transcript · 14,373 words

I put 80% of my money in the S&P

Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

All right, Sean, I have a study that's gonna show why the amount of money that you make is almost entirely out of your control unless you do what I tell you to do. How's that for an opener? But I want to I'll put my all in it like a day's all on a roll less change. Okay, I'm intrigued. Go on. What do you mean? What do you mean it's out of my control? Nothing's out of my control.

Uh it's about as out of control as it is your ability to control if you're seven foot tall or not. So I got up to give a shout out to Jim O'Shaughnessy. I saw a clip where he kind of like brought me to this topic. He talked about the study that I'm gonna reference. So In twenty fourteen, there was a researcher in Sweden named Heinrich. Interesting things about the Swedes is that they are obsessed with two things. Twins. And money. So Sweden has this massive twin database where they have many, many, like hundreds of thousands, hundreds of millions of twins that they've documented.

And for some reason you're they track twins. I think originally they did it for health reasons where they wanted to track like uh what type of twins got diseases and studies, right?'Cause nature's controlled, so it's all about nurture. Yes. And so they have this Like massive database. And they were able to break the database down into fraternal twins, which are twins that are born at the same time but don't look alike. And identical twins. They're also obsessed. With money.

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