Jun 2 '26, Tuesday
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Jun 5 '26, Friday
22:39·2 SPEAKERS·1935 WORDS
AExplain it to me before making like, helping me make a decision like that. And I also know that I must have also asked questions about what's going on and why we're doing it and how much we're putting. Like, I. I trust that at that time, I must have figured it out. But I have no memory of it. I just don't.
BThat is fine. Now I'm asking you to do that not just for the backdoor Roth, but all your finances. That's all I'm asking you to do. Make a decision now. Write it in a file so that you can refer to what decisions you made later. But fix your plan for five years and then don't worry about it for five years.
ABut you also talk about fix your plan. Fix your plan. Fix your plan. You've also not been able to do it. I feel like you are holding me to a standard that you also don't.
BBut because I care about making money, I care a lot. And I actively speculate. You clearly don't, right? That is why our plans can be very different. You don't have to compare with me. Why are you comparing?
ABut then if I say something like I don't want to actively speculate, I
Bam okay with it.
AYou have not arrived at investing in woo by yourself, have you?
BReally? Have you? Really?
AYes, Rajan. Have I not said it multiple times? It was what was taught to me in college.
BTo college.
AWhy is that? Not arriving at it by myself? If this is something I studied and like, this was the generic like thing that was arrived at after running a simulation. Like, why can I not say that? That seems good enough for me. Why am I not allowed to say that?
BFine, if you think that knowledge still holds up, fine. If you think you've arrived at it.
ABut now you're implying that the knowledge doesn't hold up. Now you.
BI've already told you I don't know.
ABut you. You'll say it in this way which will make me feel like instead of
Bsaying I don't think it's true, you will underconfident problem.
ANo, you are intentionally trying to.
BIntentionally.
AIf I say something like. If you say something like I think this T shirt looks good on me and instead of me saying I don't think it looks good on you, I say if you think it looks good on you, then you are welcome to make that choice. Which one is intentionally trying to make someone feel bad and which one is not and how is it?
BI think that's the difference in like our mentality. You think of it as that other person is trying to make other this person feel bad. That's not how I see it. I see it as that person thinking
Athat you have a vindictive motive here. But there is a better way to put it. And you didn't even try. You said it in the worst possible way. Like, sorry, but don't. You're telling me you don't see the difference between the two?
BWhat is the two? What are the two things we're comparing?
AI don't think that's a good T shirt. If your opinion is it's a good T shirt, then you are welcome to wear it.
BAnd what is the other option?
AThese were the two options.
BI don't think that's a good T shirt. Versus.
AVersus. Oh, you think that's a good T shirt. If that's your opinion, wear it. Implying that I don't think it's a good T shirt but not saying it like that.
BI've already said it, so that's why I feel like it's redundant. But I will redact what, like take back what I said and then say no, I don't think just I've said it because I've said it so many times. Are you saying that I've not said it?
AAnd so you have to say it in the worst possible way because you're saying it a third time maybe.
BOkay, let me say it again. I don't think it's good because there is a new technology that can replace your job and you should factor that in. That is my advice. That's it. That is the core thesis where I think you might want to overweight technology. That is it. But I also think woo, like woo is self correcting, right? Like it. It will obey more technology stocks if technology stocks will. So it will just maybe lag behind a little bit. But woo is a safe choice. I genuinely believe that. Risk appetite. Risk Lena. So go ahead, just buy Wu right now. And.
AIt just seems so simple to me that if out of two, two people there is one person who has an expertise on a subject.
BExpertise. That's a.
AYou have worked in finance.
BThat doesn't give me expertise about.
AYou have a graduate degree in finance, Rajan.
BThat does not give me expertise.
AYou are Warren Buffett. You are saying you are more of an expert than me.
BI am speculating. I am not an expert in anything.
AYou have a graduate degree. I mean, you're just being annoying right now. Did you not have a job in finance? Did you not work as a quad trader?
BRelevance advice Assume I'm an expert. Next. Next. Go to your next point. Let's assume I'm an expert here. What's the next point?
AThat if out of two people, there's one person for whom a subject is easier than another person, and these two people are in a relationship, wouldn't it be nice if the person who knows more about a subject helps out with that subject?
BIt'd be nice if what was on the line was not. If it was not the other person's entire life savings that this person has? No.
ABut do I ever put that kind of pressure on you that if my mother
Bexplicitly. Okay, just because you're not explicitly saying, dude, you, You're. I'm making you in charge. I also have a moral obligation of. This is someone else's money that I have not earned. Right. That weight is not lifted just because you are not explicitly mentioning it. Do you understand that?
AI understand that.
BAnd I, I've. I've tried to help you. I'm not. I'm. I'm willing to help you. Tell me how to help you. One, one help might be just to. I might stop saying anything about investing to you. Like, like daily. Not investing like daily. Maybe that might help. Maybe because passive investors should not look at daily prices. May almost every other week. As a passive investor, maybe you should not be like, that's not.
ANot. It doesn't bother me. I don't care. That information doesn't register with me at all.
BOkay. I'm. I mean, I was coming up with a solution to help you. Let me come up with more solutions. Or, or you. You feel free to pitch in.
ANo, the kind of solutions you're coming up with make us more separated as a couple. They're like putting more walls up. These topics will become off limits. Or this is like a thing we won't discuss with each other anymore. Or I won't tell you this about my life. And like, I don't think those are the types of solutions that I'm interested in pursuing.
BYou wanted help. Ask me for help.
AI don't feel like asking you for help.
BI don't. I feel like you. Just because you think I'm an expert, you want to almost entirely shift the responsibility of your own money completely to me. I'm not comfortable with that. I want you to know what is happening. Not just know. I want you to participate in your own money. It is your own money.
AI know it is my own money, stranger. And to the extent that I can, I do participate. Are you telling me that day we did the math. I didn't participate.
BNo, I'm not saying that I don't
Aeven remember that day. But I, I have enough faith in myself that I know that I, to the extent that I can, I did participate. Or like I remember when we were making the decisions for how to split. Split my 401k. Like when we were making that decision about 80 this 20 emerging market, all that, like we had conversations about it. Those questions I feel I understand enough to be able to answer. But sometimes you say things that like, feel so I don't even understand what you're asking me. I don't even like, I don't understand what you're telling me to do. And then you make me feel like about.
BI feel like, like managing your finances is a thing that you need to revisit maybe like once in three months at least. And by the next time you want to revisit, you've forgotten everything you have. Can I recommend like at least making a document with just. Mentions all the decisions you've taken to arrive at whatever you arrived Kiyehamne 10% post tax Q$ET. I feel like, it feels unfair, dude. I feel like I do try to help you and I have invested so much time in getting you to the spot where you are and you're still. And I still feel like you make me the villain. It doesn't feel fair to. Right now. I'm sitting here telling you I explicitly want to help you sort this out, make a plan for you, for you for five years. And the outcome of this conversation is how I have been shitty. I don't like helping people. And yeah, that has been the outcome of this conversation. And like it feels like at odds at what I'm trying to get out of this conversation. Instead of like concentrating on in the past. Can we not now come to a solution? What is the problem? Problem. Clearly you are having a problem problem. I feel like problem where I tell you what to do. Should I stop? Or like, what should I, should I model? I need to modulate my behavior, clearly. So what, what would you like? I honestly think you should know. You should be ignoring what I say. If you're a passive investor who doesn't, who, who doesn't care what happens in the market day to day. So I, I think I should stop saying stuff at like such a frequency at all.
AOr like, I mean, that's what it used to be, right? Yeah, I used to just buy woo.
BYeah. Okay.
AAnd then not think about it. And then you made me feel bad for doing that.
BCan we not am focus on what happened in the past, please? Can we arrive at a solution, rather something constructive? Please. You're always just diverting it to oh, I did shitty stuff in the past and harm a villain right now. Can we. Can we please not go there on every single turn? Can you focus on actually doing something good now?
AOkay, so we won't, I guess, discuss any of this. I will invest my own money. I think that is the most friction free way to go forward.
BOkay, And how do you intend to invest your own money? Do you need help with that?
AI don't think I want it from you.
BOkay, Fine. Let me know if that changes. I'll stop talking to you about money.
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