What are the timeless principles we can follow in order to become better investors.  Topics covered in this episode include: How a book's permanence makes it different from a podcast.How David's book got written and published and why his publisher just recalled the hardcover version of the book.What are the 10 questions we should answer before we invest in anything. Thanks to NetSuite and The Great Courses Plus for sponsoring the episode. For show notes and more information on this episode click here. [0:20] How David decided to write a book.[3:00?] The right book can change your life.[4:20] The art of writing a book.[7:00] The extensive process of writing a book.[9:57] Recording the audiobook.[11:32] Question 1: What is it?[13:36] Question 2: Is it investing, speculating, or gambling?[14:32] Question 3: What is the upside?[15:54] Question 4: What is the downside?[16:42] Question 5: Who is on the other side of the trade?[18:06] Question 6: What is the investment vehicle?[18:58] Question 7: What does it take to be successful?[20:20] Question 8: Who is getting a cut?[21:03] Question 9: How does it impact your portfolio?[22:05] Question 10: Should you invest?[23:06] What happened to the book launchSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why some analysts believe the Consumer Price Index formula understates inflation while others believe the CPI formula overstates inflation. What really matters to us individually when it comes to inflation. Topics covered in this episode include: What is inflation and what causes it.How is the Consumer Price Index calculated and how has the CPI formula changed over time.What are examples of different CPI measures.Why do some analysts believe U.S. inflation is higher than what CPI states while others believe inflation is lower than what the Consumer Price Index shows.How inflation calculations impact the measurement of other economic data such as the rate of poverty and the growth in real wages.What are consumer attitudes toward inflation and why do central banks worry about changes in household and business inflation expectations.How individuals can monitor and improve their cost of living. Thanks to Sleep Number and Money For the Rest of Us Plus for sponsoring the episode. For show notes and more information on this episode click here. [0:18] Traditional methods of measuring inflation.[4:00] The CPI has changed from a fixed-basket approach to a consumer-representative approach.[6:39] The controversy concerning the accuracy of CPI measurement.[9:11] Is inflation overstated because of how the CPI-U is calculated?[11:23] Rwanda case study: the connection between inflation and poverty.[15:17] Why governments care so greatly about the public’s view of inflation.[17:31] How inflation expectations are measured.[18:52] How do we calculate the desired standard of living?[20:41] The CPI isn’t an accurate depiction of the standard of living.[24:20] Are you satisfied with how you spend your money?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.