Ben Felix Talks Investing in Crypto, Revolutionary Tech, and Academic Research
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- Опубліковано 18 чер 2024
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Ben’s channel: / benfelixcsi
Rational Reminder Podcast: / rationalreminder
This video is available as a podcast at www.theplainbagel.com and on Apple Podcasts (search "The Plain Podcast")!
00:00 - Introduction
03:45 - Ben's Investment Strategy
08:38 - Research Reports in the Investment Space
13:38 - Active vs Passive Management
21:39 - Are Markets Still Efficient?
29:18 - Sponsor
30:02 - Explaining Empirical Data
34:38 - Crypto vs Academics
51:20 - Investing in Revolutionary Tech
53:40 - Closing Tips
I had the privilege of speaking to Ben Felix, Ottawa-based PM and host of the Rational Reminder podcast and Common Sense Investing UA-cam channel. We talked investing, market efficiency, and research around crypto.
If you'd like to support the channel, you can do so at / theplainbagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
Happy Friday everyone! Visit the following link (or use coupon code BAGEL) to get a free 7 day trial of Noa's premium subscription, plus 37% off the annual fee: bit.ly/3wn8nfh
Ben is a genius
well, well, well. if it isn't number three.
I watch Ben Felix, Plain Bagel, Patrick Boyle, and How Money Works religiously. All four of you put research quality first and deserve massive followings for that effort.
Legit👌
@@ajrobbins368 add Paul Merriman
Really? How many kingdoms or revolutions has he led, made, found or grown? How many Nobel prizes, World cup or Olympic gold has he won? How many centi-millions has he made & saved?
Isn't that what people say about "geniuses" like Do Kwon, Su Zhu, Sam Bankman Fried, etc. before their fall? Are Xi, Hu, Jiang, Putin, Yeltsin, Biden, Trump, Obama, Bush, Clinton, etc. geniuses too? How about people like Washington, Sun, Lenin, Gandhi, Mohammed, Jesus, Gautama, Confucius, etc?
Love these two guys. Sane, rational, sound advice in a world so full of nonsense. These guys are the best in the business.
Also check out new money. He's very similar and from Australia. He's qualified legitimately and conservative
Lol at the big "SIMP" sign on Richard's frame
I can't unsee it 🤣
My two favourite personal finance UA-camrs?! So exciting to see you working together
Ben felix is like the first academic finance "UA-camr".
Not quite but he is pretty good.
The most ambitious cross-over since Endgame
Revolutionary tech or investments in new market segments is such a bad idea, Ben's completely right there! I would consider myself to be an early investor in a lot of areas and I still never touch anything if its less then 5 years old. You need time for anything to give you a track record and for all the speculation and hype to be wiped out. This guy is so smart and has such a wealth of knowledge! He's got my follow.
OIC. Since BTC is > 14 years old, ETH is > 7 years old, XRP > 10 years old & DOGE is > 9 years old, this would mean you would have invested or are investing in them. Or you are pro stock & have invested in Apple, Microsoft, Google, Amazon, etc. instead? Does this include currencies like USD, EUR, CNY, JPY, etc. land in/near cities like New York, Hong Kong, Singapore, Tokyo, etc. &/or commodities like oil, gold, rice, tea, pee, etc. too?
Ben is amazing. Love his videos. Very informative!
Had no idea he was 6'11"!!
Bagel-Man your the MAN! Thanks for this. Love Rational Reminder and love hearing from Ben outside of his Podcast
Great episode! Thank you very much Richard and Ben. Keep up the good work! Greetings from Mexico.
It’s nice to see Ben take some time off from raising an army.
I see what you are doing here ;)
Fantastic! This was a great convo, and a great low down. Ben, you got a new subscriber out of this.
Omg I waited long for this conversion. My two Favorit youtuber😍🥳
Wonderful! Been following both of you for quite a while. Nice to see the two of you in this collaboration.
Ben & Richard, we are so lucky to have the internet connect us to your professional perspectives. Thank you for the great content you provide.
excellent interview! thanks! I love Ben's content!
Amazing interview! now i've like a million things to check out, thanks
Just started the video and I’m already super pumped for this podcast. All the guests have been amazing so far
Been waiting on this meeting of the brain trust for years! Lovely stuff.
Thanks a lot for the, as always, great content
Thank you. This is a very refreshing perspective
OMG BEN FELIX, BEST DAY EVER!
Instant like, thanks for the episode!
Hi Richard,
Thanks for the content. It could also be cool to list all the resources mentioned during the talk in the description.
Thank you for the education.
Fantastic chat!
Wow. Can't wait to watch this. Love Ben's content!
Ben Felix - The interview guest who moves you to next next level.
Your collab with TFD earlier this year, now this. Great news! The best of the financial youtubers together.
Wow, the two best Canadian UA-camrs out there one screen. Your both amazing.🇨🇦🇨🇦🇨🇦
Thanks, it's great to see an interview with someone who can help distill technical academic research on such topical issues. I probably won't get around to reading the actual papers, so the assumption is that the information is accurate, but he certainly seems legit.
Totally. But as people who are familiar with Market 101 &/or Investment 101, it's rarely a good idea to simply base one's investment on the opinion of a couple or handful of "experts" (or blogs/books) since markets are such a wide & abstract topic/concept.
Dang, this was new and interesting, I have to watch it again!
Excellent conversation. Thanks!
So many young finance UA-camrs got cut from my playlist. Not the (anything but) Plain Bagel and Ben "Common Sense" Felix. Two quality influencers.
Good interview, and great conversation. My only issue is that you tended to interrupt Ben while he was talking on a subject. It might make for a better time to let him finish his thought before speaking over him.
Humbled. Thank you very much for this video. Lovely conversation that I honestly thoroughly enjoyed.
"Gold isnt historically money"
"We want to be balanced and objective in our analysis"
MY FUCKING SIDES
Banger episode!
I really enjoyed this one
Mandatory like for two my favorite finance people on ytube
Two awesome gentlemen. Good work guys.
My two favourite Canadian financial educators (okay, along with Adam Bornn at Parallel Wealth and his retirement channel in Vancouver)! It doesn't get better. Thanks for showing us the way, and modelling responsible, personable, research-based investing and market information for Canadians.
North American, not only Canadian.
@@health_and_finance Fair enough, as their advice applies in the US and elsewhere too. I like the Money Guys (also financial educators on UA-cam) out of Tennessee, for example. And Dave Ramsay's channel, based on his radio show, is helpful in addressing some issues, such as debt.
It would be great to see a conversation between the two of you about active vs passive investing! 🙂
So cool to see you again do a video with Ben. Thanks to the first one I discovered his channel and now listen to his podcast every week! Shame that he deleted some videos from his YT though:/
More long form interview content please! Really looking forward to listening to this 🙏
I love Ben and "Rational Reminder" even though I'm still a stock picker! :D Gonna move all my money to index funds some day...
Dayum that’s a killer colab!
Great talk
Absolutely awesome.
Two best investing and finance content creators. They don't spew crap like a lot of these other UA-camrs do. Not to mention they are both Canadians too!
Great talk, very little worthwhile financial discussion on this site but this is awesome.
Love this crossover!
My two favourite financial creators! Perfect lunch time episode
I subscribed to your channel a while ago knowing one day I'll understand. Just took the CPCU 540 and finally understand wtf stocks are. I highly recommend doing an into for idiots for stocks! Dividend payments (and how they are decided; why corps issue benefits at all); time value of money (present value and future value concepts); basic concepts on corp financial determination (fundamental analysis, financial leverage, economic analysis, diversification strategies, quantitative measures of risk); value at risk; and the very basics of Greeks (I only got a 1000 ft view of Beta). Just a short video stating that all these concepts are things would be really helpful haha.
My 2 super stars in a single place ! I already enjoyed the video on Stiglitz-Grossman paradox.
What a wonderful cooperation.
Thanks for such a great collaboration. Would love to see more of this duo
Now this is a crossover episode!
One of my professors of economics who also worked in monetary policy of my country's central bank explained to us that the origin of money is debated, with the two main hypothesis being the one Ben criticized (gold, barter, etc.) and the other one being that the Government created money as a credit (something Keynes came up with).
Ultimately though, our professor concluded that it doesn't really matter how money was created since today money is better explained as credit. He was also very critical of crypto, saying it does not fulfill any requirements for it to be consider money. Overall very interesting vidro, thanks!
Really appreciated this discussion. Thank you both!
Rewatched a year later... even more prophetic in some ways. Durable folks. Thank you!
Perfect duo.
Two of my favourites
@12:30 The reason and intuition for me as to why economic growth results in negatives returns is because of implied disruption occurring based on the 'market moving forward'. Given this specific analysis is from a passive framework, it makes sense that a faster growing and moving market is more likely to specifically benefit from active investing over passive.
hello richard, another great video and two of my fav fin youtuber in one frame. However, the audio seems kinda low at times.
Good stuff
Ben is my favorite Finance UA-camr. I started investing becuz of him!
So good! You’re a great interviewer/host and Ben is a very knowledgeable guy, looking forward to checking out his content. Great job long bois.
Please have a part 2! This was great btw.
2 thumbs up for this pair 👍👍
BEN! Let’s go!
When two of your best finance people do a podcast together .. !!!
Ahhhhh my two favorite Finance people!!!!
very informative
Great episode, thanks for collaborating, have been subbed to you both for a long time now.
Hey cheers another Ottawa man!
I’m here b/c of guy Benny, great professional and even Greater Person 🙏🏼
Excellent episode - I learned a lot even about things I assumed I already knew
It's been hard to get away from market cap weighting, and don't really want to do equal weighting either... I did end up putting some money in the Dimensional Small Cap Value ETF... but their costs do sting a bit. I think even after costs they have been my best performing ETF though so far. From memory without puling it up I think I'm doing about 1 percent better in the Dimensional ETF than in SPY.
Some other anomalies per se can be things like HKD and MEGL recently.
I only take my finacial advice from lanky akward Canadians. Never listen to charismatic americans;) Ben felix is straight facts and research. Always great an unbias.
Absolute top tier investing content, as always from these two lads
My two favorite finance youtubers!
That’s why I like Ben Felix so much. He hoops.
God tier content!
Check back in 5-10 yrs on digital space past and present. Good credible info avail.
Oooo! Crossover episode! :D
Bitcoin was not to be designed to be like Gold...it has come to be known and invested in like a Digital Gold..but that was not the original idea by the developers. It was designed to be an electronic peer-to-peer cash system to transfer value between people, without going through a third party. Simple.
Aww, my two favorites together
I would like a debate between you and Ben about market efficiency. You are an active investor so this would be ideal
Danke!
Terrific talk. I don't agree with all the takes, but you guys are coming from a place of knowledge and practice, and I'm glad I found this talk.
Pls do a 2.0 interv. with Ben Felix, ur both great!
Amazing duo.. I think we need more these kind of people to learn more about finance and of course to more rationall..👍👍👍
Sweet!
In their respective books, Sahlins and Graeber offer interesting aspects on the credit system as a basis of money.
Thank you for your take on crypto, it's important for all investors in this asset class (me included btw) to hear the reality of it and try to stay objective about it.
Maybe a follow up?😊 Podcast with you, ben, Sven, and Patrick!
Nice one can you plz share links to those eugine /french research papers that Ben is referring to thanks.
I see Ben, I press like
Crypto is not any more susceptible to scams than fiat. Scams have always been predominantly about preying on people's fear, lust, and greed. The method of wealth transfer is almost always secondary, and irrelevant to the scam. Old people don't have any Bitcoin, so they make them go buy gift cards.
Madoff wasn't considered a "Fiat Scammer", he was a Ponzi Schemer. Nobody blamed the method of wealth transfer (cheque, bank transfer, etc) back then.
Yeees!, Finally