Episode 271: Expected Returns of the AI Revolution (plus People are Lying to you About Money w/ Anthony Walsh)

<p dir="ltr">AI is not new and financial mis-education is rife. These are two ideas that form the foundation of this episode, which features insights from Ben Felix, Mark McGrath, and guest speaker Anthony Walsh. To start our conversation, we explore the history of artificial intelligence and what it might mean for the future and beyond. During this Mark to Market segment, Mark McGrath shares his experience of owning property and becoming a landlord before we look back on Episode 155 with Don Ezra, where he revealed his thoughts on planning for life after work. Anthony Walsh, author of People Are Lying To You About Money joins us to discuss his efforts to remedy the lack of financial literacy among everyday people, how he approaches financial planning as a risk-averse person, and his move from lean FI to Coast Fi. He also shares his thoughts on the relative value of money, the importance of planning according to financial wellness and health, and more. Join us today to hear all this and so much more! </p> <p><strong> </strong></p> <p dir="ltr">Key Points From This Episode:</p> <p><strong> </strong></p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:04:07) The cycles of AI development, excitement, and disappointment in technological history.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:15:01) How technology bubbles impact investors and why investing in revolutionary technology is a questionable strategy. </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:18:50) The paradox of skill and how it applies to investment strategy. </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:23:40) Mark to Market Segment with Mark McGrath on real estate and rentals. </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:34:50) Looking back on Episode 155 with Don Ezra on planning for life after work. </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">(0:37:03) Introducing today’s gu