Are the Economy and Financial Markets Zero-Sum Games?

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 games For more information on this episode click here. Sponsors Go 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 Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes With the Odds on Their Side, They Still Couldn’t Beat the Market by Jeff Sommer—The New York Times International Diversification—Still Not Crazy after All These Years by Cliff Asness, Antti Ilmanen, and Daniel Villalon—AQR The (Time-Varying) Importance of Disaster Risk by Ivo Welch—The Financial Analysts' Journal The Economics of Biodiversity: The Dasgupta Review by Dasgupta P.—GOV.UK Why the economy is not a zero-sum game: a simple explanation by Nathan Mech—Acton Institute Defending the Free Market: The Moral Case for a Free Economy by Robert Sirico Rents: How Marketing Causes Inequality by Gerrit De Geest The Threat of Rent Extraction in a Resource-constrained Future by Stratford B.—White Rose Research Online Related Episodes 421: Beware of Survivorship Bias When Investing 426: 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.