When you read the Wall Street Journal does it seem like it's written in Egyptian hieroglyphs? When you listen to CNN Money does it sound as unintelligible as ancient Greek?

Do you want more out of your money? Are you looking for growth and better income but feel like you are looking in all the wrong places?

I am Doctor Scott Brown and I want to extend to you a kind entrance to this sharing of ideas that's designed to be your can opener to the secrets of sound investing.

And these really are secrets. Academic papers in finance are different than other parts of business.

You can read a journal article in psychology, management, or marketing and understand all the important takeaways. No problem.

Not so for financial economics.

Research from top business schools in finance is written in terse verses describing the results of rocket science doctoral level thinking. And unlike the ongoing subterranean search of Oak Island, following this treasure map requires a lot of undergraduate and graduate courses in pure math and economics.

Welcome to the highest hurdle in the social sciences.

That's why there is so much miss-information in the investment markets bombarding you now. It's a dirty stream of information generated by pseudo-intellectuals claiming to be money gurus.

An MBA in finance is not enough to pull you through to a full understanding of the markets. You'd need a PhD.

And that is where I come in.

I am one of the two most highly regarded financial researchers in the Caribbean. My close friends joke that I live like Jimmy Buffett but think like Warren.

By the way, neither Jimmy nor Warren Buffett are related. They did a DNA test and discovered that their identical family names are far apart genetically.

Nonetheless the two Buffetts are mutual fans. I am a fan of both, but you won't find me wasting away in Margaritaville anytime soon.

I am a successful researcher because I am a tenured professor of finance at the AACSB accredited Graduate School of Business of the University of Puerto Rico. just 5 percent of business schools worldwide hold this distinction.

This position of prestige makes my full-time job research of the financial markets and teaching finance to MBA and doctoral students.

I love what I do. I am like a pig in slop.

I whistle my way to work every day. I am dug into this like a tick.

I also hold a PhD in finance from the highly regarded Darla Moore School of Business of the University of South Carolina.

"What is the Rhodes Society?" you may be wondering.

The Rohdes Society is a private club for likeminded investors who are tired of being hoodwinked out of their money. Members come from all paths in society with a couple of important commonalities.

Most are successful in their careers. All are seeking the truth about getting the most out of their money.

And, none are communists.

The Rhodes Society podcast is a public service radio show that is your Rosetta Stone to developing a systematic unbiased understanding of investments with me as your guide.

Your first major roadblock to investing success Is the strange vocabulary of Wall Street. Take for example the two seemingly simple words, "time preference."

Time is the indefinite continued progress of events in the past, present, and future. Preference is a greater liking for one alternative over others.

Let's jackhammer the economic concept of time preference to pieces.

By the end of this first episode you will understand why this is the cornerstone from which we map the very real El Dorado of today … modern investment markets.

But first, let me ask you something of the utmost importance.

Do you have any communist friends? I do.

They are obstinate in their belief of the ten-point plan,

Abolition of land ownership and rents.
Imposition of progressive taxes.
Abolition of rights of inheritance.
Property confiscation of emigrants and rebels.
National bank state monopoly of credit and capital.
State control of communications and transport.
State controlled factories and agriculture.
Full employment through industrial armies.
Mixed use of manufacturing and agriculture.
Free education and abolition of child labor.

The funny thing about this list is that it has a little stuff mashed into capitalist economies. We already have progressive taxes as a shock absorber for recessions.

I prefer no income tax. But that's me.

We do have free education and no child labor. That's good.

Socialism is not. Thought leaders as far back as ancient Greece have warned that collective ownership reduces the productive energy of mankind and arrests economic growth.

German poet Heinrich Heine described the Marx led communist society in Paris as a crowd of godless, self-appointed gods. The Marxist pitch is that your oppressive capitalist employer stiffs you with a fraction of the wage you are worth.

I recently read up on long dead Cambridge economist Alfred Marshal. Regarding the Communist Manifesto he explains that nobody makes anything. Workers rearrange matter to make it more satisfying for customers. Workers exchange their time for money.

Capitalists satisfy others by contributing their savings. Savers exchange their money for interest.

Interest or other gain is the reward to the capitalist for waiting for the return of the family investment. Marx never understood this.

How could he? He blew every dime he made on alcohol and academic journals condemning his wife and children to a life of poverty, disease, suffering and death.

The ten-point plan of Marxist Communism collapses because It doesn't account for waiting for return of investment. Totalitarian control of capital by socialists means no lending to people with the best business ideas.

Marx ignored the value of imagination. He saw no justification for interest on loans.

Karl Marx thinking regarding home economics was as infantile as that of J. Wellington Wimpy who will gladly repay you Tuesday for a hamburger today. Neither Wimpy nor Marx care that a dollar revenue from a hamburger today is worth less to the hamburger stand next Tuesday.

The mathematics of discounting reveals this.

People who have time preferences such that they want everything right now with no effort deserve no reward for waiting. Alternatively, those heads of households who have long time preferences deserve compensation for the long wait for return of investment.

That is why Marx died broke for his childish impatience with money. Warren Buffett on the other hand rewarded a middle-class New York engineering professor with a fortune worth close to eight hundred million on a twenty-five-thousand-dollar investment.

What's the difference?

Karl Marx couldn't wait. He spent his money as fast as he could run away from his landlords. Donald and Mildred Othmer waited patiently with Warren Buffett for over three decades sliding safely into home near billionaires!

I always give you an actionable takeaway in every episode of this podcast. The takeaway for this episode is that to become a great investor you must maximize the time you wait for the return of your investment. But that's just half of the process. You must also maximize the percentage of your after-tax income you save for investments.

A millennial can save up two thousand a month into a Roth IRA and Roth 401K and trade behind a tax barrier.

The stock market indexes return about ten percent on average. Buffett has extracted about twenty percent over the decades.

At ten percent it would take sixteen years to become a millionaire investing in the Dow Jones Industrial Average. If you can extract returns like Buffett it would take you just over eleven years to become a millionaire.

Doubling the returns shaves off a third of the time it takes to find your El Dorado in the stock market.

Make sure you subscribe to this podcast today if you like these financial insights and money hacks. Go now to Rhodes Society dot org.

I recommend important books related to investing for you to read in every episode. Here is the first.

The Communist Manifesto by Karl Marx and Friedrich Engels is available in paperback for six dollars and forty-nine cents on Amazon. But I do not want you to buy it.

We do not condone giving money to communists. Since the Communist Manifesto was published in 1848 it is in the public domain.

You can Google search it and read this utter piece of trash for free in PDF.

Just one simple warning though. If you read the manifesto and turn communist all I can say on behalf of the Rhodes Society is "Thank you Comrade, please don't come back!"