Episode 83, Phil DeMuth, "The Tax-Smart Donor" and how to optimize your lifetime giving plan, host Rick Ferri

David Booth is the Chairman of Dimensional Fund Advisors (DFA), a firm he co-founded in 1981. We discuss his life and how DFA was created and grew.

Bogleheads® on Investing co-host Jon Luskin interviews Peter Lazarov, author of The Perfect Portfolio, about building an investment portfolio you can stick with for decades. They discuss how investment strategies should evolve as life circumstances change, why investors shouldn't count on a future inheritance, and how to assess risk tolerance by examining past behavior rather than relying solely on questionnaires. The conversation also explores index versus factor investing, the relationship between interest rates and bond fund returns, and the trade-offs between individual bonds and bond funds. Finally, Peter explains why he invests his own money in a single, globally diversified all-in-one fund, reinforcing the importance of simplicity and staying the course. o o o Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by Jack Bogle https://www.amazon.com/Little-Book-Common-Sense-Investing-dp-1119404509/dp/1119404509/ Ben Carlson on Inflation, Investing, and Why Less Is More: Bogleheads® on Investing Episode 97 https://boglecenter.net/ben-carlson-on-inflation-investing-and-why-less-is-more-bogleheads-on-investing-episode-97/ Ben Felix on Simplicity, Private Equity, Factor Investing, & Living a Good Life: Bogleheads® on Investing Episode 95 https://boglecenter.net/ben-felix-simple-investing/ The "Easy" Button for Investing https://www.youtube.com/watch?v=TYLWfC4fijo Save Taxes with All-In-One ETFs with BlackRock’s Jay Jacobs: Bogleheads® on Investing Episode 93 https://boglecenter.net/save-taxes-with-all-in-one-etfs-with-blackrocks-jay-jacobs-bogleheads-on-investing-episode-93/

Ben Carlson, CFA, author of Risk & Reward, joins the podcast to discuss why successful investing is often less about finding the perfect strategy and more about keeping things simple and sticking with a plan. We discuss the challenges of private equity, bonds and TIPS, inflation hedges, investor behavior, and why portfolio changes should generally be driven by life changes rather than market headlines. Ben also shares how his investing philosophy has evolved, including his thoughts on factor investing, momentum, and using a little “fun money” as a behavioral release valve. Finally, we dig into increasingly popular tax-aware strategies such as direct indexing and long-short tax-loss harvesting, including whether the potential tax savings are worth the added costs and complexity. Ben sums up much of the conversation with three words: “Less is more.” • • • Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: Ben Felix on Simplicity, Private Equity, Factor Investing, & Living a Good Life: Bogleheads® on Investing Episode 95 https://boglecenter.net/ben-felix-simple-investing/ Financial Historian Mark Higgins in Fireside Chat with Bill Bernstein https://youtu.be/tFeHc_tGh88 You Can Spend More in Retirement with Bill Bengen: Bogleheads® on Investing Episode 92 https://boglecenter.net/bill-bengen-spend-more-money-in-retirement/ TIPS Ladders with Kevin Esler https://youtu.be/FOKg3OmIHAI Owning Individual Bonds vs. Owning a Bond Fund https://awealthofcommonsense.com/2022/11/owning-individual-bonds-vs-owning-a-bond-fund/ Bogleheads® Live with J.L. Collins: Episode 19 https://boglecenter.net/bogleheads-live-with-j-l-collins-episode-19/ 2025 Bogleheads Conference Recordings https://boglecenter.net/2025conference/ 2026 Bogleheads Conference https://boglecenter.net/2026conference/

In this podcast, we talk with Meb Faber about his latest book, ”Investing in America: The Rise of the 250-year bull market.”

Ben Felix on Simplicity, Private Equity, Factor Investing, and Living a Good Life In this episode of the Bogleheads® on Investing Podcast, host Jon Luskin, CFP®, sits down with Ben Felix, CFA, CFP®, Chief Investment Officer at PWL Capital and co-host of the Rational Reminder podcast. Their conversation covers what drives long-term investing success, why simplicity beats complexity, and how investors can avoid distractions from expensive and unnecessary strategies. They also discuss: * Why low costs, diversification, and asset allocation matter most* The hidden incentives behind heavily advertised financial products, including private equity* When tax planning is mostly a sales pitch* Why all-in-one funds help investors earn better returns* Using money to build a happier, more meaningful life* Whether 100% stock portfolios make sense in retirement* Whether factor investing still works Jon closes the episode by sharing his own takeaways, including why simplicity frees people to focus on what matters most. • • • Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: Using Your Money to Be Happier: https://www.youtube.com/watch?v=S9InNdQhFwc PWL Planning Tools: https://research-tools.pwlcapital.com/ Bill Bengen on Bogleheads on Investing: https://boglecenter.net/bill-bengen-spend-more-money-in-retirement/ Bogleheads® Live with Christine Benz: Episode 37: https://boglecenter.net/bogleheads-live-with-christine-benz-episode-37/ Rational Reminder: Episode 316 - Andrew Chen: "Is everything I was taught about cross-sectional asset pricing wrong?!": https://rationalreminder.ca/podcast/316