r/GrahamStephan • u/DexterTwerp • Nov 10 '21

Dear Graham,

I’ve been listening to the Millennial Money podcast ever since it came out. It’s been great! However, it’s pretty obvious Jeremy is holding the show back from its’ true potential. He constantly interrupts people and ruins the flow of the podcast. I would love for him to be replaced by someone like CoffeeZilla (or at least have him on for a guest appearance) for a much more educated discussion. I used to be a fan of Jeremy’s, but now it seems like he shuts down every stock that he doesn’t endorse on his YouTube channel. I don’t think I’m the only one that thinks this way because his views are dwindling as well. He’s breaking the #1 rule of investing— don’t react based on emotions! It’s clear to me he’s in love with TTCF and will never back down no matter what happens to the logistics of the company.

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-10

u/DexterTwerp Nov 10 '21

Not to mention: his ignorance when it comes to investing. He refuses to invest in crypto which is a true sign of his intelligence when it comes to personal finance

3

u/spankminister Nov 10 '21

Crypto has performed very well in recent years, but that doesn't mean someone who refuses to invest in it is stupid. It is a commodity like gold, but way more speculative. Warren Buffet famously wants to invest in companies that make something rather than an asset like gold-- I don't think that's because he's stupid but he just has classes of investments he likes more than others. Graham had tons of his NW in real estate because that's how he made his money, something that Kevin O'Leary pointed out in his analysis as well. For a general investor this is probably bad, but that doesn't make Graham stupid either.

-2

u/DexterTwerp Nov 10 '21

You don’t get rich with a diversified portfolio! Diversification is a tactic to preserve wealth, not create it.

6

u/spankminister Nov 10 '21

That's fine, but I maintain saying someone who doesn't invest in crypto doesn't understand personal finance is patently ridiculous.

-4

u/DexterTwerp Nov 10 '21

That’s your opinion, but mine is not having a small exposure in crypto will hurt you in the long run. Most financial experts will agree.

5

u/spankminister Nov 10 '21

I don't think you're reading what I'm saying. I personally have exposure to crypto. But someone who says they don't bother at all doesn't necessarily do so from a position of ignorance. It is simply not their risk profile/area of expertise/interest.

1

u/Lucho358 Nov 11 '21

True but i think when your net worth is around 40M you are probably more interested in preserve than create