Evidence-Based Investing, Index Funds & Staying the Course
About this episode
Paul Merriman discusses evidence-based investing and the challenges investors face in a speculative environment with guest Steve Chen.
I recently sat down with Steve Chen on his Boldin Your Money podcast for a wide-ranging conversation about evidence-based investing — and why it matters more than ever in a world of speculation, hype, and constant financial noise. We covered my early days as a stockbroker in the 1960s, the psychology that trips investors up in downturns, how low-cost index funds transformed personal finance, factor investing and small-cap value, and why younger investors are being pulled toward gambling-like behavior through apps, crypto, and prediction markets. Whether you're just starting out or planning for retirement, I think you'll find it time well spent. KEY TOPICS DISCUSSED • The difference between investing and speculation • Why staying the course is emotionally difficult • Wall Street incentives and investor behavior • The origins of index fund investing • Factor investing and small-cap value explained • Why diversification matters long term • Rebalancing strategies and portfolio management • Financial literacy and generational investing habits • Why gambling behavior is becoming normalized • How AI tools like ChatGPT and Claude are changing education • The psychology behind successful…
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