Angus Fletcher

speaker

2,582 appearances 3 recordings 2 series first heard Mar 2025 last heard 8 Jul

Angus Fletcher’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

Appearances

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Tetragrammaton with Rick Rubin · Angus Fletcher · 8 Jul 2026 podcast

And so once I started to follow that particular historical track, it became very easy to find examples for the book.

And the twist at the end of the book is that you've been reading this whole book, which is full of all these apparently different examples, but they're all really just Shakespeare.

Benjamin Graham is part of a whole tradition of investing.

And one of the things that I started to get fascinated with in the book is how investors work in volatile markets.

Because I'm very bad with money.

I'm the last person you want to trust with any money that you have.

But there are people out there who are really good at making financial decisions in markets.

And that's a real test of your common sense.

If you're someone who's always able to...

know when to buy and when to sell a stock, what essentially is happening is you're being able to gauge volatility appropriately.

And so I started to go back through the history of investing to figure out, well, who are the folks that figure this out?

The first person to figure it out was this guy, Benjamin Graham, who ended up becoming a mentor of Warren Buffett.

And what Graham decided is that people were going wrong when they were trying to predict the future.

So if you talk to many people who are just casual investors, they're trying to predict whether stock will go up or stock will go down.

And the thing about the future is you can't predict it.

I mean, the future is only predictable if today is the same as yesterday, in which case you're not predicting the future, right?

You're just existing at the same time.

So there's actually literally no way to predict.

Modern economic theory is a total hoax.

There should not be a Nobel Prize given out for modern economics because it's based on this fallacy that somehow you can predict how markets are going to work.

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