Tom flips the script on this episode of “Truth Or Skepticism”, and interviews Dylan Ratigan. They move away from options trading, as Tom is skeptical of many things in Dylan’s world - most notably, financial media. The two debate everything from financial media moguls, to the fed policy and how it affects investors.
Why do we lack enthusiasm for learning about finance?
Dylan explains that he believes there is a lack of self-confidence among the public in terms of being able to control and grow their finances, which is why there is generally a lack of enthusiasm to be more knowledgeable about the subject. Tom disagrees and believes low fee index investing has killed the idea of learning about finance.
Have the federal policies worked?
Dylan states that the fed policies have worked in the sense that they have re-inflated asset levels, but those exact policies are a massive fundamental problem that will create much bigger problems later.
Does Dylan Ratigan want higher interest rates?
Dylan & Tom come to the same terms on this one, as they both want interest rate reform. Dylan wants a dynamic interest rate structure, and Tom agrees. Tom explains that desire is essentially the desire to have a free market when it comes to interest rates.
Where did traditional financial media go wrong?
Dylan breaks financial media into two groups - the WSJ & Bloombergs of the world, and the CNBC and NYTimes of the world. He believes the executives at the former group have a better understanding of markets, but aren’t experts at relaying that information to the everyday reader. On the flip side, the latter group wants to get paid, so their interests lie in the ad buyers who are paying them.
What is intelligent investing?
Dylan explains that there is more to investing than just money, and more to life than just investing. He believes in putting it all on the line and going for it...personal enterprise investing. In the markets, he’s learned that everything seems to be chaotic and random except for implied volatility, so investing around that is also intelligent.
This is only a snippet of the segment, so be sure to watch the entire episode below!
To see earlier episodes of Truth or Skepticism with Dylan Ratigan, you can check them out here!