Chuck Jaffe, a forty-year veteran financial journalist who regularly writes for the Wall Street Journal and is also a nationally syndicated financial columnist, discusses how money and investors' attitude towards investing has changed over the last few decades. 00:44:  Introducing Chuck Jaffe 03:05: How people interacted with the market in the 1980’s 06:50: Dealer and liquidity risk when investing in the market 09:23: How the environment 40 years ago impacted investor psychology 12:53: Long term impact of Black Friday, the worst market crash experienced by any living investor 16:10: Discussion of fund options that are more illiquid and can sell at discounts 18:04: The combined influence of access real time data and the ability act in real time 28:31:  Moving away from employee supported retirement plans 29:00: The difference between financial education and financial literacy 31:26: Chuck’s take on the 4% rule 50:16:  Portfolio and personal optimization_______________ Subscribe via iTunes: https://affordanything.com/itunes Full show notes for the episode: https://affordanything.com/episode393 Get our show notes in your inbox: https://affordanything.com/shownotes Follow us! IG: https://instagram.com/paulapant Twitter: https://twitter.com/affordanything FB: https://facebook.com/affordanything Community: https://affordanything.com/community