there is no free lunch2

With the recent retirement of Jon Stewart from The Daily Show, we thought we would share a small part of his interview in 2009 with Wall Street guru, Jim Cramer. It wasn’t the brutal interrogation or the frustration Jon displayed during the interview that was compelling, but rather the topic Jon challenges Jim on in 2009 is the same song and dance still occurring on Wall Street in 2015. Around minute 10 of the video, Jon discusses a topic we come to know as our third Coffeehouse Investor principle: there is no such thing as a free lunch. “Anytime you sell people the idea that… sit back and you’ll get 10-20% on your money, don’t you always know that that’s going to be a lie… When are we are going to realize in this country that our wealth is work?” As investors, we must become savvy media viewers and skeptical headline readers besides responsible stewards of our own money.