Does there need to be a loser for every winner when it comes to investing and economic growth?Topics covered include:What are zero-sum gamesHow trading can be a zero-sum gameWhy active management and seeking excess returns through security selections or country weights are zero-sum gamesWhy the U.S. stock market has outperformed the rest of the worldWhy economic growth overall is not a zero-sum game, but some aspects of the economy are zero-sum gamesFor more information on this episode click here.SponsorsGo to GetSunday.com/David to get a customized lawn plan and 50% off your first Sunday Lawn Care box.Use code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesWith the Odds on Their Side, They Still Couldn’t Beat the Market by Jeff Sommer—The New York TimesInternational Diversification—Still Not Crazy after All These Years by Cliff Asness, Antti Ilmanen, and Daniel Villalon—AQRThe (Time-Varying) Importance of Disaster Risk by Ivo Welch—The Financial Analysts' JournalThe Economics of Biodiversity: The Dasgupta Review by Dasgupta P.—GOV.UKWhy the economy is not a zero-sum game: a simple explanation by Nathan Mech—Acton InstituteDefending the Free Market: The Moral Case for a Free Economy by Robert SiricoRents: How Marketing Causes Inequality by Gerrit De GeestThe Threat of Rent Extraction in a Resource-constrained Future by Stratford B.—White Rose Research OnlineRelated Episodes421: Beware of Survivorship Bias When Investing426: Which is Best – Active or Passive, ETFs or Funds?430: How Should Personal and National Wealth Be Measured?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.