What is the difference between investing and speculation? Why do profits matter, and what role do dividends play in building long-term wealth? Paul Mueller sits down with investor and author David Bahnsen to explore the fundamentals of capitalism, the importance of ownership, and why productive enterprise remains the foundation of rising living standards.
They also discuss the growing gamification of investing, from day trading and options to sports betting, prediction markets, and crypto, and why the pursuit of quick riches can distract people from the slower, more durable process of creating wealth. Along the way, they examine corporate governance, shareholder engagement, and index funds. They also discuss personal responsibility and how young people can approach wealth-building with greater patience, imagination, and confidence.
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