Money For the Rest of Us

By: J. David Stein
  • Summary

  • A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

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Episodes
  • Is the Rest of the World Selling America?
    Apr 23 2025

    The U.S has traditionally been a safe haven for investing, but that hasn't been the case in 2025. We explore three economic and narrative regimes and consider why we may be witnessing a shift after 12 years of U.S. outperformance.

    Topics covered include:

    • What was the narrative and economic and financial performance from 1995-2001, 2002-2012, and 2012 -2024.
    • How the performance of the U.S. dollar impacted returns
    • Why did economic forecasters predict the U.S. national debt would be paid off in 2011, and why were they wrong?
    • Signs that the current economic and financial narrative is shifting.


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    Show Notes

    Testimony of Chairman Alan Greenspan Outlook for the federal budget and implications for fiscal policy Before the Committee on the Budget, U.S. Senate January 25, 2001—The Federal Reserve Board

    Federal Surplus or Deficit [-] as Percent of Gross Domestic Product—FRED Economic Data

    Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers—FRED Economic Data

    Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller—Princeton University Press

    Donald Trump vs Mr Market by Tim Harford—The Financial Times

    Tourism boycott? Europe travel to US drops in wake of Trump presidency by Talyta França & Alessio Dell'Anna, Mert Can Yilmaz—euronews

    Trump’s Trade Offensive Threatens America’s Financial Primacy by Nick Timiraos, Jack Pitcher, and Chelsey Dulaney—The Wall Street Journal

    Related Episodes

    519: Is This the End of Globalization and Free Trade?

    380: How Stories Drive Our Happiness and Financial Success

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    20 mins
  • Where Are We Heading?
    Apr 16 2025
    In this episode, we explore what it means to invest in a non-ergodic world—where time, not averages, determines outcomes. We unpack concepts like volatility drag, ensemble vs. time averages, and the implications for portfolio strategy, while also reflecting on how AI and zero-click search are reshaping business and investor behavior.Topics covered include:What is ergodicity and why it mattersHow path dependency and emerging phenomena disrupt the long-termHow podcasting and blogging has changedWhat is the future of Money for the Rest of UsEpisode SponsorsNetSuite LinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesWayback Machine: jdstein.comProbabilities and Payoffs: The Practicalities and Psychology of Expected Value by Michael J. Mauboussin and Dan Callahan, CFA—Morgan StanleyThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb—Penguin Random HouseThe 60% Problem — How AI Search Is Draining Your Traffic by Tor Constantino, MBA—ForbesHollywood Is Cranking Out Original Movies. Audiences Aren’t Showing Up. by Ben Fritz—The Wall Street JournalHow Late Night TV Is Downsizing by Alex Weprin and Rick Porter—The Hollywood Reporter‘Severance’ Surpasses ‘Ted Lasso’ To Become Apple TV+’s Most Watched Series With Season 2 Launch by Nellie Andreeva—DeadlineList of most watched television broadcasts in the United States—WikipediaTao te Ching by Lao Tzu (Author), Marc Mullinax (Translator)—fortress pressWhy AI Might Not Take All Our Jobs—If We Act Quickly by Justin Lahart—The Wall Street JournalElon Musk and the Dangerous Myth of Omnigenius by Gautam Mukunda—BloombergRelated Episodes492: The Power of Optionality: Small Bets, Big Payoffs484: 7 Steps to Living a Longer Life482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and CreativitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    26 mins
  • Is This the End of Globalization and Free Trade?
    Apr 9 2025
    What will the impact be now that the U.S. has one of the highest tariff rates in the world?Topics covered include:Why the Trump administration raised tariffsHow the last round of U.S. tariffs led to higher prices and lower economic growthFour ways the world remains close to record connectivityWho have been the winners and losers from global tradeWhat will be the impact of this trade warEpisode SponsorsDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe economic consequences of Mr Trump – looking for clarity in the tariffs chaos by Neil Shearing—Capital EconomicsTariff rate, most favored nation, simple mean, all products (%)—World Bank GroupDonald Trump’s tariffs will fix a broken system by Peter Navarro—The Financial TimesDHL Global Connectedness Tracker—DHLObjective Knowledge: An Evolutionary Approach by Karl R. Popper—Oxford University PressGDP per capita (constant 2015 US$)—World Bank GroupJOSEPH E. STIGLITZ, GLOBALIZATION AND ITS DISCONTENTS REVISITED: ANTI-GLOBALIZATION IN THE ERA OF TRUMP, NEW YORK: W.W. NORTON & COMPANY, 2018 by Lino Sau—Annals of the Fondazione Luigi EinaudiFIFTY YEARS OF GROWTH IN AMERICAN CONSUMPTION, INCOME, ANDWAGES by Bruce Sacerdote—National Bureau of Economic ResearchReal Median Household Income in the United States—FREDEmployed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over—FREDConsumer Price Index for All Urban Consumers: Food in U.S. City Average/Median Household Income in the United States—FREDTrump’s Love for Tariffs Began in Japan’s ’80s Boom By Jim Tankersley and Mark Landler—The New York TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    22 mins
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