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Podcast: Talking Real Money - Investing Talk
Episode: Math Over Models
Description: Don and Tom dive into the human obsession with predictionâespecially in financeâand why models fail us more than they help. They dissect the CAPE ratio, Fama vs. Shiller, and why âknowingâ the market is a foolâs errand. Listeners also get lessons on ETF pricing myths, market cap misunderstandings, SEP Roth IRAs (spoiler: theyâre basically unicorns), and whether dad deserves a gift or just more responsibilities.
0:04Â We crave certaintyâeven though our money brains are terrible at prediction.
1:01Â Wall Streetâs models exist to soothe our fear of the unknown.
1:34Â âAll models are wrong...