Ep. 14 More Information doesn't Necessarily Lead to Better Investing feat. Scott Burney from Vault Brewing Company

Send us Fan MailMadison and Mike discuss an article from the Wall Street Journal about the potential downsides of having too much information in investing. The article highlights the risks of making bad decisions due to over confidence from having so much information. Mike advises people to consider their overall financial plan instead of constantly checking their portfolios. He also mentions the evolution of information accessibility. It used to be thought that old time brokers got paid for having the information, while the role of advisors now is in making sense of it, using knowledge, context and perspective.Later, they are joined by Scott Burney, managing partner of Vault Brewing, gives an overview of his business, which has five locations in Yardley. He discusses his background in finance and how he transitioned into the brewing industry. Scott described his daily routine, which involves overseeing multiple businesses and dealing with various issues. Despite some challenges, he has built a supportive team. He noted that while business is going well, the economy has led to a dampening of discretionary spending in the craft brewing sector. They emphasize the importance of being open to clients' suggestions, assuming positive intent in feedback, and the significance of face-to-face communication. They also discuss the challenges of managing social media, time management, and balancing responsibilities. Link to Wall Street Journal article:  https://www.wsj.com/articles/ignorance-really-is-bliss-when-it-comes-to-investing-2779b67fScott's socials:Vault website:  https://vaultbrewing.com/Vault Instagram: https://www.instagram.com/vaultbrewing/Vault Facebook: https://www.facebook.com/VaultBrewing/