Wall Street can promise dazzling returns, but private equity’s fees, illiquidity, and tax drag may leave investors with far less than the headline number. Don and Tom unpack research showing how ordinary index funds and municipal bonds can deliver comparable after-tax results with much less risk. Then a startling poll claims many Americans believe stocks only help the richest—and that gambling may beat investing. The hosts push back with the math, then tackle when taxable brokerage accounts ...