b'An excerpt from the book Transparent Investing: How to Play the Stock Market Without Getting Played by Patrick Geddes\\nEpisode 1893: An Excerpt From Transparent Investing: How to Play the Stock Market Without Getting Played by Patrick Geddes\\nThe investment industry wants you to believe in stock market wizards who can predict the future and make a killing for you. But there\\u2019s a simpler way to invest using indexing that offers better returns and less stress\\u2014no crystal ball needed.\\nWe all know from experience that rational thoughts often lose out to primal cravings: if someone handed you a plate of chocolate cake and a plate of broccoli right now, which would you instinctively reach for?\\nWhen investing, you face this same tension between the part of your brain that longs for the sweet, satisfying allure of beating the market versus the rational and wise part that chooses the boring solution offering better results. You also face an uphill battle against an industry that makes more money selling you the finance equivalent of chocolate cake.\\nThis is the truth the investment industry doesn\\u2019t want you to know: a low-cost passive portfolio not only earns you higher returns on average than active investing (the kind that makes them the most money) but is also shockingly simple to build and manage. Smart investing doesn\\u2019t have to be intimidating or as complicated as the faux wizards behind the curtain want you to believe. With Transparent Investing, you\\u2019ll learn how the game works and how to achieve your investment goals with far less study, time, and anxiety than you might think.\\nLearn more about Kyle and the book here: https://patrickgeddes.co/book/\\xa0\\n\\xa0Visit Me Online at OLDPodcast.com\\xa0\\nInterested in advertising\\xa0on the show?\\xa0https://www.advertisecast.com/OptimalFinanceDaily\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'