The Industry Focus team charges full-steam ahead with their "Never Will I Ever" theme week. Join analyst John Maxfield and host Gaby Lapera as they chat about the things in investing (and life) that they've decided to never do...or never do again, as the case may be.

A full transcript follows the video.

This video was recorded on July 10, 2017.

Gaby Lapera: Hello, everyone! Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. You're listening to the Financials edition, taped on Monday, July 10th, 2017. My name is Gaby Lapera, and joining me on Skype is John Maxfield, a Motley Fool contributing expert. Hey Maxfield, what's shaking?

John Maxfield: Not too much. How are you doing, Gaby?

Lapera: Pretty good. I'm excited about today's show because, listeners, we're having a theme week. It's been awhile since we've had one. This week's theme is Never Will I Ever, distinguished from never have I ever by intent, I suppose. It's fairly self-explanatory, but just in case, the idea is, we'll be talking about things that we'll never do or, on occasion, things that we'll never do again. Maxfield, I believe that you have volunteered to kick us off. Do you want to tell the audience what you never will you ever? That was awkward. [laughs] Never will I ever say that again.

Maxfield: Doesn't this remind you of college? It's like college, but a decade in the future, on a podcast.

Lapera: Yes. So, we will be very careful today, listeners. At least, we're going to try. If we say something to offend you, I'm so sorry.

Maxfield: OK, let me tell you what I will never. This is kind of a recent development for me. Let me walk you through this. Our listeners, our investors, I think they might find this interesting. And I've talked about this in the past on the show before, and I've written about it over the last few months. I have this general theory -- and I don't think it's my theory, at this point it's pretty common -- I think the market is really high right now. And here's why I think that. Two different reasons. First, look at the main valuation metric that people use to track stocks, it's the CAPE Schiller, there's a guy named Robert Schiller who's a professor of finance at Yale, he's done all this work on valuations in the stock market going back to the Civil War, a long time back. He's given us data that shows where the market level is at at any given point in time. And where it's at right now in terms of his valuation metric is, it's at the third highest level it's ever been at. 1929, it was a little bit higher. Maybe our listeners remember what happened in 1929. 1999, it was a little bit higher.

Lapera: And there was also a thing that listeners remember in 1999 as well. In and around that time. Just in case you think we're playing coy with you, that would be the Great Depression and the Dot-Com bubble. 

Maxfield: Right, exactly. Here's the thing. Asset prices, particularly equity prices, are inversely correlated to interest rates. There's a reason that asset prices are really high right now, because interest rates are really low right now. So that needs to be taken into consideration. But even if you factor that in, the market is really high right now. I think it's hard to get around that fact. The second piece of this puzzle, though, is, there's this thing called the VIX, and the VIX tracks expected volatility in the stock market over the next 30 days, and it does that by looking at activity in the options market, puts and calls. This data is actually about a month old, the last time I looked at this. But if you go back to the beginning of the VIX it has traded below 10 on only 16 trading days. There could be four or five more now because a month has passed. But when I looked at it this month, there was only 16 trading days that it closed below 10.

Lapera: Why is that significant, though? Why is it significant that it has traded below 10?

Maxfield: I'll get to that. Half of those days -- and this goes back multiple decades -- eight of those trading days have been this year. So the question is, to your point, why is that significant? You look at what's going on in the world right now, you look at asset prices and equity prices, everybody knows that they're high. Yet there's no expected volatility in the market. You look at North Korea is testing ICBMs, which, you don't know where that's going to go. We have the issues with Russia and Europe. You have all these things going on in the world right now, and all this uncertainty in the United States, and all this uncertainty around potential catalysts that could cause stocks to either go up or down, whether it's tax reform or healthcare reform, whatever it is, all these things going on, yet at the same time, there's basically no expected volatility by professional traders. It just seems unusual. So, you add that to the fact that the market is really high, and you go back in history and look at when those two factors have lined up in the past, and those factors have lined up in the past. So, what that led me to believe is, generally, my investment approach is, I will contribute a certain amount of my income every year to my SEP-IRA, which allows you to contribute up to 25% of your income. Then, I'll way to invest that money until the opportunity in the market presents itself. The last time I did this was at the beginning of 2016, when we had a little correction in the market. 

I was thinking, what I'll do is just wait, if this comes to fruition and the market recorrects at some point in the future, I'll just wait until that happens, I'll buy stocks cheap, and then I'll sit on those for a long time, which is generally what I do. But then I got to thinking about it. And I was like, why not just -- I've never tried to profit on the downside of anything. I'm in the investing business, I write about it, why not give it a try and see what's that like? So, what I did recently is bought some puts. The person who buys a put gives you the right to sell a stock at a certain price in the future. Let's say, with Bank of America, that's a company that I know well, the stock is trading around $24 a share. You could buy a put for whatever that would cost that would allow to sell that stock in two years at $24 a share. If Bank of America stock goes down to $20 in that time period, you can basically, for all intents and purposes, sell Bank of America for $24 and then buy it for $20 and then you profit on the downside. The problem with buying puts is, they expire after a certain time period. You can buy them out to two years, you can buy them out a month or two months or six months or a year, over all these different time periods, but the problem is, the price that you pay for that right decreases the closer you get to the so-called expiration date. Let's say I buy a put on Bank of America, thinking that its stock is going to go down, and I buy that put for a month out, the value that I pay for that put, as I get to that 29th day right before it expires is basically going to be nothing unless the actual stock has gone down far enough to actually make the put inherently valuable. 

The lesson that I learned in all of this, in doing this, this is the first time I ever bought puts before, was that if you're going to try to buy puts to profit on the way down, you really have to have a good sense, or at least feel like you've gotten your thesis to a place where you have a sense that a catalyst is relatively imminent in the near future. Otherwise, it will cost you way too much to sit there and wait for the market to go down as the value of those puts erode.

Lapera: Yeah. I've said this before on the show, I think people who trade options really need to know what they're doing. You can't just do it to do it. 

Maxfield: I agree.

Lapera: You really can't, because then you get this guy I've mentioned multiple times on the show who shorted Valeant, and the price went way up and suddenly he was $300,000 in debt. That's more of an error of not understanding how options work. But, you really want to have some kind of solid thesis for why you're putting a put in, not just doing it just to do it.

Maxfield: Yeah. The way I think about it is, my father told me this going way back, whenever you make any type of speculative investment, and when you're buying options, it's a speculative investment, because there's no inherent value in those options that will last beyond the expiration date. When you're doing something like that, you just have to assume that it goes to zero. That's not what your hope is, but you certainly shouldn't be doing these things unless you have a good sense for how investing works, and even if you do have a pretty good sense for how investing should work, you certainly shouldn't be doing these types of things with money that you would ever need. The purpose of this type of thing is a small, pinpointed bet that is either straight up directional or for the purpose of hedging other holdings in your portfolio.

Lapera: Yeah. I 100% agree. It's the same concept as, don't lend money to someone that you need, or that you ever expect to see again. Don't do that for options, either. At least in my opinion, and probably Maxfield's. I don't want to speak for you.

Maxfield: Yeah. And this is a lesson I learned. I lost $2,000 on this bet. Now, someone could say that's a mistake, and to a certain extent, it is a mistake. But I'll tell you this. It was a valuable lesson. Once you put money on the line and you learn the lesson that way, it's a very sticky lesson. Not only do you learn how it works, but you learn, kind of like in The Berenstain Bears books, what not to do. You remember it when you lose money.

Lapera: Yeah. I can hear my mom's cheerful voice going, "It's really sad that this happened, but at least you learned a valuable lesson, and isn't that a wonderful upside?" [laughs] 

Maxfield: When you think about lessons, I consider it to be a valuable lesson, whether it's $2,000 worth or not, it's definitely something that I learned.

Lapera: Yeah, and that's good, and my mom is right. I don't mean to make fun of her, I'm not making fun of her, she's 100% right. Even bad situations are good in that you can take something from them and learn from it and move on, and hopefully never will you ever make that mistake again.

Maxfield: Exactly.

Lapera: I'm going to turn to mine now, which is, succinctly put, never will I ever take advice at face value. This applies to a lot of different arenas in life, but more specifically for what we talk about on the show all the time: this applies to financial planning and stock thesis. I actually asked one of our financial planners who works for our sister company, what is some advice that she's heard from clients or that people have tried to give her herself that she has been like, "Wow, that's terrible advice," that kind of illustrates my point that you shouldn't take advice at face value. For example, you don't need to invest in life insurance when you don't have a spouse, children, or significant assets. If you have life insurance through your work already, you probably don't need to buy extra if you don't have any of those other things.

For example, me. I don't have a spouse or children or any significant assets, so I'm cool with just my work policy. And if a financial planner is trying to sell you something like that, and your conditions don't really warrant it, maybe you should examine whether or not the advice you're getting from them is coming from a good place. This is where I want to put a plug in for something call the fiduciary rule, which basically says that financial planners need to swear this oath, it's like the Hippocratic Oath except for financial planning, saying that they will put their customers' best interest first. I think a lot of people just assume that financial planners are doing this already, which is a mistake, unfortunately. There's a lot of financial planners out there who are just like, "Yeah, sure, I'm totally doing what's best for you, and what's best for me in terms of money," because sometimes, by selling you things, they make a percentage. That's an example of financial planning. A more personal example for me is, I remember when I was 18 and I marched into the bank and I was like, "I have a job. I would like to open an IRA. What kind of IRA should I open?" And the banking lady looked at me and said, "You need a traditional IRA, obviously." And I was like, "OK!" And I opened a traditional IRA. Come to find out a couple years later, a traditional IRA did not make sense for me at the time. I was making $7 an hour.

Maxfield: [laughs] Your big tax break.

Lapera: Yeah, I don't think I needed huge tax break there. In fact, up until last year, I believe the government owed me money every year up until this last year. So, a traditional IRA was not the best idea for me. And for listeners who aren't familiar with traditional and Roth IRAs, traditional IRAs give you a tax break up front. Whatever you contribute, you can deduct from your taxes. Roth IRAs are a better idea for people who think they're going to make more money in the future, and will be taxed more heavily in the future, which was basically 18 year old me. I can assure you I'm making more money now than I did when I was 18, because I was making the minimum wage when I was 18, which I think was still like $5.70 an hour. It was not a lot of money. 

Maxfield: Those were the days, huh?

Lapera: Those were the days. I was on and upward, and hopefully continue to be, on an upward trajectory in terms of wealth generation in my life. A Roth IRA is really great because when you get taxed on that money, the money gets taxed before you put it into the IRA, but when you withdraw from the IRA when you retire, you don't have to pay any taxes on it. Which is really great. That's awesome. If you can get a Roth IRA, you totally should. But, yeah, that was a mistake I made, and it was this horrible thing where I had opened the IRA with Bank of America, and then they acquired Merrill Lynch shortly thereafter, and then my IRA was in this unholy limbo where no one could figure out who owned it, Bank of America or Merrill Lynch, because in theory, Merrill Lynch owns all of the IRAs now, but mine somehow fell through the cracks and no one could figure out how to get the money I put into the IRA out of the IRA and into an account that anyone could access. I couldn't even put money into my IRA. Anyway, that's my story. I should not have taken financial advice at face value at that point. The internet was around, I could have gone and checked for myself, but I didn't.

Maxfield: And you know, it's funny you say that, because when you talk about that -- I'm sure this is how you feel, it's not like you don't want to take advice from an expert -- just because someone's an expert doesn't necessarily mean you should 100% follow their advice, you know what I mean? When you think about it in a behavioral finance context, they refer to this as authority bias, where people have a tendency to, some experts says something and people take it at face value. To a certain extent, you should factor in what experts are saying. That doesn't mean you have to take it for the absolute truth. I think there are three things in here to keep in mind. The first is, if you're making a serious decision, how to structure your retirement portfolio or the infrastructure for how you're going to prepare for your retirement, always keep in mind the bias of the person giving advice. In Gaby's case, in the absence of fiduciary rule, a financial advisor could very well be representing their interests in terms of selling your products over your interests.

So, you would want to know that. And then, a thing to keep in mind is, a lot of times when people come to decisions, they'll cite quotes and stuff like that, and a lot of times those quotes will be taken out of a larger context, whether those quotes are taken from an investor conference, an investor talking about it through an entire presentation at a conference, but only a couple sentences are pulled out, you want to really understand the full context around if you're going to make a decision, particularly a financial decision, based on advice from somebody, particularly if that advice is through hearsay, so you're reading about the advice as opposed to directly seeing it in front of you, you want to take the full context into consideration.

Lapera: Let me just insert myself in there really quick. What you said, this obviously also applies to stock thesis. It's very well and good to read an article and get one line pulled out of a transcript. You're far better off going in finding the original transcript yourself, and seeing what all the information was around that quote. And not just that, you're far better off going and checking to see what the 10-Q or 10-K says for yourself. If you're really interested in the company and you thinking about making the financial decision to invest in the company, you should do some of your own research, you shouldn't just take what experts, "experts" sometimes, say at face value. You really need to do some of the digging for yourself, I think. Just a little bit, maybe not a lot, but just enough to confirm that what they're saying, what this person's thesis is, is actually right.

Maxfield: Yeah. Primary sources is the way to go. If you have the opportunity to go and examine primary sources, that's where you should go. That's the best step.

Lapera: One of my favorite pictures I've seen recently was a picture of a dog with his little paws on the keyboard, and overlaid on it says, "You can be anyone on the internet." And that's true. [laughs] 

Maxfield: [laughs] That's so true.

Lapera: So, just keep that in mind.

Maxfield: And to add one tiny bookend to this, the last point to this is, you can help to combat against following bad "expert" advice by triangulating your resources. If you see one article that says something that you think is worthy to factor into your investment thesis, go and see what other people are saying, and try and triangulate it from other perspectives. If you can corroborate evidence, not only should that give you more confidence in all of the information that you have underlying your thesis, but a whole bunch of corroborating pieces of evidence increases the probative value of each individual piece of evidence, if everything goes together. So, triangulate it from multiple sources, I think that's a great way to think about how to defeat that authority bias.

Lapera: Definitely. And I think the other thing to think about is, it's not necessarily these evil malicious characters acting against your best interest. I'm sure that bank lady didn't know, she just gave me the wrong advice. But I think the other place to look out for this in your personal finance world is, I was looking at our Twitter analytics, and apparently a lot of people who listen to this show have a job. If you have a job, you probably have a 401(k). And I think a mistake that a lot of people make is going with the default funds in their 401(k), because they assume that whatever has been selected is probably what's best for them. And that's not necessarily true. You do need to look at the expenses and see what you're actually putting all your money into. Sometimes the expense ratios are out of control, like 1.5%. That's way too much, FYI, in case you're curious. If it's 1.5%, take it and put it in literally anything else that's lower.

Maxfield: Yeah, like an ETF, which is basically free, but you get the same thing.

Lapera: Yeah. Just keep in mind, sometimes it's not someone actively trying to work against you, but it's just the default, or someone didn't know better. I don't want people to leave this podcast thinking, "The world is a bad and sad place." It's not. This podcast isn't, and this podcast is great. Just keep in mind, there's a lot of reasons why people might accidentally give you the wrong advice, or you think they're giving you advice and they're really not, it's just whatever happened to already be there. Just check for yourself, guys. ... Right, Maxfield?

Maxfield: [laughs] Right, check for yourself, sorry.

Lapera: No, it's totally fine.

Maxfield: Sometimes I get lost thinking about the next subject we're going into.

Lapera: Well, talking about the next subject we're going into, we thought it would be fun to do some never will I evers from real life, or never will I ever again from real life. So, we're just going to go around the room, everyone is going to say one, and we'll keeps going around until we've run out. There won't be a lot of these, I promise. But, I'm going to go ahead and kick this off with, never will I ever try to eat within a couple of hours of hanging out with dead people, ever again. [laughs] Austin is giving me a pretty gross face. I used to work with bones, with mummies, with people who were dead and kind of rotting. It never turns my stomach in the moment, but if I try and go and eat within a couple hours of having done that, inevitably, some smell that I smell from the food will remind me of the thing that I have just been working on, or some visual. So, I think the things that jump to mind for me, this is really gross, listeners. If you don't want to listen to this, fast-forward 15 seconds, would be the time that I was working with a mummy, like a wrapped up one --

Maxfield: Like King Tut?

Lapera: Yeah, like a King Tut, except from Peru, and a small woman. And I went to go eat roast lamb, which is one of my favorite things, and that mummy smelled exactly like roast lamb. I couldn't picture it, I couldn't quite put my finger on it when I had originally unwrapped the mummy, but as soon as that smell of roasted lamb wafted over me, I was like, "Oh, no. I can't eat this." [laughs] So, yeah.

Maxfield: Never eat lamb again.

Lapera: Each mummy, it's actually really interesting, depending on how they were preserved and what their environment is, each of them has a very distinctive smell to them. Things that I guess you probably didn't think you would hear today. Maxfield, what's yours?

Maxfield: Since you went with food, I'll stick with food, because I have a food one. Never will I ever -- that's what we're saying, right?

Lapera: Never will I ever.

Maxfield: Never will I ever -- and this could change, but my intent right now -- buy a value meal at McDonald's. And here's the reason, Gaby. You're thinking, "John, you're saying that because you like to eat healthy." That's a lie. I don't like to eat healthy. In fact, I really like McDonald's. I'm not too proud to say that. But here's the thing. The value menu, that's a complete farce. There's too much margin in the fries and the drinks. You have to go straight to the dollar menu. And I know it's not a dollar anymore, it's $1.25 now, but you have to go straight to the dollar menu at McDonald's. I know they will not appreciate that advice, but it's the best way to get the bang for your buck at McDonald's.

Lapera: That was actually very good advice. Thank you. Austin, it's your turn.

Austin Morgan: Never will I ever agree that fall is a better season than spring.

Lapera: [laughs] Do you want to explain that a little bit more? Or is that just a statement?

Morgan: Spring is my favorite season for sure, and I really dislike fall. Most people really like fall, I hate fall.

Lapera: Why?

Maxfield: Do you hate change?

Morgan: It's always getting colder, the days are getting shorter, everything's dying. It's terrible.

Maxfield: You have to hang out with your aunts and uncles at Thanksgiving. Nightmare.

Morgan: Spring, baseball is starting, the weather's getting nicer, the days are getting longer. It's just a way better season, and everyone seems to like fall more, except for me.

Lapera: Except for Austin. Austin, I don't think you're alone. But, that's good. I'm really glad you're taking a stand on this point. [laughs] It's my turn again. This is a real hypothetical. Never will I ever take a time machine. I know this might be an unpopular thing. I used to be a historian, I really enjoy history, but never will I ever go back to a time before women could vote, or before penicillin was a thing, or indoor plumbing. There's so many wonderful things about now. I really love now so much.

Morgan: Would you go to the future?

Lapera: Ooh. I hadn't even thought about a time machine that goes forward.

Maxfield: Yeah, exactly. Think about a time machine that brings you to where you don't have to drive cars anymore.

Lapera: That's, like, 10 years from now. [laughs] 

Maxfield: Yeah, I know, it's like three years, exactly. [laughs] 

Lapera: That's true. I wouldn't even change that much, I would probably still have the same never will I ever by the time that's true.

Maxfield: You don't even need a time machine, you just need to go to bed tonight.

Lapera: [laughs] I don't know. I'll have to think about whether or not I would go -- listeners, would you go to the future in your hypothetical time machine? I'm excited to hear.

Maxfield: Yeah. If I could come back to the past and know what the stock prices are, I would go in a heartbeat.

Lapera: Oh my god, it's Back to the Future. [laughs] We've just discovered the plot to a popular 80s movie. All right, Maxfield, it's your turn again.

Maxfield: OK. Never will I ever own a pet snake. And here's why. Snakes are important, they're a part of our ecosystem. Why would I have -- I am not for discriminating against different types of people or different types of animals. But I watched a local news show, like, 10 years ago, about a guy, I don't know if it was a guy or a girl or a couple, who owned a pet snake, it was like a boa constrictor, one of those ones that gets big, and it got out of its cage and got into its vent system in the house, and ever since then -- and, I wasn't inclined to buy a snake or own a pet snake before then, because if I'm going to go in the pet direction, I'm going to go in the cuddly pet direction. But, I've never been able to forget about the idea that if you own a pet snake, that's A, and then the thing that happens next, B, is they escape and they get into your vents and you have to live in fear for the rest of your life.

Lapera: OK, I'm going to put something out there. This might be an urban legend that my father told me. My parents are from Venezuela, and my dad said that he had this professor at the University that was probably a Nazi, realistically, because after World War II a lot of Nazis fled to South America to escape persecution.

Maxfield: I've always wondered why that was, but yeah.

Lapera: So, he had a professor that, people were pretty sure that he was an ex-Nazi. And this guy had an apartment in this big apartment building in the middle of Caracas, and he liked to sleep with the door open because back in the day the AC wasn't so good, so you would get some night breeze, and the way the apartments are constructed in Venezuela is to take maximum advantage of the winds that generally flow through the city. So, he leaves his balcony door open, and in the middle of the night, the people above him had a boa constrictor, and it escaped, and it dropped down from their balcony onto his balcony and strangled him to death. Actually, fun fact -- apparently, boa constrictors don't strangle you to death, it's actually that they make your heart stop. I learned that a couple weeks ago, and I thought listeners would want to know. Anyway. I, too, would never own a snake, unless it was a Nazi-killing snake, I guess. [laughs] 

Maxfield: Fine, one of those, yeah. But, I don't know if you would need one right now, is the thing.

Lapera: That's true, not a lot of Nazis left. And, like I said, listeners, I don't know if that story is true, but it has really stuck with me. Any opinions on that, Austin?

Morgan: I will stick with a puppy. Puppies bite a lot, but they don't strangle you or make your heart stop.

Lapera: Fair enough. Do you have another never will I ever?

Morgan: Never will I ever take life advice from Jaden Smith.

Lapera: [laughs] I'm sorry, Will Smith's son?

Morgan: Yeah, have you ever looked at his Twitter page?

Lapera: I have not.

Morgan: Highly recommended, it's very entertaining. Don't take life advice from him.

Lapera: Fair enough. Can you think of a thing that he said recently?

Maxfield: One example?

Morgan: I'll look one up.

Lapera: OK. While Austin looks up an example, I'll give you my final one, which is, never will I ever underestimate a raccoon again. I know that the internet has taken to calling them trash pandas, which makes them sound cute. I guess. I don't really know. But, they are wily, strong, ferocious creatures, and they will get into anything that is not padlocked with a lock that they can't pick with pine needles or something like that. They're so smart. I went camping, and we left out a cooler that we'd closed with bungee cords or whatever, and the raccoons had figured out how to depress the button. It was one of those big Gatorade coolers that you see people dumping over other people at sporting events. They figured out how to depress the button and drink what was in the cooler, which happened to be a highly alcoholic mix. So, we get back to our campsite, and not only is most of our alcohol gone, but it has been imbibed by these raccoons, who are now lying comatose all over the campsite. One of them manages to rouse itself enough to look at us, twitch an ear, and then army crawl out of the camp because its back legs aren't working, probably because it had alcohol poisoning. So, that was just a combination of terrible things. Our alcohol was gone, we had a bunch of gross raccoons everywhere, and we just weren't smart enough to defeat the raccoons. That was not a high point in my life, I will say that. Maxfield? Are you just taking that story in?

Maxfield: I'm trying to think about how mad I would be if a bunch of raccoons took away all my alcohol. [laughs] Processing that, on a camping trip.

Lapera: I know! You're on an island, you can't get anything -- we were on an island at the time, just in case anyone was curious. Cumberland Island in Georgia, which is beautiful. If you can make it down there, even if you don't really like camping, it's a really great place to go. They're thinking about putting some developments on it. So, please support the not-development part of Cumberland Island. That was not very well said. Maxfield, do you have another one?

Maxfield: Yeah, here's my last one. Never will I ever be good at trivia. This is a problem for me, because I am known within my group of friends and acquaintances of being a big reader, and most people, particularly people who are not big readers, associate reading a lot with being good at trivia. And I don't know if that's true or not, but I can tell you this, I read a lot and I'm horrible at trivia, and I don't think that will ever change. My mind just doesn't work that way.

Lapera: Fair enough. I will never call upon you. Never will I ever call upon you to be on my trivia team.

Maxfield: Very smart. Unless they're scoring it like golf.

Lapera: Noted. Austin.

Morgan: "If Everybody In The World Dropped Out Of School We Would Have A Much More Intelligent Society." Jaden Smith.

Maxfield: [laughs] Oh my god! Wow, OK.

Morgan: "If A Cup Cake Falls From A Tree How Far Away Will It Be From Down #Jupiter"

Lapera: I don't even know what to say to that. Never will I ever take advice.

Morgan: Like, you can just search, Jaden Smith inspirational thoughts or deep thoughts on Twitter, and there's tons of results.

Lapera: Thank you so much for sharing that with us, Austin.

Maxfield: This is something I'm probably going to spend my whole afternoon reading now.

Lapera: OK. So, never will I ever take financial advice at face value, and also, never will I ever, ever, ever take advice from Jaden Smith on anything. [laughs] I don't think. OK, I'm going to wrap it up on that very puzzling thought.

As usual, people on the program they have interests in the stocks they talk about, and The Motley Fool may have recommendations for or against, so don't buy or sell stocks based solely on what you hear. Contact us at, or by tweeting us @MFIndustryFocus, and let us know what things you never will do, or will never do again. I'd like to thank Austin Morgan, our wonderful producer. And thank you very much to Maxfield for joining us. And thank you to you all for listening, and everyone have a great week!