DR 024: How to Invest Like Warren Buffett [Interview withLarry Swedroe]

This is the seventeenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at why it’s important to invest like a business owner. In today’s podcast, we interview Larry Swedroe, author of Think, Act, and Invest Like Warren Buffett.

Sponsors: The 31-Day Money Podcast is sponsored by Betterment and Personal Capital. Betterment and Personal Capital are two tools I use to make investing easier, less expensive, and more effective.

Topics Covered

  • What is Portfolio Suicide and how can you prevent it.
  • What advice does Warren Buffett give us about how to invest?
  • Should we base our investing decisions on market forecasts?
  • Why overconfidence in our ability to invest can harm our portfolio.
  • How understanding the history of the stock market can help us avoid mistakes.
  • How an asset allocation plan can help us stick to an investing plan.
  • The importance of learning from investing mistakes.

Resources Mentioned in the Podcast

Listener Questions & Comments

Here are listener questions and comments addressed in this podcast:

Sheila: “I gave up cable! I’d rather save the money. Watching TV is not “living” as one of your readers said. Plus its a monopoly and we are being ripped off.”

Lee: “Really interesting idea BUT where is anyone making 8% or 9% a year?? In recent memory I was making 6% a year in a money market fund vs the hypothetical 7% historical average in the stock market. Now, my money market fund pays pennies a month. Although it’s a great idea, I feel like it’s irresponsible to suggest that people will achieve such a high rate of return.”

Paul: “I found the Doughroller podcast on episode 3 and have listened to almost all of the episodes. I really appreciate the work you do and want to thank you for the podcast.

Money was a issue for my family when I was growing up and I remember the arguments my parents did have was around money. My girlfriend and I are starting to discuss marriage and I want to make sure we are on the same page about being fiscally responsibly. Can you provide any recommendations on how to manage your finances as a couple? You often mention about how you and your wife worked together to get out of debt, do you have your own banking accounts and a joint bank account? Do you have a monthly portion of your paycheck go to your own account and a portion go into a joint account? I am really looking for templates about what works for others? We both work and see paying off debt as a priority?”

Day 18: How to Create an Asset Allocation Plan

Published or Updated: July 29, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Jon S. says:

    New to your podcast series and have found them both enjoyable and useful. Anytime you can get a finance ” heavy hitter ” like Larry Swedroe…it’s all the better! He appeared to be a good and decent fella beyond his solid reputation as a finance guru. Keep up the good work and great content!

    Cheers-
    Jon S.

    • Rob Berger says:

      It was fun to have Larry on the show.

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