Shortly after they exchanged hellos, an old friend of Dan's enthusiastically told him about all the money he's made in penny stocks.
And what he said next pretty much stopped Dan in his tracks...
On this week's rant, Dan takes a look at the continued rise of risky speculations in the markets... and gives some advice for anyone still dabbling in them.
Then Dan invites economist Per Bylund in for a conversation about a topic not often discussed on the show. Per is Assistant Professor of Entrepreneurship and Records-Johnson Professor of Free Enterprise in the School of Entrepreneurship at Oklahoma State University.
His research focuses on issues of entrepreneurship, strategic management and organizational economics, especially where they overlap with regulation and policy.
Per explains how the long term effects of regulation are easy to ignore because they are often unseen. But if we want as prosperous a world as possible, we should all pull our head out of the sand and begin to pay attention.
Dan and Per also touch on the minimum wage debate, the Bernie Madoff fraud, and even some common economic fallacies touted by Nobel-Prize-winning economists.
Then on the mailbag, Dan has a couple follow up questions about buying into GBTC. Another listener writes in asking for some clarification on Dan's take on Warren Buffett and gold. And another listener asks Dan's thoughts about when it's time to take some profits off the table in Bitcoin.
Listen to Dan's take on these questions and more on this week's episode.
If you can never get enough true crime... Congratulations, you’ve found your people.
The Ron Burgundy Podcast
Will Ferrell reprises his role as Ron Burgundy in his brand new Ron Burgundy Podcast! Each episode has a different theme in which Ron engages in conversation with another notable person on the topic at hand. In true Ron Burgundy fashion, these conversations have a tendency to go off the rails, and we find out things about people we never knew we wanted to know. In season 2, Ron considers a run for President, continues to perform music, and blacks out at work. In Season 1, Ron addressed important issues like bullying and the mind-expanding nature of meditation, and attempted to ultimately answer the question “seriously, what is a podcast?”
This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.