Episode 380: John Y. Campbell - Fixing Personal Finance

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision making from two Canadians. We are hosted by me, Benjamin Felix, Chief Investment Officer, and Cameron Passmore, Chief Executive Officer at PWL Capital. Welcome to episode 380. And this week's conversation was a quite a timely one. I've been thinking about this a lot as we had this conversation about how to kind of frame it.

And I think back to Ben, you and I did a couple of meetups out in BC and the reaction was very much appreciated, but it was a little surprisingly over the top. But I think that's a reflection, and you and I talked about it afterwards. It's a reflection that kind of what we stand for in Canada really sticks out like a sore thumb. And today's conversation with Professor John Y. Campbell and his new book really tied it all together for me.

It's just so fascinating how the timing of all this came together and what we're living, especially in Canada, and he talks about the Canadian experience. And it comes down to the line I wrote down is capitalism is broken in finance in Canada, where you've got a financial system that is so complicated for the average person that has come down to brands. And it doesn't come down to the decision of where to go doesn't come down to quality or price. It's about brands.

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