Top Learnings from 2022 (plus 23 in 23 Special Guest Shaun Tomson) (EP.235)

<p><span style="font-weight: 400;">As we kick off the new year, we wanted to look back at our biggest areas of learning from last year. So this episode serves as a great companion piece to our year-end recap from a couple of weeks ago, but the focus here is on the personal impact that specific guests, ideas, and topics had on each of our lives. We cover ICAPM thinking, the nature of money, financial literacy, setting financial goals, the history of index funds, and more. For the second half of the show, we are joined by the amazing Shaun Tomson, former world surfing champion, author, and renowned speaker. Shaun is here to talk a bit about his latest book, co-authored with Noah benShea, entitled </span><em><span style="font-weight: 400;">The Surfer and the Sage. </span></em><span style="font-weight: 400;">We get to hear about Shaun's belief in the power of words, the specific conditions that can enforce this power, the lessons he has taken from a life in the ocean, and how the tragedy of losing his son influenced his life's trajectory. Join us to catch it all.</span></p> <p> </p> <p><strong>Key Points From This Episode:</strong></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Differentiating between the CAPM and ICAPM theories.</span> <strong>(0:08:02)</strong></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Long-run risks in stocks and bonds; demystifying safety claims. </span> <strong>(0:14:46)</strong></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Further illumination on the concept of money and how to think about it.</span> <strong>(0:24:27)</strong></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Learnings around the empirical side of financial literacy</span><strong>. (0:31:00)</strong></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Improved setting of financial goals and common mistakes that many of us make.</span> <str