On the subject of advisors selling complexity, Buffett commented that he and Munger had looked into some of the derivative products (perhaps when they were in charge of Salomon) and they had difficulty figuring out what they did so presumably the vast majority of people would have difficulty understanding these products.
@@thomaskiesel8652 I would go easy on the Kale because it's too high in oxalates people going overboard on raw kale smoothies end up with kidney stones. If you boil it though you can reduce the oxalate content significantly. Brussel Sprouts and small Bok Choy are expensive for portions you get out of them.
On the restaurant issue one thing that is great now is that a person on vacation can explore the streets virtually via Google streets and identify restaurants that they want to try. The old way was to take really long walks which isn't bad in itself but sometimes you end up in industrial areas that don't have many options you can also check the reviews to decide if you're deciding between two options.
I thnk paying a liitle bit higher fee for reducing drawdowns adding more asset classes (return streams) for example Managed Futures has more value and really enhance the long term return and helps to stick with your strategy.
Yup, Rick is correct, keep it simple. Buy S&P low, sell it high, repeat. His fearmongering on the the National Debt & Deficit (in other words, National Credit & Surplus) was junk though 🤷♂️ the Debt & Deficit are what is making me money, since that is the money, the U.S. Dollars we own.
50:38 You know what I hate - when sensitive butterflies go out of there way to say “hate” is a strong word. lol like people, get over yourself and pay attention to the context
