Money For the Rest of Us

David converses with renowned illustrator and financial philosopher Carl Richards on the abstraction of money, attention capital, distinguishing risk from uncertainty, and the importance of taking microactions. Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter [https://moneyfortherestofus.com/insiders-guide/] Our Premium Products Asset Camp [https://assetcamp.com/] Money for the Rest of Us Plus [https://moneyfortherestofus.com/hub/] Show Notes Carl Richard's website, Behavior Gap [https://behaviorgap.com/] Your Money: Reimagining Wealth in 97 Simple Sketches by Carl Richards [https://harriman-house.com/authors/carl-richards/your-money/9781804091715] Related Episodes 496: Are You Taking Enough Aspirational Risk? [https://moneyfortherestofus.com/496-aspirational-risk/] 394: How to Get Better at Risk Taking [https://moneyfortherestofus.com/394-improve-risk-taking/] 135: Embrace the Messiness [https://moneyfortherestofus.com/mny135-embrace-messiness/] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

A new executive order could radically reshape retirement investing by allowing private equity, crypto, and gold in 401(k) plans. This episode examines the factors driving the demand for alternative assets in defined-contribution plans, the potential risks to everyday investors, and why fiduciary rules and financial literacy gaps still matter. Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter [https://moneyfortherestofus.com/insiders-guide/] Our Premium Products Asset Camp [https://assetcamp.com/] Money for the Rest of Us Plus [https://moneyfortherestofus.com/hub/] Show Notes Trump Executive Order to Help Open Up 401(k)s to Private Markets by Miriam Gottfried, Dylan Tokar, and Matt Wirz—The Wall Street Journal [https://www.wsj.com/finance/investing/trump-executive-order-to-help-open-up-401-k-s-to-private-markets-c90c6788] Donald Trump set to open US retirement market to crypto investments by Antoine Gara, Jamie John, and Stephanie Stacey—The Financial Times [https://www.ft.com/content/07906211-5ab8-4917-bcad-5397c0bc3170] U.S. Labor Department Allows Private Equity in 401(k) Plans by Chris Cumming—The Wall Street Journal [https://www.wsj.com/articles/u-s-labor-department-allows-private-equity-in-401-k-plans-11591229396] U.S. Department of Labor Supplement Statement on Private Equity in Defined Contribution Plan Designated Investment Alternatives—U.S. Department of Labor [https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/information-letters/06-03-2020-supplemental-statement] State Street New TDF Includes Private Assets by PSCA Net Staff—PSCA [https://www.psca.org/news/psca-news/2025/4/state-street-new-tdf-includes-private-assets/] The Power of Private Markets by Robert Crothers et al.—BlackRock [https://www.blackrock.com/us/individual/literature/whitepaper/power-of-private-markets-dc-plans.pdf] UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT OPINION No. 22-16268 [https://cdn.ca9.uscourts.gov/datastore/opinions/2025/05/22/22-16268.pdf] The Relentless Ask: Private Markets Are Eating the World by Michael Batnick—The Irrelevant Investor [https://www.theirrelevantinvestor.com/p/the-relentless-ask-bfae] Don’t Buy Into This Easy Fix for Stock-Market Craziness by Jason Zweig—The Wall Street Journal [https://www.wsj.com/finance/investing/stock-market-craziness-alternative-funds-7df17b9c] The Private Equity Boom Is Leaving Midsize Players Behind by Preeti Singh and Laura Benitez—Bloomberg [https://www.bloomberg.com/news/articles/2025-07-22/private-equity-s-vast-middle-suffers-in-search-for-fresh-funds] 401(k) Retirement Plans: Many Participants Do Not Understand Fee Information, but DOL Could Take Additional Steps to Help Them—U.S. Government Accountability Office [https://www.gao.gov/products/gao-21-357] DEFINED CONTRIBUTION PLANS AND THE CHALLENGE OF FINANCIAL ILLITERACY by Jill E. Fisch, Annamaria Lusardi, and Andrea Hasler—Cornell [https://publications.lawschool.cornell.edu/lawreview/wp-content/uploads/sites/2/2020/03/Fisch-et-al.-final.pdf] On Endowments and Unintended Consequences by Paul Kedrosky—Paul Kedrosky [https://paulkedrosky.com/on-endowments-and-unintended-consequences/] Related Episodes 509: How to Invest in Private Credit / Direct Lending? [https://moneyfortherestofus.com/509-how-to-invest-in-private-credit-direct-lending/] 497: How to Fix the Retirement Savings Crisis [https://moneyfortherestofus.com/497-how-to-fix-the-retirement-savings-crisis/] 490: Should You Invest in Private Equity? [https://moneyfortherestofus.com/490-private-equity/] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

We explore the compelling questions surrounding artificial intelligence. Will AI create more new jobs than it destroys? Is AI already destroying jobs? Are we seeing overinvestment in companies and infrastructure in the AI space? Is there evidence that AI has increased productivity? Sponsors Money for the Rest of Us Plus [https://moneyfortherestofus.com/join] Asset Camp [https://assetcamp.com/] Show Notes Behind the Curtain: A white-collar bloodbath by Jim VandeHei and Mike Allen—Axios [https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic] Yuval Noah Harari Statement - Post by Nunki08—Reddit [https://www.reddit.com/r/singularity/comments/1lid8a7/yuval_noah_harari_says_you_can_think_about_the_ai/] Challenger Report June 2025—Challenger, Gray & Christmas [https://www.challengergray.com/wp-content/uploads/2025/07/Challenger-Report-June-2025.pdf] Entry level jobs fall by nearly a third since ChatGPT launch by Karl Matchett—The Independent [https://www.the-independent.com/news/business/jobs-chatgpt-ai-automation-adzuna-b2779656.html] Strategic Insights for M&A in the Evolving AI Market—S&P Global [https://www.spglobal.com/market-intelligence/en/news-insights/research/strategic-insights-for-m-and-a-in-the-evolving-ai-market] Nvidia Becomes First Public Company Worth $4 Trillion by Tripp Mickle—The New York Times [https://www.nytimes.com/2025/07/10/technology/nvidia-4-trillion-market-value.html] Silicon Valley is racing to build the first $1trn unicorn—The Economist [https://www.economist.com/business/2025/07/10/silicon-valley-is-racing-to-build-the-first-1trn-unicorn] How to use generative AI to augment your workforce by Betsy Vereckey—MIT Management [https://mitsloan.mit.edu/ideas-made-to-matter/how-to-use-generative-ai-to-augment-your-workforce] Humans must remain at the heart of the AI story by Marc Benioff—The Financial Times [https://www.ft.com/content/3db52a71-7660-405d-9e5e-42a97d2d64ca] The AI Industry Is Radicalizing by Matteo Wong—The Atlantic [https://www.theatlantic.com/technology/archive/2025/07/ai-radicalization-civil-war/683460/] TASKS, AUTOMATION, AND THE RISE IN U.S. WAGE INEQUALITY by DARON ACEMOGLU AND PASCUAL RESTREPO—Econometrica [https://economics.mit.edu/sites/default/files/2022-10/Tasks%20Automation%20and%20the%20Rise%20in%20US%20Wage%20Inequality.pdf] MyPillow CEO’s lawyers fined for AI-generated court filing in Denver defamation case by Olivia Prentzel—The Colorado Sun [https://coloradosun.com/2025/07/07/mike-lindell-attorneys-fined-artificial-intelligence/] Which Workers Will A.I. Hurt Most: The Young or the Experienced? by Noam Scheiber—The New York Times [https://www.nytimes.com/2025/07/07/business/ai-job-cuts.html?smid=nytcore-ios-share&referringSource=articleShare] Generative AI at Work by Erik Brynjolfsson, Danielle Li, Lindsey Raymond—Oxford Academic [https://academic.oup.com/qje/article/140/2/889/7990658] The Illusion of Thinking: Understanding the Strengths and Limitations of Reasoning Models via the Lens of Problem Complexity by Parshin Shojaee et al.—Apple [https://ml-site.cdn-apple.com/papers/the-illusion-of-thinking.pdf] Related Episodes 507: Where You Live Matters – How Geography Contributes to Wealth [https://moneyfortherestofus.com/507-where-you-live-matters-how-geography-contributes-to-wealth/] 457: AI’s Fork in the Road: Societal Bliss or Existential Threat [https://moneyfortherestofus.com/457-ai-crossroad/] 439: How and Why to Invest in AI [https://moneyfortherestofus.com/439-invest-in-ai/] 417: Will Generative AI Replace Your Job? [https://moneyfortherestofus.com/417-will-ai-replace-jobs/] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

How the investing landscape is being reshaped by the global race for critical minerals. Topics covered in this conversation between FEG's Greg Dowling and private equity firm Kinterra Capital's co-founders, Cheryl Brandon and Kamal Toor include: * How mining and mineral processing work * What are critical minerals, what is driving the demand for them, and will it continue * How the rise of passive management has led to underinvestment in mining * How to reconcile care for the environment and the need to mine critical minerals * What are the attributes that contribute to successful private capital investments * Why querying ChatGPT is insufficient to get up to speed on an investing topic, and what to do instead. Episode Sponsors Delete Me – Use code David20 to get 20% off [https://joindeleteme.com/david20] Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter [https://moneyfortherestofus.com/insiders-guide/] Our Premium Products Asset Camp [https://assetcamp.com/] Money for the Rest of Us Plus [https://moneyfortherestofus.com/hub/] Show Notes FEG Insight Bridge episode page with transcript [https://www.feg.com/insight-bridge-podcast/mining-for-alpha-featuring-kinterra-capital] Kinterra Capital [https://www.kinterracapital.com/] Related Episodes 526: The Future of Power: Energy at a Crossroads with Scott Harland [https://moneyfortherestofus.com/526-future-of-energy/] 384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It? [https://moneyfortherestofus.com/384-commodity-supercycle/] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].

We examine how robo-advisors have evolved over the past decade to determine if their services justify the fees they charge. Topics covered include: * How large are the top 5 robo-advisors * Robo-advisor fees * Robo-advisor holdings * Why robo-advisors are turning toward direct indexing for tax loss harvesting * How much excess return does tax loss harvesting generate * Who can benefit from using robo-advisors Sponsors Asset Camp [https://assetcamp.com/] LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs [https://linkedin.com/david] Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter [https://moneyfortherestofus.com/insiders-guide/] Our Premium Products Asset Camp [https://assetcamp.com/] Money for the Rest of Us Plus [https://moneyfortherestofus.com/hub/] Show Notes The Tax Benefits of Direct Indexing, and How They Are Affected by the Biden Tax Plan by Nathan Sosner et al.—SSRN [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3841727] An Empirical Evaluation of Tax-Loss Harvesting Alpha by Shomesh Chaudhuri et al.—SSRN [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3351382] Related Episodes 398: When Should You Hire An Investment Advisor? Two Case Studies [https://moneyfortherestofus.com/398-when-to-hire-an-investment-advisor/] 92: What Robo-Advisors Recommend [https://moneyfortherestofus.com/episode-92-robo-advisors-recommend-2/] See Privacy Policy at https://art19.com/privacy [https://art19.com/privacy] and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info [https://art19.com/privacy#do-not-sell-my-info].