Shane Parrish
๐ค SpeakerAppearances Over Time
Podcast Appearances
In this sense, it changes our behavior.
And because it โ oh, like I want to invest in whatever this get rich quick scheme is or โ how do you think about that?
And how we teach this has such an impact.
And you mentioned high school students.
So one of my kids last year came home and he's like, we're having an investing competition in class.
And I was like, well, tell me about this competition.
And it was basically a weekly competition to see who could make the most money.
I was like, but you're not investing.
You're speculating.
I want to come back to the index funds for a second.
One of the comments we had before was people wanted to know what specific index funds you invest in and what the allocation within those is.
So if you had 100% of your money into index funds, what percentage is in which?
So you're a smart guy.
So you own VTI.
What is the S&P 500 right now?
I mean, the vast majority of that, that's weighted.
So a large, historically at least, a large percentage of that is made up of the top 10 companies.
Or the top three, let's say, yeah.
And you're smart and you hear this and you're like, well, I know history would indicate that this is going to go sideways.
So I should sell my index funds or how do you think through this or like, how do you keep going?