We Study Billionaires - The Investor’s Podcast Network
Business:Investing
TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein
Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.
David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro.
02:10 - Why we should care about current market conditions as long-term investors.
09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.
13:08 - How long it takes for interest rates to flow through to the broader economy.
16:49 - The role international stocks can play in a portfolio.
26:47 - If investors should care if the US has the reserve currency or not.
33:28 - Ways in which investors can get exposure to AI.
38:41 - The potential long-term impacts of AI on our financial system.
42:09 - Whether GDP is an outdated and misleading metric or not.
46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.
55:51 - How the venture capital playbook works.
58:28 - How David thinks about the expected returns for alternative assets.
75:00 - David’s thoughts around aligning his finances with living a good life.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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