The Rational Reminder Podcast

The Rational Reminder Podcast

Podcast door Benjamin Felix, Cameron Passmore, and Dan Bortolotti

A weekly reality check on sensible investing and financial decision-making, from three Canadians. Hosted by Benjamin Felix, Cameron Passmore, and Dan Bortolotti, Portfolio Managers at PWL Capital.

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episode Episode 360 – Gerard O'Reilly: The Components of Net Returns artwork
Episode 360 – Gerard O'Reilly: The Components of Net Returns

What if “just buying the market” isn’t the end of the story? In this episode, we are joined by Gerard O’Reilly, Co-CEO and Co-CIO of Dimensional Fund Advisors, for a deep dive into what really drives net investment returns. Gerard returns to the Rational Reminder podcast to explain the key principles that differentiate Dimensional’s approach from traditional indexing—and why implementation, flexibility, and detail matter so much more than investors might think. We explore the concept of hidden costs in index investing, how index reconstitution and trading frictions erode returns, and the nuanced decisions that shape a market portfolio: defining the market, excluding low-returning stocks, optimizing tax efficiency, and more. Gerard breaks down how Dimensional’s rules-based, evidence-backed process improves outcomes through smart exclusions (like IPOs and high asset-growth firms), precise trading, securities lending, and better handling of corporate actions. From the dangers of chasing low fees to the surprising benefits of thoughtful execution, this conversation is a masterclass in next-level investing.   Key Points From This Episode:   (0:01:07) Why Gerard was invited back: Dimensional’s approach to hidden costs and net returns. (0:02:38) Looking beyond “index good, fees bad”—why investors should dig deeper. (0:04:21) Gerard’s background: From Caltech rocket scientist to Dimensional co-CEO. (0:06:22) How Dimensional differs from market-cap weighted index funds. (0:08:42) Four components of net returns: Two increase returns, two decrease them. (0:12:45) Defining the market: Free float, liquidity thresholds, and dynamic inclusion. (0:17:52) How small-cap index definitions can create return differentials as high as 10%. (0:22:03) What securities Dimensional excludes—and why: low-profitability growth, high asset growth, IPOs, and REITs. (0:29:26) Why IPOs are excluded for 6–12 months and the mechanics behind inclusion. (0:33:16) Why Dimensional’s exclusions aren’t like traditional active management. (0:35:09) The “Great British Bake-Off” analogy: baking better portfolios with the same ingredients. (0:38:13) How securities lending boosts returns—and how Dimensional does it better. (0:42:09) Managing corporate actions (like M&A) to reduce cash drag. (0:45:18) How Dimensional deals with buybacks and new share issuance.  (0:47:29) Momentum, short-term reversals, and securities lending fees as trading signals. (0:50:36) Why Dimensional may lend out stocks that have negative momentum. (0:52:42) How trading costs affect net returns and Dimensional’s execution edge. (0:56:06) Hidden costs of indexing: Index fund rebalancing and price impact. (1:03:19) Why focusing solely on fees is misleading—and what “value for service” really means. (1:06:18) DFUS: A case study of Dimensional’s market series outperforming index funds. (1:08:44) How Dimensional builds portfolios with intentional tilts toward higher expected returns. (1:12:35) What excites Gerard: Expanding access, ETF innovations, and global growth.   Links From Today’s Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p [https://calendly.com/d/3vm-t2j-h3p] Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 [https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582]. Rational Reminder Website — https://rationalreminder.ca/ [https://rationalreminder.ca/]  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ [https://www.instagram.com/rationalreminder/] Rational Reminder on X — https://x.com/RationalRemind [https://x.com/RationalRemind]Rational Reminder on TikTok — www.tiktok.com/@rationalreminder [https://www.tiktok.com/@rationalreminder?_t=8oTz7ldhMc1&_r=1&fbclid=IwZXh0bgNhZW0CMTAAAR1Z4A-2rKqQTivvuyU1-PssL9xfJn5myyaps6kQypAwHm7aL66qSajEhI0_aem_puLPWAK_S3Gk2bEmdXjohg] Rational Reminder on YouTube — https://www.youtube.com/channel/ [https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw] Rational Reminder Email — info@rationalreminder.ca [info@rationalreminder.ca]Benjamin Felix — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Benjamin on X — https://x.com/benjaminwfelix [https://x.com/benjaminwfelix] Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ [https://www.linkedin.com/in/benjaminwfelix/] Cameron Passmore — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Cameron on X — https://x.com/CameronPassmore [https://x.com/CameronPassmore] Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ [https://www.linkedin.com/in/cameronpassmore/] Gerard O’Reilly — https://www.dimensional.com/us-en/bios/gerard-k-oreilly [https://www.dimensional.com/us-en/bios/gerard-k-oreilly] Dimensional Fund Advisors: https://www.dimensional.com/ [https://www.dimensional.com/] Episode 322: Marco Sammon — https://rationalreminder.ca/podcast/322Marco Sammon  [https://rationalreminder.ca/podcast/322Marco] Episode 198: Gerard O’Reilly — https://rationalreminder.ca/podcast/198 [https://rationalreminder.ca/podcast/198]

05 jun 2025 - 1 h 15 min
episode Episode 359 - The Most Controversial Topics in Personal Finance artwork
Episode 359 - The Most Controversial Topics in Personal Finance

For the first time as a host combination, Ben, Dan, and Cameron sit down to discuss the most controversial topics in personal finance. We begin with identity and how it informs decision-making. Then, we revisit the renting versus buying debate, why this remains a highly controversial topic, the ins and outs of income investing, and understating the fervor of dividend investing. We also unpack FIRE as a branch of self-help; how it informs happiness; and how personality influences one’s approach to the FIRE principle. To end, we closely examine Bill Bengen’s 4% rule, and the Aftershow encourages us to maintain high podcasting standards while revealing what you can look forward to in our latest Rational Reminder t-shirt release.    Key Points From This Episode:   (0:01:25) Cameron’s positive LinkedIn experience regarding insurance.  (0:08:10) How identity informs decision-making.  (0:15:24) Why renting versus buying a home remains a controversial topic.  (0:27:50) Income investing, covered calls, and the fervor of dividend investing. (0:46:34) FIRE: Financial independence, retire early. (0:54:36) Unpacking FIRE as a branch of self-help, and the role of FIRE in happiness.  (1:07:07) How personality and identity inform one’s approach to FIRE. (1:10:34) Addressing the 4% rule.  (1:14:16) The Aftershow: Setting and keeping high standards, and Rational Reminder t-shirts.    Links From Today’s Episode: Meet with PWL Capital — https://calendly.com/d/3vm-t2j-h3p [https://calendly.com/d/3vm-t2j-h3p] Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 [https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2]. Rational Reminder Website — https://rationalreminder.ca/ [https://rationalreminder.ca/]  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ [https://www.instagram.com/rationalreminder/] Rational Reminder on X — https://x.com/RationalRemind [https://x.com/RationalRemind]Rational Reminder on TikTok — https://www.tiktok.com/@rationalreminder [https://www.tiktok.com/@rationalreminder?_t=8oTz7ldhMc1&_r=1&fbclid=IwZXh0bgNhZW0CMTAAAR1Z4A-2rKqQTivvuyU1-PssL9xfJn5myyaps6kQypAwHm7aL66qSajEhI0_aem_puLPWAK_S3Gk2bEmdXjohg] Rational Reminder on YouTube — https://www.youtube.com/channel/ [https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw] Rational Reminder Email — info@rationalreminder.ca [info@rationalreminder.ca]  Rational Reminder Merchandise — https://shop.rationalreminder.ca/ [https://shop.rationalreminder.ca/] Benjamin Felix — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Benjamin on X — https://x.com/benjaminwfelix [https://x.com/benjaminwfelix] Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ [https://www.linkedin.com/in/benjaminwfelix/] Cameron Passmore — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Cameron on X — https://x.com/CameronPassmore [https://x.com/CameronPassmore] Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ [https://www.linkedin.com/in/cameronpassmore/]  Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ [https://www.linkedin.com/in/dan-bortolotti-8a482310/]  Episode 358: Eli Beracha: An Academic Perspective on Renting vs. Owning a Home — https://rationalreminder.ca/podcast/358 [https://rationalreminder.ca/podcast/358]  Episode 214: Jay Van Bavel: Shared Identities and Decision Making — https://rationalreminder.ca/podcast/214 [https://rationalreminder.ca/podcast/214]   Episode 260: Prof. James Choi: Practical Finance — https://rationalreminder.ca/podcast/260 [https://rationalreminder.ca/podcast/260]  Episode 273: Professor Samuel Hartzmark: Asset Pricing, Behavioural Finance, and Sustainability Rankings — https://rationalreminder.ca/podcast/273 [https://rationalreminder.ca/podcast/273]   Episode 95: Scott Rieckens (Playing with FIRE): Finding Financial Education, Perspective, and Freedom — https://rationalreminder.ca/podcast/95 [https://rationalreminder.ca/podcast/95]  Episode 258: Prof. Meir Statman: Financial Decisions for Normal People — https://rationalreminder.ca/podcast/258 [https://rationalreminder.ca/podcast/258]   Bonus Episode - Prof. Meir Statman: A Wealth of Well-Being — https://rationalreminder.ca/podcast/2024/4/18/bonus-episode-prof-meir-statman-a-wealth-of-well-being [https://rationalreminder.ca/podcast/2024/4/18/bonus-episode-prof-meir-statman-a-wealth-of-well-being]   Episode 230: Prof. Robert Frank: Success, Luck, and Luxury — https://rationalreminder.ca/podcast/230 [https://rationalreminder.ca/podcast/230]   Episode 135: William Bengen: The 5% Rule for Retirement Spending — https://rationalreminder.ca/podcast/135 [https://rationalreminder.ca/podcast/135]  Episode 164: Comprehensive Overview: The 4% Rule — https://rationalreminder.ca/podcast/164 [https://rationalreminder.ca/podcast/164]   Episode 357: AMA #6 — https://rationalreminder.ca/podcast/357 [https://rationalreminder.ca/podcast/357]  Morgan Housel — https://www.morganhousel.com/ [https://www.morganhousel.com/]   ‘Renting vs. Buying a Home: What People Get Wrong’ — https://www.youtube.com/watch?v=j4H9LL7A-nQ [https://www.youtube.com/watch?v=j4H9LL7A-nQ]   MobLand — https://www.imdb.com/title/tt31510819/ [https://www.imdb.com/title/tt31510819/]  Ray Donovan — https://www.imdb.com/title/tt2249007/ [https://www.imdb.com/title/tt2249007/]  Animal Kingdom — https://www.imdb.com/title/tt5574490/ [https://www.imdb.com/title/tt5574490/]    Books From Today’s Episode:    Rich Dad Poor Dad — https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 [https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194]    Self Help, Inc.: Makeover Culture in American Life — https://www.amazon.com/Self-Help-Inc-Makeover-American/dp/0195337263 [https://www.amazon.com/Self-Help-Inc-Makeover-American/dp/0195337263]    Papers From Today’s Episode:    'Motivated Numeracy and Enlightened Self-Government' - https://www.cambridge.org/core/journals/behavioural-public-policy/article/abs/motivated-numeracy-and-enlightened-selfgovernment/EC9F2410D5562EF10B7A5E2539063806 [https://www.cambridge.org/core/journals/behavioural-public-policy/article/abs/motivated-numeracy-and-enlightened-selfgovernment/EC9F2410D5562EF10B7A5E2539063806]    ‘Nevertheless, They Persist: Cross-country differences in homeownership behavior’ — https://www.sciencedirect.com/science/article/abs/pii/S1051137721000590 [https://www.sciencedirect.com/science/article/abs/pii/S1051137721000590]    ‘Rent or Buy? Inflation Experiences and Homeownership within and across Countries’ — https://www.researchgate.net/publication/379974645_Rent_or_Buy_Inflation_Experiences_and_Homeownership_within_and_across_Countries [https://www.researchgate.net/publication/379974645_Rent_or_Buy_Inflation_Experiences_and_Homeownership_within_and_across_Countries]     ‘Dividend Policy, Growth, and the Valuation of Shares’ — https://www.researchgate.net/publication/24102112_Dividend_Policy_Growth_and_the_Valuation_Of_Shares [https://www.researchgate.net/publication/24102112_Dividend_Policy_Growth_and_the_Valuation_Of_Shares]    ‘Chapter 3 - Behavioral Household Finance*’ — https://www.sciencedirect.com/science/article/abs/pii/S2352239918300046 [https://www.sciencedirect.com/science/article/abs/pii/S2352239918300046]    ‘Common Risk Factors in the Returns on Stocks and Bonds’ — https://www.sciencedirect.com/science/article/abs/pii/0304405X93900235 [https://www.sciencedirect.com/science/article/abs/pii/0304405X93900235]     ‘The Dividend Disconnect’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373 [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373]    ‘A Devil's Bargain: When Generating Income Undermines Investment Returns’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4580048 [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4580048]    ‘The Financialization of Anti-Capitalism? The Case of the “Financial Independence Retire Early” Community’ — https://www.tandfonline.com/doi/full/10.1080/17530350.2021.1891951 [https://www.tandfonline.com/doi/full/10.1080/17530350.2021.1891951]    ‘High Income Improves Evaluation of Life But Not Emotional Well-Being’ — https://www.pnas.org/doi/10.1073/pnas.1011492107 [https://www.pnas.org/doi/10.1073/pnas.1011492107]     ‘Income And Emotional Well-Being: A Conflict Resolved’ — https://www.pnas.org/doi/10.1073/pnas.2208661120 [https://www.pnas.org/doi/10.1073/pnas.2208661120]

29 mei 2025 - 1 h 18 min
episode Episode 358 – Dr. Eli Beracha: Renting versus Buying a Home artwork
Episode 358 – Dr. Eli Beracha: Renting versus Buying a Home

Dr. Eli Beracha has recently been recognized by The Journal of Real Estate Literature as the world’s third best in research productivity, and today, we are honoured to be joined by this top industry expert to bring more clarity to the renting versus buying debate. We use Dr. Beracha’s ‘Lessons from Over 30 Years of Buy Versus Rent Decisions: Is the American Dream Always Wise?’ and ‘Housing Ownership Decision-Making in the Framework of Household Portfolio Choice’ papers as the basis for most of today’s conversation, beginning with why owning a home is deeply rooted in the perception of the American dream. Then, we discover how to measure the true price of home ownership, how the American dream and other psychological factors influence one’s decision-making, how hard assets perform compared to stocks and bonds, and why renting comes out ahead of buying nine times out of ten. We also learn why owning is for the inherently wealthy, the ins and outs of Dr. Beracha’s rent versus buy index, the rate of property appreciation versus stock appreciation, and how renting influences saving habits compared to owning a home. To end, we dive deeper into the risk-adjusted wealth accumulation of home ownership versus renting, and Dr. Beracha compares the efficiency of the real estate market to the stock market while detailing everything to take into account to be fully-equipped to make your decision to rent or buy.   Key Points From This Episode:   (0:00:00) Why Dr. Eli Beracha is one of the world’s best to discuss renting vs buying a home.  (0:05:32) Understanding why owning a home is deeply entrenched in the American dream. (0:06:10) The various aspects to consider when measuring the price of home ownership.  (0:07:57) Weather Dr. Beracha agrees with the adage “renting is throwing money away.” (0:09:36) What the price of a home should represent, and how psychology influences decisions.  (0:16:48) Unpacking Dr. Beracha’s 2012 paper subtitled, ‘Is the American Dream Always Wise?’  (0:19:51) Hard assets versus stocks and bonds, and why renting pips buying most of the time.  (0:26:00) Why many still choose to own a home despite long-term financial discrepancies.   (0:30:53) The ins and outs of Dr. Beracha’s rent versus buy index.  (0:39:46) Why homeowners are usually wealthier than renters even though renting is “cheaper.” (0:42:03) Property appreciation, stock appreciation, and the renter’s savings rate. (0:47:41) How home ownership influences saving habits compared to renting.  (0:49:46) The risk-adjusted wealth accumulation of home ownership versus renting. (0:58:40) Dr. Beracha compares the efficiency of the real estate market to the stock market.  (1:03:22) Everything you need to take into account to make your decision to rent or buy.   Links From Today’s Episode: Meet with PWL Capital — https://calendly.com/d/3vm-t2j-h3p [https://calendly.com/d/3vm-t2j-h3p] Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 [https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2]. Rational Reminder Website — https://rationalreminder.ca/ [https://rationalreminder.ca/]  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ [https://www.instagram.com/rationalreminder/] Rational Reminder on X — https://x.com/RationalRemind [https://x.com/RationalRemind]Rational Reminder on TikTok — www.tiktok.com/@rationalreminder [https://www.tiktok.com/@rationalreminder?_t=8oTz7ldhMc1&_r=1&fbclid=IwZXh0bgNhZW0CMTAAAR1Z4A-2rKqQTivvuyU1-PssL9xfJn5myyaps6kQypAwHm7aL66qSajEhI0_aem_puLPWAK_S3Gk2bEmdXjohg] Rational Reminder on YouTube — https://www.youtube.com/channel/ [https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw] Rational Reminder Email — info@rationalreminder.ca [info@rationalreminder.ca]Benjamin Felix — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Benjamin on X — https://x.com/benjaminwfelix [https://x.com/benjaminwfelix] Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ [https://www.linkedin.com/in/benjaminwfelix/] Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ [https://www.linkedin.com/in/dan-bortolotti-8a482310/]  Episode 325: Addressing 200+ Comments on Renting vs. Owning a Home — https://rationalreminder.ca/podcast/325 [https://rationalreminder.ca/podcast/325]   Episode 196: Sebastien Betermier: Hedging, Sentiment, and the Cross-Section of Equity Premia — https://rationalreminder.ca/podcast/196 [https://rationalreminder.ca/podcast/196]  Dr. Eli Beracha — https://www.theberachateam.com/ [https://www.theberachateam.com/]  Dr. Eli Beracha on LinkedIn — https://www.linkedin.com/in/eli-beracha-b8082250/ [https://www.linkedin.com/in/eli-beracha-b8082250/]  Dr. Eli Beracha on Instagram — https://www.instagram.com/dreliberacha/ [https://www.instagram.com/dreliberacha/]  Tibor and Sheila Hollo School of Real Estate | FIU — https://business.fiu.edu/academics/departments/real-estate/ [https://business.fiu.edu/academics/departments/real-estate/]   KBIS Capital — https://kbiscapital.com/ [https://kbiscapital.com/]  Journal of Real Estate Literature — https://www.tandfonline.com/journals/rjel20 [https://www.tandfonline.com/journals/rjel20]    Papers From Today’s Episode:    ‘Lessons from Over 30 Years of Buy Versus Rent Decisions: Is the American Dream Always Wise?’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1814227 [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1814227]    ‘Housing Ownership Decision-Making in the Framework of Household Portfolio Choice’ — https://www.tandfonline.com/doi/abs/10.1080/10835547.2017.12091472 [https://www.tandfonline.com/doi/abs/10.1080/10835547.2017.12091472]  ‘Findings from a Cross-Sectional Housing Risk-Factor Model’ — https://www.researchgate.net/publication/236023682_Findings_from_a_Cross-Sectional_Housing_Risk-Factor_Model [https://www.researchgate.net/publication/236023682_Findings_from_a_Cross-Sectional_Housing_Risk-Factor_Model]

22 mei 2025 - 1 h 7 min
episode Episode 357 – AMA #6 artwork
Episode 357 – AMA #6

Cameron joins Ben for his first AMA as we bring you the sixth edition of our Listener Questions and Investing Lessons mini-series. Diving right in, Ben and Cameron share their stance on the multi-host format of the Rational Reminder podcast before walking us through the new PWL Retirement Planning Tool. Then, we unpack our venture with OneDigital, recent changes at PWL Capital, how we make each episode of this show, and how we allocate our time across podcast and business responsibilities. We also examine our protocol regarding guests, why Cameron and Ben would never gamble with their own money, how the human condition prevents the full comprehension of investing as a principle, and smart money moves to make under current market conditions. To end, we discuss the effects of a capital gains tax increase, common mistakes to avoid in managing personal finances, programs and technologies for financial advisors, and the After Show, which ends with an important discussion on testicular cancer.          Key Points From This Episode:   (0:00:00) How Ben and Cameron feel about the multi-host format of this podcast. (0:01:12) The new PWL Retirement Planning Tool, developed by Braden Warwick.  (0:03:13) Joining OneDigital and other PWL changes from the past four months.  (0:09:05) Behind the scenes: Making a Rational Reminder podcast episode. (0:12:38) Allocating time for research, preparation, creating content, and business. (0:17:27) How guests inform our approach to research and preparation.  (0:19:29) The reasons why we’re not risk-averse but have no appetite for gambling. (0:24:26) Why investing has been largely solved, except for the human aspect.  (0:30:13) The most “rational” investing practices under current market conditions.  (0:34:25) How to approach a capital gains tax increase, and why banks do what they do. (0:38:03) The most costly mistakes when it comes to managing personal finances. (0:40:12) Why we don't offer advice-only planning for DIY investors. (0:44:07) Financial app tips and tricks and programs and technologies to be aware of.  (0:48:23) The After Show: Alternate personalities, noise filtering, and testicular cancer.     Links From Today’s Episode: Meet with PWL Capital — https://calendly.com/d/3vm-t2j-h3p [https://calendly.com/d/3vm-t2j-h3p] Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 [https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2]. Rational Reminder Website — https://rationalreminder.ca/ [https://rationalreminder.ca/]  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ [https://www.instagram.com/rationalreminder/] Rational Reminder on X — https://x.com/RationalRemind [https://x.com/RationalRemind]Rational Reminder on TikTok — www.tiktok.com/@rationalreminder [https://www.tiktok.com/@rationalreminder?_t=8oTz7ldhMc1&_r=1&fbclid=IwZXh0bgNhZW0CMTAAAR1Z4A-2rKqQTivvuyU1-PssL9xfJn5myyaps6kQypAwHm7aL66qSajEhI0_aem_puLPWAK_S3Gk2bEmdXjohg] Rational Reminder on YouTube — https://www.youtube.com/channel/ [https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw] Rational Reminder Email — info@rationalreminder.ca [info@rationalreminder.ca]Benjamin Felix — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Benjamin on X — https://x.com/benjaminwfelix [https://x.com/benjaminwfelix] Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ [https://www.linkedin.com/in/benjaminwfelix/] Cameron Passmore — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Cameron on X — https://x.com/CameronPassmore [https://x.com/CameronPassmore] Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ [https://www.linkedin.com/in/cameronpassmore/] Braden Warwick on LinkedIn — https://www.linkedin.com/in/braden-warwick-a40b48a3 [https://www.linkedin.com/in/braden-warwick-a40b48a3]  PWL Capital Retirement Planning Tool — https://research-tools.pwlcapital.com/research/retirement [https://research-tools.pwlcapital.com/research/retirement]  OneDigital — https://www.onedigital.com/ [https://www.onedigital.com/]   Episode 341: PWL's Next Chapter — https://rationalreminder.ca/podcast/341 [https://rationalreminder.ca/podcast/341]  Episode 355: Do Index Funds Incur Adverse Selection Costs? — https://rationalreminder.ca/podcast/355 [https://rationalreminder.ca/podcast/355]   Episode 200: Prof. Eugene Fama — https://rationalreminder.ca/podcast/200 [https://rationalreminder.ca/podcast/200]  Episode 100: Prof. Kenneth French: Expect the Unexpected — https://rationalreminder.ca/podcast/100 [https://rationalreminder.ca/podcast/100]  Episode 93: Cliff Asness from AQR: The Impact of Stories, Behaviour and Risk — https://rationalreminder.ca/podcast/93 [https://rationalreminder.ca/podcast/93]  Episode 270: What Happened to All the Billionaires? with Victor Haghani and James White — https://rationalreminder.ca/podcast/270 [https://rationalreminder.ca/podcast/270]   Episode 11: Robb Engen: Simple vs. Complex — https://rationalreminder.ca/podcast/11 [https://rationalreminder.ca/podcast/11]  Episode 203: S*** (Misguided) Financial Advisors Say — https://rationalreminder.ca/podcast/203 [https://rationalreminder.ca/podcast/203]  The Money Scope Podcast — https://moneyscope.ca/ [https://moneyscope.ca/]   Financial Advisor Success Ep 433: When You 10X Your Advisory Firm to over $20M of Revenue…And Want to 10X Again, with Cameron Passmore — https://www.kitces.com/blog/cameron-passmore-pwl-capital-10x-revenue-growth-advisory-firm/ [https://www.kitces.com/blog/cameron-passmore-pwl-capital-10x-revenue-growth-advisory-firm/]  The Podcast Consultant — https://thepodcastconsultant.com/ [https://thepodcastconsultant.com/]    The Long View — https://www.morningstar.com/podcasts/the-long-view [https://www.morningstar.com/podcasts/the-long-view]   Eli Beracha on LinkedIn — https://www.linkedin.com/in/eli-beracha-b8082250/ [https://www.linkedin.com/in/eli-beracha-b8082250/]   CIBC Mutual Funds — https://www.cibc.com/en/personal-banking/investments/mutual-funds.html [https://www.cibc.com/en/personal-banking/investments/mutual-funds.html]  Microsoft Excel — https://www.microsoft.com/microsoft-365/excel [https://www.microsoft.com/microsoft-365/excel]  Python — https://www.python.org/ [https://www.python.org/]  Monte Carlo — https://www.montecarlodata.com/ [https://www.montecarlodata.com/]  ChatGPT — https://chatgpt.com/ [https://chatgpt.com/]    Papers From Today’s Episode:    ‘The Arithmetic of Active Management’ — https://www.jstor.org/stable/4479386 [https://www.jstor.org/stable/4479386]  ‘Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case’ — https://www.jstor.org/stable/1926560 [https://www.jstor.org/stable/1926560]

15 mei 2025 - 56 min
episode Episode 356 – Abby Davisson: How to Make Decisions About Money and Love artwork
Episode 356 – Abby Davisson: How to Make Decisions About Money and Love

How do we make the most important decisions in life with intention rather than impulse? In this episode, we are joined by Abby Davisson to unpack her practical framework for better decision-making. Abby is a Yale and Stanford alumnus, a former executive at Gap Inc., and the co-author of Money and Love. She is also the founder of the Money and Love Institute, which is dedicated to helping individuals and professionals navigate life’s most significant decisions. In today’s conversation, Abby unpacks her practical, research-backed “5Cs Framework” for decision-making and demonstrates how it can guide all the decisions couples need to make through life. We explore the idea of financial transparency, progressive pooling of finances, equitable division of housework, deciding when to outsource help, and navigating career pauses or transitions. Abby also shares how she applied the framework in her own life and offers an honest perspective for individuals navigating change. Join us to learn how to approach choices and the “life stuff” that doesn’t always show up in spreadsheets with Abby Davisson. Tune in now! Key Points From This Episode:   (0:04:16) Myra Strober’s Work and Family course and how it led to writing Money and Love. (0:07:21) The drivers of poor decisions and the five Cs in Abby’s decision-making framework. (0:11:15) Discover the four big topics every couple should discuss and how to approach them. (0:15:09) Learn the fundamentals of how couples should handle and combine money. (0:17:49) Why division of housework is vital, how to approach it, and the role of gender norms.  (0:21:49) Outsourcing tasks and the impacts of not taking the division of housework seriously. (0:24:27) How to decide where to live as a couple, and whether to rent or buy a house. (0:29:08) A real-life example of how to apply to 5C Framework for decision-making.  (0:33:34) Navigating career ambitions, division of childcare, and stay-at-home parenting. (0:37:16) Hear how the 5C Framework helps deal with separation and family dynamics. (0:40:31) Ways the concept of retirement has changed and why families should discuss it. (0:44:12) Find out how involved adult children should be in their parents' retirement planning. (0:47:02) Advice for finding the right life partner and how to stress-test a relationship. (0:52:05) What to consider before getting married and having children, and why. (0:55:37) Abby’s biggest lessons from writing the book and her definition of success.   Links From Today’s Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p [https://calendly.com/d/3vm-t2j-h3p] Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 [https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2]. Rational Reminder Website — https://rationalreminder.ca/ [https://rationalreminder.ca/]  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ [https://www.instagram.com/rationalreminder/] Rational Reminder on X — https://x.com/RationalRemind [https://x.com/RationalRemind]Rational Reminder on TikTok — www.tiktok.com/@rationalreminder [https://www.tiktok.com/@rationalreminder?_t=8oTz7ldhMc1&_r=1&fbclid=IwZXh0bgNhZW0CMTAAAR1Z4A-2rKqQTivvuyU1-PssL9xfJn5myyaps6kQypAwHm7aL66qSajEhI0_aem_puLPWAK_S3Gk2bEmdXjohg] Rational Reminder on YouTube — https://www.youtube.com/channel/ [https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw] Rational Reminder Email — info@rationalreminder.ca [info@rationalreminder.ca]Benjamin Felix — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Benjamin on X — https://x.com/benjaminwfelix [https://x.com/benjaminwfelix] Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ [https://www.linkedin.com/in/benjaminwfelix/] Cameron Passmore — https://pwlcapital.com/our-team/ [https://pwlcapital.com/our-team/] Cameron on X — https://x.com/CameronPassmore [https://x.com/CameronPassmore] Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ [https://www.linkedin.com/in/cameronpassmore/] Abby Davisson — https://www.abbydavisson.com/ [https://www.abbydavisson.com/] Abby Davisson — https://linkedin.com/in/abbydavisson/ [https://linkedin.com/in/abbydavisson/] Money and Love Institute — https://moneyloveinstitute.com/ [https://moneyloveinstitute.com/] Practically Deliberate [https://abbydavisson.substack.com/] Newsletter — https://abbydavisson.substack.com/ [https://abbydavisson.substack.com/] Gap Inc. — https://www.gapinc.com [https://www.gapinc.com] Myra Strober [https://www.linkedin.com/in/myra-strober-a8b2846a/overlay/about-this-profile/] on LinkedIn — https://linkedin.com/in/myra-strober-a8b2846a/ [https://linkedin.com/in/myra-strober-a8b2846a/] Eve Rodsky — https://www.everodsky.com/ [https://www.everodsky.com/] Carefull — https://getcarefull.com/ [https://getcarefull.com/] Baba Shiv — https://linkedin.com/in/baba-shiv-a859882/ [https://linkedin.com/in/baba-shiv-a859882/]   Books From Today’s Episode: Money and Love — https://www.moneylovebook.com/ [https://www.moneylovebook.com/]

08 mei 2025 - 58 min
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