Episode 196: The Rate of Return of Certainty

In this episode, we ask:

• Does the rate of return matter?
• What article did Les McGuire write?
• What about a road test?
• What about real economic analysis?
• What is the meaning of the word economy?
• What about the science of scarcity?
• What about the consequences?
• What is the free market economy built upon?
• How is money just a certificate of good performance?
• What about Monte Carlo simulations?
• What about the concept of scarcity?
• How might you save for something that isn’t even created yet?
• What about all of the unknowns?
• Who is allowed to dream big?
• Who can handle the risk?
• Is risk a prerequisite to making money?
• What are Warren Buffet’s rules?
• What do you really want most?
• How might we separate methods from objectives?
• What about 401(k)s?
• What about a paid off home?
• What about skills and tools?
• What about safety?
• What about opportunity?
• What about master chess players?
• What does chess have to do with finances?
• What about a guaranteed dollar?
• What is whole life insurance built upon?
• Who receives the benefits?
• What is a unilateral contract?
• Who benefits from a unilateral contract?
• What are the guarantees?
• What about cash value increases?
• How many moving parts are in a life insurance contract?
• What did Mr. Rogers say?
• What will about fees?
• What is the cost of these strategies?
• What is the economic rate of return on certainty?
• Who is the owner of the policy?
• Who is the beneficiary of the policy?
• How might you duplicate the economic value of freedom?
• What is a certificate of good performance?
• How might you leave people better than you found them?
• What about unseen risks?
• How might you take the rate of return of certainty with you into your future?