About this episode
Tom Cock takes the mic solo (with Don recovering from a “procedure”) and brings in advisor Roxy Butner for a special live episode. They reflect on Warren Buffett’s decision to retire in 2025, discussing lessons from his value investing strategy and massive cash holdings. Listener questions roll in on topics like compound interest assumptions, the risks of holding company stock, ETF mechanics, and how best to diversify for retirement. They also recommend the YouTube documentary Tune Out the Noise , tackle behavioral finance biases, and offer free portfolio reviews—including Tom’s upcoming in-person trip to Oregon. 0:05 Tom hosts solo, Don out recovering, show call-in number shared 0:53 Warren Buffett announces 2025 retirement; lessons from his investing style 2:49 Value investing, risk tolerance, and why most portfolios ignore value stocks 5:05 Buffett’s ultimate advice: low-cost index funds, tune out the noise 7:09 Guest Roxy Butner joins the live show for the first time 7:28 Listener Q: YouTube doc Tune Out the Noise and Dimensional Fund Advisors 8:44 Listener Q: Using 7% return assumptions—how conservative is that? 10:53 Monte Carlo simulations vs. flat-rate assumptions in planning 12:32 Saving percentages, lifestyle choices, and setting early-retirement goals 14:04 You can't count on future returns—only saving and diversification 15:22 Company stock danger: bias, volatility, and concentrated risk 17:51 Behavioral finance: home bias and overconfidence in familiar firms 20:32 Listener Q from Orlando: DFIV vs. VEU, building a smart ETF mix 23:30 Discussing stock/bond ratios, fund tilts, and tax efficiency 25:34 Roxy’s advice: multiple funds offer tax flexibility in taxable accounts 27:16 Listener Q from Ottawa: Do ETF trades affect prices of underlying stocks? 29:59 ETF structure explained, flash crash risk, and long-term thinking 34:17 Listener wants a Talking Real Money nickname—challenge accepted 34:44 ETF vs. mutual funds in taxable vs. retirement accounts 36:19 Free portfolio reviews and Tom's May 21 visit to Lake Oswego 38:29 Roxy's biggest mistake she sees: U.S. large-cap overconcentration Learn more about your ad choices. Visit megaphone.fm/adchoices