Dr. Brian Portnoy and Josh Brown’s book How I Invest My Money, captures the stories and investment strategies of 25 top financial advisors. The book highlights that while there are established dogmas that tell you how and why you ought to invest, there is no ‘one-size-fits-all’ way to invest. Today we speak with Brian and Josh about the key insights that we can derive from their work. We open our conversation by exploring how they conceived and developed their book before talking about why fully rational investing is a myth. After diving into how we allocate money to solve our unique needs, Brian and Josh share how people use their portfolios to express themselves. We then discuss common investing themes in the book, including how most advisors have an aversion to debt, and how their experiences have guided their strategies and outlooks. From why we should place more value on social and human capital, we look into why financial planning has a profound impact on how you manage your investments. We touch on direct indexing, the relationship between money and happiness, and the unexpected yet incredible perspectives that came from giving advisors a license to tell their stories. Near the end of the episode, Brian and Josh reflect on how their book might have changed their views and how their work fits into their visions for the financial industry. Tune in to hear more on the usually secretive topic of how financial advisors invest their money. Books From Today’s Episode: How I Invest My Money: Finance experts reveal how they save, spend, and invest on Amazon — https://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084 The Geometry of Wealth on Amazon — https://www.amazon.com/Geometry-Wealth-Shape-Money-Meaning/dp/0857196715 Backstage Wall Street on Wall Street — https://www.amazon.com/Backstage-Wall-Street-Insiders-Investments/dp/007178232X/ Clash of the Financial Pundits on Amazon — https://www.amazon.com/Clash-Financial-Pundits-Influences-Investment/dp/0071817921 Simple Wealth, Inevitable Wealth on Amazon — https://www.amazon.com/Simple-Wealth-Inevitable-Financial-Advisor/dp/0966976312 Links From Today’s Episode: Joshua Brown — https://thereformedbroker.com/about/ Joshua Brown on Twitter — https://twitter.com/ReformedBroker Dr. Brian Portnoy — https://shapingwealth.com/about Dr. Brian Portnoy on Twitter — https://twitter.com/brianportnoy Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Ritholtz Wealth Management — https://ritholtzwealth.com/ Episode 57: A Masterclass in Business: Money Philosophy with Barry Ritholtz — https://rationalreminder.ca/podcast/57 Episode 102: Dr. Brian Portnoy: Underwriting a Meaningful Life — https://rationalreminder.ca/podcast/102 Shaping Wealth — https://shapingwealth.com/