast/302 Episode 346: Hendrik Bessembinder — https://rationalreminder.ca/podcast/346 Coffeezilla — https://www.youtube.com/@Coffeezilla Coffeezilla: Investing for Idiots — https://www.youtube.com/watch?v=hoGm61I52YQ YCharts — https://ycharts.com/   Papers From Today's Episode:    'The Arithmetic of Active Management' — https://www.tandfonline.com/doi/pdf/10.2469/faj.v47.n1.7 'Sharpening Sharpe's Arithmetic' — https://www.tandfonline.com/doi/full/10.2469/faj.v74.n1.4 'Mutual Fund Flows and Performance in Rational Markets' — https://www.journals.uchicago.edu/doi/abs/10.1086/424739 'Why Indexing Works' — https://onlinelibrary.wiley.com/doi/abs/10.1002/asmb.2271 'Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks' — https://www.tandfonline.com/doi/abs/10.1080/0015198X.2023.2188870 'The Performance of Mutual Funds in the Period 1945-1964' — https://www.jstor.org/stable/2325404 'On Persistence in Mutual Fund Performance' — https://doi.org/10.1111/j.1540-6261.1997.tb03808.x 'Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk' — https://onlinelibrary.wiley.com/doi/full/10.1111/j.1540-6261.1964.tb02865.x 'Passive in name only: Delegated management and index investing' — https://heinonline.org/HOL/LandingPage?handle=hein.journals/yjor36&div=20&id=&page=

By day, Dr. Disha Spath is an internist caring for her patient's physical and mental health.  By night, my she's known as The Frugal Physician and hosts the Finding Financial Freedom podcast. In this episode, Disha shares her personal journey from financial struggles to becoming an advocate for frugality and financial independence. She also discusses the differences between frugal and cheap, the gender wage gap, and strategies to manage income disparities in relationships.  *Trigger warning: There are brief mentions of suicide in this episode.  

開盤前30分鐘，08:30 - 09:00 讓我們一起解讀財經時事 。 參加財經皓角總經訂閱。 新友會員 https://jackalopelin.com 老友會員 https://yutinghao.finance 我的粉絲專頁 https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/rvvqAr 如有疑問，歡迎來信 jackieyutw@gmail.com """"" ♥️ 打賞網址 ：https://p.ecpay.com.tw/B83478D """"" 書名：投資的真理 作者： Charles D. Ellis 譯者： 陳季伶 出版社： 寰宇出版 出版日期： 2024-03-26 https://reurl.cc/A2Mezd (YT抽書的朋友要公開訂閱我們財經皓角頻道唷♥️) (FB抽書的朋友要公開分享直播影片+您想要抽書留言♥️) 《早晨財經速解讀》是游庭皓的個人知識節目，針對財經時事做最新解讀，開播於2019年7月15日，每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學，信息量飽滿，為你顛覆直覺，清理投資誤區，用更寬廣的角度帶你一窺投資的奧秘。 免責聲明：《游庭皓的財經皓角》頻道為學習型頻道，僅用於教育與娛樂目的，無任何證券之買賣建議。任何形式的投資皆涉及風險，投資者需進行自己的研究，持盈保泰。

It's hard to believe, but today's episode marks our fifth annual year-in-review episode — where we look back at some of our favourite conversations and takeaways from the past year! If there's one overarching theme that stood out amongst our guests in 2023 it would be the power of purposeful decision-making to impact our future selves. Tuning in, you'll hear our guests' remarkable views on the topic, from the power of regret when it comes to long-term decisions to the ‘hidden partner' that accompanies us in all our decision-making. Another key theme that emerged is how the role of financial advisors is evolving. Key insights include why your financial advisor should collaborate with other advisors, why trust is essential, and how to prepare your children for wealth. We wrap things up with reflective tips on how to identify what your true goals are with a profound lesson on why setting your own scoreboard is essential. Tune in as we share some of our favourite moments from the past year and look back at the incredible guests we've had on the show in 2023!   Key Points From This Episode:   Our year with the Rational Reminder community: 23 in 23 reading challenge, memorable meetups, live recordings, a shoutout to our community moderators, and more. (0:00:19) Looking back at our conversation with Charles Ellis and Burton Malkiel on why money management is a loser's game and navigating market efficiency. (0:08:42) Pim Van Vliet's insights on the evidence supporting higher expected returns related to certain stock characteristics. (0:16:19) Discussing the relevance (and irrelevance) of dividends and why people tend to view dividends as particularly special, with Professor Samuel Hartzmark. (0:19:42) Our conversation with Will Goetzmann on the value of very long-term data and why historical data is still relevant today. (0:24:58) Nobel laureate, Robert Merton's insights on putting together a long-term asset mix and taking into account your time horizon. (0:32:35) Highlights from our conversation with Professor Francisco Gomes on how asset allocation should (and should not) change over the lifecycle. (0:39:14) Our second interview with David Blanchett on how regret informs our long-term decisions and Daniel Pink's insights on optimizing for future regret. (0:43:58) Hear from Charles Ellis on the most under-appreciated action that every investor should take to be more successful. (0:50:50) Making decisions on personal finance and John Cambell's insights on how household beliefs tend to differ. (0:51:53) Professor Ralph Keeney on why decision-making is the only purposeful way you can influence anything in your life. (0:54:54) Input from Cass Sunstein on the extensive research he's done on decision-making and how acquiring more information can help your decisions. (0:59:25) We hear from Professor Eric Johnson about the ‘hidden partner' that accompanies us when we make decisions and Cass Sunstein explains when we should update our beliefs. (01:03:09) Professor James Choi shares his profound insights on why financial decisions are not always explained by economic theory. (01:10:26) Unpacking the effect of overconfidence on our decision-making with Itzhak Ben-David, along with his key ideas on miscalibration. (01:12:53) Answering the question “How good are we at understanding our future selves?” with Hal Hershfield. (01:17:20) Our conversation with Meir Statman on the third generation of behavioural finance and what that means for decision-making and advice. (01:21:13) Dr. Preet Banerjee's research and insight on the value of having a financial plan. (01:23:48) Talking with YouTuber, Darin Soat, about the struggle to find high-quality financial information online and understanding YouTube as an entertainment-first platform. (01:25:02) Harold Geller on how to determine whether your advisor is properly understanding you and Robert Merton's thoughts on how he views the role of financial advisors. (01:28:27) We hear from Dr. Preet Banerjee on the business of financial advice and how it has changed over time. (01:35:02) Victor Haghani and James White on the topic of intergenerational billionaires and why there are fewer than you might expect. (01:39:21) An update from Rob Carrick on the state of financial planning for the average Canadian in 2023. (01:44:09) Juhani Linnainmaa unpacks the impact of financial advisors on decision-making and the challenges of choosing a financial advisor. (01:48:48) Dr. James Grubman on identifying a financial advisor who understands the importance of Wealth 3.0, why collaboration is key, and how to prepare children for wealth. (01:51:21) A final takeaway from Shane Parrish on taking stock of your year and how to determine what your true goals are. (02:02:28)   Links From Today's Episode:   Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234 Episode 236: Harold Geller — https://rationalreminder.ca/podcast/236 Episode 238: Prof. Ralph Keeney — https://rationalreminder.ca/podcast/238 Episode 240: Prof. Eric J. Johnson — https://rationalreminder.ca/podcast/240 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 246: Daniel H. Pink — https://rationalreminder.ca/podcast/246 Episode 248: Prof. William Goetzmann — https://rationalreminder.ca/podcast/248 Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250 Episode 252: Prof. Burton Malkiel — https://rationalreminder.ca/podcast/252 Episode 254: David Blanchett — https://rationalreminder.ca/podcast/254 Episode 256: Prof. Hal Hershfield — https://rationalreminder.ca/podcast/256 Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258 Episode 260: Prof. James Choi — https://rationalreminder.ca/podcast/260 Episode 262: Prof. Francisco Gomes — https://rationalreminder.ca/podcast/262 Episode 264: Pim van Vliet — https://rationalreminder.ca/podcast/264 Episode 266: Prof. Cass Sunstein — https://rationalreminder.ca/podcast/266 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 269: Preet Banerjee — https://rationalreminder.ca/podcast/269 Episode 270: Victor Haghani and James White — https://rationalreminder.ca/podcast/270 Episode 272: Rob Carrick — https://rationalreminder.ca/podcast/272 Episode 273: Professor Samuel Hartzmark — https://rationalreminder.ca/podcast/273 Episode 275: Live from Future Proof 2023 with Hal Hershfield — https://rationalreminder.ca/podcast/275 Episode 276: Darin Soat — https://rationalreminder.ca/podcast/276 Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278 Episode 280: Shane Parrish — https://rationalreminder.ca/podcast/280 Episode 282: James Grubman —  Episode 224: Scott Cederberg — https://rationalreminder.ca/podcast/224 Winning the Loser's Game: Timeless Strategies for Successful Investing — https://www.amazon.com/Winning-Losers-Game-Strategies-Successful/dp/1264258461 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing — https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 Your Future Self: How to Make Tomorrow Better Today — https://www.halhershfield.com/yourfutureself A Wealth of Well-Being: A Holistic Approach to Behavioral Finance — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675 Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356 Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Clear Thinking: Turning Ordinary Moments into Extraordinary Results — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 30 Lessons for Living — https://www.karlpillemer.com/books/30-lessons-for-living/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP

Bill and Becky chat with Allan Roth today.  Allan is the founder of Wealth Logic, LLC., an hourly-based Investment Advisory and Financial Planning firm that uses behavioral finance, logic, and data to develop a financial approach that will produce significantly higher real returns than most investors for their desired level of risk.  He has been working in the investment world for 25 years in corporate finance and also has additional decades of experience in portfolio construction and performance benchmarking. Allan takes pride in being mocked on a semi-regular basis by some financial professionals for his hourly fee model and its apparent inability to make him rich. He is also the author of How A Second Grader Beats Wall Street and writes for AARP, Barron's, ETF.com, Advisor Perspectives, and others.  Allan has taught investments and behavioral finance at the University of Denver, Colorado College, and the University of Colorado at Colorado Springs and currently teaches continuing education classes on the subject to CPAs, attorneys, and CFP® certificants. Despite the many credentials he has earned, Allan claims he can still keep investing simple and “dares us to be dull” and think like second graders in our investing. His professional goal is never to be confused with Jim Cramer. Connect with us! @catchinguptofi  buy CUtFI a coffee Resources mentioned on the show: Wealth Logic - Dare to be Dull How a Second Grader Beats Wall Street by Allan Roth A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley Prospect Theory Predictably Irrational by Dr. Dan Ariely The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk by Taylor Larimore The Simple Path to Wealth: Your road map to financial independence and a rich, free life by JL Collins How to Think About Money by Jonathan Clements The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle Common Sense on Mutual Funds by John C. Bogle tipsladder.com Fama and French's Three-Factor Model Open Social Security: Free, open-sourced Social Security strategy calculator The Long View Podcast Episode: I Embrace Dumb Beta with Allan Roth Catching Up to Fi Episodes 008 & 009: We're Talking Millions! With Paul Merriman bogleheads.org Morningstar Yahoo Finance Winning the Loser's Game: Timeless Strategies for Successful Investing by Charles D. Ellis 2023 Bogleheads Conference   Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

หนังสือ The Elements of Investing: Easy Lessons for Every Investor ของ Burton G. Malkiel and Charles D. Ellis - การบริหารเงินอย่างไรให้ครบองค์ประกอบ นั่นก็คือการบริหารเงินผ่านความรู้ทางการลงทุนอย่างครบด้าน - ความเก่าแก่ของการลงทุน ก็จะมาเป็นส่วนต่อขยายให้เราทุกคนสามารถหาความรู้ได้เพิ่มเติมมากยิ่งขึ้น - แล้วแน่นอนในสิ่งที่ไม่แน่นอน การลงทุนในดัชนีตลาดจะนำมาซึ่งผลตอบแทนในระยะยาวที่สูงที่สุดแบบดอกเบี้ยทบต้น - ถ้าเราไม่มีความรู้ทางการลงทุนเลย การลงทุนตามจังหวะของเศรษฐกิจและอุตสาหกรรมที่กำลังมีแนวโน้มจะสามารถยืนระยะได้นานมากที่สุด - ทั้งนี้ การกระจายความเสี่ยง หรือการลงทุนแบบออมเงินในหุ้นหรือกองทุน ก็ย่อมเป็นสิ่งที่นักลงทุนหลายคนมองว่าเป็นสิ่งที่ป้องกันความเสี่ยงได้ดีที่สุด

Für die neue Folge #Innovation Pulse war ich bei Christian Miele im Berliner Headline-Office zu Besuch. Christian ist ein besonders wichtiger Kopf in der deutschen Startup-Szene: Er ist nicht nur Partner beim internationalen VC Headline, sondern leitet auch noch den deutschen Startup-Verband, um das Thema Startups & Gründen bei Politikern auf die Agenda zu setzen – mit Erfolg! Im Podcast spricht Christian darüber, welche Projekte er gerade vorantreibt und teilt zudem wertvolle Einblicke aus seinem Job bei Headline, zum Beispiel zur internen Datenanalyse und Unternehmenskultur. Worauf sollte der deutsche Startup-Verband sich eurer Meinung nach als nächstes konzentrieren? Headline: https://headline.com/ Sorare: https://sorare.com/ Startup-Verband: https://startupverband.de/ Buchempfehlung: https://www.amazon.de/-/en/Charles-D-Ellis/dp/0143116126/

When it comes to the world of investing, there are many options available to consumers. The range of financial products available can be overwhelming and confusing. Additionally, investing is not only about the rate of return but also about what you are investing for and why. To help us unpack this complicated subject is Charles Ellis, a highly respected investment consultant and founder of Greenwich Associates, a strategy firm focused on financial institutions. He is also a famous author and has written several books on the topic of finance and investment, such as Winning the Loser's Game which provides readers with insights into making the best financial decisions in an increasingly unpredictable market. In our conversation, we discuss why indexing is the better investment option, how the investment space has changed over time, tailoring your investment decisions to suit your needs and desires, and why looking at the bigger financial picture is essential. We also delve into why investors can be their own worst enemies, what advisors and investors should avoid, the theme of his book Inside Vanguard, various investment strategies, and much more. Tune in and hear insights on indexing, wise investing, and how to win the ultimate game from industry legend Charles Ellis!   Key Points From This Episode:   •    Charles explains what he means by ‘a loser's game' and provides examples. (0:03:51) •    How the perception of active management has changed since publishing Winning the Loser's Game. (0:08:00) •    He unpacks how the market and market competition has changed since 1975. (0:10:33) •    Whether the sentiment towards active management has become too negative. (0:17:24) •    Discover why Charles thinks indexing is the best and preferred investment option. (0:19:22) •    His opinion on low-cost systematic strategies that seek higher expected returns in the market by owning riskier stocks. (0:24:55) •    Why investors and advisors should avoid trying to time or beat the market. (0:27:19) •    The value and importance of a well-defined investment policy statement. (0:33:34) •    Find out how investors can protect themselves from themselves. (0:34:58) •    An underappreciated approach that investors can take to be more successful. (0:36:26) •    Hear whether fee differentials between index and active strategies are understood well. (0:37:17) •    Charles shares how his mindset has changed over the course of his career. (0:41:47) •    Find out if institutions and endowments respect low-cost index investing. (0:42:42) •    What he thinks about bringing exotic asset classes to retail investors. (0:44:45) •    Reasons why investment management should be considered a full-time profession. (0:46:50) •    The biggest opportunities he sees in future for investment management. (0:49:20) •    Hear about the difference between price discovery and value discovery. (0:50:09) •    Discover why Vanguard has been so successful as a company. (0:53:27) •    The theme of his book, Inside Vanguard, and if it relates to other businesses. (0:58:17) •    Lessons he has learned regarding personal motivation and productivity. (1:00:28) •    Charles tells us his definition of success. (1:03:35) •    An outtake from the episode: the role of luck. (1:05:21)     Participate in our 23 in 23 Reading Challenge: 23 in 23 Reading Challenge — https://rationalreminder.ca/23in23 23 in 23 Reading Challenge on Beanstalk — https://pwlcapital.beanstack.org/   Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-244-the-losers-game-episode-discussion/22558   Books From Today's Episode: Winning the Loser's Game: Timeless Strategies for Successful Investing — https://amzn.to/3FrNKmt Inside Vanguard — https://amzn.to/3TlwrcG What It Takes: Seven Secrets of Success from the World's Greatest Professional Firms — https://amzn.to/3Thgm7z Capital: The Story of Long-Term Investment Excellence — https://amzn.to/3FpiHb5 Figuring It Out: Sixty Years of Answering Investors' Most Important Questions — https://amzn.to/3LknZZ8   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.  Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore

Over the past several decades, asset management has transformed from a small industry with a few experts competing against a majority of amateurs in the market to a market saturated with well-equipped and highly resourced experts competing against each other.   When I think about my pantheon of all-time great investment thinkers and writers, our guest today stands out as one of the industry's legends. Charley Ellis has played the most significant role in how I think about the investment industry, and I can't think of anyone better to talk about the industry's evolution.   Dr. Charles D. Ellis is the founder and former managing partner of Greenwich Associates, an international consultancy where he advised large institutional investors, foundations, and government organizations in more than 130 financial markets across the globe. Through that lens, he has been a keen observer of what works in organizations and markets for the last half-century. For nine years, Charley was chair of the Investment Committee at Yale, his alma mater, where he worked closely with its legendary Chief Investment Officer, David Swensen. He also served as a director of the Vanguard Group from 2001 to 2009. Charlie is a Harvard Business School graduate and has taught advanced investing courses at both Yale and Harvard. The CFA Institute recognized him as one of the twelve leading contributors to the investment profession, and along the way, Charlie has published nineteen books.   In this episode, Tano, Charley, and I discuss what inspired him to found Greenwich Associates, what goes into identifying the right questions to ask, how the industry has shifted from a winner's game to a loser's game, the massive changes in the asset management industry since the founding of Greenwich Associates, lessons from the Yale endowment model, Charley's book recommendations, and so much more!       Key Topics:   Welcome Charley to the show (1:13) How Charley's early experience at Donaldson, Lufkin & Jenrette inspired the concept for Greenwich Associates (3:07) Structuring research and gathering the right kinds of questions (7:51) How Charley developed a passion for sharing insights with the public at large (10:00) The dual roles of academia and the industry itself in the evolution of the asset management industry (11:46) Simon Ramo and The Loser's Game (13:33) Massive changes in the asset management industry since Charley founded Greenwich Associates (19:07) Why it was much easier for active managers to beat the market in the early days of the industry (25:03) Understanding the relentless pace of competition (29:35) The importance of actively determining the right investment strategy for you (32:44) Charley's perspective on the legacy of Vanguard's Jack Bogle (37:26) Why Charley cites John Neff as the best active manager of his time (43:27) David Swenson's capacity for innovative thinking (46:51) Lessons from the Yale endowment model (51:02) Highlights from Charley's book, Capital (58:38) Essential elements of creating and perpetuating a great culture (1:00:06) Why the willingness to address problems head-on is crucial in sustaining excellence (1:02:30) Charlie's excitement about our education system (1:06:19) Which overlooked issue does Charlie wish garnered more attention? (1:07:07) Charley's book recommendations (1:12:09) And much more!       Mentioned in this Episode:   Charley Ellis' Books Figuring It Out: Sixty Years of Answering Investors' Most Important Questions Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business Winning the Loser's Game: Timeless Strategies for Successful Investing Capital: The Story of Long-Term Investment Excellence What It Takes: Seven Secrets of Success from the World's Greatest Professional Firms Charley Ellis' Articles The Loser's Game In Defense of Active Investing Burton G. Malkiel's Book | A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy Neil deGrasse Tyson's Book | Astrophysics for People in a Hurry     Thanks for Listening!   Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu.   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!

Learn key takeaways and actionable insights from "The Loser's Game" by Charles D. Ellis. Ellis' classic article was published in 1975 and won the Graham & Dodd award in 1977. The wisdom is timeless and usable. Hope you enjoy!

頻道：www.youtube.com/c/writermeta 官網：www.writermeta.com 可以私訊梅塔成為vvip： https://www.facebook.com/creatormeta --- Send in a voice message: https://anchor.fm/creatormeta/message

每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人：游庭皓（經濟日報專欄作家、小一輩財經人話翻譯機） 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://ssur.cc/S8Uqpr 歡迎來信給小編幫您處理 jackieyutw@gmail.com 書名：投資的奧義 作者： 柏頓．墨基爾, 查爾斯．艾利斯 原文作者： Burton G. Malkiel, Charles D. Ellis 譯者： 許瑞宋 出版社：今周刊 出版日期：2022/06/30 https://reurl.cc/XVjemM 《早晨財經速解讀》是游庭皓的個人知識節目，針對財經時事做最新解讀，開播於2019年7月15日，每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學，信息量飽滿，為你顛覆直覺，清理投資誤區，用更寬廣的角度帶你一窺投資的奧秘。 免責聲明：《游庭皓的財經皓角》頻道為學習型頻道，僅用於教育與娛樂目的，無任何證券之買賣建議。任何形式的投資皆涉及風險，投資者需進行自己的研究，持盈保泰。

Las inversiones pueden ser un tema complejo para las personas que no están familiarizadas con la industria y desean adentrarse en ella, además, con el avance de la tecnología y las nuevas modalidades de inversión puede ser abrumador pensar en cuál es la mejor opción para empezar, y si a esto le agregamos que hay bastante información falsa en redes sociales y en Internet en general, acerca de “técnicas mágicas” con resultados exorbitantes para hacer dinero rápido, este reto te puede parecer un meta cuesta arriba. Este episodio de Despierta Tus Finanzas conversamos con Giampiero Riccio (@riccioandassociates) acerca de las inversiones, las verdades y mitos alrededor de estas, su funcionamiento en el mercado, la democratización de este método de monetización, qué son los fondos mutuales y los ETF (Exchange-traded fund), cuál es la dinámica de estos actualmente, y cómo se relacionan con el mercado de inversiones. Recomendaciones: Libro: Winning the Loser's Game de Charles D. Ellis Libro: Un paseo aleatorio por Wall Street de Burton Malkiel (En inglés: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing) Libro: Contra los Dioses: La extraordinaria historia del riesgo de Peter L. Bernstein (En inglés: Against the Gods: The Remarkable Story of Risk) Página web de Giampiero Riccio: www.riccionandassociates.com _________ ¿Te gustó el episodio? Déjame un rating ★★★★★ y review al podcast. Así juntos construimos una comunidad de inteligencia financiera más fuerte. _________ ¡Evolucionamos! Ahora somos Despierta Tus Finanzas podcast. Escucha nuestros episodios anteriores bajo el nombre de Finanzas Orgánicas. Descarga GRATIS nuestro e-book "Retos y Caminos hacia el Bienestar Financiero" Si buscas mejorar tu gestión de dinero, únete a nosotros en el programa Despierta Tus Finanzas™ Únete a nuestra comunidad en Instagram: @juliofinance | @fintelhub Visita la web de Fintelhub

Podcast: The Long View (LS 52 · TOP 0.5% what is this?)Episode: Jason Zweig: Temperament Is Everything for Most InvestorsPub date: 2021-06-29Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.The podcast and artwork embedded on this page are from Morningstar, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: The Long View (LS 55 · TOP 0.5% what is this?)Episode: Jason Zweig: Temperament Is Everything for Most InvestorsPub date: 2021-06-29Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.The podcast and artwork embedded on this page are from Morningstar, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Dr. Charles D. Ellis is the founder and former managing partner of Greenwich Associates, an international consultancy where he advised large institutional investors, foundations, and government organizations in more than 130 financial markets across the globe. He taught investment management courses at the Yale School of Management and at Harvard Business School. He sat on the Board of Directors of The Vanguard Group. In addition, Charley was a successor trustee of Yale University, where he chaired the university's investment committee with David Swensen. He is the author of a number of books including Winning the Loser's Game, which has recently come out in its 8th edition. In the podcast, we talk about: Why it has become harder for investors to outperform the market The rise of highly professional investors The difficulty of finding good investment managers The poor returns of investment managers The importance of time in assessing performance Market timing versus factor investing The impact of monetary policy on markets The problem with bond investing Outlook for equity returns Understanding your total portfolio Think over long time horizons and importance of character Benefit from intelligence of others through index investing Books/articles that influenced Charley: Warren Buffet's annual letters, The Theory of Investment Value (John Burr Williams), Common Stocks and Uncommon Profits and Other Writings (Philip Fisher), Security Analysis (Graham and Dodd), Inside the Yield Book (Martin Leibowitz), Pioneering Portfolio Management (David Swensen)

Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.

Our guest on the podcast is investment consultant and author Charley Ellis. In 1972, Ellis founded Greenwich Associates, an investment consultant to institutional investors, government organizations, and wealthy families. His seminal book about the benefits of passive investing, Winning the Loser's Game, is in its seventh edition. Ellis has also authored or coauthored books about investment policy and strategy, the retirement system in the United States, and large investment firms, including Goldman Sachs and Capital Group. He has taught investment management courses at the Yale School of Management and Harvard Business School and was the successor trustee of Yale University, where he chaired the university's investment committee with David Swensen. He also served on the board of directors at The Vanguard Group. Ellis was awarded the Graham & Dodd Award of Excellence from the Financial Analysts Journal and is one of only 12 people recognized by the CFA Institute for lifetime contributions to the investment profession. He received his undergraduate degree from Yale College, his Master of Business Administration from Harvard Business School, and his doctorate in financial economics at New York University.BackgroundCharley Ellis bioCharley Ellis books "The Loser's Game," by Charles D. Ellis, Financial Analysts Journal, July/August 1975. "Words From the Wise: Charley Ellis on Challenges Facing Investors," by Antti Ilmanen and Rodney N. Sullivan, AQR Insights, June 5, 2015. Passive vs. Active Management"How to Decide Where to Hire Active Managers," by Alex Bryan, Morningstar.com, April 8, 2020.Regulation Fair Disclosure (Reg FD) Jim Simons bio "Index Funds Aren't Too Big, but Asset Managers Might Be," by John Rekenthaler, Morningstar.com, Jan. 17, 2020. "The Secret History of Index Mutual Funds," by Stephen Mihm, InvestmentNews, Sept. 6, 2016. ESG Investing"David Blood and Al Gore Want to Reach the Next Generation," by Imogen Rose-Smith, Institutional Investor, Sept. 8, 2015. "The ESG Fund Universe Is Rapidly Expanding," by Jon Hale, Morningstar.com, March 19, 2020. Private Equity"Vanguard Moves into Private Equity with HarbourVest Partnership," by Chris Flood, Robin Wigglesworth, and Richard Henderson, Financial Times, Feb. 5, 2020. "The Cons (and Pros) of Vanguard's Decision to Offer Private Equity," by John Rekenthaler, Morningstar.com, Feb. 25, 2020. "Fran Kinniry: Applying the Vanguard Approach to Private Equity," by Christine Benz and Jeffrey Ptak, Morningstar's The Long View podcast, April 1, 2020. "SEC Looking to Open Private Markets to a Wider Audience,” by Hazel Bradford, Pensions & Investments, Oct. 28, 2019. David Swensen/Yale EndowmentDavid Swensen bio David Swensen books Yale University Endowment Yale's Strategy 

Things are changing on a daily basis secondary to COVID-19. In these unprecedented times, there are a lot of financial concerns people are likely having. On this episode sponsored by APhA, Tim Baker, CFP® answers questions about investing, the uncertainty of work and student loans. Mentioned on the Show Join APhA - Get 25% off Your Membership with Code: YFP2020 YFP Planning CARES Act APhA & YFP: Financial Education  Ally Bank YFP 072: Investing Mind Tricks: How Behavioral Bias Affects our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Robo or Hire a Planner? YFP 076: Investing Rapid Fire Q&A Seven Figure Pharmacist by Tim Church and Tim Ulbrich The Index Revolution: Why Investors Should Join it Now by Charles D. Ellis and Burton G. Malkiel MONEY Master the Game: 7 Steps to Financial Freedom by Tony Robbins APhA & YFP Webinars CIT Bank File Your Taxes with YFP YFP Facebook Group NSLDS Refinance Your Student Loans YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness YFP 078: Is Pursuing the Public Service Loan Forgiveness Program a Waste? YFP 114: Presidential Candidates’ Plans for Student Loan Forgiveness w/ Richard Waithe, PharmD Ask a YFP CFP® a Question

Investing

Are you struggling to figure out how to work your finances so that you can build a really solid financial future for yourself and your children? If so, you will really benefit from listening to today's show, with Tanya Steinhoff, a Financial Advisor and also a local mom!  Listen in, as Tanya helps you understand how to take ownership of your financial life. It can be really hard to make the right decisions about money, over time, as the children get older and things evolve and change. Tanya works with young families and also with single mothers after their divorce, helping them to understand their money and budget. She shows them a good way of thinking about how to budget and helps them to move forward with the different phases that everybody seems to go through, in their journey towards retirement. Listen in today, as Tanya talks about some things that would be helpful to you, as single parents and offers you a great number of resources and books to read, to build a good, solid financial future.   Show Highlights: Tanya talks about her background and about what she focuses on, in her business. How Tanya actually helps people and the services that she provides. The importance for newly divorced women to understand that they need to take responsibility for their finances. Great books to read to help adults and even kids understand more about finances and investments. Why Tanya really believes in educating people about their money. How Tanya helps to get her clients get up to speed on budgeting and cash flow. That some people struggle to come to terms with a new lifestyle, after a divorce. Not talking to your kids about money, or your financial limitations will eventually do them more harm than good. You really need to understand and move beyond the baggage that you carry from childhood, around money issues.  Tanya's ongoing assistance for her clients Tanya's focus on her client's human capital, and it's real worth to them in their career, or to make money. Why you need to have an Emergency Cushion and how to create one. Some great tips for investing. Links: Tanya's website: www.redwoodgrovewm.com   Tanya can also be found on Facebook, Twitter, and Linkedin. Books: Prince Charming Isn't Coming by Barbara Stanner            The Elements Of Investing by Burton Malkiel and Charles D. Ellis            Raising Financially Fit Kids by Joline Godfrey

Bloomberg View columnist Barry Ritholtz interviews Charles D. Ellis, who founded the international strategy consulting firm Greenwich Associates in 1972. He now serves as an investing consultant to large institutional investors, government organizations and wealthy families. His latest book is “The Index Revolution.” This commentary aired on Bloomberg Radio.

Jan. 20 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Charles D. Ellis, who founded the international strategy consulting firm Greenwich Associates in 1972. He now serves as an investing consultant to large institutional investors, government organizations and wealthy families. His latest book is “The Index Revolution.” This commentary aired on Bloomberg Radio.