"Dave, You're Stupid and Arrogant! Are You Smarter Than Warren Buffett?"
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- เผยแพร่เมื่อ 10 ต.ค. 2021
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Caller: "You're stupid and arrogant"
Dave: "Better than I deserve"
Sell your car.
😂😂
Rice & beans!
You’re gonna need a bigger shovel
😂😂😂😂😂
Caller: "You're stupid and arrogant"
Dave: "Sell the car"
😂😂😂😂
I just laughed so hard
Haha
😂😂😂 amazing comment!
Deliver pizza and rice and beans
Caller: “You’re stupid and arrogant.”
Dave: “What’s your household income?”
😂
I would have died if he said that
😁
This comment Is so funny 😂
😂😂😂😂😂😂😂😂😂
I’m trying to be on the level of unbothered that Dave Is on.
Seriously!
That's the confidence of a lifetime of experience vs. some guy on the phone. Good stuff!
Im telling youuuuuuuuuu
I said yo i thought i was unbothered but this is next level
Yeah that was a good lesson on stoicism from Dave…. Love his reaction
It took him a while to get here. He really doesn’t even do big rants anymore. It’s the growth for me.
That’s a whole class on remaining calm right there lol. Be confident in your position and defend with relaxation 🤣
💯
I would have lost it definitely...😱😱😱
Goals. For real.
Mathematically, the caller is actually right. The caller just didn't express it in the most polite way, or even remotely so
Lol
Dave literally didn’t care at all about how this guy insulted him right off the rip. We all need to have Dave’s patience!
Shocker. Dave is one of the biggest hypocriteson the internet.
It’s not patience. It’s called his worthiness. Dave knows who he is so therefore, stupid comments doesn’t affect him.
He's prolly had to work on controlling his emotions as a young man. Plus he's a celebrity so he is gonna have lots of people putting him down so Dave Ramsey had to learn to be thick-skinned.
Great to have patience, but the research on this the last 50 years is very clear; actively managed funds doesn’t outperform the market adjusted for fees. The fact that Dave says «it has worked for me» is telling a lot. Ask any PhD in Finance
Dave is not a patient man. Quite the opposite. He’s just displaying this at the moment.
Chris is definitely the kind of guy who just loudly talks over people when arguing, only listening to his own "logic"
Aka a leftist
@@mollyhayward8383 or a right-wing delusionist
I can't stand people who think the louder and more obnoxious they are the more right they are.
@@duyle-ej6ty no such thing.
Chris seems to have his brain disengaged it’s probably his lifestyle.😂
Dave's "How old are you?" killed me. Lol 🤣
"I got socks older than you" that killed me
Exactly. Asking that question is a subtle way of saying “you might be 60, but right now you’re behaving like 5”. BAM !!!
I thought the same, thought the guy was a pre teen that hit puberty early with the way he was talking
wow wasn't expecting a calm response from Dave. Completely handled that caller. Such a rude caller.
Dave handled this call with total class
Dave's been rude plenty of times, please don't deny that.
@@Cookieboy70 Dave is SO rude to normal people with normal questions, especially recently. Not sure why he couldn't use some of it on this guy instead.
@@SalisburySnake I think because it would be too expected. Ramsey wasn’t going to have a yelling match with the guy or be emotional. Caller wanted that he knows that.
@@alp.9672 ya the caller wanted a reaction out of Dave and Dave picked up on it right away
I love how calm Dave stays while this guy is trying to chew him out. It’s hard for a lot of people to not let emotion drive their responses in a conversation. This is something I am still learning.
It is good quality if you are a gangster on the streets, but not if you work in an office, professional environment.
@@hardassteel it's great in all settings
@@Tunechi65 Not in corporate office environments, get fired.
Lol it’s because he’s filmed
@@hardassteel fired for staying calm in the face of rudeness? that makes no sense
This was a Master Class in calmness and confidence in one's argument--Dave even had the guy agreeing with him at one point. I can't believe Dave stayed so calm. Even his body language didn't belie what must have been going on in his brain. This is a great lesson for us all.
Not so. At 1:03, just as Dave's about to respond, he crosses his arms in a defensive mode, which is very telling. Left hand's twitching pretty good too (esp. index finger). His body language belied quite a bit, actually.
I like that word “belie.” I'm stealing that one, thanks!
@@purselmer5931 No, Dave always has that type of posturing. Watch all his videos clips and you will see him doing that for the calmest and nicest of calls.
The caller did not agree with dave. He was still pushing his own point at the end when he said "that is true" talking about his 50%fact. lol but still dave handled it really well.
Maybe because Dave usually received rough comment like that or coz he is Biblical man..😁
He said “you’re stupid and arrogant” then long paused waiting for the fight. 🤣
Cracked me up! I’ll bet he was disappointed when Dave didn’t re-act!
Dave: ….👀 ok
That part was the most hilarious... The cricket sounds on Dave's side😂
Dave's response is the appropriate way to deal with people...especially in today's emotionally charged, reactive world.
@@gmllz : Absolutely! The pause was just funny.
"I've got socks older than you" 😂
*stocks
My response...im not surprise you stubborn old farr
Dave, you’re a class act. Few could have handled this as well as you!
I hope to have this level of self esteem and patience one day, cause i would’ve retaliated as soon as that clown disrespected me. Lol
Caller wasn’t done ranting and Dave pushes the hang-up or silent button and dude is done on the air lol. Love it
“I’ve got socks older than you”
Budgeting at its finest ✉️
I kinda believe him too 😆
I think he said stocks, but socks is way funnier!! 🤣🤣🤣
@@frankhernandez693 lollll 😂😂😂😂
Enough about stocks… Let’s talk about socks
I heard socks. Maybe he said stocks??? Nope. I heard socks. 😁
Dave's patience skill is improving over the years, his reaction was quite admirable.
That was my first observation. The calm and confident response was oh so admirable and demonstrated his depth and breadth of his knowledge. Loved the call!
I’m pretty sure it has to do with Dr D 😭😂
He can't get upset. He has been calling people stupid for years.
@@rwilbher89 Delony has been such a good influence on him haha
I thought the same thing!
"You're stupid and arrogant!"
"You should probably sell the car."
The level of patience this man has is immeasurable.
😂 Dave did great and was very calm on this call, which I definitely wasn’t expecting with that caller’s rude approach. Dave has changed a lot because I was expecting a show down lol
Exactly, I respect him more for this.
Right! I was waiting for Dave to go hillbilly on him 😂! Dave was ready with the facts, he’s got the socks older than that guy 😂
He's thinking about retirement lol 😊
which he could've done years ago, but the financial freedom he has has not stopped from trying to help other people. This caller comes from a place of arrogance, and I definitely wouldn't take advice from someone like that.
seriously! no kidding!
Papa Dave handled this like a pro, I think it helped that he had a psychologist sitting next to him.😆
Good example of how to respond when somebody offends you. It’s difficult stay calm and respond properly when someone offends you or your ideologies. Dave handled it so well. 👍🏽
He didn’t get offended
Yeah. He has to handle it that way after years of calling people stupid and snowflake. Of course, he has to take it..
Over time you learn to laugh at people that don’t know what they’re talking about. You just take them to school or ignore them.
His chance at offending anyone was gone when he went “ so first question are smarter than warren buffet?”
@@brittanymillerry2327 Dave should have asked: Are you Sir smarter than a 8th grader? Let's see.
Dave handled that with amazing poise. The only question I wish he would have asked that guy was what his net worth was.
Aw yes! Good point!
He probably would’ve lied and inflated his worth.
That is a good point. You do commonly see that a lot of people who have all the answers don’t actually have any investments themselves.
the fact that you have $250M doesn’t make you win an argument. The science on this is clear. Passive and very cheap index funds outperforms actively funded. That is just a fact. Just ask anyone with PhD in Finance. It isn’t easy as Dave says to pick a fund that will outperform the S&P AND the 2-3-4% fees. Dave can to what he want, but to give advice to people with 0 knowledge on finance to find avtively managed funds is just very stupid. His audience has lost a lot on that.
Facts or not, actively managed accounts or index funds ... we can all agree on one thing : Dave's calm demeanor after being called "stupid and arrogant" RIGHT off the bat was nothing short of 100% respectable. Well done Dave. "Whoever is the most calm wins." Dave won.
The research is very clear. Dave loses. Ask any PhD in Finance.
@@deleder557 any?
@@deleder557 are these people with phd in finance as successful as Dave Ramsey?
@@garryduran1941 one person successful vs several dozens studies that compare active vs passive funds? It is not very difficult to do. You just look at the return and adjust for fees. You can get passive funds for 0% fee. When one can hope for 7-8% return, then 2% fees are a lot. Whether Ramsey is rich or not has not got anything to do with it. Even pros who leads big funds can’t create a return higher than passive funds adjusted for fees, and Ramsay’s tip for a single mom is to go out there and pick a active fund which beats the market? I would reckon he earns a commission.
@@VinhNguyen-ye9fx Since you like ad hominem arguments, Warren Buffet says the same as any PhD in Finance: actively managed funds are nonsense. And yes, Warren is quite richer than Dave. Happy? Do you really need to have a billionaire telling you that 2+2=4, because a millionaire told you that 2+2=5?
This guy was rude, if you disagree with someone just walk away, Dave out here trying to help people did good job to control himself.
Totally.....I don't agree with everything Dave says but like you said, if you don't agree just walk away. Or don't listen. People these days.....sheeesh.😡
Dave has no problem calling someone stupid or arrogant either...
The guy was right but rude; though he really didn't behave any differently than Dave often does.
Very true. I don't know why anyone would want to call Dave just to make themselves look stupid. LOL
I was impressed by Dave's calm demeanor
Caller: Are you smarter than Warren Buffet?
Dave: Are you smarter than Dave Ramsey?
Dave: Are you smarter than a 5th grader? What is your household income, mine’s a bazillion dollars a year!
😂😂😂😂😂
PERFECT!
Lav Yar self (lol). Love it!!! Thanks for the chuckle. Sooo true. : )
I mean. The guy is a dbag but Dave regularly uses the "I make more money than you therefore I know more than you" routine. Well by the same logic, Dave should concede to Warren buffets views.
Disagree with Dave here about funds, but can't argue with his calm and composed demeanor. The man is a legend.
Lol
Ditto
Word. What I’ve never understood is why people feel so passionate in their need to debate him. If you don’t agree with what he does then just do what you believe in. It’s rather simple. There’s things Dave believes in that I disagree with. So I don’t do those things and listen to the predominate majority of things that I find wise. It’s all good.
Actively managed funds can outperform the index funds (note: "index funds" are managed, just not as actively) but many don't. Also with both perspectives here things have to line up just right. The 50% more deal is pretty much impossible. Caller dude is pretty arrogant
@@greggpurviance7252 is that so? Even actively funds that try to beat the s&p? I’ve read a lot of Bogle’s research and he says how passive index funds can make you more $ in the long run
I am actually glad that Dave was able to stay cool during the call!!! I am also glad that the caller didn't continuously interrupt Dave.
Wow. Regardless of your opinion on the issue(s) being discussed, calling someone and opening up a conversation by telling them they’re stupid and arrogant is just rude and disrespectful. This is not how you have a conversation. Sorry you experienced this, Dave, you handled it well.
Attack the message, not the messenger. Whenever someone goes into personal attacks, it just makes them sound like they don't know what they're talking about & then the conversation devolves into mud-slinging which is never productive.
Chris has bigger issues and Dave ripping him to shreds wasn’t going to help him. Very classy, Dave! Stick to the facts and refrain from personal attacks.
It's called being a troll. That's how the internet works, and I imagine anonymous voice calls into a talk show.
Dave handled it AMAZINGLY but I’m glad he had someone argue with him - refreshing
Dave was quickly able to compartmentalize this kid's behavior into "not worth getting mad at." Something I can learn from.
A 35-year-old isn't a kid. He was too long in the tooth to do such that adolescent arrogant rant.
@@jazinegrrrl Some kids never grow up
@@jazinegrrrl I reakon he was late 20's and he just said 35 to sound more sophisticated
If I’m going to be honest, I completely respect Dave but I disagree with him on quite a few things, mainly his low risk tolerance, especially when it comes to people in their 20’s and 30’s but the way he handled this rude caller absolutely solidifies my respect for him. I have a tendency to be a bit reactionary, especially if someone just out right told me I’m stupid and arrogant. I can learn a lot from dave even with finance aside.
Much respect Dave. I wish I had grown up with a father who could’ve shown me that this is how a man acts.
At least ir makes you look and learn. The baby steps got me out of debt and on a track to retirement.I'm on BS7 now, my money is mine and I can choose to do what I want with it as long as I stay out of debt!
Invest in riskier stuff with money beyond your 15% base. I don't think Dave would be against that. "If you burned the money would you miss it" philosophy.
Couldn’t have said this better myself
I would’ve cursed that dude out without hesitation. Dave is a gentleman
You gotta think, tho. He's hammers home low risk because the people coming to him that listen, usually make dumb financial mistakes... or at least one point in their life they did.
Caller: “Dave, your stupid and arrogant!”
Dave: “I think we’re confused about who’s arrogant on this call!”
🤣🤣🤣🤣
His voice sounds is exactly how I imagined every trolling know-it-all who spends way too high a percentage of his life online. I bet he's a treat to his family, neighbors, coworkers, & friends.
What friends??? Lol jk
You mean about to burst into tears?
He is from Los Angeles. This is literally an everyday person from that entire county and surrounding areas.
californian
BINGO! I bet he gets invited to a lot of tailgate parties, etc.
My guess is that Dave is actually really irritated by this rather rude call, but would never give the guy the satisfaction of getting riled up. It is entirely possible to disagree with someone, politely. Indeed, polite disagreements tend to lead to a greater sharing of knowledge and both parties can walk away with more knowledge and information than before. Ah well.
Several people with different views have sent Dave questions. This caller just wanted to pick a fight, because he thinks he knows everything.
I was listening to this podcast when it aired and he was actually very cheery, laughing and joking and afterwards it was more serious. Even the debt free scream that followed you could tell he wasn't happy.
@Anthony Harris Did I say that? No. Silly response.
Dave handled this conversation masterfully!! Like a true “humble” professional!
It didn't make him right tho, the guy was rude granted, but Dave is full of crap too
Indexing vs active managed funds is one of the few things I disagree with Dave on. I hope that in the future there is a chance for him to have a less combative and more indepth conversation on this subject.
He won't change. His income comes from shilling active management
Exactly, the financial kickbacks for referrals to active management are huge, and at the end of the day, Dave is running a business
There was nothing combative about his reply to this rude caller he was basically stating his point and opinion that's all
Terry Hill yeah, pretty sure he meant the caller made the conversation combative
To a point I agree, but the caller DID start off by saying that he's stupid and arrogant...
Yikes. I don’t agree with Dave on everything but this guy was out of line. You can disagree without being this rude.
Yes he was rude... but he told the TRUTH and Dave was LYING.
@@johnSmith-uz8nl Truth? actively managed funds arent getting outperformed by 50% idk what truth he had.
@@johnSmith-uz8nl What would Dave get out of lying? He tells people to do what he does. But like everything else, do what works for you.
@@vickieclark5931 It is not about "WHAT WORKS FOR YOUR"... there is enough statistics that WE ALREADY KNOW. If you use a financial advisor you are most likely 95% most likely WILL NOT MAKE as much as investing in the Index fund. Based on past history, there is enough facts to clearly say... DO NOT USE A FINANCIAL ADIVSOR... it is NOT... "What works for you..."
@@vickieclark5931 I believe Dave gets a cut of the profits from the 'smartvestor' financial advisors he refers people to. And they get more profit if they recommend active funds instead of passive ones.
Dave Ramsey is not a stock guru, he’s a financial and life coach.
Yup.. Coaching real life people to wealth.
People miss that point! If you dont get rid of your debt, wether dave is right or the caller won't matter. You will be broke
and it has been proven many times financial coaches have failed why? because they cannot see the future all investments are risky even losing your job is risky, but I do agree Warren Buffett is better in many decisions except for a few things, but we do respect everyone's
on decisions it's their own money
And therapist to some 😂
@@Jmack1lla I’ve never heard him say to blindly invest in a company’s 401k or only rely on one source of investment. I have heard him often explain how investing is a roller coaster. There will be wins. There will be losses.
Caller: "You're stupid and arrogant"
Dave: "Start delivering pizzas"
“Whats your houshold income” lol
I love how Mr. Ramsey handled that call in such a respectful and professional manner. Most people would have responded in a very negative way instead of educating the caller.
I genuinely thought the Ramsey show was trying to click bait me with this title
I was not expecting this call to go this way 😳 😂
I love Dave. He handled that called with so much tact and professionalism bc he is confident and knows his stuff!!
Dave is a master and he knows how to handle these kind of calls. The caller said he was 34 or 35 years of age...there is no way someone who is 35 will take down a master....this is where EXPERIENCE makes all the difference. But anyway, a fun call to observe. Thank you Dave Ramsey for all that you do!
It's the guy's shaky voice that does it for me. You can imagine that he hyped himself up in the mirror in an Eminem-esque "Lose Yourself" way before making the call
🤣🤣
"You tawking to me?"
Right. He was way too amped up for no reason. He could have made the same argument and points without getting overly emotional.
Ha! I'm visualizing this now!
Jajajajajajaja 😆
He told Dave to "Google it" 😂😂
That's what I was laughing at....🤣🤣
That tells us all we need to know about this guy 😂
Hahahaha😂😂😂
I don't think he was telling Dave to "Google it;" He was telling Dave's listeners to Google it. Dave likely already knows that index funds are pretty much ideal for the vast majority of investors. Now, Dave's listeners may not be aware of that fact. So, a person can laugh all they want; however, they may want to take the callers advice and look up the impact of fees on an investment over time. Heck, you may take a dimmer view of this call.
@@wiscohio6170 Gotta love how people defending Dave are the same ones that will underperform.
The level of cool Dave has is unmatched. Dave did throw some shade at Buffet 😂
Even though the caller was extremely rude, he’s not wrong. Dave is absolutely wrong when it comes to expense ratios for index funds. Actively managed funds are TERRIBLE when it comes to expense ratios. Yes, you won’t see a big difference at the beginning, but as your account grows and compounds, you would have up to 50% more over the course of 30 years. For example, if you have an expense ratio of .04%, that means you pay $4 for every $10k invested in an index fund as some actively traded funds have 3-5% expense ratios with similar returns.
This is crucial when it comes to looking at compounding interest. If you have less dollars going into someone else’s pockets and more money in your actual index fund, your wealth will grow dramatically faster.
Dave Ramsey gives great advice on debt, financial literacy and mindset, but please for gods sake, don’t just buy mutual funds when you could make so much more over time in index investing.
Well said...Dave is great on debt and budget...we go elsewhere for stock and real estate moves...pick and choose the best from each
CHRIS!!
Yes the caller is correct. Most 401k will not let you pick index funds only mutual funds from my experience
And on top of that actively managed funds more consistently underperform the S&P500 anyway. It's less consistent. If you are going to bet on someone else managing your money id go for longevity and consistency first every time. If you want massive growth buy the same stocks that congressmen and women buy (that info is disclosed publicly, legally they have to) usually it's obvious stuff: Apple, AMD, Disney, etc.
I am going to start managing my own retirement accounts next year, I have lost patience with paying others to be inattentive with my money. They buy maybe once a year and thats it. They have too many bigger clients to worry about. Fine! Then i'll do it myself. 🤷♂️
@@Cenlalowell that is incorrect, you can use just about any investment vehicles in your 401k
I don’t agree with Dave on actively managed fund fees (and he purposely skirts round it) and for the average person investing the compounded fees over a long period of time have potential to eat a huge amount of your investment.
That said however the caller is just being blatantly rude and missed a great opportunity to discuss and debate it with Dave on the subject.
Or even just listening would be helpful. The caller already knows what he already knows. Might as well listen to someone else and learn more. Discussion is always good.
@@MariaMaria-sr8zg Except for the fact that Dave makes money off of the actively managed funds he shills. It's not an equal discussion when there's an incentive on the other side.
The caller was right but did wrong. He should calmly stated the compound cost of the fees in the long term. There is no point in disrespect, he worked against his merit. Actually, this approach was very convenient to Dave.
Exactly what I was thinking!
Yep. I agree.
Agreed. The caller should have been more respectful. However, Dave should tell the viewers what funds provided him with consistent 10 percent plus returns.
@@vanallen1673 Exactly. As far as I know, Dave has never revealed what funds he himself invests in.
@@vanallen1673 I may be wrong,, but mentioning the company could entail direct financial advice, which he can be sued for. I can tell you I personally have mutual funds and one of my funds is out performing the S&P by over 1 1/2% yearly.
The caller is right but approached it all wrong.
Can’t believe how calm he stayed through all this! I’m learning a lot from this! Thank you Dave Ramsey!
“Where the money is going is not relevant to the mathematical discussion” ….you’re so good Dave :)
He said what I was thinking
@Avi Mor Then why did he bring up how Buffett invests? Your guru cracks small lies that arent backed by science.
That was actually him (and probably you) completely misinterpreting what the caller was saying. He was saying that when it comes to a regular person, i.e. his wife and descendants, Warren Buffett does use the index funds.
Dave is a Smooth Operator 😎
Dave Ramsey's level-headed & relaxed demeanor is absolutely awesome, here & I love it...
I learned a lot from Dave about how to keep your composure when discussions go in this direction.
I was surprised when he said 35 😂
Yeah. You would think he would be more mature than that, by that age.
He was probably lying.
Probably still living at home with his parents.
@@wardserpentine1941 I was thinking that.
Warren Buffett says the average guy will do better over time with index funds because that is not their main occupation and they don’t have the time to actively pick out individual stocks like he does. Buffet is not being inconsistent, he’s just giving advice.
Those are his instructions for the money he will leave his wife. That says a lot.
@@genxx2724 who probably knows little about or desires to know little of investing.
@@lhs66 Most people don’t. Warren Buffett spends all day analyzing companies. I certainly don’t have the time, knowledge, or interest.
The “how old r u?” made me burst out laughing 😊
"I got socks older than you" is the hardest hitting comeback ever.
The minute I saw the title, I had to watch it.
I’ve actually been wanting to ask Dave this exact question. I’m a bit sad it was asked in such a rude and arrogant way, but Dave’s answer didn’t disappoint. Thanks Dave!
He's incorrect
Index funds>Dave's recommendations
Don’t bother. Dave is wrong, the Index outperforms activity managed funds over the long run more often than not. I work in Finance, this is reality.
However, Dave makes money off these funds, and selling his book, so it’s not in his interest to tell the truth.
You will do better on the index than using his high fee funds.
@@joshdawson5850if you work in finance I’d assume you also make money from index funds (unless you don’t invest in the things you recommend others invest in) so if making money from something means you can’t tell the truth it would seem you have the same problem.
@@joshdawson5850does he get a commission?
I love how you can tell how upset and emotional he is just by his tone of voice. kudos to Dave for staying cool and level headed, theres no point in giving that negative energy back
Why is the caller so angry?!?! He’s acting like a child.
Simple…..he thinks he knows more than Dave.
Yeah, what an arrogant caller. Dave handled it well
Arrogant or not... the guy spoke the truth and Dave sinned it enough to fool most people. It is a shame that Dave just doesn't help people maximize their wealth buy explaining index funds and how much better they are then using a financial advisor.
“Arrogant or not” no…. It was arrogant. He’s never spoken against index funds, always for growth stock mutual funds.. which is excellent financial advice. He literally talks about this in the video. Cmon man.
@@jasonathey2551 Yes, he talks about "using HIS advertisers" to invest in growth stock mutual funds... WHICH IS NOT EXCELLENT ADVICE because the data is in and Index funds out perform them over time. And you pay buy and sell order fees and you pay a percentage to have your money managed. The caller was right.
Dave handled this call well. Interesting how rude the caller is and how "stupid and arrogant" he comes across. This is one of those guys that is never wrong and would argue to no end. 🙄🥴
I’m more shocked by how he fails to see the irony in how he himself is acting. The lack of self awareness with this one is strong.
Life lesson. Never argue with fools.
I think we could all benefit from a straightforward, fact based comparison of the two strategies using actual fund histories. The caller’s approach totally shut down what could have been a very valuable conversation. I appreciate the way Dave kept his cool. Very professional. I hope this leads Dave into a show where each strategy can be thoroughly discussed and compared.
Science has already done that. Passive wins. Just google it. No debate about it. Numbers show it
The stats have shown that the caller is actually right when it comes to index funds vs actively managed funds. You get approximately 1/3 more ROI over the course of a lifetime. Dave's not always right and this example has been proven by the Vangaurd Group over and over.
Not to mention that even if mutual funds return the same as the index fund, the fees on a mutual fund are much higher. Over years or decades, those fees compound just like your gains. I love Dave's advice about how to get out of debt, but I believe there are better voices out there when it comes to what to do after your debt is gone.
@@TerraAcox agree completely with both of you
Yeah but Dave doesn’t get those sweet sweet checks from his “SmartVestors” if he pushes index funds.
What stats? Got a link? (curious myself...)
@@LaneDenson The science has been settled. But Dave loves his Smartvestor pros commissions. Unfortunately, he's not recommending what's best for his audience.
I was so impressed with the way Dave handled this rude and obnoxious caller. He maintained his poise and handled it with more grace and dignity than this caller could ever muster. Way to go!
Wouldn’t it be wonderful if all human beings handled exchanges or disagreements in the same respectful manner. That was a five minute college course and life lesson.
@@beyourbestselfeveryday391 I agree.
👌🏼👌🏼👌🏼"I have socks older than you"
What people sometimes miss is that Dave is a Believer and bases his life and habits and advice on Biblical laws.
Once you get that it clears up the mystery and the questions.
God bless you sir and keep up the good work 🙏🏼😌🙏🏼
@Ryan No, he said "socks". It's a phrase.
Absolutely :)
Bible encourages investments of course
Another phrase is I have underwear older than you. I actually had to tell a newbie airmen that. I asked if he needed me to call his mommie for him too. He finally got it and I didn't have to call his mom. Lol
The level of unbotheredness that Dave displayed is inspiring. Def learned something here. I peeped him smoothly hitting that button, though. I guess was him hanging up on the guy lol
He can have the conversation without being disrespectful. What a guy.
This is hilarious. Why did this guy think this was going to go well?
It was pretty well planned... 😏
He went to college. For grievance studies and dance theory.,
I'm just wondering what question did he use to get on the show through the screening. He obviously lied about having that question lol
@@justincaldero5174 He presented the question the way it appears on the graphic at the bottom of the screen most likely.
This guy just said the truth.
The level of patience Dave has with this entitled, rude caller is a master class in professionalism. *chef’s kiss*
Thanks Dave. You stayed cool and calm. I learned something. Never let them see you sweat. Great job 🥰
Dave handled that better than I could have dreamed. Great, calm response to a “gotcha” question.
Caller: You are stupid and arrogant !
Dave: Sell the car !
🤣🤣🤣
Didn't the parents of this Very Young 35 yr old ever teach him manners in properly addressing a gentleman old enough to be his Dad? If this young man wants to have his OWN radio program teaching his principals of wealth, it's possible in the U.S.A.
I'm really impressed with Dave's ability to remain calm and assertive, he was completely clear minded and calm in responding to all of this.
Love how calm, cool, and collected Dave always is when put in situations that would push others over the edge.
I gained a lot of respect for Dave after watching this. Caller wanted to start drama. The real lesson here wasn’t about finances, but how to deal with dramatic people.
Same here bro. He handled that with true professional and emotional discipline.
"I'm not sure where you went to school for your math class, but you failed." 🤣
😂😂 Dave is a savage
But it is Dave who failed the dude is 100% correct
@@TheDjcarter1966 And Dave said that in some instances, he is right. But Dave teaches what works, and he's probably been a lot more successful than the "smart" person who called.
This was a little debate that i actually wanted to see how Dave would response to
I think Ramsey’s actively managed funds will be put under a microscope now. No one beats the index consistently over multiple decades. If what he stated was untrue and he used it to sell his funds, this may backfire on him spectacularly.
@@Omikoshi78 that’s basically what happened here. He also failed to mention how much more an active/mutual fund costs vs an index fund which basically costs nothing in comparison.
@@brett2396 I can’t believe he aired this. His legal counsel must be sweating bullets right now. The side kick should have kept his mouth shut but he had to chime in 🤦🏼
The caller was rude but Dave didn't have a great answer except he is a multi-multi-millionaire because he knows index funds are much better for the common investor than the actively managed funds and smartvestor pros that push them. Then he compares what Buffett does (pro investor) for a living to what he recommends his wife (common investor) should do after he passes. Using active investing with loads and fees is the wrong answer and he knows it but he's in too deep.
@@cdryuncle 💯💯
Dave, you’re awesome!!! I always appreciate and love your advice. I trust what you say. Ur advice has never let me down.
As soon as Ken said I got a book for you I knew he was going to say “How to win friends and influence people!”
If you want to influence a change in conversation you don't start off with insults. What this caller may have to offer to the conversation may be something worth while, but he started off with a very egoistical approach that shuts down any conversation. So even if he had something worthy, who really cares at this point.
Moral of this story: If I don’t recommend managed funds, I make no money with my referrals to them. Dave is a smart dude!!! LOL.
Not true. Investment Advisors can recommend index funds. Even Dave uses an index fund to park money earmarked for real estate purchases.
@@dfarmer_ that's a good point Dave usually recommends s&p funds for time periods not earmarked for retirement
@@dfarmer_ It is true though. He makes good money from his referrals.
Kudos to Dave for not stooping down to his level🎉🎉🎉
I love how Dave hung up on him like, "We're done with you".
Caller was rude, but his point was totally correct. All the modern studies show that index funds out perform actively managed funds over the long term. That’s just factually correct.
That's why he says you need to study actively managed funds and find one that consistently returns well, holds good businesses, and has a lot of data to show that they have done well. Not to say its a guarantee, but is usual advice isn't buy the average actively managed funds its buy High quality Growth stock mutual funds. But yes the index does outperform the average. Thats just not exactly what dave says normally.
Came about it wrong. Probably convinced more people not to do index funds
I don't remember Dave ever saying you need to be in an actively managed fund though.
@@djg4653 The problem is that no one knows which actively managed funds will outperform in the future. It's easy to find them using hindsight, but today's "High Quality Growth Stock Mutual Fund" is often tomorrow's dog (reversion to the mean). Additionally, actively managed funds in aggregate underperform their benchmark indexes by about the same amount that they charge in fees and no one has a proven method for picking winning funds going forward.
@@bricehatcher8391 I watched another DR video where he advised a caller to invest in actively managed funds, pay the sales commissions and management fees. DR's opinion is that "good" actively managed funds outperform the S&P 500 but he has never on the show's offered up which ones he's invested in or how much better he has done than S&P 500 over time. He claims to make more than 12% net of costs, but that's a little hard for me to believe.
Love Dave. He has helped me with my path to where I want to be in 10yrs. I have learned other strategies along the way, but his teachings are fundamental and simple to staying out if debt and creating wealth. There is nothing saying you can't listen to multiple strategies and combine which ones you feel more comfortable with. Everything has Risks. I think Dave just has a program that is simple and risked adverse for people who want to be rich but not overwhelmed with risk or complexity.
This caller is probably the same guy who goes around work telling everyone what they should do with there money. But has no savings, no retirement account and debt up to his ears and lives pay check to pay check.
Count it all joy, my brothers, when you meet trials of various kinds, for you know that the testing of your faith produces steadfastness. And let steadfastness have its full effect, that you may be perfect and complete, lacking in nothing.
amen so be it and thank you
Indeed
Guy: "you'd have %50 more money"
*Dave explains everything* "You wouldn't have %50 more money"
Guy "that is true"
oh lord people are so dang dumb.
@Anthony Harris given the 53 likes ARC's comment got to your zero likes I would say you might be the dumb one.
I caught that too. The hypocrisy in this argument automatically loses his credibility. The caller is a loser which I bet he doesn't even invest in index funds or has very little of it.
Good! I was wondering if anyone else caught that. Gracious!!!! I'll give the caller the benefit of the doubt. Maybe he wasn't really listening closely
I think he was restating that his information was true, not that he agreed with Dave.
If an index does 10%, a mutual fund needs to do 12% just to get the same performance (assuming a 2% fee).
They both agree on this. They disagree whether it's easy for mutual funds to do that
And Chris in Los Angeles, what Ken Coleman is referring to is to " Begin in a friendly way" - Rule 3 4 from the book, "How To Win Friends and Influence People."
The caller actually makes a really great point. I love Dave, but his investing advice sucks.
You don't like index funds that out perform the index?
@@alexc5369 he's talking about mutual funds that charges a large fee. over 30 years that fee would compound to be 10s, if not 100s of thousands of dollars.
trust me, there are so many passive ETFs out there with such little fees associated with it, that you can find one that outperforms any mutual fund. QQQ, SCHG, VIG are just a few examples.
@@StopBeingFatLMAOOOO Dave has stated his chosen funds out perform the index by more than the fee as a portfolio. How could there be indexed that outperform any mutual fund? Do you mean there are some indexes that out perform some mutual funds? I don't think Dave disagrees with that
@@alexc5369 okay pay for the management fee, idrc what people do with their money.
This guy doesn’t need a lesson on investing, he needs a lesson on manners! I love the entertainment from it, but wow do you talk to your mother with that mouth man 😂. This has got to be one of the greatest calls ever, thanks for shutting him down and making him rethink his life living in his mommas basement and playing video games all day 😂
@Anthony Harris 😬😬🤓
@Anthony Harris Zachary is smart and tactful. I admire him.
Yes he was rude, but he told the truth. Your comment does not focus at all on the subject. Typical.
@@genxx2724 thank you!
@@johnSmith-uz8nl not sure what you’re getting at, people shouldn’t be allowed to have this digital courage, just because he’s on the phone and not in person he thinks he can be rude and disrespectful to Dave. That’s what my comment was addressing 👍🏼👍🏼
Proud of the way you handled that, Dave!!
Not endorsing the insult but he’s right about the index funds. Actively managed funds charge extremely high fees and still have relatively lower returns compared to the index funds. Whoever has a 401k should log in and switch from Target retirement funds to S&P500 index. Those high fees will eat away big chunk of your gains.
Dave, you handled this beautifully. Not sure I would've reacts the same. Thank you for being an excellent, godly example of how to handle situations like this. God bless 🙏
If he only were right. He is not. The research on this is crystal clear.
Here's the difference between Dave and Ken Coleman.....
This caller calls up and Ken Coleman is ready to fight, and Dave is like no....I got this....
Ken should pay attention to how Dave handled this guy for a class in how to do radio and deal with trolls....
Ken's suggested reading at the end is the best advice for this arrogant caller.