What are the advantages and disadvantages individual investors have relative to professional investors. How individual investors can capitalize on their advantages without being overwhelmed by too many choices. Topics covered include: How much have fees and commissions dropped for individual investors in the past two decadesHow the overall objective of individual investors differs from professional investorsWhy the smaller scale at which individual investors operate provides an advantage relative to professional investorsWhat are some advantages that professional investors have relative to individual investorsHow having constraints and rules of thumb allow individual investors to generate better returns and be less overwhelmedWhat are some examples of rules of thumb that collectively form an investment philosophy and process Thanks to Streak CRM for sponsoring the episode. For more information on this episode click here. Show Notes Trends in the Expenses and Fees of Funds, 2020—ICI Research Perspective March 2021 // VOL. 27, NO. 3 Morningstar's Annual Fund Fee Study Finds Investors Saved Nearly $6 Billion in Fund Fees in 2019—Morningstar The Reel Deal: The Stacked Benefits of a Reel Mower by John K. Hix and Simone Bailey—Rochester Reginal Health How to Invest in Closed-End Funds—Money For the Rest of Us Portfolio Visualizer The Beauty of Everyday Things by Soetsu Yanagi Noise: A Flaw in Human Judgment by Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein Related Episodes 313: No One Is Entirely a Buy and Hold Investor 332: What Is Tail Risk and Are You Taking Too Much Of It? 341: How to Overcome Investing Fears See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How owning fewer, more permanent things can lead to greater freedom and continued economic growth. Topics covered include: How a railroad company issued a bond that matured in 999 yearsWhy land and gold are the most permanent investmentsWhat is the oldest currency in useWhy fiat and cryptocurrencies are potentially worthlessWhy permanence is freedom and constantly craving more things limits freedomWhy do quality goods cost moreHow the volume of trash generation and the number of storage units are increasingWhy reducing the number of things we own is so difficult and how to go about doing itHow the economy could change as people own things longer Thanks to Felix Gray Glasses and LinkedIn for sponsoring the episode. For more information on this episode click here. Show Notes Business & Finance: Freak Finance Back to the future with long-term bonds by Franky Leeuwerck—Franky's Scripophily BlogSpot ELMIRA AND WILLIAMSPORT RAIL ROAD COMPANY 500$ BOND, 1863—WorthPoint The Power of Gold: The History of an Obsession by Peter L. Bernstein How much gold has been found in the world?—USGS The oldest living thing on Earth by Marnie Chesterton—BBC What is the world's oldest currency?—CMC Markets Bitcoin, Currencies, and Fragility by Nassim Nicholas Taleb Small Is Beautiful: Economics as if People Mattered Bby E. F. Schumacher Evan Kinori Glasswing Want to Make It Big in Fashion? Think Small, Like Evan Kinori by Guy Trebay—The New York Times Artists of Theory: Evan Kinori Interview by Isaac McKay-Randozzi—Theories of Atlantis National Overview: Facts and Figures on Materials, Wastes and Recycling—United States Environmental Protection Agency Basic Information about Landfill Gas—United States Environmental Protection Agency The Great Markdown Disaster w/ Evan Kinori—Corporate Lunch Minimum by John Pawson Evan Kinori, Clothing Designer by Sean Hotchkiss—Faculty Department Storage Wars—Seeking Alpha France Gave Teenagers $350 for Culture. They’re Buying Comic Books. by Aurelien Breeden—The New York Times Related Episodes 278: You Have Permission to Spend 262: Better Not Bigger, Circular Not Linear – How the Global Economy Is Changing See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.