Morgan Housel

And the new house that we bought was also, we bought it for twice as much as it would have sold for four years before.

So did we actually make money on that?

Like we could have, it didn't really help us that much.

And if we lived in a world where home prices never went up,

you would, of course, have a lot of crowing from homeowners who'd be like, I used to build equity and now I don't.

But the truth is, is that like, they're actually just as well off because the homes that they could buy if they sold now cost less as well.

I believe it.

Well, it's not going to be a long conversation because it's easy.

I dollar cost average and index funds.

I hope to own them for 50 years.

And that's it.

My entire net worth is a house, cash, Vanguard index funds, and shares of Markel where I'm on the board of directors.

And that's it.

And I don't think it needs necessarily to be more complicated than that.

I think it is very intuitive in finance to be like, I will do the best if my net worth looks like a Rube Goldberg machine.

And it's just so complicated.

And there's so many levers and strategies in this.

And it's not – I don't discount that smart people can do well financially with –

complicated transactions.

I just don't think it's necessary at all.